Disabled Assistive Devices Market Size, Industry Share, Forecast

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Data Bridge Market Research analyses that the disabled assistive devices market which was USD 22,439.00 million in 2022, would rocket up to USD 37,263.00 million by 2030, and is expected to undergo a CAGR of 5.9% during the forecast period of 2023 to 2030.

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The world-class Disabled Assistive Devices Market Report offers a sustainable, forward-looking growth program, to ensure the business success that is critical to organizations. This report contains historical data, current market trends, environment, technological innovations, upcoming technologies, and technical advances in related industries. This market research report is a complete picture of the market, covering various aspects such as product definition, segmentation based on various parameters, and existing vendor landscape. The Disabled Assistive Devices Market Study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Data Bridge Market Research analyses that the disabled assistive devices market which was USD 22,439.00 million in 2022, would rocket up to USD 37,263.00 million by 2030, and is expected to undergo a CAGR of 5.9% during the forecast period of 2023 to 2030.

Explore Further Details about This Research Disabled Assistive Devices Market Report https://www.databridgemarketresearch.com/reports/global-disabled-assistive-devices-market

Disabled Assistive Devices Market Scope and Segmentation

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Living Aids, Mobility Aids Devices, Medical Furniture, Bathroom Safety Equipment), End User (Hospital, Home Care Setting, Others)

Countries Covered

 U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa

Market Players Covered

  • Sunrise Medical (U.S.), Sonova (India), Freedom Scientific, Inc. (U.S.), Demant A/S (Denmark), Blue Chip Medical (U.S.), Medical Depot, Inc. (India), Starkey Laboratories Inc. (U.S.), MED- EL (Austria), Permobil (U.S.), Midline Industries Inc. (U.S.), Nordic Capital (Sweden), Ottobock (Germany), Pride Mobility Products Corp. (U.S.), Cochlear Ltd. (Australia), Inclusive Technology Ltd (U.K.), Tobii Dynavox LLC (U.S.), Bausch & Lomb Pvt Ltd (U.S.), GN Hearing (India), Wintriss Engineering (U.S.), Siemens Healthcare Private Limited (Germany), Invacare Corporation (U.S.)

Market Opportunities

  • Rising awareness and advocacy
  • Rising technological advancements
  • Increasing collaborations and partnerships among the key players

Market Definition

Disabled assistive devices, sometimes referred to as assistive technologies or assistive devices, are instruments, systems, or pieces of equipment created to help people with disabilities carry out tasks or enhance their independence in terms of movement, communication, or general independence. With the help of these gadgets, people with disabilities can participate in activities that would otherwise be difficult or impossible due to their impairments, functional limits, or limitations.

Global Disabled Assistive Devices Market Dynamics

Drivers

  • Increasing prevalence of disabilities

Globally, the prevalence of disabilities is increasing due to population ageing, chronic medical issues, and accidents. The number of people with impairments is increasing, which raises the need for assistive technology to improve their freedom and quality of life.

  • Rising geriatric population

The world's population is getting older, and older persons are more likely to have disability. The need for assistive equipment that are designed to meet the needs of older people, such as mobility aids, hearing aid, and vision enhancing tools, is rising as a result of this demographic trend. Hence, producers and healthcare professionals can take advantage of this potential by creating and promoting items expressly for older persons. Thus, the rising geriatric population in the regions is expected to act as a driver for the market growth

  • Increasing telehealth and remote monitoring

The development of telehealth and remote monitoring technologies may improve access to healthcare services for people with impairments. Remote consultations, assessments, and follow-ups are made possible by telehealth platforms and monitoring tools, which eliminate the need for in-person visits. Particularly in underprivileged locations, this technology can improve access to assistive device fitting, instruction, and support.

Opportunities

  • Rising awareness and advocacy

Disability rights and the significance of inclusive society are topics that are receiving more attention. As a result of this raised awareness, policies, laws, and programmes are being changed to make assistive technology more accessible and widely available. More inclusive settings are being worked on by organisations, advocacy groups, and governments, which may increase demand for assistive technologies.

  • Rising technological advancements

Rapid technological development in areas like wearable technology, robotics, artificial intelligence, and sensor technologies offers possibilities for the creation of novel and more efficient assistive devices. These innovations could improve the accessibility, affordability, and functionality of assistive technology, providing people with disabilities with new opportunities.

  • Increasing collaborations and partnerships among key players

Collaborations between market participants for disabled assistive devices can promote innovation, enhance product development, and broaden market penetration. Collaborations between producers, medical professionals, researchers, and disability organisations can result in the creation of assistive technologies that are more effective and customised, as well as more efficient distribution systems and support systems.

Key questions answered in the Disabled Assistive Devices Market are: 

  • What is Disabled Assistive Devices Market?
  • What was the Disabled Assistive Devices Market size in 2022?
  • What are the different segments of the Disabled Assistive Devices Market?
  • What growth strategies are the players considering to increase their presence in Disabled Assistive Devices Market?
  • What are the upcoming industry applications and trends for the Disabled Assistive Devices Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Disabled Assistive Devices Market?
  • What major challenges could the  Disabled Assistive Devices Market face in the future?
  • What segments are covered in the Disabled Assistive Devices Market?
  • Who are the leading companies and what are their portfolios in Disabled Assistive Devices Market?
  • What segments are covered in the Disabled Assistive Devices Market?
  • Who are the key players in the Disabled Assistive Devices Market?

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