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| A07732 | Pages: NA | Aug 2021 | 890 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Senior Living Home Products Market
Request Now !When there is a senior resident at home, it becomes important to put an additional attempt to guarantee that their day to day needs are taken care of. With aging, comes a decrease in physical and mental capacities, so it is important that senior residents feel ease and comfortable at their home. There are gadgets, devices, appliances, and support systems in the market, which are equipped with advanced technology that helps them to do their daily task with ease and independence. These products are made to make their lives easy on daily basis.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($US) |
Segments covered | Type, Application, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
Companies covered | Brookdale Senior Living Solutions, Erickson Living, Holiday Retirement, Life Care Services, Five Star Senior Living, Sunrise Senior Living, Atria Senior Living, Senior Lifestyle, Capital Senior Living, Affinity Living Group, Enlivant, Home Instead, Sompo Holdin |
With age, a few health difficulties also increase. Also, immunity decreases, making seniors increasingly suspectable to serious ailments like Corona. This is because of the infection fighting cells, also called WBC (white platelets) lessen with age. The cells likewise lose their capacity of recognizing pathogens – making it simpler for infections like corona virus to cause more harm. The pandemic has kicked the entryway for receiving innovation in senior living home products. Telehealth arrangements and inhabitant commitment/specialized devices are among the most looked for items, and senior care centered tech firms are seeing more interest during the emergency than they've received in years.
The ascent in the maturing populace builds the potential for old individuals to opt for senior living home products. The elderly people are prone to risk with chronic diseases such as cardiovascular disease, cancer, joint pain, dementia, diabetes, and hypertension. This is expected to drive the growth of the market. Nowadays, elderly people who are 55 and above of age are more inclined toward leasing model rather than buying model. Therefore, leasing model will be an important part in this market segment. With the advancement in technology, more advanced products are entering into market that are not just aiding safety and monitoring health but also reducing the distance between senior members and their children.
Seniority is a startup that Tapan Mishra and Ayush Agrwal had established. They recognized that every business in various verticals are mostly focusing on the needs of the youth but are failing to understand the needs of the senior citizens of the society. This need was identified by them where they offer products which made to cater the senior needs related to lifestyle, health, and safety.
Simple everyday tasks become challenge for the elderly people due to their weakness and other health conditions that occur with age. Products of senior living home products aids them to live a healthy and active life independently. There are various aids that these products give to the senior members of the family. Some of them are mobility aids, bathroom aids, physio and ortho, leisure and smart living. Tech savvy solutions offered by business of this market makes life easy for the seniors.
Key Segments Covered:
Segments | Sub-segments |
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Key Benefits of the Report:
Questions Answered in the Senior Living home Products Market Research Report:
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