Global Medical Assistive Technology Supply, Demand and Key Producers, 2023-2029

Global Medical Assistive Technology Supply, Demand and Key Producers, 2023-2029

The global Medical Assistive Technology market size is expected to reach $ 38430 million by 2029, rising at a market growth of 6.3% CAGR during the forecast period (2023-2029).

Global key players of Medical Assistive Technology include Sonova, Demant, WS Audiology, Cochlear and Ottobock , etc. The top five players hold a share about 35%. North America is the largest market, has a share about 31%. In terms of product type, Hearing Aids is the largest segment, occupied for a share of about 45%, and in terms of application, Home Care Settings has a share about 80 percent.

Medical Assistive technology (AT) refers to "assistive products and related systems and services developed for people to maintain or improve functioning and thereby promote well-being". It allows people with disabilities, ageing individuals, and others who experience limitations in participation in society to live independent, healthy and productive lives by participating in education, work and social activities. AT reduces the burden on caregivers and the need for formal health and support services.

Medical Assistive technology enables and promotes inclusion and participation, especially of persons with disability, aging populations, and people with non-communicable diseases. The primary purpose of assistive products is to maintain or improve an individual’s functioning and independence, thereby promoting their well-being. They enable people to live healthy, productive, independent and dignified lives, and to participate in education, the labour market and civic life.

Assistive products maintain or improve an individual’s functioning and independence, thereby promoting their well-being. Examples of assistive devices and technologies include wheelchairs, prostheses, hearing aids, visual aids, and specialized computer software and hardware that increase mobility, hearing, vision, or communication capacities.

This report studies the global Medical Assistive Technology demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Medical Assistive Technology, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Medical Assistive Technology that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Medical Assistive Technology total market, 2018-2029, (USD Million)

Global Medical Assistive Technology total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Medical Assistive Technology total market, key domestic companies and share, (USD Million)

Global Medical Assistive Technology revenue by player and market share 2018-2023, (USD Million)

Global Medical Assistive Technology total market by Type, CAGR, 2018-2029, (USD Million)

Global Medical Assistive Technology total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Medical Assistive Technology market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sonova, Demant, WS Audiology, GN ReSound, Ottobock, Invacare, Enovis, Starkey and Ossur, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Medical Assistive Technology market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Medical Assistive Technology Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Medical Assistive Technology Market, Segmentation by Type
Hearing Aids
Mobility Aids Devices
Vision & Reading Aids
Others

Global Medical Assistive Technology Market, Segmentation by Application
Home Care Settings
Hospitals
Others

Companies Profiled:
Sonova
Demant
WS Audiology
GN ReSound
Ottobock
Invacare
Enovis
Starkey
Ossur
Rion
Cochlear
Sunrise Medical
Permobil Corp
MED-EL
Pride Mobility
Hoveround Corp
Merits Health Products
Drive Medical
GF Health
Vispero

Key Questions Answered

1. How big is the global Medical Assistive Technology market?

2. What is the demand of the global Medical Assistive Technology market?

3. What is the year over year growth of the global Medical Assistive Technology market?

4. What is the total value of the global Medical Assistive Technology market?

5. Who are the major players in the global Medical Assistive Technology market?