Disabled and Elderly Assistive Technology

Global Disabled and Elderly Assistive Technology Market to Reach US$45.2 Billion by 2030

The global market for Disabled and Elderly Assistive Technology estimated at US$30.4 Billion in the year 2024, is expected to reach US$45.2 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2024-2030. Communication Aids, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$16.3 Billion by the end of the analysis period. Growth in the Mobility Assistance segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.2 Billion While China is Forecast to Grow at 9.2% CAGR

The Disabled and Elderly Assistive Technology market in the U.S. is estimated at US$12.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.3% and 6.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Disabled and Elderly Assistive Technology Market - Key Trends & Drivers Summarized

Disabled and elderly assistive technology encompasses a wide range of devices and systems designed to enhance the quality of life and independence of individuals with disabilities and older adults. These technologies include mobility aids like wheelchairs and walkers, hearing aids, visual aids, communication devices, and home modifications such as stair lifts and grab bars. Additionally, innovations like smart home systems, wearable health monitors, and automated medication dispensers are increasingly being integrated to provide comprehensive support. The primary goal of these assistive technologies is to enable individuals to perform daily activities more easily and safely, thereby promoting their autonomy and reducing the need for caregiver assistance.

Technological advancements have significantly expanded the capabilities and accessibility of assistive devices for the disabled and elderly. For instance, the development of lightweight and highly maneuverable electric wheelchairs has enhanced mobility for many users, while advancements in hearing aid technology have resulted in devices that offer superior sound quality and are more comfortable to wear. Smart home technologies, such as voice-activated assistants and automated lighting and security systems, allow users to control their home environment easily, increasing safety and convenience. Wearable devices that monitor vital signs and activity levels can alert caregivers and healthcare providers to potential health issues in real-time, enabling timely interventions. These innovations not only improve the quality of life for users but also help in managing chronic conditions and preventing accidents.

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.

SCOPE OF STUDY:

The report analyzes the Disabled and Elderly Assistive Technology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Communication Aids, Mobility Assistance, Assistive Furniture, Bathroom Safety & Assistance, Other Segments); End-Use (Home Care, Assisted Living Facilities, Hospitals & Nursing Homes)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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