Taiwan Disabled & Elderly Assistive Device Market Analysis|2023-2030
Meta Des: Taiwan Disabled & Elderly Assistive Device Market valued at USD 494.8 million in 2023, and projected to reach USD 1295.1 million by 2030, at a CAGR of 13.6%
Taiwan Disabled & Elderly Assistive Device Market
Domain – Life Sciences & Healthcare
Sub Domain – Medical Devices
The Taiwan Disabled & Elderly Assistive Device Market size was valued at USD 494.8 million in 2023, and is predicted to reach USD 1295.1 million by 2030, at a CAGR of 13.6% from 2024 to 2030.
The introduction of new products by leading companies in Taiwan is fueling demand in the assistive device market. These launches bring forth advanced devices and solutions tailored to the needs of elderly and disabled populations. By innovating with new and enhanced assistive devices like mobility aids, home care devices, and personalized medical devices, these companies seek to increase accessibility, enhance quality of life, and strengthen their market position in Taiwan.
For instance, in March 2022, Shennona launched the “AI Hearing Amplifier” to bridge the gap between the hearing impaired and the world of sound, so that sufferers communicate properly. These initiatives significantly contribute to the development and evolution of the assistive device sector in the country.
However, the high cost of assistive devices creates significant barriers for people in developing and underdeveloped countries, particularly those with low or fixed incomes. These essential tools, that greatly improve the quality of life for individuals with disabilities, often remain out of reach due to the stark economic disparities and limited financial resources.
On the contrary, the integration of artificial intelligence (AI) into disabled & elderly assistive device represents a transformative leap towards a future where these devices are not only more advanced but also more personalized and accessible than ever before. AI enables assistive devices to evolve beyond static solutions, becoming dynamic and adaptable to the specific needs of each user. Through machine learning algorithms, these devices learn from user interactions, continuously improving their functionality and responsiveness.
Segment Overview
Taiwan disabled & elderly assistive device industry is segmented based on type and end user.
• Based on type, the market is segmented mobility impairments, hearing impairments, visual impairments, cognitive impairments, and self-care.
• Based on end user, the market is classified into hospitals, elderly nursing homes, home care, and other end user.
Key Market Players
Leading players operating in Taiwan disabled & elderly assistive device industry include:
• Starkey Hearing Technologies
• Baxter
• Dragon Medical Co., Ltd
• Comfort Mobility
• Ostrich Mobility
• Taiwan Liposome Company
• Foresee Pharmaceuticals
• Acare Technology
• Spirit Medical
• Maxigen Biotech
Key Benefits
• Taiwan disabled & elderly assistive device market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in Taiwan disabled & elderly assistive device market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 Taiwan Disabled And Elderly Assistive Device Market By Type
- 2.1 Overview
- 2.2 Mobility Impairments Market
- 2.2.1 Wheelchairs
- 2.2.2 Walkers And Rollators
- 2.2.3 Canes And Walking Sticks
- 2.2.4 Crutches
- 2.2.5 Portable Ramps
- 2.2.6 Others
- 2.3 Hearing Impairments Market
- 2.3.1 Hearing Aids
- 2.3.2 Fm System
- 2.3.3 Deafblind Communicators For Hearing
- 2.4 Visual Impairments Market
- 2.4.1 Screen Readers
- 2.4.2 Optical Magnifiers
- 2.4.3 Smart Phones For Vision
- 2.4.4 Braille Writing Equipment
- 2.4.5 Talking Devices
- 2.5 Cognitive Impairments Market
- 2.6 Self-care Market
- 2.6.1 Shower Chairs
- 2.6.2 Grab-bars/Handrails
- 3 Taiwan Disabled And Elderly Assistive Device Market By End User
- 3.1 Overview
- 3.2 Hospitals Market
- 3.3 Elderly Nursing Homes Market
- 3.4 Home Care Market
- 3.5 Other End Users Market
- 4 Company Profiles
- 4.1 Starkey Hearing Technologies
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 Baxter
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 Dragon Medical Co., Ltd
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 Comfort Mobility
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Ostrich Mobility
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Taiwan Liposome Company
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Foresee Pharmaceuticals
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 Acare Technology
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Spirit Medical
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Maxigen Biotech
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook