About Disabled And Elderly Assistive Technology
The disabled & elderly assistive technologies comprise many devices that aim to produce an improved quality of life and increased accessibility to disabled & geriatric patients. Moreover, these technologies include devices that could be used by the population who are not self-dependant. This technology aids the aged population to pay attention, read, move, and conduct alternative regular activities. The disabled and aged helpful technologies represent rehabilitative devices, mobility aids, and cognitive aids that offer extra accessibility to people with cognitive difficulties, impairments, and disabilities. These techniques assist disabled and aged folks to reinforce the standard of life, improve health results, offer freelance living alternatives, and reduce health care expenses. Additionally, helpful devices like wheelchairs, scooters, canes, crutches, walkers, and others are effective ways to combat the impact of quality limitations for disabled individuals, permitting improved walk, and independence. Moreover, the increase within the aged population across the world and therefore, the usage of helpful devices is of accelerating importance. Helpful technology will be used as an efficient device for the reduction within the level of activity limitation at older ages.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Disabled And Elderly Assistive Technology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ai Squared (United States), Blue Chip Medical Products, Inc., (United States), Inclusive Technology Ltd. (United Kingdom), Invacare Corporation (United States), Medline Industries, Inc., (United States), Permobil AB (Sweden), Siemens Ltd (Germany), Sonova Holding Ag (Switzerland), Sunrise Medical (US) LLC (United States) and Widex Ltd. (Denmark) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Disabled And Elderly Assistive Technology market by , Application (Hospitals, Elderly Nursing Homes, Homecare and Others) and Region.
On the basis of geography, the market of Disabled And Elderly Assistive Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Assistive Furniture, the sub-segment i.e. Medical Beds will boost the Disabled And Elderly Assistive Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communication Aid, the sub-segment i.e. Speech & Writing Therapy Devices will boost the Disabled And Elderly Assistive Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Disabled And Elderly Assistive Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mobility Assistances Aid, the sub-segment i.e. Wheelchairs will boost the Disabled And Elderly Assistive Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of The Assistive Devices
Market Growth Drivers:
Increasing Disposable Income, Increasing Geriatric Population and Increasing Improving Health of The Disabled and Elderly
Challenges:
Low Level of Acceptance in the Emerging Economies
Restraints:
High Cost of The Assistive Devices
Opportunities:
Rising Initiatives of The Government and Independent Agencies and Increasing Technological Development in The Assistive Devices
Market Leaders and their expansionary development strategies
In April 2022, Revolutionizing Assistive Technology for the Elderly and Disabled. a provider of mobile assistive technology, announced results of its latest industry survey regarding the impact of COVID-19 on family visits to seniors with dementia, and the use of phones to bridge the communication gap.
In June 2023, The Indian Institute of Madras (IIT-M) launched the National Centre for Assistive Health Technologies (NCAHT), an initiative of the Indian Council for Medical Research (ICMR), to boost research and development in assistive technologies (AT), focusing on rehabilitative devices for people with disabilities and the elderly.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Disabled And Elderly Assistive Technology, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.