Global Assistive Technology Market By Product Type (Living Aids Devices, Mobility Aids Devices, Medical Furniture, Bathroom Safety Equipment), By Application (Hospitals & Nursing Homes, Assisted Living Facilities, Home Care Settings), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

Market.US announces the publication of its most recently generated research report titled, “Global Assistive Technology Market by Product Type (Living Aids Devices, Mobility Aids Devices, Medical Furniture, and Bathroom Safety Equipment), By Application (Hospitals & Nursing Homes, Assisted Living Facilities, and Home Care Settings), and by Region – Global Forecast to 2030.”, which offers a holistic view of the global Assistive Technology market through systematic segmentation that covers every aspect of the target market.

The global Assistive Technology market is projected to be US$ 22,208.8 Mn in 2020 to reach US$ 47,272.7 Mn by 2030 at a CAGR of 8.0%.

Assistive technology is defined as any product, equipment, technology, or instrument specially designed or adapted to facilitate and improve the functioning of a person with any disability. Assistive technology involves a combination of high-tech and low-tech products, including living aid devices, mobility aids devices, and others.

A set of descriptors have been developed by Quality Indicators for Assistive Technology (QIAT) Consortium to ensure the development of quality products and services. The guidelines set by the world health organization (WHO) helps to ensure a specific standard for the manufacturers to follow and develop quality products for the users. Other countries such as the US have also set their own set of guidelines for developing products.

WHO has also developed a disability action plan to remove barriers and improve the accessibility to health services and extend assistive technologies and support services for community-based rehabilitation

Assistive technology is helpful for disabled children and people as it helps in increasing mobility and communication and also reduces the cost associated with injuries. Assistive technology helps disabled people to improve their accessibility thus making them able to work, thereby having a positive socioeconomic impact.

Lack of awareness amongst disabled people and the high cost of assistive technologies in developing countries are the major restraints. COVID-19 has also impacted the use and production of assistive technologies.

Global Assistive Technology Market Revenue (US$ Mn), 2020–2030

Developing countries lack the technical expertise to develop low-cost technologies for low-income individuals. The huge gap between the market demand and availability of affordable technology are the major opportunities for existing and new players.

Increasing awareness amongst elderly disabled people regarding the use of new assistive technology can create better opportunities for market players. New opportunities can also be opened by increasing the scale of assistive technology thereby making these technologies affordable to low-income individuals.

Organizations have increased their investments in the research and development of new products and services to better assist disabled people.

Global Assistive Technology Market Attractiveness Analysis by Product Type, 2021–2030

The research report on the global assistive technology market includes profiles of some of the major companies such as Panasonic Corp., Demant A/S, GN Store Nord A/S (Beltone Corporation), Invacare Corp., Sunrise Medical, Inc., Med-El Elektromedizinische Geräte Gesellschaft M.b.H. (MED-EL India), GF Health Products, Inc. (Graham-Field), Nova Medical Products, OrCam Technologies Ltd., Tactopus Learning Solutions Pvt. Ltd., BleeTech Innovations, Innaumation Medical Devices Private Limited, Kidaura Innovations Private Limited, Trestle Labs Pvt. Ltd., BeAble Health Pvt. Ltd, Inceptor Technologies Pvt. Ltd., and Others.

Segmentation for Global Assistive Technology Market, based on Product Type, Application and Regions:

Based on Product Type:

• Living Aids Devices
• Mobility Aids Devices
• Medical Furniture
• Bathroom Safety Equipment

Based on Application:

• Hospitals & Nursing Homes
• Assisted Living Facilities
• Home Care Settings

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Based on Key Players

• anasonic Corp.
• Demant A/S
• GN Store Nord A/S (Beltone Corporation)
• Invacare Corp.
• Sunrise Medical Inc.
• Med-El Elektromedizinische Geräte Gesellschaft M.b.H. (MED-EL India)
• GF Health Products Inc. (Graham-Field)
• Nova Medical Products
• OrCam Technologies Ltd.
• Tactopus Learning Solutions Pvt. Ltd.
• BleeTech Innovations
• Innaumation Medical Devices Private Limited
• Kidaura Innovations Private Limited
• Trestle Labs Pvt. Ltd.
• BeAble Health Pvt. Ltd
• Inceptor Technologies Pvt. Ltd.
• Others

For the Assistive Technology Market research study, the following years have been considered to estimate the market size: