Industry Background:
Assistive technologies for the disabled and elderly refer to the use of devices and software solutions to help disabled and elderly people reduce their reliance on caregivers and improve their quality of life. Devices and technological solutions are examples of assistive technologies.Disabled and elderly assistive technologies pertain to the use of devices and software solutions to enable disabled and geriatric populations to decrease dependence on care givers and improve their quality of life. Assistive technologies include devices and technological solutions. Devices include traditional disability devices such as hearing aids, wheelchairs, and visual aids, as well as advanced solutions that aid in enabling disabled persons to lead more positive lives through increased control, security, and social participation.
According to AMA Research, the market for Disabled Elderly Assistive Technology is expected to register a CAGR of 7.2% during the forecast period to 2027. This growth is primarily driven by The rising elderly population, rising healthcare costs, and advances in technology.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Sunrise Medical LLC. (Germany), GN ReSound Group (Denmark), Sonova Holding AG (Switzerland), Starkey Hearing Technologies (United States), William Demant Holding A/S (Denmark), Drive Medical Design and Manufacturing (United States), Invacare Corporation (United States), Siemens Ltd. (India) and Widex Ltd. (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sunrise Medical LLC. (Germany), GN ReSound Group (Denmark), Sonova Holding AG (Switzerland), Starkey Hearing Technologies (United States), William Demant Holding A/S (Denmark), Drive Medical Design and Manufacturing (United States), Invacare Corporation (United States), Siemens Ltd. (India) and Widex Ltd. (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2020, Sunrise Medical is pleased to announce the acquisition of Oracing, a leading Spanish based designer and manufacturer of innovative sports, made-to-measure wheelchairs, and E-Mobility power products.
In 2022, Sunrise Medical is pleased to announce the launch of the QUICKIE® ACCESS™, a knee-pivot manual wheelchair for independent propelling with the benefits of tilt and recline. The ACCESS solves multiple seating challenges while allowing clients to hand or foot propel, offering much appreciated independence.Companies in the market are concentrating on disabled elderly and assistive technology. The United States is the largest country in terms of the disabled elderly and assistive technology markets. Japan and Canada are two other notable geographic markets, both of which are expected to grow during the analysis period.
Disabled Elderly Assistive Technology Market Dynamics:
Attributes | Details |
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Growth Drivers | - The rising elderly population, rising healthcare costs, and advances in technology
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Influencing Trends | - Advanced solutions that aid in enabling a disabled person to lead more positive lives through increased control, security, and social participation
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Restraints | |
Road Blocks / Challenges | - Low level of acceptance for these products
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Gaps & Opportunities | - Growing demand for assistive technologies such as reading machines, video magnifiers, voice recorders, braille translators, and others
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Disabled Elderly Assistive Technology Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the medium utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Disabled Elderly Assistive Technology Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, SEC filings of Disabled Elderly Assistive Technology players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Disabled Elderly Assistive Technology Study Sheds Light on
The Disabled Elderly Assistive Technology Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Disabled Elderly Assistive Technology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Disabled Elderly Assistive Technology industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.