Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Portable Orthopaedic Toilet Market Overview
Portable orthopaedic toilet refers to the toilets which are senior friendly and it’s an ideal product for bed ridden. Furthermore this product enables senior citizens to get up and sit down on their own arm strength. The increasing popularity and demand for portable toilet is one of the major factors driving this market’s growth over the past one year.
Market Size and Forecast
Global portable orthopaedic toilet market is anticipated to grow at a considerable CAGR over the forecast period, i.e. 2017-2024. Further, the global portable orthopaedic toilet market is likely to expand on the basis of strong growth in healthcare sector in developing nations.
In the regional market, North America is anticipated to dominate the overall market of portable orthopaedic toilets during the forecast period. The constantly rising geriatric population is primarily driving the growth of the market since people aged above 65 years are at a high risk of developing degenerative disc disease & low bone density. The Asia-Pacific region is expected to register the highest growth during the forecast period mainly due to rising investment in healthcare and growing awareness in this region, especially in countries such as China and Japan. Rise in the spending on medical treatment and growing healthcare infrastructure is predicted to trigger the growth of the orthopaedic patients which may increase the market of portable orthopaedic toilets in the next few years.
Moreover, Europe portable orthopaedic toilet market is expected to witness substantial growth over the forecast period.CLICK TO DOWNLOAD FREE SAMPLE
Based on product type, portable orthopaedic toilet market is segmented into commode chairs, folding commodes, non-folding commodes and commode toilet chairs with wheelchairs, out of which commode chairs is expected to dominate the overall portable orthopaedic toilet market during the forecast period.
Market Segmentation
Our in-depth analysis has segmented global portable orthopaedic toilet market into the following segments:
By Product Type
By Price
By Usage
By Distribution Channel
By Region
The global portable orthopaedic toilet market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Increasing prevalence of orthopaedic penetration across the globe is anticipated to intensify the growth of the global portable orthopaedic toilet market. Further, rapid growth in ageing population in various developed nations is anticipated to positively impact the demand for portable orthopaedic toilet during the forecast period. Besides this, increasing healthcare expenditure and rising per capita income of the population is anticipated to positively impact the growth of the global portable orthopaedic toilet market. According to centers for medicare & medicaid services (CMS) and private data analysis organizations over 7 million people from U.S. required hospitalization for orthopaedic conditions over the past one year.
Moreover, development of toilet is offering profitable opportunities for the growth of the global portable orthopaedic toilet market. Although the number of regional vendors that offer low-cost products is higher, a large number of small but successful companies are also present in the market.
Further, the subsidizing of medicare and new government and state-supported projects will remain the main thrust behind setting reimbursements and financing of healthcare insurance. A gradual shift toward high-quality products is also expected to drive market growth in developing countries such as China.
However, lack of awareness and the less use of ordinary portable toilets products prevailing in both rural and urban areas are restricting the manufacturers to enter into production of portable orthopaedic toilet products thus damping the growth of market.
Key Players
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global portable orthopaedic toilet market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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