Disabled and Elderly Assistive Technologies Markets - Global Opportunity Analysis and Industry Forecast, 2019-2020 & 2030 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 11, 2021--
The “Disabled and Elderly Assistive Technologies Market by Product, and End User - Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering.
The Global Disabled & 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 includes devices that are used to maintain or improve an individual’s functioning and enhance their overall well-being. Such devices are useful in case of any impairments and secondary health conditions. These include walkers that improve mobility, amplification devices that make sound easier to hear and many others. Assistive technologies help 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.
Market Dynamics and Trends
Disabled & elderly assistive technologies market is immensely driven by rising disabled & elderly population around the world. According to United Nations, the global population aged 80 years or over is projected to triple between 2017 and 2050, increasing from 137 million to 425 million, which will primarily drive the market growth.
Provision of government subsidies to support device accessibility and rising investments from private bodies further drives disabled & elderly assistive technologies market growth. For instance, in September 2020, WHO developed a Priority Assistive Products List (APL) to assist member states in planning policies and programs related to the provision of assistive devices.
However, high product pricing and low acceptance rate for few products might hamper the market growth. Furthermore, the rising trend of independent lifestyle and rising awareness for better health conditions are anticipated to provide ample of opportunities for disabled & elderly assistive technologies market growth.
North America represents higher adoption of disabled & elderly assistive technologies because of its rising disposable income and provision of reimbursement by the government to encourage purchases. The market of Asia-Pacific is also estimated to show sustained growth due to the rising government support and upsurge in geriatric population. Also, improving healthcare infrastructure and rising awareness regarding application & availability of assistive devices will further boost the market growth.
The global disabled & elderly assistive technologies market is highly competitive and consists of numerous market players. Some of the major market players are Ai Squared, Siemens Ltd., Invacare Corporation, Widex Ltd., Sunrise Medical LLC., Sonova Holding AG, GN ReSound Group, Starkey Hearing Technologies, William Demant Holding A/S, Drive Medical Design and Manufacturing, and others.
There have been various developments taking place in the market that further enhance the growth of disabled & elderly assistive technologies market on a large scale. For instance, In March 2019, Sunrise Medical LLC launched of Education in Motion (EIM), a go-to online resource for clinicians, assistive technology professionals (ATPs), and others involved in the profession of seating and wheeled mobility equipment.
Also, in October 2020, Permobil AB launched ROHO Hybrid Select cushion. This device is an amalgamation of foam and air technology with optional offloading to benefit wheelchair users.
Key Market Segments:
- Mobility Assistance Aids
- Mobility Scooters
- Crutches & Canes
- Patient Mechanical Lift Handling
- Walkers & Rollators
- Assistive Furniture
- Medical Beds
- Riser Reclining Chairs
- Railings & Bar
- Door Openers
- Bathroom Safety & Assistive Products
- Commodes Chairs
- Shower Chairs
- Ostomy Products
- 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)
- In-the-Ear (ITE) Aids
- Vision & Reading Aids
- Reading Machines
- Video Magnifiers
- Braille Translators
By End user
- Elderly Nursing Home
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- South Africa
- Remaining Countries
- Ai Squared
- Drive Medical Design and Manufacturing
- GN ReSound Group
- Invacare Corporation
- Sunrise Medical LLC.
- Sonova Holding AG
- Starkey Hearing Technologies
- Siemens Ltd.
- William Demant Holding A/S
- Wintriss Engineering Corporation
For more information about this report visit https://www.researchandmarkets.com/r/izdvyq
View source version on businesswire.com:https://www.businesswire.com/news/home/20210111005859/en/
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SOURCE: Research and Markets
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PUB: 01/11/2021 12:10 PM/DISC: 01/11/2021 12:11 PM