Bathroom & Toilet Assist Devices Market worth 4.68 Billion USD by 2020
The global bathroom & toilet assist devices market is expected to reach USD 4.68 Billion by 2020, at a CAGR of 5.7% from 2015 to 2020.
(EMAILWIRE.COM, February 02, 2019 ) According to the new market research report "Bathroom & Toilet Assist Devices Market by Product Type (Chairs & Stools, Bath Lifts, Toilet Seat Raisers, Toilet Aids, Commodes, Handgrips & Grab Bars, Bath Aids), Region (North America, Asia-Pacific, Europe, Row) - Global Forecast to 2020", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
The global bathroom & toilet assist devices market is expected to reach USD 4.68 Billion by 2020, at a CAGR of 5.7% from 2015 to 2020. Factors, such as rise in the aging population, growing rate of awareness about assistive devices, and technological advancement are driving the growth of this market.
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The report on the global bathroom & toilet assist devices market analyzes and segments the concerned market based on product type and geography. It analyzes the competitive developments, such as alliances, joint ventures, and mergers & acquisitions in this market. This market is also studied with an explicit focus on the high-growth applications and fastest-growing market segments.
Due to rising disabled and geriatric population, especially in the emerging economies, there is a need for assistive devices, such as bathroom & toilet assist devices. These devices include commodes, shower chairs & stools, bath lifts and others.
Factors such as increasing aging population and rise in the disabled population are propelling the growth of this market. However, high costs of bathroom & toilet assist devices may restrict the growth of this market. A number of factors such as healthy growth of commodes and shower chairs & stools market, high growth potential of emerging economies, and acquisitions have opened an array of opportunities for the market to grow in the coming years.
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According to United Nations Department of Economic and Social Affairs, the global percentage share of the aging population (aged 60 years or above) has increased from 9.2% in 1990 to 11.7% in 2013, and is anticipated to reach 21.1% by 2050. Aging heightens the susceptibility of a person towards developing target diseases, such as osteoporosis and rheumatoid arthritis. Therefore, the growing geriatric population base is expected to widen the patient pool for manufacturers of assist devices.
Geographically, the bathroom & toilet assist devices market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2015, North America is expected to dominate the market, followed by Europe. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Factors such as rising aging population, increasing technological advancements, increasing disposable income levels and the rising disabled population will drive the growth of this market in Asia-Pacific region.
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The major players profiled in the global market report include, ArjoHuntleigh, Bischoff & Bischoff GmbH, Etac AB, DIETZ GmbH, Medical Depot, Inc. (Drive Medical), Handicare, Hewi Heinrich Wilke GmbH, Invacare Corporation, MEYRA GmbH, Patterson Medical Holdings, Inc., Poshchair Medical Limited, Pride Mobility Products Corp., Prism Medical, RCN Medical and Rehabilitation GmbH, Sunrise Medical (US) LLC., Ortho XXI, K Care Healthcare Equipment, GF HEALTH PRODUCTS, INC., Juvo Solutions, Spectra Care Group, and others.
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