Global Assistive Devices for Vulnerable Groups Market Growth (Status and Outlook) 2023-2029

Global Assistive Devices for Vulnerable Groups Market Growth (Status and Outlook) 2023-2029

Assistive technology is an umbrella term that includes assistive, adaptive, and rehabilitative devices for people with disabilities while also including the process used in selecting, locating, and using them. People who have disabilities often have difficulty performing activities of daily living (ADLs) independently, or even with assistance. ADLs are self-care activities that include toileting, mobility (ambulation), eating, bathing, dressing and grooming. Assistive technology can ameliorate the effects of disabilities that limit the ability to perform ADLs. Assistive technology promotes greater independence by enabling people to perform tasks they were formerly unable to accomplish, or had great difficulty accomplishing, by providing enhancements to, or changing methods of interacting with, the technology needed to accomplish such tasks. For example, wheelchairs provide independent mobility for those who cannot walk, while assistive eating devices can enable people who cannot feed themselves to do so. Due to assistive technology, people with disabilities have an opportunity of a more positive and easygoing lifestyle, with an increase in "social participation," "security and control," and a greater chance to "reduce institutional costs without significantly increasing household expenses."

LPI (LP Information)' newest research report, the “Assistive Devices for Vulnerable Groups Industry Forecast” looks at past sales and reviews total world Assistive Devices for Vulnerable Groups sales in 2022, providing a comprehensive analysis by region and market sector of projected Assistive Devices for Vulnerable Groups sales for 2023 through 2029. With Assistive Devices for Vulnerable Groups sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Assistive Devices for Vulnerable Groups industry.

This Insight Report provides a comprehensive analysis of the global Assistive Devices for Vulnerable Groups landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Assistive Devices for Vulnerable Groups portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Assistive Devices for Vulnerable Groups market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Assistive Devices for Vulnerable Groups and breaks down the forecast by type, by end users, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Assistive Devices for Vulnerable Groups.

The global Assistive Devices for Vulnerable Groups market size is projected to grow from US$ 21680 million in 2022 to US$ 32860 million in 2029; it is expected to grow at a CAGR of 6.1% from 2023 to 2029.

Market competition is not intense. Sonova Holding, William Demant, Invacare, Ottobock, Starkey, etc. are the leaders of the industry. Sonova Holding and William Demant are the top 2 of this industry with about 28% market shares.

Mexico, China, Africa, South America, India and Southeast Asia are the middle and low income countries we focused on in our report, and these six regions account for 19% of the whole global market. China is the largest consumption place of the middle/low income countries, with a consumption market share nearly 5% globally.

This report presents a comprehensive overview, market shares, and growth opportunities of Assistive Devices for Vulnerable Groups market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Hearing Aids
Medical Mobility Aids & Ambulatory Devices
Vision & Reading Aids
Medical Furniture & Bathroom Safety Products
Others

Segmentation by end users
For Elderly
For Disabled
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Sonova Holding
William Demant
Invacare
Ottobock
Starkey
GN ReSound
Sivantos
Cochlear
Widex
Sunrise Medical
Permobil Corp
MED-EL
Pride Mobility

Please note: The report will take approximately 2 business days to prepare and deliver.