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Disabled & Elderly Assistive Technologies Market, Growth, Demand and Technology Advancement Outlook in Healthcare Sector 2022-2030

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Kanika Bath

The Global Disabled & Elderly Assistive Technologies Market size is estimated to be USD 25.47 billion in 2020 and is predicted to reach USD 49.48 billion by 2030 with a CAGR of 7.17% from 2021-2030.Disabled & elderly assistive technology includes devices that are used to maintain or improve an individual's functioning and enhance their overall well-being. Such devices are useful in case of any impairments and secondary health conditions. These include walkers that improve mobility, amplification devices that make sound easier to hear and many others. Assistive technologies help the disabled & elderly be more independent by making it easier for them to get around and perform simple activities of daily living on their own.

Market Segmentations and Scope of the Study:

The global disabled &elderly assistive technologies market share has been analyzed based on product, end user and geography. On basis of product type, disabled & elderly assistive technologies market is classified into mobility assistance aids (wheelchairs, mobility scooters, crutches & canes, patient mechanical lift handling, walkers &rollators, and others), assistive furniture (medical beds, riser reclining chairs, railings & bar, door openers, and others), bathroom safety & assistive products (commode chairs, shower chairs, ostomy products, and others), and communication aids (speech & writing therapy devices, hearing aids {canal hearing aids, receiver-in-the-ear (RITE) aids, cochlear implants, behind-the-ear (BTE) aids, bone anchored hearing aids (BAHA), and in-the-ear (ITE) aids}, and vision & reading aids {reading machines, video magnifiers, braille translators, and others}). Based on end user, the disabled & elderly assistive technologies market is categorized into hospitals, elderly nursing homes, homecare, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

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Market Segmentations and Scope of the Study:

The global disabled &elderly assistive technologies market share has been analyzed based on product, end user and geography. On basis of product type, disabled & elderly assistive technologies market is classified into mobility assistance aids (wheelchairs, mobility scooters, crutches & canes, patient mechanical lift handling, walkers &rollators, and others), assistive furniture (medical beds, riser reclining chairs, railings & bar, door openers, and others), bathroom safety & assistive products (commode chairs, shower chairs, ostomy products, and others), and communication aids (speech & writing therapy devices, hearing aids {canal hearing aids, receiver-in-the-ear (RITE) aids, cochlear implants, behind-the-ear (BTE) aids, bone anchored hearing aids (BAHA), and in-the-ear (ITE) aids}, and vision & reading aids {reading machines, video magnifiers, braille translators, and others}). Based on end user, the disabled & elderly assistive technologies market is categorized into hospitals, elderly nursing homes, homecare, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

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Geographical Analysis:

North America represents higher adoption of disabled & elderly assistive technologies because of its rising disposable income and provision of reimbursement by the government to encourage purchases. The market of Asia-Pacific is also estimated to show sustained growth due to the rising government support and upsurge in geriatric population. Also, improving healthcare infrastructure and rising awareness regarding application & availability of assistive devices will further boost the market growth.

About Us:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts.

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