Industry Background:
Assistive Technology is used in any product or device that is intended to improve the quality of life and independence of people with disabilities. According to estimates from the United States Centers for Disease Control and Prevention, in the United States, one in four adults is living with a disability. Moreover, the baby boomer generation is more likely to have a disability than previous generations as they age, which means that this ratio is likely to grow in the future. Globally, more than 1 billion people of the world’s population, experience some type of disability. As per the World Health Organization (WHO) by 2030, two billion people will require access to at least one assistive technology, and many will require two or more. This will drive the market growth in the forecast period.This growth is primarily driven by Increasing Adoption Of Technologically Advanced Devices
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
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 Technology Distributors 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 GF Health Products (United States), MED-EL (Austria), Sunrise Medical, Inc. (Germany), William Demant Holding A/S (Denmark), Beltone (Canada), Enabling Technologies (United States), GN ReSound (Denmark), Hoveround (United States), GN Store Nord AS (Denmark), Invacare Corporation (United States) and Karma Mobility (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The global assistive technology market is largely competitive and consists of several vendors who compete based on factors such as service quality, technology, and pricing. To gain a competitive edge in the market, the providers need to develop innovative technologies and stay updated with the emerging technologies that could influence their services.
Influencing Trend:
Adoption Of Hearing Aids With Rechargeable Batteries
Market Growth Drivers:
Increasing Adoption Of Technologically Advanced Devices and Augment Sales Of Mobility Aids Due To Rising Number Of People With Cancer
Challenges:
Intense Competition Especially From Regional Players
Restraints:
High Cost Of Few Sophisticated Products
Opportunities:
Increasing Number Of Orthopedic And Neurological Disorders and Rise In Surgical Operations Are Further Increasing The Demand For Medical Mobility Devices
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 Assistive Technology Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of 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, and SEC filings of 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, Assistive Technology Study Sheds Light on
The Assistive Technology Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Assistive Technology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Assistive Technology industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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.