AGING POPULATION TO DRIVE REHABILITATION MARKET.LONDON--(BUSINESS WIRE)-- The most important trends affecting the total market for rehabilitation rehabilitation: see physical therapy. support equipment are the increased life expectancy Life Expectancy 1. The age until which a person is expected to live. 2. The remaining number of years an individual is expected to live, based on IRS issued life expectancy tables. of disabled people and the increased wealth of European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. countries which brings with it the means to raise the quality of life for the whole population. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report by international market research publisher Frost & Sullivan, the number of people aged over 60 years is expected to increase from its 1993 level of 65.1 million to reach 75.7 million by 2010. The report estimates the European market for rehabilitation support equipment - including beds, bed accessories, baths, bath accessories, hoists and lifts, specialist equipment and alarms and communication devices - to have been worth $803 million in 1993, and expect it to rise to $1,213.7 million by the end of the study period in 2000. The specialist equipment sector, comprising a wide range of small products which are generally of very low technology levels allowing the disabled to carry out elements of everyday living, dominates the product market, valued at $251.4 million in 1993 and forecast to reach $376.4 million by 2000. This is followed by beds and baths, worth $147.9 million and $122.2 million respectively in 1993. The most substantial growth rate is forecast to take place in the hoist hoist: see winch. and lift sector, expected to rise from its 1993 level of $119.6 million to reach $195.6 million by 2000. As well as offering one of the most advanced healthcare systems, Germany represents the largest national market for rehabilitation support products, with 1993 revenues valued at $242.5 million, predicted to increase to $354.3 million. However, recent reforms in the healthcare sector, which have forced governments to bring in cuts and restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , have dampened optimism for growth after spiralling health and social care costs. Ranking second in terms of national markets is France, valued at $149.7 million in 1993, followed by Italy, standing at $122.2 million in the same year. In most European countries, the purchasing of equipment for the disabled is now the responsibility of local health authorities, which has changed the focus and nature of competition and market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" . Frost & Sullivan continues: "Increasingly, governments are encouraging the care of elderly and disabled people, who previously would have been institutionalised Adj. 1. institutionalised - officially placed in or committed to a specialized institution; "had hopes of rehabilitating the institutionalized juvenile delinquents" institutionalized 2. , with the public community." "This has had the effect of increasing the size of the 'homecare' products market, mainly at the expense of the 'attendant assisted' products market." Technology levels within the rehabilitation support products market, which is relatively mature with fairly standard products and manufacturing methods, have traditionally been markedly low. Indeed, many products are mechanical which suits the end user who often requires a simple system for a simple purpose. The only sector where technology plays a major role is within the alarm and communication device sector - including high-tech products which depend on processor chips, allowing disabled people to communicate effectively - which was estimated to have been worth $120.1 million in 1993. In terms of suppliers to the market, Arjo Hospital Equipment AB from Sweden, Meyra and Blanco Blanco (meaning the color white in Spanish) is an adjective often used in Spanish surnames. Below is a list of famous people and places associated with the word. from Germany are the only large multi- national companies prominent in Europe. They are the largest competitors in many countries and feature in the top four players throughout most of Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Code: 1977-54 Publication Date: 1995 Price: $3800 CONTACT: For further information please contact: Kristina Menzefricke Amy Arnell Nadge Keryhuel London Mountain View Paris 44 171 730 3438 (415) 961-9000 33 1 4742 9127 44 171 730 3343(fax) (415) 961-5042 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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