According to this latest study, the growth in the Geriatric Care Devices market will change significantly from the previous year. Over the next six years, Geriatric Care Devices will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.
Geriatric Care Devices are used for planning healthcare management and coordinating care of the aged population and people with physical or mental impairments. These products comfort the daily activities of aged people, provide them with long-term care needs, and enhance their quality of life. These devices include wheelchairs, walkers, and adult diapers for daily routine. Geriatric care devices promote nursing at home level.
The geriatric care devices market is expected to grow rapidly, due to the aging population which creates a patient pool seeking long-term care at home & at-home skilled nursing facilities. This increases the demand for geriatric care devices in the market over the forecast period. Also, the increase in prevalence of diabetes and other chronic diseases has resulted in an increased number of people needing long term care devices which expected to positively influence the market growth.
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Leading Key Players Covered in Geriatric Care Devices market:
- Cardinal Health
- Kimberly Clark
- Svenska Cellulosa Aktiebolaget
- Drive Medical
- Mobility Aids Sales and Services
- Nippon Paper
- Pride Mobility Products
- Principle Business Enterprises
- Sunrise Medical
These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
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Segmentation of Geriatric Care Devices market:
- Adult Diapers
- Elderly Nursing Homes
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Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
- The study provides an in-depth analysis of the global geriatric care devices market with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides information about the current and upcoming trends in the global biologic response modifiers market from 2016 to 2023, which helps to determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the geriatric care devices market is provided.
- Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the geriatric care devices market.
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