Rapid advances in assistive technology paving the way for assistive furniture manufacturers: Fato.MR predicts

Growing improvements in healthcare facilities, increase in partnerships between insurers and healthcare providers, and increased consumer awareness of assistive furniture are the key factors that are expected to drive market revenue in the coming years.

/EIN News/ — United States, Rockville MD, August 9, 2022 (GLOBE NEWSWIRE) — According to a detailed study by Fact.MR, a provider of market research and competitive intelligence, the global assistive mobile market it is expected to reach a valuation of US$5.5 billion by 2026, rising to a CAGR of 6% during the forecast period (2022-2026).

Assistive furniture includes all the features available to those who cannot physically defend themselves. These tools significantly help the disabled to get around, read, listen and perform other daily tasks, which is increasing demand for these products and accelerating market expansion.

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Since people with disabilities require assistance from a variety of tools and equipment to perform all essential daily tasks, these devices benefit elderly and disabled patients in a peaceful, simple and independent life. The growing number of people with disabilities is a factor in the assistive furniture market. Changing lifestyles, accessibility of assistive devices for disabled and elderly people, and growing demand for assistive technology are the main reasons that are increasing the market growth considerably.

Health systems around the world are under pressure due to the increasing aging of the population. Home treatment is actively used as a substitute for prolonged hospital stays. Technological advances have made it possible to connect assistive devices to health networks, which is helping the transition to home care.

What is driving the growth of the assisted mobile market in the US?

“Increased spending on R&D to produce high-quality assistive furniture”

Market expansion in the United States is being driven by an increasing prevalence of disabilities, the presence of significant manufacturers, and increased R&D spending for the production of high-quality assistive furniture.

The market is growing as a result of the increased use of advanced assistive technologies and the rapid integration of healthcare facilities. Strong government measures to improve healthcare facilities through insurance programs are projected to create prospects for profitable growth in the country.

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Main Segments Covered in Assistive Furniture industry research

  • By type:

    • beds
    • Reclining Chairs with Lift
    • rails and bars
    • door openers
  • By end user:

    • Home Care
    • assisted living facilities
    • hospitals
    • Asylum
  • By region:

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

competitive scenario

To gain competitive advantage and increase market share, assistive furniture manufacturers are making significant investments in value-added services. Market participants are also engaged in a variety of development methods such as product launches, collaborations, joint ventures and mergers.

  • The Right Place created a cloud-based platform to manage available beds and accelerate referral choices using real-time data. The software helps with patient placement and provides analytics on things like occupancy, referral volume, and average length of stay.

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key players in Assistive Furniture Marketplace

  • GN ReSound Group
  • Liberator Ltd.
  • Siemens Ltd.
  • Blue Chip Medical Products
  • Invacare Corporation
  • Lead DeVilbiss Healthcare
  • Inclusive Technology Ltd.
  • Medline Industries, LP.
  • permobile

Main conclusions of Assistive Furniture Market research

  • The global assistive mobile market is expected to reach $5.5 billion by 2026.
  • Demand for riser reclining chairs is expected to increase by 5.2% CAGR from 2022 to 2026.
  • Germany market projected to increase by 5.5% CAGR by 2026.
  • The market in Japan is expected to increase by 5% CAGR during the forecast period.

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