Disabled and Elderly Assistive Technologies Market 2030 Industry Analysis and Outlook 2021

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.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.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.

The study objectives of global market research report:

To analyse the global Disabled and Elderly Assistive Technologies market on the basis of several business verticals such as drivers, restraints, and opportunities
It offers detailed elaboration on the global competitive landscape
To get an informative data of various leading key industries functioning across the global regions
It offers qualitative and quantitative analysis of the global Disabled and Elderly Assistive Technologies market
It offers all-inclusive information of global market along with its features, applications, challenges, threats, and opportunities

2/90/A, Azadgarh, Regent Park, Kolkata, West Bengal, India, 700040

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.




Leave a Reply