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.
Get more information on Assistive Technology (AT) Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2025-2029 |
USD 6300.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.3 |
Key countries |
US, Germany, Japan, UK, Canada, China, France, India, Brazil, and UAE |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
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.
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
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted