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Disabled and Elderly Assistive Technologies Market by Product, and End User- Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 546 Pages
  • June 2021
  • Region: Global
  • Next Move Strategy Consulting
  • ID: 5403238

The Global Disabled & Elderly Assistive Technologies Market size is estimated to be USD 25.47 billion in 2020 and is predicted to reach USD 49.48 billion by 2030 with a CAGR of 7.17% from 2021-2030. Assistive technologies can also be defined as any item, piece of equipment, or product system that are used to increase, maintain, or improve functional capabilities of children, elderly people and people with physical disability. For seniors, assistive technology may be a walker to improve mobility or an amplification device that make sound easier to hear. Assistive technologies can offer these individuals more independence by making it easier for them to get around on their own, perform simple activities of daily living, and age in place.



According to the report, there has been a constant growth in &elderly assistive technologies market owing to the rising population of disabled & elderly people. Other factors such as government subsidies to support device accessibility and rising investment from major market players also boost this market growth. However, high price and low acceptance rate of some products might restrain the market growth. Furthermore, the growing trend of independent lifestyle and rising awareness for better health conditions are anticipated to provide lucrative of opportunities for market growth.

Market Segmentations and Scope of the Study:


The global disabled &elderly assistive technologies market share has been analyzed based on product, end user and geography. On basis of product type, disabled & elderly assistive technologies market 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 disabled & elderly assistive technologies 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.

Geographical Analysis


North America holds the highest market size & share in the disabled & elderly assistive technologies market during the forecast period, because of its rising disposable income, technological advancements and provision of reimbursements by the government. Moreover, the market of Asia - Pacific is also expected to sustain due to increase in elderly population and government support to raise awareness regarding application of assistive devices.

Competitive Landscape


The global disabled & elderly assistive technologies market is highly competitive and consists of numerous market players. Some of the major market players are Drive Medical, Drive Medical Design and Manufacturing, GN ReSound Group, Invacare Corporation, Sunrise Medical LLC., Sonova Holding AG, Starkey Hearing Technologies, AI Squared, WS Audiology, Pride Mobility Products Corporation.

KEY MARKET SEGMENTS:

 

By Product:

 

  • Mobility Assistance Aids
  • Wheelchairs
  • Mobility Scooters
  • Crutches & Canes
  • Patient Mechanical Lift Handling
  • Walkers & Rollators
  • Others
  • Assistive Furniture
  • Medical Beds
  • Riser Reclining Chairs
  • Railings & Bar
  • Door Openers
  • Others
  • Bathroom Safety & Assistive Products
  • Commodes 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 Home
  • Homecare
  • Others

 

By Region

 

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of APAC
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • Remaining Countries
Frequently Asked Questions about the Disabled and Elderly Assistive Technologies Market

What is the estimated value of the Disabled and Elderly Assistive Technologies Market?

The Disabled and Elderly Assistive Technologies Market was estimated to be valued at $26.5 Billion in 2021.

What is the growth rate of the Disabled and Elderly Assistive Technologies Market?

The growth rate of the Disabled and Elderly Assistive Technologies Market is 7.3%, with an estimated value of $49.5 Billion by 2030.

What is the forecasted size of the Disabled and Elderly Assistive Technologies Market?

The Disabled and Elderly Assistive Technologies Market is estimated to be worth $49.5 Billion by 2030.

Who are the key companies in the Disabled and Elderly Assistive Technologies Market?

Key companies in the Disabled and Elderly Assistive Technologies Market include Drive Medical, Drive Medical Design and Manufacturing, GN ReSound Group, Invacare Corporation, Sunrise Medical LLC., Sonova Holding AG, Starkey Hearing Technologies, AI Squared and Pride Mobility Products Corporation.

Table of Contents

1. Introduction
1.1. Report Description
1.2. Who Should Read this Report
1.3. Key Market Segments
1.4. Research Methodology
2. Disabled & Elderly Assistive Technologies Market - Executive Summary
2.1. Market Snapshot, 2019 - 2030, Million Usd
3. Porter's Five Force Model Analysis
3.1. Bargaining Power of Suppliers
3.2. Bargaining Power of Buyers
3.3. Degree of Competition
3.4. Threat of Substitute
3.5. Threat of New Entrants
4. Market Overview
4.1. Market Definition and Scope
4.2. Market Dynamics
5. Global Disabled and Elderly Assistive Technologies Market, by Product
5.1. Overview
5.2. Mobility Assistance Aids
5.3. Assistive Furniture
5.4. Bathroom Safety and Assistive Products
5.5. Communication Aids
6. Global Disabled and Elderly Assistive Technologies Market, by Enduser
6.1. Overview
6.2. Home Care
6.3. Hospitals
6.4. Elderly Nursing Homes
6.5. Others
7. Global Disabled and Elderly Assistive Technologies Market, by Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. Rest of World
8. Company Profile
8.1. Drive Medical
8.2. Gn Resound Group
8.3. Invacare Corporation
8.4. Sunrise Medical LLC
8.5. Sonova Holding AG
8.6. Starkey Hearing Technologies
8.7. Ai Squared
8.8. Ws Audiology
8.9. Pride Mobility Products Corporation
8.10. William Demant

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Drive Medical
  • Drive Medical Design and Manufacturing
  • GN ReSound Group
  • Invacare Corporation
  • Sunrise Medical LLC.
  • Sonova Holding AG
  • Starkey Hearing Technologies
  • AI Squared
  • WS Audiology
  • Pride Mobility Products Corporation