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Aging Population and Medical Devices - Thematic Intelligence

Publisher GlobalData
Published Oct 27, 2023
Length 46 Pages
SKU # GBDT18334421

Description

Aging Population and Medical Devices - Thematic Intelligence


Summary

The aging population is a captive market for medical devicesWe are experiencing a profound demographic shift as increases in life expectancy-coupled with declines in fertility-have substantially shifted population demographics. According to the World Health Organization (WHO), individuals ages 60 and over will number approximately 2.1 billion by 2050. In high-income countries the challenges of an aging population are particularly pronounced, for example in Japan where close to 30% of the population is aged 65 and over. However, low- and middle-income countries are now experiencing the greatest demographic shift, and by 2050, will account for two-thirds of the global population over 60 years of age.

This increased number of older individuals is accompanied by increasing health concerns, presenting unique demand for the medical device industry. With rising pressure on governments, payers, and manufacturers to reduce healthcare costs, innovative medical technologies have tremendous potential to improve elder care.

The demand for home care solutions is increasing

The shift towards home care for the elderly population has been occurring for several years. Advancements in medical device technology have resulted in a significant increase in the number of conditions that can be managed in a home care setting. To capitalize on this strong demand and growth, manufacturers are increasingly producing consumer-targeted equipment.

COVID-19 spurred a shift towards prioritizing elderly care

The COVID-19 pandemic placed additional stress on health care delivery systems worldwide, exposing the structural ageism that led to high rates of morbidity and mortality among older populations. These circumstances prompted global organizations to call for medical, scientific, social, and financial preparedness for the aging population as a global imperative.

Scope

  • This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
  • The report covers the aging population theme.
    • Reasons to Buy
    • GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
    • Develop and design your corporate strategies through an in-house expert analysis of the aging population by understanding the primary ways in which this theme is impacting the healthcare industry.
    • Stay up to date on the industry’s major players and where they sit in the value chain.
    • Identify emerging industry trends to gain a competitive advantage.

    Table of Contents

    46 Pages
    Executive Summary
    Players
    Thematic Briefing
    Home care devices
    Wearable devices
    Assistive devices
    Trends
    Technology trends
    Macroeconomic trends
    Regulatory trends
    Industry Analysis
    Healthcare expenditure and the aging population
    Market size and growth forecasts
    Home care devices
    Assistive devices
    Case study: intelligent drug dispensing
    Timeline
    Signals
    M&A trends
    Value Chain
    Patients seeking medical care
    Elderly care devices
    Home care devices
    Wearable devices
    Assistive devices
    Providers
    Companies
    Public companies
    Private companies
    Sector Scorecards
    Medical devices sector scorecard
    Who’s who
    Thematic screen
    Valuation screen
    Risk screen
    Glossary
    Further Reading
    GlobalData reports
    Our Thematic Research Methodology
    About GlobalData
    Contact Us
    List of Tables Table 1: Technology trends Table 2: Macroeconomic trends Table 3: Regulatory trends Table 4: M&A trends Table 5: List of wearable devices used by the elderly population for various purposes. Table 6: Public companies Table 7: Private companies Table 8: Glossary Table 9: GlobalData reports
    List of Figures
    Figure 1: Who are the leading medical device companies in elderly care and where do they sit in the value chain?
    Figure 2: Populations around the world are getting older
    Figure 3: The world average health expenditure per capita will continue to rise
    Figure 4: There was a 15% increase in diagnostic respiratory home devices installed in US homes in 2019-2020
    Figure 5: Home care pulse oximeters volume grew by 25% due to the pandemic
    Figure 6: By 2033, home care will account for 6.5% of the North American respiratory device accessories market
    Figure 7: The hearing implants market will exceed $2 billion by 2032
    Figure 8: Intelligent drug dispenser use cases
    Figure 9: The aging population story
    Figure 10: The aging population value chain
    Figure 11: The aging population value chain - The leaders vs challengers in home care devices
    Figure 12: The aging population value chain - The leaders vs challengers in wearable devices
    Figure 13: The aging population value chain - The leaders vs challengers in assistive devices
    Figure 14: Thematic screen
    Figure 15: Valuation screen
    Figure 16: Risk screen
    Figure 17: Our five-step approach for generating a sector scorecard

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