LONDON--(BUSINESS WIRE)--The assistive technology market is poised to grow by USD 8.39 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. Request free sample pages
Read the 146-page report with TOC on "Assistive Technology Market Analysis Report by Device (sensory aids, mobility aids, and others) and Geographic Landscape (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024".
The market is driven by the increasing incidences of orthopedic disorders. In addition, the adoption of hearing aids with rechargeable batteries is anticipated to boost the growth of the assistive technology market.
Patients who undergo orthopedic surgeries or suffer from orthopedic conditions such as rheumatoid arthritis often require support for mobility. Such short-term and long-term disabilities along with the rise in medical emergency cases are driving the need for assistive technologies. Consequently, the adoption of mobility devices such as crutches, canes, and manual and electric wheelchairs is increasing at a rapid pace. 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 is expected to drive market growth during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Assistive Technology Companies:
Demant AS is headquartered in Denmark. The company has partnered with Koninklijke Philips NV for the development of hearing aids. Demant AS’s offerings include Oticon Xceed and Viron 9.
GF Health Products Inc.
GF Health Products Inc. is headquartered in the US and offers products through the following business units: Extended care, Medical/surgical, and Healthcare/hospice. The company offers Lumex 3-in-1 Aluminum Commode and Traveler L3 Plus.
GN Store Nord AS
GN Store Nord AS is headquartered in Denmark and operates under two business segments, namely GN Hearing and GN Audio. The company offers GN Audio and Beltone Trust.
Invacare Corp. is headquartered in the US and offers products through the following business segments: North America/home medical equipment, Institutional products group, Europe, and Asia/Pacific. The company offers Get-U-Up Hydraulic Stand-Up Lift and Invacare 9000 Jymni Pediatric Wheelchairs.
MED-EL Elektromedizinische Geräte GmbH
MED-EL Elektromedizinische Geräte GmbH is headquartered in Austria and offers products through the following business segments: Cochlear implants, Electric acoustic stimulation, Middle ear implant, Bone conduction implant, and Rondo. The company offers SYNCHRONY Cochlear Implant System and SONNET EAS.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Assistive Technology Market Device Outlook (Revenue, USD bn, 2020-2024)
- Sensory aids
- Mobility aids
Assistive Technology Market Geographic Landscape Outlook (Revenue, USD bn, 2020-2024)
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.