Global Assistive Devices For Vulnerable Groups Revenue Is Nearly 16.5 Billion USD
Thursday, 01 Nov, 2018
In the last several years, global market of Assistive Devices for Vulnerable Groups developed rapidly, with an average growth rate of 7.95% during 2013 to 2017. In 2017, global revenue of Assistive Devices for Vulnerable Groups is nearly 16.5 Billion USD.
Assistive technology is an umbrella term that includes assistive, adaptive, and rehabilitative devices for people with disabilities while also including the process used in selecting, locating, and using them.
The term "vulnerable groups" is usually synonymous with "groups at risk". Vulnerable groups often include elderly person, persons with disabilities and others.
The classification of Assistive Devices for Vulnerable Groups includes hearing aids, medical mobility aids & ambulatory devices, vision & reading aids and medical furniture & bathroom safety products, and the proportion of hearing aids in 2017 is about 57%, and the proportion is in increasing trend from 2013 to 2017.
Assistive Devices for Vulnerable Groups is widely used for the elderly, the disabled and other diseases. The most proportion of Assistive Devices for Vulnerable Groups is used for the disabled, and the proportion in 2017 is nearly 50%.
Mexico, China, Africa, South America, India and Southeast Asia are the middle and low income countries we focused on in our report, and these six regions account for 19% of the whole global market. China is the largest consumption place of the middle/low income countries, with a consumption market share nearly 5.6% in 2017 globally.
Market competition is not intense. Sonova Holding, William Demant, Invacare, Ottobock, Starkey, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.