Dublin, June 09, 2023 (GLOBE NEWSWIRE) -- The "Disabled and Elderly Assistive Technology - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Disabled and Elderly Assistive Technology Market to Reach $82 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Disabled and Elderly Assistive Technology estimated at US$25.3 Billion in the year 2022, is projected to reach a revised size of US$82 Billion by 2030, growing at a CAGR of 15.8% over the analysis period 2022-2030. Communication Aids, one of the segments analyzed in the report, is projected to record 15.8% CAGR and reach US$30.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mobility Assistance segment is readjusted to a revised 16.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $13 Billion, While China is Forecast to Grow at 18.5% CAGR
The Disabled and Elderly Assistive Technology market in the U.S. is estimated at US$13 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2030 trailing a CAGR of 18.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.9% and 15.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.
Select Competitors (Total 163 Featured)-
- Aetna, Inc.
- Broda Seating
- AC Mobility Pty., Ltd.
- Action Manufacturing, Inc.
- Advanced Mobility Systems Corporation
- Amigo Mobility International, Inc.
- Aqua Creek Products
- Bionik Laboratories Corporation
- BladeZ Scooters
- Bromakin Wheelchairs
- Blue Chip Medical Products, Inc.
- Arjo AB
- Besco Medical Limited
- AlterG, Inc.
- Beltone A/S
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 376 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $26.81 Billion |
| Forecasted Market Value (USD) by 2030 | $82 Billion |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic and Looming Global Recession
- Telecare: The Amalgamation of Technology and Health Care
- Pandemic Compels Senior Care Facilities to Use Modern Technologies for Offering Better Care
- An Introduction to Disabled and Elderly Assistive Technology
- Global Market Outlook
- Rise in Geriatric & Disabled Population Fuels Need for Assistive Technologies
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Life Expectancy at Birth in Years of People in Select Countries for 2020E
- Recent Market Activity
- Disabled and Elderly Assistive Technologies - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Smart Assistive Technologies Emerge for the Elderly Population
- Sustained Advancements in Assistive Technologies & Focus on R&D Efforts to Boost Adoption
- Silver Tsunami Paves Way for a Spate of Innovations in Senior Care
- Select Innovations in Disabled and Elderly Assistive Technologies
- Senior-Friendly mHealth and Telehealth Technologies Facilitate Independent Living
- Digital Inclusion of Elderly and Disabled: Critical for Success of Assistive Living Technologies
- IoT Solutions to Improve Senior Care and Help Seniors Community Live Independent Life
- World IoT Market: Number of Connected Devices (in Million) for Years 2016, 2018, 2020 and 2022
- Rising Incidence of Physical Disabilities: A Grim Reality Driving Significance of Assistive Living Technologies
- Percentage of Population with Disabilities by Age Group
- A Review of Select Assistive Technologies for the Disabled
- Increasing Incidence of Musculoskeletal Disorders and Chronic Medical Conditions Propels Market Growth
- Osteoarthritis & Osteoporosis: Major Health Conditions Affecting Mobility in the Elderly
- Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
- % of Women Affected by Osteoporosis
- Obesity & Lifestyle Diseases Limit Mobility
- World Diabetes and Population Statistics (2019, 2030 & 2045)
- Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
- Shift towards Home Healthcare Augurs Well for the Market
- As Hearing Impairment Emerges as a Major Disability Especially among Elderly, Hearing Devices Provide Aid in Maintaining Independent Lifestyles
- Number of People with Disabling Hearing Loss Worldwide in Million for the Years 2015 to 2050
- Personal Mobility Devices: Need for Mobility Drives Market Growth
- Global Personal Mobility Devices Market Breakdown (in %) by Product Type: 2020E
- Favorable Trends in the Personal Mobility Devices Market Strengthen Market Prospects
- Wheelchairs: Meeting Mobility Needs of the Elderly & Disabled for Personal, Social, and Professional Fulfillment
- Global Wheelchairs Market Breakdown by Region/Country (in %): 2019
- Powered Wheelchairs: Superior Attributes over Manual Wheelchairs Drive Demand
- High-tech Wheelchairs for Spinal Cord Injury Patients
- Stair Lifts: Enabling Easy Movement for Immobile Individuals
- Design Modifications and Infrastructure Development in Care Facilities & Residences Propels Market
- Rising Incidence of Cognitive Impairment Issues Drive Focus onto Assistive Speech Technology
- Progressive Mobility: A Growing Area of Focus in Bed Design
- Government Efforts to Improve Healthcare Infrastructure and Favorable Insurance Schemes Support Market
- World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
- Healthcare Expenditure as a % of GDP by Region for 2019
- Challenges Confronting Disabled and Elderly Assistive Technology Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/iilidp
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