Vancouver, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) -- The global elder care services & assistive devices market is projected to be valued at USD 1,020.00 Billion by 2027, according to a current analysis by Emergen Research. Elder care services and assistive devices are witnessing high demand, due to diversified requirements and preferences of elders. Not all elders are alike, especially in the use of technology intended for elder care services and assistive devices at an independent level. Baby boomers and younger elders (people aged between 60 and 70 years) are better adept to technology.
In contrast, less tech-savvy elders face substantial health issues and need specialty nursing homes or home care help. An active and independent young elder is capable of comfortably booking and taking an Uber ride and ordering goods on Instacart. In contrast, elders above 80 years of age require attendants to look after them and their needs.
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Increased investments in R&D activities for elder care services and assistive devices is a significant factor driving the market. Several research centers, as well as leading players in the global elder care services & assistive devices market, are emphasizing innovations to provide greater convenience and better care to the elderly. For instance, the Technology Research for Independent Living Center in Ireland focuses on developing technologies in collaboration with eminent players in the technology sector to keep elders engaged in their groups.
Key Highlights of Report
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Emergen Research has segmented the global elder care services & assistive devices market in terms of offering, end-user, and region:
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