(PharmaNewsWire.Com, October 19, 2017 ) The average life expectancy in humans has considerably increased over the decades with advancements in medical sciences. With rising number of older adults, there has been a considerable increase in instance of chronic diseases, disability and resulting mobility. These adults require assistive devices to be able to perform their routine everyday activities. The activities of daily living can be categorized as instrumental activities of daily living (IADLs) and personal activities of daily living (PADLs). IADLs refer to activities such as meal preparation, using a telephone, taking medication, traveling away from home and other such activities. PADLs include tasks that are essentially necessary for daily living such as feeding, dressing, bathing, moving or transferring, going to the toilet and other such basic activities. Instrumental activities are more complicated and require domestic or community assistance.
Assistive devices broaden a patient’s support base, improve stability and balance, and redistribute from lower limbs to alleviate joint pain or compensate for injury or weakness. The primary utility of assistive devices is to improve independent mobility, postpone functional decline, and decrease the burden of care on care givers. The patients who use assistive devices exhibit improved confidence and feeling of safety which leads to independence and increased level of activeness. Different assistive devices are used by geriatrics such as canes, crutches, walkers, rollators, wheelchairs, hearing aids and many such devices. Selection of a suitable device has to be done carefully considering the patient’s endurance, strength, cognitive function, balance and environmental demands. Canes help in redistributing weight from lower extremities that are painful or weak, improve stability and deliver tactile information about surface of the ground in order to improve balance. Crutches assist patients who have to use their arms for bearing weight and propulsion. A walker improves stability in those patients who suffer from weakness in lower extremities or poor balance due to weakness. Clinicians routinely examine and evaluate their patients’ assistive devices in order to ensure proper fit, height, maintenance and they counsel these patients on how to use these devices efficiently.
The key factor driving the growth of elderly and disabled assistive devices market is the increasing incidence of geriatric and disabled population across the world. According to the data revealed by the U.S. Department of Health and Human Services, the population of elder people aged 65 years and over stood at 46.2 million in 2014 in the U.S. and this number is poised to more than double to 98 million by 2060. With increase in the average life expectancy due to advancements in technology and medicine, the demand for elderly and disabled assistive devices will witness a steady growth in coming years. However, high cost associated with certain assistive devices such as bone anchored hearing aids (BAHA), cochlear implants, and power wheelchairs have resulted in low adoption rate of these devices.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact: 304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: +1-888-213-4282 Email: sales@crystalmarketresearch.com Website: http://www.crystalmarketresearch.com
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
