Global Disabled and Elderly Assistive Technologies Market Size study & Forecast, By Product (Medical Mobility Aids and Ambulatory Devices, Assistive Furniture, Bathroom Safety, Others), End-User (Hospitals, Elderly Nursing Homes, Homecare, Others), and Re

Global Disabled and Elderly Assistive Technologies Market Size study & Forecast, By Product (Medical Mobility Aids and Ambulatory Devices, Assistive Furniture, Bathroom Safety, Others), End-User (Hospitals, Elderly Nursing Homes, Homecare, Others), and Regional Analysis, 2022-2029

Global Disabled and Elderly Assistive Technologies Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Disabled and Elderly Assistive Technologies are designed to improve quality of life and enhance accessibility for the disabled and geriatric population. The Disabled and Elderly Assistive Technologies market is expanding on the back of rising geriatric & disabled population and growing disposable income.

According to The World Bank in 2020, the global geriatric population aged 65 and above is increasing year over year. In 2020 approximately 9.321% population was above 65. Whereas in 2017 the percentage was about 8.648% which increased rapidly and reached to approximately 8.876% by 2018 and In 2019reached to 9.102 %. Also, according to Statista in 2022, the total disposable income across the United States in 2021 was around USD 16.02 trillion which was around USD 15.74 trillion in 2020. Also Per capita, Americans had 48,219 U.S. dollars of disposable personal income in 2021. Demand for assistive technologies and growth activities by market players create lucrative opportunities for the market. However, the higher cost of assistive devices hampers the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Disabled and Elderly Assistive Technologies Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominates the market in terms of revenue generation, owing to the increasing geriatric population, rising focus on patient safety and growing demand for assistive devices. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as increasing spending on healthcare, usage of assistive devices and technological advancement etc. in the forecast period

Major market player included in this report are:
Blue Chip Medical Products (US)
Inclusive Technology (UK)
Liberator (US)
Permobil (US)
Exact Dynamics B.V. (Netherlands)
DynaVox (US)
Jabbla (Belgium)
Bausch + Lomb Incorporated (US)
Medline Industries, Inc. (US)
Whirlpool Corporation (US).

Recent Developments in the Market:
 In August 2022 – GN Hearing Pte. Ltd. the global leader in hearing aid has launched Resound OMNIA. It is a new hearing aid platform. It is made for hearing in noisy environment with an outstanding 150% improvement in speech understanding.

Global Disabled and Elderly Assistive Technologies Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Medical Mobility Aids and Ambulatory Devices,
Assistive Furniture,
Bathroom Safety,
Others

By End-User:
Hospitals,
Elderly Nursing Homes,
Homecare,
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Blue Chip Medical Products (US)
Inclusive Technology (UK)
Liberator (US)
Permobil (US)
Exact Dynamics B.V. (Netherlands)
DynaVox (US)
Jabbla (Belgium)
Bausch + Lomb Incorporated (US)
Medline Industries, Inc. (US)
Whirlpool Corporation (US).

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