Overview of the Global Disability and Elderly Assistive Technology Market to 2030 – Featuring Drive Medical, Invacare, and Sonova Holding, among others – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – The report “Assistive Technology for Disabled and Elderly People Market by Product and End User – Global Opportunity Analysis and Industry Forecast, 2021-2030” has been added to ResearchAndMarkets.com offer.

The global market size for assistive technology for people with disabilities and the elderly is estimated at USD 25.47 billion in 2020 and is expected to reach USD 49.48 billion by 2030 with a CAGR of 7.17% from 2021- 2030.

Companies mentioned

  • Driving Medical

  • GN ReSound Group

  • Invacare Corporation

  • Sunrise Medical LLC.

  • Sonova Holding SA

  • Starkey hearing technologies

  • AI squared

  • WS Audiology

  • Pride Mobility Products Corporation

Assistive technology can also be defined as any article, equipment or product system used to increase, maintain or improve the functional abilities of children, the elderly and people with disabilities. For older people, assistive technology can be a walker to improve mobility or an amplification device that makes sound easier to hear. Assistive technology can provide these people with more independence by enabling them to move around more easily, perform simple activities of daily living and age in place.

According to the report, the elderly assistive technology market has grown steadily due to the increase in the population of disabled and elderly people. Other factors such as government grants to support the accessibility of devices and increased investment from major market players are also driving this market growth. However, the high price and low acceptance rate of some products could hamper the growth of the market. In addition, the increasing trend towards independent lifestyle and the growing awareness of better health conditions are expected to provide lucrative opportunities for market growth.

The global disability and elderly assistive technology market share has been analyzed based on product, end user and geography. Based on product type, the Disabled and Elderly Assistive Technology market is categorized into Mobility Aids (Wheelchairs, Mobility Scooters, Crutches & Canes, Mechanical Elevator Handling, Walkers & Walkers, etc.), assistive furniture (medical beds, elevated reclining chairs, railings and bars, door openers and others), bathroom safety and assistance products (reclining chairs, shower chairs, ostomy and others) and communication aids (speech therapy and writing devices, hearing aids {root canal hearing aids, ear prostheses (RITE), cochlear implants, behind-the-ear prostheses (BTE), bone-anchored hearing aids (BAHA) and in-ear prostheses (ITE)}, and vision and reading aids {reading machines, video magnifiers, braille translators and others}). Based on end user, the Disability and Elderly Assistive Technology market is categorized into Hospitals, Elderly Nursing Homes, Home Care, and Others. The geographic breakdown and analysis for each of the previously mentioned segments include regions including North America, Europe, Asia Pacific, and Rest of the World.

North America holds the highest market size and share in the Assistive Technology for Disabled and Elderly market during the forecast period, owing to its increase in its disposable income, technological advancements and government reimbursements. In addition, the Asia-Pacific market is also expected to hold up due to the increase in the elderly population and government support to raise awareness of the use of assistive devices.

Main topics covered:

1. Introduction

2. Market for Assistive Technology for People with Disabilities and the Elderly – Executive Summary

2.1. Market Snapshot, 2019 – 2030, USD Million

3. Analysis of Porter’s five forces model

3.1. Bargaining power of suppliers

3.2. The bargaining power of buyers

3.3. Degree of competition

3.4. Threat of substitute

3.5. The threat of new participants

4. Market overview

4.1. Definition and scope of the market

4.2. Market dynamics

5. Global Assistive Technology for People with Disabilities and Elderly Market, by Product

5.1. Overview

5.2. Mobility aids

5.3. Assistance furniture

5.4. Bathroom safety and assistance products

5.5. Communication aids

6. Global market for assistive technology for people with disabilities and older people, by end user

6.1. Overview

6.2. Home Care

6.3. Hospitals

6.4. Nursing homes

6.5. Others

7. Global market for assistive technology for people with disabilities and older people, by region

7.1. Overview

7.2. North America

7.3. Europe

7.4. Asia Pacific

7.5. Rest of the world

8. Company profile

For more information on this report, visit https://www.researchandmarkets.com/r/rgwmm0

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