Disabled and Elderly Assistive Technologies Market by Share, Current Trends and Research Development Report to 2030

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The Global Disabled and Elderly Assistive Technologies Market size is estimated to be USD 28.96 billion in 2019 and is predicted to reach USD 49.01 billion by 2030 with a CAGR of 4.9% from 2020-2030.

The Global Disabled and Elderly Assistive Technologies Market size is estimated to be USD 28.96 billion in 2019 and is predicted to reach USD 49.01 billion by 2030 with a CAGR of 4.9% from 2020-2030.

Disabled & elderly assistive technology consists of devices used to maintain or improve functioning of an individual. Such devices are helpful in case of impairments or secondary health conditions. All devices have specific applications such as walker is used to improve mobility; an amplification device is used to make sounds easier to hear and various others. Assistive technology helps the disabled & elderly be more independent by making it easier for them to get around and perform simple activities of daily living on their own.

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Top Companies: Blue Chip Medical Products, Inc., Inclusive Technology Ltd., Liberator Ltd., Permobil AB, Exact Dynamics B.V., Tobii Dynavox, Jabbla B.V.B.A., Bausch & Lomb, Inc., Medline Industries, Inc., Whirlpool Corporation and others.

Disabled & elderly assistive technologiesmarket report is segmented on the basis of product, end user and geography. Based on product type, it is classified into mobility assistance aids (wheelchairs, mobility scooters, crutches & canes, patient mechanical lift handling, walkers &rollators, and others), assistive furniture (medical beds, riser reclining chairs, railings & bar, door openers, and others), bathroom safety & assistive products (commode chairs, shower chairs, ostomy products, and others), and communication aids (speech & writing therapy devices, hearing aids {canal hearing aids, receiver-in-the-ear (RITE) aids, cochlear implants, behind-the-ear (BTE) aids, bone anchored hearing aids (BAHA), and in-the-ear (ITE) aids}, and vision & reading aids {reading machines, video magnifiers, braille translators, and others}). Based on end user, the market is categorized into hospitals, elderly nursing homes, homecare, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

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The constant upsurge in disabled & elderly population is estimated to boost the market growth. Other factors such as government initiatives and various subsidies to support device accessibility, rising investments for R&D are also propelling the market growth. However, high cost and low acceptance rate on limited products might restrain the market growth. Consequently, the rising trend of independent lifestyle and increasing awareness for better health conditions are anticipated to provide ample of opportunities for market growth.

The rise in disposable income along with technological advancements in North America, represent the higher adoption of disabled & elderly assistive technologies market. Asia – Pacific market is expected to grow due to the increasing government initiatives, growing awareness about assistive device benefits and constantly increasing elderly population.

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Submitted: October 26, 2020

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