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A recent report published by Infinium Global Research on disabled and elderly assistive technology market provides in-depth analysis of segments and sub-segments in the global as well as regional disabled and elderly assistive technology market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional disabled and elderly assistive technology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global disabled and elderly assistive technology market.
Disabled and elderly assistive technology, often referred to as assistive devices or adaptive technology, encompasses a wide range of tools, devices, and software designed to assist individuals with disabilities and older adults in their daily lives. These technologies aim to improve independence, mobility, communication, and overall quality of life for those who may face physical, sensory, cognitive, or age-related challenges. The Disabled and elderly assistive technology market has a diversity of needs within the disabled and elderly populations. Some individuals may require assistive technology for mobility, while others may need communication aids, sensory support, or assistance with activities of daily living. The scope of assistive technology for disabled and elderly individuals is continually expanding as technology advances and the needs of the population evolve. It encompasses a wide array of tools and solutions that aim to enhance independence, improve quality of life, and promote inclusion for individuals with diverse abilities and older adults.
The disabled and elderly assistive technology market is driven by the growing aging population. The global population is aging, leading to an increased demand for solutions that cater to the needs of older adults. As more people enter their senior years, there is a greater focus on technologies that enhance their independence and quality of life. Moreover, the surging prevalence of disabilities is also responsible for market growth. Disabilities, whether acquired through aging, accidents, or medical conditions, affect a significant portion of the population. Assistive technology serves as a valuable resource for improving the daily lives of those living with disabilities. However, the difficulty of handling this assistive technology may act as a significant barrier to the market. Advanced healthcare facilities provided to patients by the government present a significant opportunity for this market.
North America is expected to dominate the disabled and elderly assistive technology market. North America's dominance in the disabled and elderly assistive technology market can be attributed to several key factors such as strong technological infrastructure, significant investment in research and development, and a substantial aging population. North America boasts a robust technological infrastructure, with a high level of innovation and development in the tech sector. This technological prowess enables the region to lead in the creation and advancement of assistive technologies. Moreover, North American countries, particularly the United States and Canada, invest significantly in Research and Development (R&D) across various sectors, including healthcare and assistive technology. Government-funded initiatives and collaborations between academia and industry drive innovation. Additionally, North America has a substantial aging population, with a significant number of elderly individuals requiring assistive technology solutions. The demand for these technologies is driven by the aging demographic, prompting companies to develop and market relevant products and services. Asia-Pacific is, projected as the fastest growing region owing to the increase in healthcare expenditure and improvements in healthcare infrastructure.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 48.68 Billion |
| Market Size by 2030 | USD 86.91 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 6.55% |
| Largest Market | North America |
| No. of Pages | 180 |
| Market Drivers |
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| Market Segmentation | By Product, and By End User |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global disabled and elderly assistive technology market provides a detailed analysis of segments in the market based on Product, and End User.
· Activity Monitors
· Assistive Furniture
· Bathroom Safety and Assistive Products
· Communication Aids
· Location Monitors
· Medical Mobility Aids and Ambulatory Devices
· Others
· Assisted Living Facilities
· Hospitals and Nursing Homes
· Home Care
· Demant A/S
· Sonova
· Permobil
· Bausch & Lomb Incorporated
· BLUE CHIP MEDICAL
· Freedom Scientific, Inc.
· GN Store Nord A/S
· Invacare Corporation
· Pride Mobility Products Corp.
· Starkey Laboratories, Inc.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the disabled and elderly assistive technology market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.