Latest News- Assistive Technology (AT) Market: Hospitals is expected to lead the End-user segment during 2025-2029

The Assistive Technology (AT) Market is being driven by Rising number of orthopedic and neurological disorders

The Assistive Technology (AT) Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6300.9 million. In urban areas, an aging population presents a growing need for assistive technologies. These innovative solutions not only react to mobility and health challenges but also play a pivotal role in preventive healthcare. By enhancing independence and overall well-being, assistive technologies help mitigate potential accidents and address health concerns before they escalate. The increasing emphasis on preventive healthcare in urban environments underscores the significance of assistive technologies as essential tools for improving quality of life and promoting independence among the elderly population. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals
  • Homecare settings
  • Others
• Device
  • Sensory aids
  • Mobility aids
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising number of orthopedic and neurological disorders
• Growing demand for rehabilitation centers using assistive technology
• Increasing focus on compliance with industrial standards

However, the market also witnesses some limitations, which are as follows:

• High cost of mobility products
• Presence of substitute products for assistive technology
• Limited availability of assistive technology in rural markets

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Market Scope in Assistive Technology (AT) Market Research Report

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Research Analysis Overview

The Assistive Technology (AT) Market caters to people with disabilities, focusing on innovative products tailored to various disability types and age groups. GlobalFoundries integrates AI, ML, IoT, and wearable technology into user-centered designs for functional abilities enhancement. Assistive equipment includes orthopaedic and neurological solutions for neurological disorders, epilepsy, and learning disabilities. User-centered designs prioritize functional capabilities, with gadgets and equipment catering to weight-bearing loads and muscle action. Clinics and home care settings benefit from these advancements in developing economies. The Neurological Alliance advocates for continuous innovations in this field.

Market Research Overview

The Assistive Technology (AT) market encompasses the income derived from the sale of healthcare applications, IT systems, internet-based healthcare tools, telehealth technologies, digital health technologies, and IT consulting services to healthcare providers and businesses. According to Technavio, the global healthcare market size is determined by the consolidated revenue generated by manufacturers, suppliers, pharmaceutical companies, healthcare technology players, biotechnology firms, and life sciences tool and service providers. The expansion of the healthcare technology market is influenced by factors affecting both the healthcare industry and the IT expenditure market. Notable drivers include the persistent demand to cut costs in both developed and emerging economies, as well as the integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Wearable technology, into user-centered designs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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