Future of Disability Devices Market: Size, Share & Forecasts to 2029

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What Is the Projected Market Size Valuation of the Disability Devices Market by 2025?
In recent years, the market for disability devices has seen robust growth. Its value is expected to rise from $23.97 billion in 2024 to $25.38 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The reasons for such remarkable growth in the past can be traced back to the increasing global recognition of the importance of disability inclusion, the surge in chronic illnesses such as diabetes and arthritis, the rise in life expectancy globally, the proactive development of regulatory frameworks that encourage accessibility, and an increase in healthcare spending in wealthy countries.

What Is the Estimated Market Growth Value for the Disability Devices Industry in 2029?
The market size of disability devices is forecasted to significantly expand in the upcoming years, reaching a value of $31.60 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. The surge in demand within the forecast timeframe can be credited to the rapid growth of the elderly population in emerging markets, increased funding in all-encompassing healthcare infrastructure, the expansion of universal healthcare programs, a greater focus on rehab services in public health strategies, and the escalating global prevalence of non-communicable diseases. Key trends within the forecast period include the adoption of artificial intelligence for adaptive functionality, the incorporation of the Internet of Things in device surveillance, the creation of lightweight and durable materials, the rise in modular and adaptable device designs, and component miniaturization for superior portability.

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What Are the Growth Drivers and Opportunities in the Disability Devices Market?
The disability devices market is projected to grow due to the prevalence of sensory impairments. These sensory impairments include partial or full loss of one or more senses, predominantly affecting vision, hearing, or other sensory functions, and significantly constrain a person's ability to perceive, interpret, or respond to external stimuli. Factors like population aging, chronic health ailments, and increased exposure to environmental hazards are the primary drivers for the higher rates of sensory impairments, as these factors often lead to a gradual degradation of sensory functions over time, becoming more prevalent as age progresses, resulting in a higher incidence of impairment. Disability devices contribute crucially to the pressing issue of sensory impairments by boosting functional capacities, promoting autonomy, and enhancing the general quality of life for those impacted. For example, The Hull Joint Strategic Needs Assessment (JSNA) by the Hull City Council, a UK-based unitary authority, reported in November 2024 that sensory impairment is responsible for 6.0% of the loss of healthy life years, with a heavier toll in the older age group, escalating from 2.5% in under 50s to 12.9% in those aged 70+ in Hull. Similarly, severe visual impairment among those aged 75 and over is anticipated to increase from 2,100 to 3,100 by 2040 due to aging. Consequently, the higher rates of sensory impairments are catalyzing the expansion of the disability devices market.

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What Are the Primary Segments Covered in the Global Disability Devices Market Report?
The disability devices market covered in this report is segmented -

1) By Device Type: Vision Aids, Hearing Aids, Mobility Aids, Other Devices Types
2) By Material: Plastic, Metal, Wood, Fabric
3) By Application: Home Care Settings, Hospitals, Ambulatory Care Centers And Rehabilitation Centers
4) By End User: Elderly, Physically Challenged, Visually Impaired, Hearing Impaired

Subsegments:
1) By Vision Aids: Magnifiers, Braille Readers, Screen Reading Software, Smart Glasses
2) By Hearing Aids: Behind-The-Ear (BTE), In-The-Ear (ITE), Receiver-In-Canal (RIC), Cochlear Implants
3) By Mobility Aids: Wheelchairs, Walkers And Rollators, Crutches, Mobility Scooters
4) By Other Device Types: Communication Aids, Cognitive Aids, Environmental Control Devices, Prosthetic Devices

What Are the Top Growth Trends in the Disability Devices Market?
In the disability devices market, dominant corporations are prioritizing the development of advanced technologies such as brain-regulated assistive wearables. These devices aim to augment accessibility and elevate user independence through novel, non-invasive command systems. Such a wearable uses neural and physiological signals to enable people with physical or motor difficulties to interact with digital systems using non-verbal, motion-based instructions. For example, AAVAA Inc., a neurotechnology firm based in Canada, unveiled the Brain-Computer Interface (BCI) System for Smart Glasses in March 2024. This system gives users the ability to control digital devices through the interpretation of brain and biosignals, via eye movements, facial expressions, and head movements. This system's lightweight sensors and streamlined design facilitate easy incorporation into eyewear, offering improved usability for assistive, smart home, augmented reality, and virtual reality applications.

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Which Companies Are Shaping the Future of the Disability Devices Market?
Major companies operating in the disability devices market are Medline Industries LP, Sonova Holding AG, William Demant Holding A/S, GN Store Nord A/S, Ottobock SE & Co. KGaA, Hollister Inc., Cochlear Ltd., Arjo AB, Invacare Corporation, GN Hearing A/S, MED-EL Elektromedizinische Geräte Gesellschaft m.b.H., DRIVE MEDICAL GMBH & CO. KG, Permobil AB, Pride Mobility Products Corporation, Steeper Group, GF Health Products Inc., WHILL Inc., Carex Health Brands Inc., Merits Health Products, MEYRA Group, Hearing Health & Technology Matters LLC, Magic Mobility Pty Ltd, LEVO AG, Batec Mobility S.L., BetterLiving.

Which Region Holds the Largest Market Share in the Disability Devices Industry?
North America was the largest region in the disability devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the disability devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This release was published on openPR.