Global Disabled and Elderly Assistive Technology Market Size, Share, Growth Analysis Report - Forecast 2034

Disabled and Elderly Assistive Technology Market Size

The global disabled and elderly assistive technology market size was worth around USD 27.41 Billion in 2024 and is predicted to grow to around USD 128.45 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 18.7% between 2025 and 2034.

The report analyzes the global disabled and elderly assistive technology market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the disabled and elderly assistive technology industry.

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Disabled and Elderly Assistive Technology Market: Overview

Assistive technologies for handicapped and elderly people refer to the use of gadgets and software to help disabled and elderly people reduce their reliance on caregivers and improve lives of people. Devices and technology solutions are examples of assistive technologies. Conventional impairment gadgets including hearing aids, wheel chairs, and vision aids, as well as sophisticated solutions that help handicapped people live more positive lives by giving them greater control, security, and social involvement, are examples of gadgets.

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.

Key Insights

• As per the analysis shared by our research analyst, the global disabled and elderly assistive technology market is estimated to grow annually at a CAGR of around 18.7% over the forecast period (2025-2034).
• Regarding revenue, the global disabled and elderly assistive technology market size was valued at around USD 27.41 Billion in 2024 and is projected to reach USD 128.45 Billion by 2034.
• The disabled and elderly assistive technology market is projected to grow at a significant rate due to rising prevalence of disabilities, technological advancements in mobility and communication aids, and increasing government support for inclusive healthcare solutions.
• Based on Product, the Mobility Assistance Aids segment is expected to lead the global market.
• On the basis of End-Users, the Hospitals segment is growing at a high rate and will continue to dominate the global market.
• Based on region, North America is predicted to dominate the global market during the forecast period.

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Disabled and Elderly Assistive Technology Market: Growth Drivers

Evolution of assistive technologies and increases awareness to drive market growth

The rising awareness among the general public about the benefits that these products offer such as improved safety, increased independence, and more comfortable life is a growth factor for this market. The availability of various types of assistive devices in different applications (hospitals, nursing homes) has also led to increasing demand for these products globally which will be another positive driving force over the forecast period. The growth of the market can be attributed to an increasingly aging population, higher prevalence of disabilities among seniors as well as rising number of accidents.

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 past years, 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.

Disabled and Elderly Assistive Technology Market: Restraints

Low reimbursement from medical insurers restrains the growth of market

Insurance companies provide medical insurance, but these do not include reimbursement for assistive devices. In case of an accident, or adult imparity, the temporary medical expenses are provided by the companies. But the main expense occurs in the aftermath that includes the regular use of assistive devices. This causes financial constraints for patients, and thus several potential customers do not invest in such devices causing an obstacle for the growth of the disabled and elderly assistive technology market.

Disabled and Elderly Assistive Technology Market: Opportunities 

Growth of independent lifestyle to provide opportunities for market growth

The international demand for disabled and elderly assistive technologies is driven by an increase in the number of the elderly population & disabled people, changes in lifestyle, the availability of disabled & elderly assistive products, and a rising demand for assistive devices due to the growing trend of living independently. Furthermore, R&D operations for these technologies are increasing continuously. People have increased awareness and increased value for improved medical conditions, which are expected to give profitable growth prospects for the industry.

Disabled and Elderly Assistive Technology Market: Challenges

Costly assistive technology to pose major challenges for market expansion

The rising price of medical devices along with the surging low compensation from medical insurers are the key points likely to challenge the expansion of the global market during the forecast period.

Disabled and Elderly Assistive Technology Market: Segmentation Analysis

The global market is divided on the basis of technology, end-user, and region.

Based on the product type, the global elderly and disabled assistive technology market is divided into mobility assistance aids, assistive furniture, bathroom safety & assistive products, communication aids, and others. Mobility assistance aids segment dominated the market in 2021 and expected to remain dominant over the forecast period

Based on end-user, the market is categorized into hospitals, adult daycare centers, individuals & others. Hospitals have a significant market share due to the increasing number of patients.

Disabled and Elderly Assistive Technology Market: Report Scope

Recent Developments:

• In September 2016, a Netherlands-located hearing aid producer, AudioNova, was acquired by Sonova Holding AG. This purchase assisted Sonova to reinforce its mark in Europe, by increasing the number of retail stores by twofold.
• In November 2019, an innovative Senior Care technology for the inhabitants at the flagship Manhattan Community of Welltower was launched through a partnership between Sunrise Senior Living Inc. and Royal Philips. The association shall have a robust service portfolio globally.
• In May 2022, the first Centre for Technology Intervention for the Elderly and Disabled (CTIED) of India was inaugurated at National Institute of Technology Srinagar.

Disabled and Elderly Assistive Technology Market: Regional Landscape

Asia Pacific to lead global market due to increased expenditure in healthcare infrastructure

In 2021, North America led the market, with the greatest market revenue, and this trend is likely to continue during the forecast period. This is a result of an increase in demand for assistive equipment, an increase in the senior population, and the government's increased attention on patient safety in this region. Moreover, technological developments and developed sales channels are also helping in the market’s regional growth. 

Due to an increase in health expenditures and advancements in healthcare infrastructure, Asia-Pacific is expected to rise at the fastest rate in the global elderly and disabled assistive technology market during the forecast period.

Disabled and Elderly Assistive Technology Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the disabled and elderly assistive technology market on a global and regional basis.

The global disabled and elderly assistive technology market is dominated by players like:

• Pride Mobility Products Corporation
• AI Squared
• Invacare
• Drive Medical
• Siemens Ltd
• Whirlpool Corporation
• GN Resound Group

The global disabled and elderly assistive technology market is segmented as follows;

By Product

• Mobility Assistance Aids
• Assistive Furniture
• Bathroom Safety & Assistive Products
• Communication Aids
• and Others

By End-Users

• Hospitals
• Adult Day Care Centers
• Individuals & Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America