Product Code: ETC363449 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines elderly & disabled assistive devices market was valued at USD 95 million in 2025 and is expected to reach around USD 135 million by the estimated years, registering a CAGR of 6. 7% during the forecast period. This growth can be attributed to increasing geriatric population along with rising prevalence of chronic illnesses such as arthritis, diabetes etc., which leads to disabilities among individuals leading them incapable for undertaking daily activities without any assistance from external sources or family members; hence they need assistive products like mobility aids and others which can help them perform everyday tasks without any dependence on others thus driving its demand across all age groups in particular amongst senior citizens leading to an increase in revenue generation opportunities within this sector over the coming years.
The market for elderly and disabled assistive devices could experience growth due to the rising elderly population and a growing awareness of the need to enhance the quality of life for individuals with disabilities. Technological advancements in assistive devices and a focus on inclusive and accessible healthcare might drive demand for these products.
The market for elderly and disabled assistive devices in the Philippines faces several challenges in enhancing the quality of life for these populations. Economic limitations, aggravated by the pandemic, could hinder affordability and accessibility to such devices, preventing those in need from benefiting. Infrastructure challenges might also hinder the use of assistive devices in public spaces and homes, limiting their efficacy. There could be regulatory and standards-related hurdles to ensure the safety and effectiveness of these devices. Furthermore, raising awareness about the availability and benefits of assistive devices among the elderly and disabled communities is a challenge.
The COVID-19 pandemic heightened concerns for the vulnerable population, including the elderly and disabled. While the pandemic posed challenges such as disrupted supply chains and reduced healthcare access, it also highlighted the importance of assistive devices in ensuring the well-being of these individuals. The market`s growth might have been somewhat restrained due to pandemic-related economic uncertainties, but the long-term demand for assistive devices is expected to remain strong as healthcare and accessibility considerations continue to be prioritized.
Handicap International Philippines, Assistive Devices Unit - Philippine General Hospital, and Ortigas Home Depot. These are some major players operating in the market.