The assistive technology market share is forecast to reach USD 6,300.03 million, after growing at a CAGR of 4.95% during 2022-2027. The increasing number of orthopedic and neurological disorders is analyzed to boost the assistive technology market growth. Moreover, an increase in the development of new products is the major trend enhancing the overall market demand for assistive technology during the forecast period.
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Browse Technavio's 164-page report and in-depth TOC on "Assistive Technology Market by the device (sensory aids, mobility aids, and others), end-user (hospitals, homecare settings, and others), and geography (North America, Europe, Asia, and the Rest of World (ROW).
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Device:
Sensory aids: The market share growth by the sensory aids segment will be significant during the forecast period.
Mobility aids
Others
Geography:
North America: North America is projected to contribute 35% by 2027. The demand for assistive technology in North America is driven by the growth of advanced healthcare facilities, rising healthcare spending, and the presence of government organizations such as Medicaid
Europe
Asia
Rest of World (ROW)
End-user:
Hospitals
Homecare settings
Others
The assistive technology market size will witness a YOY Growth Rate of 4.02% in 2023.
The high cost of mobility products will be a major challenge for the assistive technology market during the forecast period.
Major key assistive technology market players include: Boundless Assistive Technology LLC, Demant AS, Drive Medical GmbH and Co. KG, GF Health Products Inc., GN Store Nord AS, Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., MED EL Elektromedizinische Gerate GmbH, Medline Industries LP, NOVA Medical Products, Ossenberg GmbH, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, Persona Medical, Pride Mobility Products Corp., Roma Medical, Sonova AG, and Sunrise Medical LLC
The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as the North America, Europe, Asia, and Rest of World (ROW).
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2023-2027.
CAGR of the assistive technology market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the assistive technology market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the assistive technology market.
Assistive technology industry growth across North America, Europe, Asia, and the Rest of the World (ROW).
