Disabled & Elderly Assistive Technology Market worth $46.26 billion by 2030, growing at a CAGR of 8.98% - Exclusive Report by 360iResearch

The "Disabled & Elderly Assistive Technology Market by Product (Activity Monitors, Assistive Furniture, Bathroom Safety & Assistive Products), End User (Assisted Living Facilities, Home, Hospitals & Nursing Homes) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Disabled & Elderly Assistive Technology Market to grow from USD 25.32 billion in 2023 to USD 46.26 billion by 2030, at a CAGR of 8.98%.

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The disabled & elderly assistive technology market encompasses various products, services, and solutions designed specifically to enhance the quality of life, independence, accessibility, and overall well-being of disabled people and the elderly population. The increasing aging population across the globe necessitates advanced tools to support independent living among seniors prone to developing age-related disabilities. Moreover, rising awareness about disabled people's rights has led governments worldwide to implement supportive policies that promote accessibility initiatives in public spaces. However, high costs associated with state-of-the-art assistive technology may deter some consumers, in developing regions, from obtaining the assistive product. Additionally, a lack of awareness about available solutions among the target demographic might hinder adoption rates of disabled & elderly assistive technology. Furthermore, innovations in artificial intelligence (AI), robotics, virtual reality (VR), and wearable technology have led to the development of more efficient and user-friendly assistive devices catering to individual needs. The market presents numerous opportunities for businesses focusing on connected healthcare solutions through remote monitoring systems providing real-time data collection on users' health status.

The disabled & elderly assistive technology market in the Americas is significantly growing due to the presence of established manufacturers and government initiatives, including the Americans with Disabilities Act (ADA) and a high prevalence of disabled individuals. Latin America is witnessing expansion as countries such as Brazil and Mexico benefit from increased awareness, improved healthcare infrastructure, and rising disposable incomes. The APAC region is poised for robust growth owing to factors including a rising aging population, increasing prevalence of disabilities, growing awareness to promote accessibility initiatives and government investments in healthcare infrastructure. Major countries, including China, Japan, India, South Korea, and Australia, have significantly raised awareness about using disabled & elderly assistive technology in the region. In EMEA, Europe holds a significant market due to advanced healthcare systems and initiatives supporting disability rights. The European Assistive Technology Information Network (EASTIN) facilitates sharing best practices for manufacturing assistive devices among EU countries. Africa's demand for disabled & elderly assistive devices is growing; however, supply remains constrained by limited funding and resources in the African region. Manufacturers should focus on innovation, collaboration, and business expansion strategies, including partnering with local companies or institutions to develop cost-efficient products while maintaining compliance with regulatory standards. Investing in research & development is expected to offer providers advanced technology to meet diverse consumer needs. Collaborations with healthcare institutions or governments can help identify unmet demands across different geographies.

Market Segmentation & Coverage:

This research report categorizes the Disabled & Elderly Assistive Technology Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Activity Monitors, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Depression Management, Fall Detection, Location Monitors, and Medical Mobility Aids & Ambulatory Devices. The Assistive Furniture is further studied across Medical Beds, Railings & Bar, and Riser Reclining Chairs. The Bathroom Safety & Assistive Products is further studied across Commodes Chairs and Shower Chairs. The Communication Aids is further studied across Hearing Aids, Speech & Writing Devices, and Vision & Reading Aids. The Medical Mobility Aids & Ambulatory Devices is further studied across Cranes & Crutches, Mobility Scooters, Transfer Lifts, Walkers & Rollators, and Wheelchairs. The Medical Mobility Aids & Ambulatory Devices commanded largest market share of 20.98% in 2023, followed by Communication Aids.

Based on End User, market is studied across Assisted Living Facilities, Home, and Hospitals & Nursing Homes. The Hospitals & Nursing Homes commanded largest market share of 58.07% in 2023, followed by Assisted Living Facilities.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.95% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Disabled & Elderly Assistive Technology Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Disabled & Elderly Assistive Technology Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Disabled & Elderly Assistive Technology Market, highlighting leading vendors and their innovative profiles. These include AC Mobility Pty Ltd, Amigo Mobility International, Inc., Aqua Creek Products, Arjo AB, Blue Chip Medical Products, Inc., Braze Mobility Inc., Bruno Independent Living Aids, Inc., Cardinal Health, Inc., Cochlear Ltd., Demant A/S, Dolphin Computer Access Ltd., Dot Incorporation, Drive Medical GmbH & Co. KG, Etac AB, GN Store Nord A/S, Guangdong Prestige Technology Co., Ltd., Invacare Corporation, Koninklijke Philips N.V., Liftavator, Inc., Medline Industries, Inc., Microsoft Corporation, Mobius Mobility LLC, NoorCam Technologies Ltd., Ottobock Se & Co. Kgaa, Permobil AB, Pride Mobility Products Corporation, Savaria Corporation, Siemens AG, Sonova Holding AG, Starkey Laboratories, Inc., Sunrise Medical, Inc., Technologies HumanWare Inc. by EssilorLuxottica SA, Tecla. by Komodo OpenLab Inc., Tobii Dynavox AB, Vayyar Imaging Ltd., and Widex A/S.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Disabled & Elderly Assistive Technology Market, by Product
7. Disabled & Elderly Assistive Technology Market, by End User
8. Americas Disabled & Elderly Assistive Technology Market
9. Asia-Pacific Disabled & Elderly Assistive Technology Market
10. Europe, Middle East & Africa Disabled & Elderly Assistive Technology Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Disabled & Elderly Assistive Technology Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Disabled & Elderly Assistive Technology Market?
3. What is the competitive strategic window for opportunities in the Disabled & Elderly Assistive Technology Market?
4. What are the technology trends and regulatory frameworks in the Disabled & Elderly Assistive Technology Market?
5. What is the market share of the leading vendors in the Disabled & Elderly Assistive Technology Market?
6. What modes and strategic moves are considered suitable for entering the Disabled & Elderly Assistive Technology Market?

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