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Europe Elderly Care Medical Devices Market, By Product, By End User, By Region, Competition Forecast & Opportunities, 2028

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  • 88 Pages
  • August 2023
  • Region: Europe
  • TechSci Research
  • ID: 5852931
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Europe elderly care medical devices market is anticipated to observe impressive growth during the forecast period 2024-2028. The major factors driving the market growth include the widespread incidence of chronic conditions, such as diabetes, cancer, asthma, arthritis, and cancer, among others, and the growing geriatric population augmenting the growth of the market. According to the IDF Diabetes Atlas, as of 2021, around 61 million adults (20-79 years) are living with diabetes in Europe. Europe has the highest number of children and adolescents (0-19 years) with type 1 diabetes which is around 295,000. Elderly care devices are devices that are utilized for planning healthcare management and coordinating care among old age people. These products are used to provide comfort in the daily movements of elder age people and also provide them with long-term care needs, thus, in turn, improving their quality of life. The other factors supporting the market’s growth are increasing demand for residential care facilities, increase in healthcare expenditure, investment in research and development, rising awareness regarding geriatric care devices, increase in average life expectancy, surging number of providers, increasing spending on health and wellness, rising inclination towards homecare services, and rise in number of elderly people suffering from health conditions.

Rise in Prevalence of Chronic Diseases

Growing incidences of chronic diseases, such as diabetes, cancer, osteoporosis, and others among the population, are strengthening the growth of the market. In 2019, the estimated number of individuals aged 50+ living in Europe was around 32 million. Out of this, 25.5 million were females, and 6.5 million were males. These devices help them to facilitate their daily living as the use of powered wheelchairs can help elderly people to live independently. The decline in agility and slow reflexes of old age people make them prone to injuries and falls even at home. Therefore, the need for elderly care devices is surging across the region. For instance, according to the NCDAlliance, more than one-third of the European population aged 15 or above suffer from chronic disease, and two out of three people at age 60 and above suffer from at least two chronic conditions.

Increasing Investments

Heavy investments by various companies operating in the market for improvising the scenario of elderly care devices are expected to support the market growth. These increasing investments are invested into new startups which aim to scale up the efforts to serve elderly people. For instance, in 2021, the UK-based elderly care tech platform Birdie received USD11.5M Series A led by Index. The Caretech Birdie focuses on having more personalized and more preventative care so that older citizens can age at home longer, happier, and healthier.

Increasing Aging Population

The rise in the proportion of elderly people who are aged 60 and more in the country is facilitating the growth of the market. Elderly populations are more prone to various diseases such as neurological, cardiovascular, and orthopedics, due to which there is a surge in demand for elderly care devices. Also, old age people suffer from several health issues with rising age, which in turn surges the growth of the Europe Elderly Care Medical Devices market. For instance, according to Statista data of 2021, Europe has the largest proportion of the aging population at 19%, whereas Italy has the largest elderly population share with 23.5% of the total population.

Recent Developments

  • Owing to the overworked care staff, SARA (Social & Autonomous Robotic Health Assistant), an innovation started by the robotic system, is used as an assistant which improves elderly care in hospitals and nursing homes. Also, it improves the quality of life of elderly residents.

  • In 2020, Essence Group, a provider of IoT-based telecare solutions for older people, launched a new UK-specific telecare solution set, which includes multiple communication channels such as fall detection, activity monitoring, and outdoor monitoring to meet unique needs of old age people in the UK.

Market Segmentation

Europe elderly care medical devices market is segmented into product, end user, and company. Based on product, the market is divided into mobility assistance aids, assistive furniture, bathroom safety & assistive products, and communication aids. Based on mobility assistance aids, the market is further divided into wheelchairs, mobility scooters, crutches, cranes, patient mechanical lift handling, walkers and rollators, and others. Based on assistive furniture, the market is further divided into medical beds, riser reclining chairs, door openers, and others. Based on bathroom safety & assistive products, the market is further divided into bars, grips, and rails, commode chairs, ostomy equipment, and shower chairs. Based on communication aids, the market is further divided into hearing aids, vision & reading aids, speech & writing therapy devices, and others. Based on end-user, the market is divided into hospitals, elderly nursing homes, assistive living facilities, homecare, and others. In terms of region, the market is segmented into France, Germany, United Kingdom, Italy, Spain, Finland, Greece, Portugal, Bulgaria, and Croatia.

Market Players

Sonova Holding AG, William Demant Holding A/S., GN Resound Group, Koninklijke Philips N.V., Medtronic Plc., OttoBock Healthcare GmbH, Investor AB (Permobil AB), Stryker Corporation, Invacare Corporation, Getinge AB (Arjo), Medical Depot, Inc., Prism Medical UK, Etac AB, Handicare Group AB, and Bischoff & Bischoff GmbH are some of the leading companies operating in the market.

Report Scope:

In this report, Europe elderly care medical devices market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Elderly Care Medical Devices Market, By Product:

  • Mobility Assistance Aids
  • Wheelchairs
  • Mobility Scooters
  • Crutches and Cranes
  • Patient Mechanical Lift Handling
  • Walkers and Rollators
  • Others
  • Assistive Furniture
  • Medical Beds
  • Riser Reclining Chairs
  • Door Openers
  • Others
  • Bathroom Safety & Assistive Products
  • Bars, Grips, and Rails
  • Commode Chairs
  • Ostomy Equipment
  • Shower Chairs
  • Others
  • Communication Aids
  • Hearing Aids
  • Vision & Reading Aids
  • Speech & Writing Therapy Devices
  • Others

Elderly Care Medical Devices Market, By End User:

  • Hospitals
  • Elderly Nursing Homes
  • Assistive Living Facilities
  • Homecare
  • Others

Europe Elderly Care Medical Devices Market, By Region:

  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Finland
  • Greece
  • Portugal
  • Bulgaria
  • Croatia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present Europe elderly care medical devices market

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Impact of COVID-19 on Europe Elderly Care Medical Devices Market5. Voice of Customer
6. Europe Elderly Care Medical Devices Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume (In Units, By Product)
6.2. Market Share & Forecast
6.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.2.3. By Country
6.2.4. By Company (2022)
6.3. Market Map
6.4. Europe: Country Analysis
6.4.1. France Elderly Care Medical Devices Market Outlook
6.4.1.1. Market Size & Forecast
6.4.1.1.1. By Value & Volume
6.4.1.2. Market Share & Forecast
6.4.1.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.1.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.1.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.1.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.1.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.1.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.1.3. Pricing Analysis
6.4.2. Germany Elderly Care Medical Devices Market Outlook
6.4.2.1. Market Size & Forecast
6.4.2.1.1. By Value & Volume
6.4.2.2. Market Share & Forecast
6.4.2.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.2.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.2.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.2.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.2.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.2.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.2.3. Pricing Analysis
6.4.3. United Kingdom Elderly Care Medical Devices Market Outlook
6.4.3.1. Market Size & Forecast
6.4.3.1.1. By Value & Volume
6.4.3.2. Market Share & Forecast
6.4.3.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.3.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.3.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.3.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.3.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.3.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.3.3. Pricing Analysis
6.4.4. Italy Elderly Care Medical Devices Market Outlook
6.4.4.1. Market Size & Forecast
6.4.4.1.1. By Value & Volume
6.4.4.2. Market Share & Forecast
6.4.4.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.4.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.4.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.4.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.4.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.4.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.4.3. Pricing Analysis
6.4.5. Spain Elderly Care Medical Devices Market Outlook
6.4.5.1. Market Size & Forecast
6.4.5.1.1. By Value & Volume
6.4.5.2. Market Share & Forecast
6.4.5.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.5.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.5.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.5.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.5.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.5.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.5.3. Pricing Analysis
6.4.6. Finland Elderly Care Medical Devices Market Outlook
6.4.6.1. Market Size & Forecast
6.4.6.1.1. By Value & Volume
6.4.6.2. Market Share & Forecast
6.4.6.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.6.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.6.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.6.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.6.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.6.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.6.3. Pricing Analysis
6.4.7. Greece Elderly Care Medical Devices Market Outlook
6.4.7.1. Market Size & Forecast
6.4.7.1.1. By Value & Volume
6.4.7.2. Market Share & Forecast
6.4.7.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.7.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.7.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.7.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.7.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.7.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.7.3. Pricing Analysis
6.4.8. Portugal Elderly Care Medical Devices Market Outlook
6.4.8.1. Market Size & Forecast
6.4.8.1.1. By Value & Volume
6.4.8.2. Market Share & Forecast
6.4.8.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.8.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.8.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.8.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.8.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.8.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.8.3. Pricing Analysis
6.4.9. Bulgaria Elderly Care Medical Devices Market Outlook
6.4.9.1. Market Size & Forecast
6.4.9.1.1. By Value & Volume
6.4.9.2. Market Share & Forecast
6.4.9.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.9.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.9.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.9.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.9.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.9.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.9.3. Pricing Analysis
6.4.10. Croatia Elderly Care Medical Devices Market Outlook
6.4.10.1. Market Size & Forecast
6.4.10.1.1. By Value & Volume
6.4.10.2. Market Share & Forecast
6.4.10.2.1. By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)
6.4.10.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)
6.4.10.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)
6.4.10.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)
6.4.10.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)
6.4.10.2.2. By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)
6.4.10.3. Pricing Analysis
7. Market Dynamics
7.1. Drivers
7.2. Challenges
8. Market Trends & Developments
9. Competitive Landscape
9.1. Business Overview
9.2. Product Offerings
9.3. Recent Developments
9.4. Financials (As Reported)
9.5. Key Personnel
9.6. SWOT Analysis
9.6.1. Sonova Holding AG
9.6.2. William Demant Holding A/S.
9.6.3. GN Resound Group
9.6.4. Koninklijke Philips N.V.
9.6.5. Medtronic Plc.
9.6.6. OttoBock Healthcare GmbH
9.6.7. Investor AB (Permobil AB)
9.6.8. Stryker Corporation
9.6.9. Invacare Corporation
9.6.10. Getinge AB (Arjo)
9.6.11. Medical Depot, Inc.
9.6.12. Prism Medical UK
9.6.13. Etac AB
9.6.14. Handicare Group AB
9.6.15. Bischoff & Bischoff GmbH
10. Strategic Recommendations

Companies Mentioned

  • Sonova Holding AG
  • William Demant Holding A/S.
  • GN Resound Group
  • Koninklijke Philips N.V.
  • Medtronic Plc.
  • OttoBock Healthcare GmbH
  • Investor AB (Permobil AB)
  • Stryker Corporation
  • Invacare Corporation
  • Getinge AB (Arjo)
  • Medical Depot, Inc.
  • Prism Medical UK
  • Etac AB
  • Handicare Group AB
  • Bischoff & Bischoff GmbH

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About the Market

The Elderly Care Medical Devices market is a subcategory within the broader Medical Devices industry that focuses on products specifically designed to address the healthcare needs of older adults. With increasing life expectancy and a rising elderly population, there has been an uptick in demand for devices that assist with age-related health issues and improve the quality of life for seniors. This market encompasses a range of products from assistive devices (such as walkers and hearing aids) to home monitoring and telehealth solutions that allow for remote healthcare management. The development of these devices often involves incorporating advanced technologies like sensors, connectivity, and data analytics to enhance their functionality and user-friendliness. Innovation in this sector is driven by a combination of factors, including patient needs, technological advancements, and healthcare policies that favor home-based care. Companies operating in the Elderly Care Medical Devices market participate in a competitive landscape where they strive to offer solutions that are both cost-effective and tailored to the nuanced requirements of elderly care, such as ease of use, safety features, and integration with health systems. Some companies in the Elderly Care Medical Devices market include Philips Healthcare, Medtronic, Becton Dickinson, B. Braun, and Stryker. These companies offer various devices and solutions aimed at improving the lives of the elderly through innovative and reliable medical technologies. Show Less Read more

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