Disabled and Elderly Assistive Technology Market Size Was Valued at USD 23,485 Million in Global Opportunity Analysis and Industry Forecast 2028

Global Disabled and Elderly Assistive Technology Market

The manufacturers of assistive devices for the elderly and disabled are expected to gain huge profits owing to the surging demand for technologically advanced assistive devices across the globe. The rapidly growing geriatric population across the globe and the growing disabilities owing to various diseases and aging is expected to be the primary drivers of the global elderly and disabled assistive devices market. The surging number of manufacturers in the elderly and disabled assistive devices market, owing to the lucrative market opportunities is driving the global market. The elderly and disabled assistive devices such as mobility scooters, hearing aids, wheelchairs, vision and reading aids, and bathroom safety devices are some of the highly demanded products among the disabled and geriatric people. These devices helps the user in their daily activities such as walking, reading, listening, and bathing. The growing focus of the manufacturers in the development of disabled assistive devices using latest technologies and rising investments towards improving the ergonomics of the devices are the major factors that are expected to drive the growth of the global elderly and disabled assistive devices.

According to the United Nations, the global geriatric population is expected to reach at 2 billion by 2050. The improved access to the advanced healthcare facilities has increased the life expectancy of the people. As per the World Health Organization (WHO), everyone will be permanently or temporarily disable at some point in their life, especially those who would survive to old age is expected to witness challenges in functioning. According to the WHO, around 15% of the global population lives with some form of disabilities and around 2% to 4% of them experiences exponential difficulties in functioning in their day-to-day lives. The growing prevalence of various chronic diseases such as cancer, diabetes, arthritis, and cardiovascular diseases are some of the major factors that affects disabilities. Moreover, the road traffic accidents, occupational injuries, falls, conflicts, and violence are some of the top recognized contributors to the number of disabilities. Therefore, the rising prevalence of disabilities across the globe owing to the aforementioned reasons is expected to drive the growth of the global elderly and disabled assistive devices market.

Demant A/S

DRIVE MEDICAL

GN Hearing A/S

Invacare Corporation

MED-EL (Austria)- NORDIC CAPITAL (SUNRISE MEDICAL LLC)- Ottobock SE & Co. KGaA

Permobil Group (Sweden)- Pride Mobility Products® Corporation

Sonova Holding AG

Starkey Hearing Technologies

Widex A/S

WS Audiology Denmark A/S

Click here to access Free Sample Report

This report examines the global market for assistive devices designed to help the physically or cognitively impaired or the elderly live as independently as possible in as many settings as possible. It gives a thorough breakdown of the current and future market potential of various assistive technologies for the elderly and disabled, including those used for mobility, access, beds, seating systems, communication, medical/personal monitoring, vision and reading, computer access, and environmental support.

Wheelchairs and scooters, ambulatory aids, vehicle adaptations, and navigation aids are the main submarkets of the mobility aids market. Residential/home elevators, transfer lifts, wheelchair lifts, stair lifts/climbers, accessible baths & showers, door openers, and other mobility aids all make up different subsets of the access aids market. The market for daily living aids can be broken down into three major categories: incontinence and ostomy products, toileting aids, and everything else. There are two major submarkets in the communication aids industry: hearing and listening aids, and speech and writing aids.

Read the Detailed Index of complete Research Study

The report (RoW) shows how much money each market in North America, Europe, Asia, and the rest of the world made. A thorough understanding of the market, the competitive landscape, the market's historical context, the market's technological development, the market's growth drivers, and its growth restraints is made possible by the report's in-depth analysis. This report doesn't cover physical therapy and exercise tools for the elderly and disabled.

Enquire Here Get customization & check discount for the report

Market Participants in Helpful Technology for the Elderly and the Disabled

Sonova Holding AG, AI Squared, Pride Mobility Products Corporation, Drive Medical, Starkey hearing technologies, GN Resound Group, Invacare, Siemens Ltd., Nordic Capital (Sunrise Medical LLC), and William Demant Holding A/S are just a few of the well-known names in the field of assistive devices for the elderly and the disabled.

Explore a Wider Area of Study in the Health Care Industry

The global male infertility market is expected to grow from $3,834 million in 2023 to $5,885 million in 2028, expanding at a CAGR of 5.0% during that time period.

With a CAGR of 7.6% between 2022 and 2030, the value of the global hydrogel-based drug delivery system market is forecast to increase from its 2023 level of $6,415,000,000 to a total of $12,357,000,000 by the year 2030.

There will be a significant CAGR of 4.3% between 2023 and 2028 in the global mTOR inhibitors market, which is expected to grow from a valuation of $6,498,000,000 in 2023 to $9,445,000,000 in 2028.

Zion Market research

244 Fifth Avenue, Suite N202

New York, 10001, United States

Email ID: sales@zionmarketresearch.com

Website: https://www.zionmarketresearch.com/

https://www.linkedin.com/pulse/plastic-conduit-market-global-opportunity-analysis-industry-jon-sena/

https://www.linkedin.com/pulse/collapsible-metal-tubes-global-market-report-2023-threats-jon-sena/

https://tealfeed.com/healthcare-information-exchange-hie-solutions-market-o5fcw

https://tealfeed.com/disabled-elderly-assistive-technology-market-size-osqqw

https://tealfeed.com/plastic-conduit-market-global-opportunity-analysis-sw8fy

https://www.linkedin.com/pulse/healthcare-information-exchange-hie-solutions-market-analysis-sena/

https://www.linkedin.com/pulse/disabled-elderly-assistive-technology-market-size-valued-jon-sena/