Global Assistive Technology Market Analysis & Outlook During the Forecast Period, 2020-2024 - ResearchAndMarkets.com

DUBLIN--()--The "Assistive Technology Market by Device and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Global Assistive Technology Market: About this market

The assistive technology market analysis considers sales from sensory aids, mobility aids, and other devices. Our study also finds the sales of assistive technology in APAC, Europe, North America, South America, and MEA. In 2019, the sensory aids segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as hearing impairment and related disorders among the general population will play a significant role in the sensory aids segment to maintain its market position. Also, our global assistive technology market report looks at factors such as the increasing number of orthopedic and neurological disorders, growing demand for rehabilitation centers, and rising focus on compliance with industrial standards. However, the high cost of mobility products, the presence of substitute products, and the limited availability of assistive technology in rural markets may hamper the growth of the assistive technology industry over the forecast period.

Global Assistive Technology Market: Overview

Increasing number of orthopedic and neurological disorders

Orthopedic conditions such as rheumatoid arthritis and knee problems and recovery after orthopedic surgeries (after bone fractures) require the use of mobility devices such as wheelchairs, canes, and crutches, which can help patients move from one place to another without depending on others. Such short-term and long-term disabilities along with the rise in medical emergency cases are driving the need for assistive technologies. Vendors are offering customization and additional features in mobility devices to increase the convenience and utility of these devices. Thus, the increasing number of orthopedic and neurological disorders will lead to the expansion of the global assistive technology market at a CAGR of almost 8% during the forecast period.

Growing adoption of hearing aids with rechargeable batteries

The global assistive technology market is witnessing the growing adoption of hearing aids with rechargeable batteries. Lithium-ion chargeable batteries and zinc rechargeable batteries are being widely used in the market. Lithium-ion rechargeable batteries can offer enhanced power than traditional rechargeable batteries and can serve the entire lifetime of the hearing aid. Major vendors offering hearing aids are focusing on offering advanced hearing aid devices with lithium-ion batteries. Many companies are also focusing on developing silver-zinc rechargeable batteries that are considered safe for the environment and the user. This development is expected to have a positive impact on the overall market growth.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market Outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DEVICE

  • Market segmentation by device
  • Comparison by device
  • Sensory aids - Market size and forecast 2019-2024
  • Mobility aids - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by device

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing adoption of hearing aids with rechargeable batteries
  • Increase in development of new products
  • Growing demand for customization

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Demant AS
  • GF Health Products Inc.
  • GN Store Nord AS
  • Invacare Corp.
  • MED-EL Elektromedizinische Gerte GmbH
  • Medical Depot Inc.
  • Medline Industries Inc.
  • Permobil AB
  • Sonova Holding AG
  • Sunrise Medical (US) LLC

For more information about this report visit https://www.researchandmarkets.com/r/p2v4jb

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900