Market Overview:
The global elder care and senior safety devices market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing geriatric population, rising awareness about elder care and safety devices, and technological advancements in the field of elder care and senior safety devices. The global elder care and senior safety devices market can be segmented by type, application, and region. By type, the market can be divided into stove alerts, security systems, medical alerts, automatic pill dispensers, and other types of elderly care products. Security systems are expected to witness the highest growth during the forecast period owing to their ability to provide enhanced security for seniors living alone or in nursing homes. By application, the market can be classified into nursing homes households other applications such as hospitals & clinics etc.). Nursing homes are anticipated to account for a major share of the global elder care and senior safety devices market due high prevalence of elderly people requiring assistance with their day-to-day activities .Geographically ,the global Elder Care And Senior Safety Devices Market is segmented into North America Latin America Europe Asia Pacific Middle East & Africa).
Product Definition:
Elder care is the provision of assistance to elderly people who are unable to take care of themselves due to illness, frailty, or disability. Senior safety devices are tools used in elder care that help keep seniors safe from harm. They may include items like fall detectors, medication reminders, and emergency response systems. The importance of elder care and senior safety devices lies in the fact that they can help seniors stay healthy and safe while living independently.
Stove Alert:
Stove alert is a type of medical alert system used in the elderly care and senior safety devices market. It’s an electronic device that alerts caregivers when a person with Alzheimer's, dementia or other forms of mental impairment wanders away from their stove or kitchen area. The stove alert can be either worn around the neck like a pendant or placed on the kitchen table to sound an alarm when needed.
The global Elder Care.
Security System:
Security system is a group of devices or systems designed to provide protection and safety to people, property, and institutions. It includes surveillance cameras, security door opening sensors, motion detectors etc. The Elder Care & Senior Safety Devices market has witnessed significant growth over the past few years due to growing geriatric population base across the globe coupled with rising awareness regarding personal safety among them.
Application Insights:
Based on application, the market is segmented into a household, healthcare facility and other. The household segment dominated the overall market in terms of revenue in 2017. This can be attributed to rising geriatric population and increasing number of single-parent households where older adults live alone. Furthermore, an increase in life expectancy among seniors has also created a huge demand for safety devices across households globally.
The need for security systems at senior citizen¢â‚¬â„¢s residences has increased due to growing crime rates against elderly people around the world including home invasion robberies, physical attacks and burglaries that often lead to financial losses among aging families resulting in high demand for safety devices globally which is further driving the growth of this segment at global level over next few years.
Regional Analysis:
North America dominated the global elder care and safety devices market in 2017. The presence of a large geriatric population base, increased awareness about security systems for senior citizens, and technological advancements are some of the factors responsible for its dominance. According to the U.S Census Bureau's Current Population Report (CPR), there were 78 million people aged 65 years and older in 2016 in America accounting for 15% of the total population while estimates vary from 11-17% depending on which source is consulted.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.6 billion by 2020. This growth is primarily attributed to the increase in life expectancy and the decline in fertility rates across the world.
- Rising awareness about senior safety devices: There has been a rise in awareness about senior safety devices in recent years, owing to which their demand is increasing rapidly. Manufacturers are focusing on launching innovative products that can cater to the specific needs of seniors, which is aiding the growth of this market significantly.
- Growing demand for home-based care: A majority of seniors prefer receiving care at home instead of being admitted into a nursing home or hospital setting due to various reasons such as cost and comfort considerations among others Home-based care helps keep seniors healthy and independent for longer periods of time, thereby driving market growth significantly over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Elder Care and Senior Safety Devices Market Research Report
By Type
Stove Alert, Security System, Medical Alert, Automatic Pill Dispensers, Other
By Application
Nursing Home, Household, Other
By Companies
Philips, Smart X Lab, Essence Group, Wallflower Labs, iGuardStove, BRK Brands(First Alert), BurnerAlert, Canary Connect, Bay Alarm Medical, PharmAdva(MedaCube), Philips, Hero Health, DUSUN Electron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Elder Care and Senior Safety Devices Market Report Segments:
The global Elder Care and Senior Safety Devices market is segmented on the basis of:
Types
Stove Alert, Security System, Medical Alert, Automatic Pill Dispensers, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nursing Home, Household, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips
- Smart X Lab
- Essence Group
- Wallflower Labs
- iGuardStove
- BRK Brands(First Alert)
- BurnerAlert
- Canary Connect
- Bay Alarm Medical
- PharmAdva(MedaCube)
- Philips
- Hero Health
- DUSUN Electron
Highlights of The Elder Care and Senior Safety Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stove Alert
- Security System
- Medical Alert
- Automatic Pill Dispensers
- Other
- By Application:
- Nursing Home
- Household
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elder Care and Senior Safety Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elder care is the process of providing assistance and support to an elderly person or someone who is considered to be a senior. Senior safety devices are devices that can help protect seniors from accidents, injuries, and other dangers.
Some of the key players operating in the elder care and senior safety devices market are Philips, Smart X Lab, Essence Group, Wallflower Labs, iGuardStove, BRK Brands(First Alert), BurnerAlert, Canary Connect, Bay Alarm Medical, PharmAdva(MedaCube), Philips, Hero Health, DUSUN Electron.
The elder care and senior safety devices market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elder Care and Senior Safety Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elder Care and Senior Safety Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elder Care and Senior Safety Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elder Care and Senior Safety Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elder Care and Senior Safety Devices Market Size & Forecast, 2018-2028
4.5.1 Elder Care and Senior Safety Devices Market Size and Y-o-Y Growth
4.5.2 Elder Care and Senior Safety Devices Market Absolute $ Opportunity
Chapter 5 Global Elder Care and Senior Safety Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elder Care and Senior Safety Devices Market Size Forecast by Type
5.2.1 Stove Alert
5.2.2 Security System
5.2.3 Medical Alert
5.2.4 Automatic Pill Dispensers
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elder Care and Senior Safety Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elder Care and Senior Safety Devices Market Size Forecast by Applications
6.2.1 Nursing Home
6.2.2 Household
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elder Care and Senior Safety Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elder Care and Senior Safety Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elder Care and Senior Safety Devices Analysis and Forecast
9.1 Introduction
9.2 North America Elder Care and Senior Safety Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elder Care and Senior Safety Devices Market Size Forecast by Type
9.6.1 Stove Alert
9.6.2 Security System
9.6.3 Medical Alert
9.6.4 Automatic Pill Dispensers
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elder Care and Senior Safety Devices Market Size Forecast by Applications
9.10.1 Nursing Home
9.10.2 Household
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elder Care and Senior Safety Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Elder Care and Senior Safety Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elder Care and Senior Safety Devices Market Size Forecast by Type
10.6.1 Stove Alert
10.6.2 Security System
10.6.3 Medical Alert
10.6.4 Automatic Pill Dispensers
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elder Care and Senior Safety Devices Market Size Forecast by Applications
10.10.1 Nursing Home
10.10.2 Household
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elder Care and Senior Safety Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elder Care and Senior Safety Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elder Care and Senior Safety Devices Market Size Forecast by Type
11.6.1 Stove Alert
11.6.2 Security System
11.6.3 Medical Alert
11.6.4 Automatic Pill Dispensers
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elder Care and Senior Safety Devices Market Size Forecast by Applications
11.10.1 Nursing Home
11.10.2 Household
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elder Care and Senior Safety Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Elder Care and Senior Safety Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elder Care and Senior Safety Devices Market Size Forecast by Type
12.6.1 Stove Alert
12.6.2 Security System
12.6.3 Medical Alert
12.6.4 Automatic Pill Dispensers
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elder Care and Senior Safety Devices Market Size Forecast by Applications
12.10.1 Nursing Home
12.10.2 Household
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elder Care and Senior Safety Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elder Care and Senior Safety Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elder Care and Senior Safety Devices Market Size Forecast by Type
13.6.1 Stove Alert
13.6.2 Security System
13.6.3 Medical Alert
13.6.4 Automatic Pill Dispensers
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elder Care and Senior Safety Devices Market Size Forecast by Applications
13.10.1 Nursing Home
13.10.2 Household
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elder Care and Senior Safety Devices Market: Competitive Dashboard
14.2 Global Elder Care and Senior Safety Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 Smart X Lab
14.3.3 Essence Group
14.3.4 Wallflower Labs
14.3.5 iGuardStove
14.3.6 BRK Brands(First Alert)
14.3.7 BurnerAlert
14.3.8 Canary Connect
14.3.9 Bay Alarm Medical
14.3.10 PharmAdva(MedaCube)
14.3.11 Philips
14.3.12 Hero Health
14.3.13 DUSUN Electron
