The global market for Disabled and Elderly Assistive Technology was valued at an estimated US$26.5 Billion in 2023 and is projected to reach US$41.7 Billion by 2030, growing at a CAGR of 6.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the disabled and elderly assistive technology market is driven by several factors, including the aging global population, increasing prevalence of chronic diseases, and significant advancements in technology. As the population ages, the demand for assistive technologies that can help maintain independence and quality of life is rising. The growing incidence of chronic conditions such as arthritis, diabetes, and cardiovascular diseases further fuels the need for supportive devices and systems.
Technological innovations, such as the integration of artificial intelligence (AI) and the Internet of Things (IoT) in assistive devices, are enhancing the functionality and user-friendliness of these technologies. Moreover, increased awareness and acceptance of assistive technologies, along with supportive government policies and funding, are accelerating market growth. These factors collectively contribute to the expanding adoption and development of assistive technologies, ensuring that more individuals can benefit from these life-enhancing solutions.
The growth in the disabled and elderly assistive technology market is driven by several factors, including the aging global population, increasing prevalence of chronic diseases, and significant advancements in technology. As the population ages, the demand for assistive technologies that can help maintain independence and quality of life is rising. The growing incidence of chronic conditions such as arthritis, diabetes, and cardiovascular diseases further fuels the need for supportive devices and systems.
Technological innovations, such as the integration of artificial intelligence (AI) and the Internet of Things (IoT) in assistive devices, are enhancing the functionality and user-friendliness of these technologies. Moreover, increased awareness and acceptance of assistive technologies, along with supportive government policies and funding, are accelerating market growth. These factors collectively contribute to the expanding adoption and development of assistive technologies, ensuring that more individuals can benefit from these life-enhancing solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Communication Aids segment, which is expected to reach US$15.1 Billion by 2030 with a CAGR of a 6.4%. The Mobility Assistance segment is also set to grow at 7.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $11.4 Billion in 2023, and China, forecasted to grow at an impressive 9.2% CAGR to reach $4.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Disabled and Elderly Assistive Technology Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Disabled and Elderly Assistive Technology Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Disabled and Elderly Assistive Technology Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Demant A/S, Drive DeVilbiss Healthcare, GN Hearing Danmark A/S, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 150 Featured):
- Demant A/S
- Drive DeVilbiss Healthcare
- GN Hearing Danmark A/S
- Invacare Corporation
- Kohler Co.
- MED-EL Elektromedizin Geräte Gesellschaft mbH
- Ottobock SE & Co. KGaA
- Pride Mobility Products® Corporation
- Sonova AG
- Starkey Hearing Technologies
- WS Audiology Denmark A/S
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAFRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Demant A/S
- Drive DeVilbiss Healthcare
- GN Hearing Danmark A/S
- Invacare Corporation
- Kohler Co.
- MED-EL Elektromedizin Geräte Gesellschaft mbH
- Ottobock SE & Co. KGaA
- Pride Mobility Products® Corporation
- Sonova AG
- Starkey Hearing Technologies
- WS Audiology Denmark A/S
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 434 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 26.5 Billion |
| Forecasted Market Value ( USD | $ 41.7 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
