According to Stratistics MRC, the Global Disabled and Elderly Assistive Technologies market is accounted for $43.1 billion in 2015 and is expected to reach $69.8 billion by 2022 growing at a CAGR of 7.15%. Supportive government initiatives and development of products such as implants, wheel chairs, transfer lifts are some of the factors driving the market. However, fewer acceptances due to high cost is the major factor limiting the market growth.
Communication Aids segment accounted for the largest share during the forecast period owing to the factors such as the rise in the ageing population and high advancements in technology. North America accounted for the largest share in the market. The growth is attributed to high number of manufacturers in this region. Moreover, Asia Pacific is expected to register the highest CAGR during the forecast period owing to supportive government initiatives.
Some of the key players in global disabled and elderly assistive technologies market include Siemens Hearing Instruments, Inc., Medline Industries, Inc., Whirlpool Corp, Philips Lifeline Systems, Inc., Krown Manufacturing; Liftavator Inc., Invacare Corp., Blue Chip Medical Products, GW Micro, Inc., Exact Dynamics B.V., Freedom Scientific, Inc. ,Ricon Corp, Automated Voice Systems, Inc., Cobolt Systems, Ltd ., Dynavox Technologies, Thyssenkrupp Access and Dolphin Computer Access, Ltd .
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End Users Covered:
Hospitals and Nursing Homes
Assisted Living Facilities
Bathroom Safety and Assistive Products
Transfer Lifts and Elevators
Walkers and Rollators
Crutches and Canes
canal Hearing Aids
Receiver-in-the-Ear (RITE) Aids
Behind-the-Ear (BTE) Aids
Bone Anchored Hearing Aids (BAHA)
In-the–Ear (ITE) Aids
Speech & Writing Therapy
Vision & Reading Aids
Railings and Bar
Riser Reclining Chairs
Incontinence and Ostomy Products
Rest of Europe
Rest of Asia Pacific
Rest of the World
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