The Asia Pacific Bathroom And Toilet Assist Devices Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030).
Due to an increase in the number of disabled patients and persons who struggle with movement due to obesity, aging, arthritis, and other health conditions, the need for these devices is anticipated to increase in developing countries. Rapid technical progress and the regular introduction of new, cutting-edge products are other major growth drivers during the projection period. Additionally, rising demand for better patient assistance devices is predicted to fuel the market, along with rising life expectancy.
Also, establishing clear regulatory standards and reimbursement procedures for the care of patients with disabilities is enhancing regional revenue production. Furthermore, aging populations have increased the need for long-term care facilities and senior living communities, increasing demand for handholds and grab bars.
The increased need for handgrips and grab bars is also positively supported by the fact that elderly persons are more prone to falling from the bed, ladder, or bath. Additionally, rising healthcare costs and vendors' increased attention to making user-friendly products are the main factors boosting market expansion. The increased awareness of assistive technology will also have a favorable effect on the market's growth pace.
According to the data published in 2019 by National Library of Medicine, in 2017 there were 27.7% more people over 65 than there were in Japan as an entirety. China has one of the world's fastest-growing elderly populations, according to the World Health Organization. Due to rising life expectancy and falling birth rates, 28% of China's population is expected to be over 60 by 2040. In 2019 there were 176 million older individuals who were 65 years of age or older and 254 million persons who were 60 years of age or older. A projected 402 million people will be over 60 by 2040, accounting for about 28% of the world's population. The market is expected to expand due to the region's growing elderly population.
The China market dominated the Asia Pacific Bathroom And Toilet Assist Devices Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $617.8 million by 2030. The Japan market is estimated to grow at a CAGR of 6.3% during (2023 - 2030). Additionally, The India market would register a CAGR of 7.6% during (2023 - 2030).
Based on Product, the market is segmented into Commodes (Shower & Toilet Seat Raisers, and Toilet Commodes), Bath Lifts (Reclining Bath Lifts, Fixed Bath Lifts, and Lying Bath Lifts), Toilet Seat Raisers, Handgrips & Grab Bars, Bath Aids, and Shower Chairs & Stools. Based on End User, the market is segmented into Homecare & Elderly Care, and Hospitals & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Bathroom And Toilet Assist Devices Market is Projected to reach USD 7.6 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Savaria Corporation (Handicare Group AB), Invacare Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), GF Health Products, Inc., Compass Health Brands Corporation (Carex Health Brands), Sunrise Medical, Inc., Arjo AB, Bischoff & Bischoff, Prism Medical UK (Limerston Capital), and Etac AB (Nordstjernan).
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