The North America Bathroom And Toilet Assist Devices Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
The primary drivers anticipated to drive the market are the rise in chronic illnesses and the aging and disabled populations. Further predicted growth drivers include the rising incidence of age-related diseases like dementia, Alzheimer's, and osteoporosis. The use of bathroom and toilet assist devices is anticipated to rise in the upcoming years due to their increased adaptability, mobility, flexibility, and reduced demand for caretakers. Additionally, the government's numerous efforts to meet the needs of individuals with disabilities and favorable reimbursement circumstances are anticipated to fuel product demand.
It is observed that target diseases, such as osteoporosis and rheumatoid arthritis, are more likely to emerge in older people. For example, the Arthritis Society reports that approximately 6 million Canadians (1 in 5 adults) already have arthritis. That figure is expected to increase to 9 million by 2040 (1 in 5 today will become 1 in 4). Additionally, the senior population is more prone to chronic illnesses, including diabetes, cardiovascular problems, and other lifestyle-related issues. The market will increase due to rapid urbanization, changing lifestyles, and rising disposable income levels in developing and developed nations.
A significant rise in the elderly population in Canada and the US will significantly impact home care and health services in this region. For example, the 2021 American Community Survey predicted 55,892,014 people aged 65 and older in the U.S. out of a total population of 331,893,745, or 16.8%, according to statistics from the Census Bureau updated in May 2023. Additionally, between 2016 and 2021, the number of Canadians aged 85 and older increased by 12%, more than twice as fast as the country's entire population. It is anticipated that the rising number of arthritis cases and the aging population in the region will increase demand for products like shower chairs and commodes, thus leading to market growth.
The US market dominated the North America 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 $2,003.8 million by 2030. The Canada market is estimated to witness a CAGR of 7.8% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 6.9% 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 U.S., Mexico, Canada, and Rest of North America.
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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