Sweden Disabled & Elderly Assistive Device Market by Type (Mobility Impairments, Hearing Impairments, Visual Impairments, Cognitive Impairments, and Self-Care), and by End User (Hospitals, Elderly Nursing Homes, Home Care, and Other End Users) – Opportuni
Description
Sweden Disabled & Elderly Assistive Device Market Analysis|2023-2030
Meta Des: Sweden Disabled & Elderly Assistive Device Market was valued USD 700.3 million in 2023, and projected to reach USD 1902.2 million by 2030, at a CAGR of 14.2%
Sweden Disabled & Elderly Assistive Device Market
Domain – Life Sciences & Healthcare
Sub Domain – Medical Devices
The Sweden Disabled & Elderly Assistive Device Market size was valued at USD 700.3 million in 2023, and is predicted to reach USD 1902.2 million by 2030, at a CAGR of 14.2% from 2024 to 2030.
Sweden's substantial investment in healthcare is pivotal in stimulating demand for assistive devices. With a significant allocation of its GDP, Sweden ensures ample funding for healthcare infrastructure, services, and advanced medical devices.
According to the European Commission report 2024, through healthcare expenditure Sweden contributed 11.2% toward its GDP as compared to Finland that contributed 10.1%. This financial dedication fosters the development and accessibility of a diverse array of assistive devices aimed at enhancing the quality of life for elderly and disabled individuals.
However, the market for assistive devices for the disabled and elderly faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the National Board of Health and Welfare (Socialstyrelsen), and other national agencies impose stringent approval processes, requiring assistive products, especially medical devices, to undergo extensive testing and certification before entering the market.
On the contrary, the integration of artificial intelligence (AI) into disabled & elderly assistive device represents a transformative leap towards a future where these devices are not only more advanced but also more personalized and accessible than ever before. AI enables assistive devices to evolve beyond static solutions, becoming dynamic and adaptable to the specific needs of each user. Through machine learning algorithms, these devices learn from user interactions, continuously improving their functionality and responsiveness.
Segment Overview
Sweden disabled & elderly assistive device industry is segmented based on type and end user.
• Based on type, the market is segmented mobility impairments, hearing impairments, visual impairments, cognitive impairments, and self-care.
• Based on end user, the market is classified into hospitals, elderly nursing homes, home care, and other end user.
Key Market Players
Leading players operating in Sweden disabled & elderly assistive device industry include:
• Stryker Corporation
• Invacare Corporation
• Baxter
• Thuasne
• Etac AB
• Panthera AB
• Eurovema
• Sonova
• ORCA EUROPE
• LVI Low Vision International
Key Benefits
• Sweden disabled & elderly assistive device market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in Sweden disabled & elderly assistive device market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Meta Des: Sweden Disabled & Elderly Assistive Device Market was valued USD 700.3 million in 2023, and projected to reach USD 1902.2 million by 2030, at a CAGR of 14.2%
Sweden Disabled & Elderly Assistive Device Market
Domain – Life Sciences & Healthcare
Sub Domain – Medical Devices
The Sweden Disabled & Elderly Assistive Device Market size was valued at USD 700.3 million in 2023, and is predicted to reach USD 1902.2 million by 2030, at a CAGR of 14.2% from 2024 to 2030.
Sweden's substantial investment in healthcare is pivotal in stimulating demand for assistive devices. With a significant allocation of its GDP, Sweden ensures ample funding for healthcare infrastructure, services, and advanced medical devices.
According to the European Commission report 2024, through healthcare expenditure Sweden contributed 11.2% toward its GDP as compared to Finland that contributed 10.1%. This financial dedication fosters the development and accessibility of a diverse array of assistive devices aimed at enhancing the quality of life for elderly and disabled individuals.
However, the market for assistive devices for the disabled and elderly faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the National Board of Health and Welfare (Socialstyrelsen), and other national agencies impose stringent approval processes, requiring assistive products, especially medical devices, to undergo extensive testing and certification before entering the market.
On the contrary, the integration of artificial intelligence (AI) into disabled & elderly assistive device represents a transformative leap towards a future where these devices are not only more advanced but also more personalized and accessible than ever before. AI enables assistive devices to evolve beyond static solutions, becoming dynamic and adaptable to the specific needs of each user. Through machine learning algorithms, these devices learn from user interactions, continuously improving their functionality and responsiveness.
Segment Overview
Sweden disabled & elderly assistive device industry is segmented based on type and end user.
• Based on type, the market is segmented mobility impairments, hearing impairments, visual impairments, cognitive impairments, and self-care.
• Based on end user, the market is classified into hospitals, elderly nursing homes, home care, and other end user.
Key Market Players
Leading players operating in Sweden disabled & elderly assistive device industry include:
• Stryker Corporation
• Invacare Corporation
• Baxter
• Thuasne
• Etac AB
• Panthera AB
• Eurovema
• Sonova
• ORCA EUROPE
• LVI Low Vision International
Key Benefits
• Sweden disabled & elderly assistive device market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in Sweden disabled & elderly assistive device market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Table of Contents
120 Pages
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 Sweden Disabled And Elderly Assistive Device Market By Type
- 2.1 Overview
- 2.2 Mobility Impairments Market
- 2.2.1 Wheelchairs
- 2.2.2 Walkers And Rollators
- 2.2.3 Canes And Walking Sticks
- 2.2.4 Crutches
- 2.2.5 Portable Ramps
- 2.2.6 Others
- 2.3 Hearing Impairments Market
- 2.3.1 Hearing Aids
- 2.3.2 Fm System
- 2.3.3 Deafblind Communicators For Hearing
- 2.4 Visual Impairments Market
- 2.4.1 Screen Readers
- 2.4.2 Optical Magnifiers
- 2.4.3 Smart Phones For Vision
- 2.4.4 Braille Writing Equipment
- 2.4.5 Talking Devices
- 2.5 Cognitive Impairments Market
- 2.6 Self-care Market
- 2.6.1 Shower Chairs
- 2.6.2 Grab-bars/Handrails
- 3 Sweden Disabled And Elderly Assistive Device Market By End User
- 3.1 Overview
- 3.2 Hospitals Market
- 3.3 Elderly Nursing Homes Market
- 3.4 Home Care Market
- 3.5 Other End Users Market
- 4 Company Profiles
- 4.1 Stryker Corporation
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 Invacare Corporation
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 Baxter
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 Thuasne
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Etac Ab
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Panthera Ab
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Eurovema
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 Sonova
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Orca Europe
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Lvi Low Vision International
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
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