Disabled and Elderly Assistive Technology Market by Product (Medical Mobility Aids and Ambulatory Devices [Wheelchairs, Scooters, Crutches & Canes, Transfer Lifts, Walkers & Rollators, and Slings], Assistive Furniture [Beds, Riser Reclining Chairs, Railings & Bar, and Door Openers], Bathroom Safety and Assistive Products [Commodes & Shower Chairs, Ostomy Products, and Others], Communication Aids [Speech & Writing Therapy, Hearing Aids, and Vision & Reading Aids], Activity Monitors, Location Monitors, and Others), and by End User (Hospitals and Nursing Homes, Assisted Living Facilities, and Home Care): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Global disabled and elderly assistive technology market expected to generate revenue of around USD 30.82 billion by end of 2024, growing at a CAGR of around 7.40% between 2018 and 2024. Devices which help to overcome impairments, cognitive difficulties, and disabilities in the geriatric & disabled population are provided by the assistive technologies.

30-Aug-2018 | Number of pages: 110 | Report Code: ZMR-3305 | Report Format : | Status : Published

Analysis

Rising technological advancements have significantly revolutionized the disabled and elderly assistive devices market. For instance, with the introduction of powered wheelchairs in the market, the life of patients has eased since it reduces the energy and time required to operate the devices manually. This advancement in technology products is gaining traction among the target population thus increasing the demand for these products in the market. Also, the rising use of cochlear implants has reduced need of wearing hearing aids externally. Additionally, rising government funding and the introduction of technologically advanced products such as powered wheelchairs, portable reading, transfer lift implants, machines and sensor-based door openers are further enhancing the market for disabled and elderly assistive technology market.

The market is widely competitive mainly due to the entry of a number of small and large regional players which are offering low-cost products. This, in turn, is influencing leading players to increase their global presence by applying inorganic and organic strategies. For instance, in September 2016, AudioNova was acquired by Sonova Holding AG. This possession helped Sonova to build up its presence in Europe, by doubling the number of existing retail stores. Similarly, other players in the market are likely to fortify their distribution channels to capitalize on the global elderly and disabled assistive technology market potentials. Likewise, the rise in disabled and geriatric population, the introduction of technologically advanced products, and increasing government funds are further propelling the market growth for elderly and disabled assistive technologies.

Global Disabled Elderly Assistive Technology Market

The market for disabled and elderly assistive technology is segmented based on product type and end user. Based on product type, the market is segmented into medical mobility aids and ambulatory devices, assistive furniture, bathroom safety and assistive products, communication aids, activity monitors, location monitors, and others. The medical mobility aids and ambulatory devices are further segmented into wheelchairs, scooters, crutches and canes, transfer lifts, walkers and rollators and slings. The assistive furniture segment is divided into riser reclining chairs, beds, railings and bar, and door openers. The bathroom safety and assistive products are further segmented into commodes and shower chairs, ostomy products, and others. The communication aids segment is further bifurcated into speech and writing therapy, hearing aids, and vision & reading aids. The end user segment is divided into hospitals and nursing homes, assisted living facilities, and home care.

North America held the largest share of the market for disabled and elderly assistive technology market followed by Europe. The growth in these two regions is mainly attributed to the rising adoption of automated technologies and high disposable income of the population in these regions. However, Asia Pacific is also anticipated to be the fastest growing market in the forecast period owing to the rising government funding for the development of a range of products and the developing healthcare infrastructure in this region. Also, large patient population base and raising awareness about better healthcare is further driving the market growth of disabled and elderly assistive technology in the Asia Pacific.

Some of the leading players in disabled and elderly assistive technology market include GN Resound Group, Drive Medical Design And Manufacturing, Freedom Scientific, Inc., Ai Squared, Blue Chip Medical Products, Inc., Bausch & Lomb, Inc., Permobil AB, Sonova Holding AG, William Demant Holding A/S, and Wintriss Engineering Corporation.


Related Reports

N95 Mask Market by Usage (Reusable and Disposable), and End-Use (Hospitals, Clinics, Ambulatory Surgery Centers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Apr-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5348 | Report Format:

The report covers forecast and analysis for the N95 mask market on a global and regional level. The study provides historic data from 2016to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the N95 mask market along with the...Read More

Tissue Engineering Market by Application (Gynecology, Cell Banking & Cord blood, Dental, Urology, Integumentary & Skin, Cardiology, Neurology, Musculoskeletal, Orthopedics, & Spine, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Mar-2020 | Price : $ 4199.00 | Pages: 126 | Report Code: ZMR-5337 | Report Format:

The report covers forecast and analysis for the tissue engineering market on a global and regional level. The study provides historic data from 2016 to 2019 along with forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the tissue engineering ma...Read More

Robotic Prosthetic Market by Extremity (Upper Body Prosthetics and Lower Body Prosthetics), and Technology (Myoelectric Prosthetics and MPC Prosthetics): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Mar-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5336 | Report Format:

The report covers forecast and analysis for the robotic prosthetic market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the robotic prosthetic ...Read More

Long-Term Care Market by Service (Hospice, Home Healthcare, Assisted Living Facilities, Nursing care, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Mar-2020 | Price : $ 4199.00 | Pages: 126 | Report Code: ZMR-5335 | Report Format:

The report covers forecast and analysis for the long-term care market on a global and regional level. The study provides historic data from 2016 to 2019 along with forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the long-term care market alo...Read More

Leprosy Treatment Market by Drug Class (Antibacterial, Leprostatics, Antitubercular, Others), by Route of Administration (Oral, Injectable, Topical), and Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Drug Stores, and Online Pharmacies) – Global Industry Perspective Comprehensive Analysis and Forecast, 2020-2026

Mar-2020 | Price : $ 4199.00 | Pages: 135 | Report Code: ZMR-5334 | Report Format:

The report covers forecast and analysis for the Leprosy Treatment market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for the Leprosy Treatment ma...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.