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 6.3 billion. In urban areas, the aging population presents a significant market opportunity for Assistive Technologies (AT). As individuals advance in age, they often encounter mobility and health challenges, which can impact their independence and overall well-being. AT solutions are essential in addressing these concerns, offering preventive healthcare benefits in addition to reactive support. The growing emphasis on proactive healthcare in urban settings highlights the importance of AT in mitigating potential accidents and managing health issues before they escalate. By enhancing mobility, communication, and daily living tasks, AT plays a pivotal role in improving the quality of life for 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 encompasses a range of devices and services designed to enhance the lives of individuals with disabilities. These include adaptive keyboards, voice recognition software, mobility scooters, visual impairment aids, hearing impairment aids, sign language interpreters, assistive technology apps, low vision aids, closed captioning systems, accessible learning materials, adaptive furniture, computer access software, adaptive clothing, assistive listening systems, adaptive utensils, and home modification services. Together, these solutions enable greater independence and accessibility for people with disabilities in various aspects of their daily lives.

Market Research Overview

The Assistive Technology (AT) Market encompasses the income derived from the sales of solutions such as assistive listening devices, screen reader software, and speech recognition systems in the healthcare sector. This market size is determined by the consolidated revenue generated by manufacturers and providers of healthcare equipment, supplies, pharmaceuticals, biotechnology, healthcare technology players, and life sciences tools and services. The expansion of the healthcare technology market is influenced by factors affecting both the healthcare industry and the IT spending market. Key drivers include the persistent need to decrease costs in the healthcare sector, which is a common challenge for companies in developed and developing economies.. 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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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/