[Latest] Global Disabled and Elderly Assistive Technology Market Size/Share Worth USD 66.84 Billion by 2030 at a 6.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate)

Austin, TX, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Disabled and Elderly Assistive Technology Market Size, Trends and Insights By Service Type (mobility aids devices, Living aids devices, Medical furniture, Bathroom safety devices), By End User (Nursing homes, Home care, Hospitals, Assisted living facility), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Disabled and Elderly Assistive Technology Market size & share was valued at approximately USD 46.11 Billion in 2021 and is expected to reach USD 51.21 Billion in 2022 and is expected to reach a value of around USD 66.84 Billion by 2030, at a compound annual growth rate (CAGR) of about 6.7% during the forecast period 2022 to 2030.”

Click Here to Access a Free Sample Report of the Global Disabled and Elderly Assistive Technology Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18788

Market Overview:

This market mainly aims at providing independence to the disabled and elderly population who depend upon others to carry out their day-to-day activities. These people are highly dependent on the assistance of some other person, which hampers the quality of life they lead. With these devices and technologies in the market, disabled and older people can be provided with independence and confidence to carry out their livelihood.

The recent advancements made by the technology sector have benefited the people belonging to the elderly age group and disabled population to a great extent.

Market Dynamics

Drivers

The huge number of people belonging to the geriatric population has helped the market to record considerable revenue over time. The increasing number of high-velocity accidents worldwide due to rapid modernization has resulted in many people suffering from multiple disabilities, which is a great opportunity for the market. Advanced facilities the government provides in the form of reimbursement have helped the market record tremendous growth. The extensive research and development programs carried out by the key market players have helped the market to experience new technologies and devices.

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Restraints

The use of advanced technologies and equipment proves difficult for the elderly population as they cannot easily evaluate and understand their functioning. Difficulties such as technical glitches and functional errors hamper the usage to a great extent. The lack of a user-friendly approach to advanced technologies declines the demand for such devices in the market. Most people who belong to the elderly and with disabilities do not possess a huge disposable income as they are not offered employment regularly, which hampers their purchasing power, and because of this, they cannot provide themselves with such advanced technology. These multiple reasons emerge as obstacles to the market’s growth during the forecast period.

Opportunities

The increasing competition among the key market players regarding introducing advanced technologies and devices to provide maximum independence to the disabled and elderly population has emerged as a major opportunity for the market’s growth. Advanced healthcare facilities provided to patients by the government have boosted the growth of this market tremendously. Modern facilities adopted by the healthcare sector to attract potential consumers and big profits have encouraged using modern technologies and assistive devices within the hospital sector. These multiple opportunities help the market to show tremendous growth during the forecast period.

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Challenges

The high cost associated with using modern technologies and devices hampers the market’s growth to a great extent. The disposable income available to the people belonging to the disabled and elderly age group is not sufficient for purchasing modern technologies and devices. The guidelines and rules imposed by the government to ensure the safety of the elderly and disabled have challenged the growth of the key market players to a great extent.

(A free sample of the Disabled and Elderly Assistive Technology report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Disabled and Elderly Assistive Technology report has been modified to include the COVID-19 impact study prior to delivery.)

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Report Highlights

Based on product type, the segment of mobility aids has emerged as the largest segment in the market belonging to this category. The requirement for mobility is the primary need for people who belong to the elderly and those who are disabled. This facility provides them with complete independence and helps them to carry on their day-to-day activities.

 Based on end-user, the hospital segment has emerged as the largest sector under this category due to the huge number of people who visit the hospital sector, forgetting themselves treated in the event of a major medical condition. The presence of a huge client base in the hospital sector has helped the market to record considerable revenue over time. The hospital sector also proved to be a major source of assistive devices provided to patients by medical practitioners.

The presence of the potential client base in the hospital sector has emerged as a major reason for the growth of this sector. Based on geography, the region of North America has emerged as the largest market for the elderly and disabled assistive technology due to the huge number of people belonging to the geriatric population residing in this area. The huge number of high-velocity accidents in this region increases the number of people suffering from disabilities, which proves to be a great opportunity for the market’s growth.

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Key questions answered in this report:

• What is the size of the Disabled and Elderly Assistive Technology market and what is its expected growth rate?
• What are the primary driving factors that push the Disabled and Elderly Assistive Technology market forward?
• What are the Disabled and Elderly Assistive Technology Industry's top companies?
• What are the different categories that the Disabled and Elderly Assistive Technology Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Disabled and Elderly Assistive Technology market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Snapshots

The geographical region of North America has emerged as the largest market for disabled and elderly assistive technology, and due to the huge population belonging to this category will stop due to the adoption of modern lifestyle, the use of vehicles has increased to a great extent which leads to several high-velocity accidents in this region. as a result of this people suffers with multiple disabilities. Hence, the demand for assistive technologies is rising in the market. Increasing life expectancy has given rise to a huge geriatric population that demands assistive technology with you to provide them with complete independence.

The European countries also contribute considerably to the growth of the disabled and elderly assistive technology market due to the huge number of people suffering from chronic diseases and disabilities. The Asia Pacific region has become the next largest sector providing advanced facilities to the elderly and disabled individuals due to the rapid advancements in the healthcare sector.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 46.11 Billion
Projected Market Size in 2030	USD 66.84 Billion
CAGR Growth Rate	6.7% CAGR (2022-2030)
Base Year	2022
Forecast Period	2023-2032
Prominent Players	Sunrise Medical LLC, Starkey Hearing Technologies, GN ReSound Group, Sonova Holding AG, William Demant Holding A/S, and Others
Key Segment	By Service Type, End User, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Key Players

• Sunrise Medical LLC
• Starkey Hearing Technologies
• GN ReSound Group
• Sonova Holding AG
• William Demant Holding A/S

Recent Developments

• An RWD-operated wheelchair device that is managed with the use of electric power was launched by Invacare Aviva storm Rx which can be utilized outdoors and indoors.

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Segments covered under the report

By Service Type

• Mobility Aids Devices
  • Wheelchairs
  • Mobility Scooters
  • Cranes & Crutches
  • Walkers & Rollators
  • Transfer Lifts
  • Door Openers
  • Others (Cushions, Pillow, and Back Support)
• Living Aids Devices
  • Reading and Vision Aids
    • Video Magnifiers
    • Braille Translators
    • Reading Machines
    • Others (Books and Kitchen Appliances)
  • Hearing Aids
    • Receiver-in-the-Ear (RITE) Aids
    • Behind-the-Ear (BTE) Aids
    • In-the-Ear (ITE) Aids
    • Canal Hearing Aids
    • Bone Anchored Hearing Aids (BAHA)
    • Cochlear Implants
• Medical Furniture
  • Medical Beds
  • Medical Furniture Accessories
  • Door Openers
  • Others
• Bathroom Safety Devices
  • Commodes
  • Bars, Grips, and Rails
  • Shower Chairs
  • Ostomy Products

By End User

• Hospitals
• Nursing Homes
• Assisted Living Facilities
• Homecare

Click Here to Get a Free Sample Report of the Global Disabled and Elderly Assistive Technology Market @ https://www.custommarketinsights.com/report/disabled-and-elderly-assistive/

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Disabled and Elderly Assistive Technology Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Disabled and Elderly Assistive Technology Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Disabled and Elderly Assistive Technology Market? What Was the Capacity, Production Value, Cost and PROFIT of the Disabled and Elderly Assistive Technology Market?
• What Is the Current Market Status of the Disabled and Elderly Assistive Technology Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Disabled and Elderly Assistive Technology Market by Considering Applications and Types?
• What Are Projections of the Global Disabled and Elderly Assistive Technology Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Disabled and Elderly Assistive Technology Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Disabled and Elderly Assistive Technology Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Disabled and Elderly Assistive Technology Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Disabled and Elderly Assistive Technology Industry?

Click Here to Access a Free Sample Report of the Global Disabled and Elderly Assistive Technology Market @ https://www.custommarketinsights.com/report/disabled-and-elderly-assistive/

Reasons to Purchase Disabled and Elderly Assistive Technology Market Report

• Disabled and Elderly Assistive Technology Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Disabled and Elderly Assistive Technology Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Disabled and Elderly Assistive Technology Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Disabled and Elderly Assistive Technology Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study thoroughly overviews the global Disabled and Elderly Assistive Technology market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Disabled and Elderly Assistive Technology market analysis.

• The competitive environment of current and potential participants in the Disabled and Elderly Assistive Technology market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Disabled and Elderly Assistive Technology market should find this report useful. The research will be useful to all market participants in the Disabled and Elderly Assistive Technology industry.
• Managers in the Disabled and Elderly Assistive Technology sector are interested in publishing up-to-date and projected data about the worldwide Disabled and Elderly Assistive Technology market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Disabled and Elderly Assistive Technology products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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