Assistive Technology Market 2022

Assistive technology is used as a covering pattern for both assistive products, and their related services. Assistive products included traditional disability devices such as wheelchairs, hearing aids, and visual aids. It also includes advanced assistive technology solutions that help in enabling disabled persons to lead more positive lives through increased security, control, and social participation.

The information technology vertical is expected to witness resilience with respect to data sources across all the platforms, thereby rendering data available wherever it’s needed, that too, irrespective of where the data stays. This, known as “data fabric”, which makes use of analytics for learning and actively recommending the placement of data. This would be the scene with XYZ market in the upcoming period.

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The market is projected to witness significant growth due to several factors such as the rising elderly population and rising healthcare costs, assistive technology provider’s landscape, and advancement in assistive technology. According to the report, the global assistive technology market is projected to witness a CAGR of 7.5% over the forecast period 2021 – 2031.

What is Driving Demand for Assistive Technology?

Growth in developments of technological advancement in assistive devices, solutions, or services across various enterprises can enable clinics, hospitals, and home care, and other end-user. Assistive technology is majorly required by a broad range of people across the globe, physical and mental health improved such as people with chronic health conditions, as well as the people with disabilities and elderly people.

There is an increasing demand for professional development and training in assistive technology to arise educators’ knowledge and skills in a wide range of areas including a continuum of tools, collaborative processes, strategies, services, and action planning, legal issues, resource, and data collection and analysis.

It offers various benefits such as reducing the need for formal health and support services, and long-term care, and the work of caregivers. The reliability of such benefits drives the growth of the assistive technology market.

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US and Canada Market Outlook

The US is one of the strong markets for assistive technology globally. This is attributed to the high increase in demand for assistive technology for various end-users such as assistive technology education, clinics, and hospitals, among others. Furthermore, the U.S. has a strong market share in the global assistive technology market accounting for around 25%-30% of the market share in 2021.

Demand for end-user configuration in assistive technologies to improve users’ experience and the quality of the products, is one of the major factors driving the demand for the assistive technology market in North America. Assistive products assist functioning, which can be categorized by the functional metrics of mobility, hearing, vision, self-care, cognition, and communication.

Who are the Key Providers of Assistive Technology?
Some of the leading providers of assistive technology include

Sunrise Medical Inc.
Medical Depot Inc.
GF Health Products
Invacare Corporation
William Demant Holding A/S

The key providers of assistive technology focus on forming strategic partnerships with leading agencies specializing in assistive technology solutions and devices to cater to improve their quality of life. The increasing desire among the population with visual disabilities to lead independent lives is fueling the demand for assistive technologies including reading machines, voice recorders, video magnifiers, and others.

Key Segments
By Devices

Sensory aids
Mobility aids

By End-user

Home Care Settings

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Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others

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