The disabled & elderly assistive technologies constitute rehabilitative devices that provide additional accessibility to individuals with cognitive difficulties, impairments, and disabilities. These assistive technologies help disabled & geriatric patients to improve quality of life, health outcomes, offer solutions for independent living, and reduce healthcare costs. The global disabled & elderly assistive technologies market was valued at $22,466 million in 2016, and is anticipated to reach at $37,610 million by 2023, registering a CAGR of 7.8% from 2017 to 2023.
The global disabled & elderly assistive technologies market is driven by rise in geriatric & disabled population, lifestyle changes, availability of disabled & elderly assistive products, and increase in demand for assistive technologies due to the growth in trend of independent lifestyle. Furthermore, growth in number of assistive devices manufacturers investing in the R&D activities of these technologies fuels the market growth. However, high cost of few sophisticated products, low level of acceptance for few products, and low reimbursement from medical insurers restrain the market growth. Conversely, increase in proactiveness of people and rise in health consciousness among people are anticipated to provide lucrative growth opportunities for the market growth.
The global disabled & elderly assistive technologies market is segmented based on product, end user, and region On the basis of product type, it is categorized into mobility assistance aids (wheelchairs, mobility scooters, crutches and 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 classified into hospitals, elderly nursing homes, home care, and others.
Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest share in the market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to presence of substantial number of manufacturers for assistive technologies. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the rapid development in healthcare infrastructure, rise in medical tourism, and growth in health awareness among middle-class population.
The key players operating in the market are seeking opportunity to enter the industry. Moreover, new players moving into healthcare are interdisciplinary and contribute by expanding expertise range, leveraging diversification, and augmenting production scale by providing the necessary capital.
KEY MARKET BENEFITS:
The study provides an in-depth analysis of the global disabled & elderly assistive technologies market along with the current trends and future estimations to elucidate the imminent investment pockets.
The report presents quantitative analysis of the market from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market based on product assists to understand the trends in the industry.
Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
By Product
Mobility Assistance Aids
Wheelchairs
Mobility Scooters
Crutches and Canes
Patient Mechanical Lift Handling
Walkers & Rollators
Others
Assistive Furniture
Medical Beds
Riser Reclining Chairs
Railings & Bar
Door Openers
Others
Bathroom Safety & Assistive Products
Commode Chairs
Shower Chairs
Ostomy Products
Others
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
Others
By End User
Hospitals
Elderly Nursing Homes
Home Care
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA
KEY PLAYERS PROFILED
Sunrise Medical LLC.
GN ReSound Group
Sonova Holding AG
Starkey Hearing Technologies
William Demant Holding A/S
Drive Medical Design and Manufacturing
Ai Squared
Wintriss Engineering Corporation
Invacare Corporation
Siemens Ltd.
The other players in the value chain include (profiles not included in the report)
Bausch & Lomb, Inc.
Inclusive Technology Ltd.
Liberator Ltd.
Tobii Dynavox
JABBLA B.V.B.A.
Blue Chip Medical Products, Inc.
Permobil AB
Medline Industries, Inc.
Whirlpool Corporation