Global Disabled Assistive Devices Market, By Product Type (Living Aids, Mobility Aids Devices, Medical Furniture, Bathroom Safety Equipment), End User (Hospital, Home Care Setting, Others) - Industry Trends and Forecast to 2030.
Disabled Assistive Devices Market Analysis and Size
External tools that are created, manufactured, or modified to help a person carry out a certain task are known as assistive devices. Many persons with disabilities rely on assistive technology to carry out daily tasks and engage in productive and active communal life., Moreover, the affected people need the support of various devices and equipment’s to carry out all necessary things of life so these devices help both disabled and elderly patients to make their life relaxed, easy and independent. Rising incidences of the disabled population contribute to the growth of the disabled assistive devices market.
Data Bridge Market Research analyses that the disabled assistive devices market which was USD 22,439.00 million in 2022, would rocket up to USD 37,263.00 million by 2030, and is expected to undergo a CAGR of 5.9% during the forecast period of 2023 to 2030. “Mobility aids devices” dominates the product type segment of the disabled assistive devices market owing to the growing disabilities owing to various diseases and aging. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Disabled Assistive Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Living Aids, Mobility Aids Devices, Medical Furniture, Bathroom Safety Equipment), End User (Hospital, Home Care Setting, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa
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Market Players Covered
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Market Opportunities
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Market Definition
Disabled assistive devices, sometimes referred to as assistive technologies or assistive devices, are instruments, systems, or pieces of equipment created to help people with disabilities carry out tasks or enhance their independence in terms of movement, communication, or general independence. With the help of these gadgets, people with disabilities can participate in activities that would otherwise be difficult or impossible due to their impairments, functional limits, or limitations.
Global Disabled Assistive Devices Market Dynamics
Drivers
- Increasing prevalence of disabilities
Globally, the prevalence of disabilities is increasing due to population ageing, chronic medical issues, and accidents. The number of people with impairments is increasing, which raises the need for assistive technology to improve their freedom and quality of life.
- Rising geriatric population
The world's population is getting older, and older persons are more likely to have disability. The need for assistive equipment that are designed to meet the needs of older people, such as mobility aids, hearing aid, and vision enhancing tools, is rising as a result of this demographic trend. Hence, producers and healthcare professionals can take advantage of this potential by creating and promoting items expressly for older persons. Thus, the rising geriatric population in the regions is expected to act as a driver for the market growth
- Increasing telehealth and remote monitoring
The development of telehealth and remote monitoring technologies may improve access to healthcare services for people with impairments. Remote consultations, assessments, and follow-ups are made possible by telehealth platforms and monitoring tools, which eliminate the need for in-person visits. Particularly in underprivileged locations, this technology can improve access to assistive device fitting, instruction, and support.
Opportunities
- Rising awareness and advocacy
Disability rights and the significance of inclusive society are topics that are receiving more attention. As a result of this raised awareness, policies, laws, and programmes are being changed to make assistive technology more accessible and widely available. More inclusive settings are being worked on by organisations, advocacy groups, and governments, which may increase demand for assistive technologies.
- Rising technological advancements
Rapid technological development in areas like wearable technology, robotics, artificial intelligence, and sensor technologies offers possibilities for the creation of novel and more efficient assistive devices. These innovations could improve the accessibility, affordability, and functionality of assistive technology, providing people with disabilities with new opportunities.
- Increasing collaborations and partnerships among key players
Collaborations between market participants for disabled assistive devices can promote innovation, enhance product development, and broaden market penetration. Collaborations between producers, medical professionals, researchers, and disability organisations can result in the creation of assistive technologies that are more effective and customised, as well as more efficient distribution systems and support systems.
Restrains/ Challenges
- Strict regulations
It can take a lot of time and effort to complete the regulatory process for authorising and certifying assistive equipment. Delays in getting regulatory clearances may impede innovation by delaying the release of innovative gadgets onto the market. The legislative structure governing assistive devices might differ between nations, which can provide challenges for manufacturers trying to enter the market and restrict the number of devices available. Additionally, accessibility and affordability of assistive devices may be impacted by differences in insurance and reimbursement regulations.
- Limited funding and resources
Particularly in low-resource environments, access to funds and resources for the research, development, and production of assistive devices can be constrained. This may limit the innovation and cost of these technologies, preventing people who most need them from using them.
- Lack of skilled professionals
Many times, qualified healthcare experts including occupational therapists, physiotherapists, and prosthetics are needed to provide assistive equipment. However, a lack of qualified specialists limits the accessibility of expert exams, fittings, and continuous assistance for device users in many areas.
- Maintenance and repair challenges
Regular upkeep and sporadic repairs are frequently needed for assistive technology. However, there may not be as much access to dependable maintenance and repair services in other areas, which would mean less uptime and reduced functionality for consumers' devices. Hence, the heavy maintainance and the repair of the product may create a challenge in the market growth.
This disabled assistive devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the disabled assistive devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Disabled Assistive Devices Market Scope
Disabled assistive devices market is segmented based on product type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Vitamins and dietary supplements
- Steroids and immunosuppressive drugs
- Therapeutic vaccines
- Living aids
- Hearing aids
- Reading and vision aids
- Mobility aids devices
- Wheelchairs
- Mobility scooters
- Medical furniture
- Medical beds
- Door openers
- Riser reclining chair
- Others
- Bathroom safety equipment
- Shower chairs
- Commode chairs
- Ostomy equipment and bars
- Grips
- Rails
- Others
End User
- Hospitals
- Homecare settings
- Others
Disabled Assistive Devices Market Regional Analysis/Insights
Disabled assistive devices market is analyzed and market size insights and trends are provided by product type and end user as referenced above.
The countries covered in the disabled assistive devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South HenAfrica, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the disabled assistive devices market owing to the increasing demand of assistive devices, rising aging population and increasing focus on patient safety by the government in the region. Asia-Pacific is growingat a significant growth rate over the forecast period of 2023 to 2030 due to the growing healthcare facilities and infrastructure in this particular region.
The country section of the disabled assistive devices market report also provides individual market impacting factors and domestic regulation changes that impact the market's current and future trends. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed Base and New Technology Penetration
Disabled assistive devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for disabled assistive devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the disabled assistive devices market. The data is available for the historic period 2015 to 2020.
Competitive Landscape and Disabled Assistive Devices Market Share Analysis
The disabled assistive devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies’ focus related to the disabled assistive devices market.
Some of the major players operating in the disabled assistive devices market are:
- Sunrise Medical (U.S.)
- Sonova (India)
- Freedom Scientific, Inc. (U.S.)
- Demant A/S (Denmark)
- Blue Chip Medical (U.S.)
- Medical Depot, Inc. (India)
- Starkey Laboratories Inc. (U.S.)
- MED- EL (Austria)
- Permobil (U.S.)
- Midline Industries Inc. (U.S.)
- Nordic Capital (Sweden)
- Ottobock (Germany)
- Pride Mobility Products Corp. (U.S.)
- Cochlear Ltd. (Australia)
- Inclusive Technology Ltd (U.K.)
- Tobii Dynavox LLC (U.S.)
- Bausch & Lomb Pvt Ltd (U.S.)
- GN Hearing (India)
- Wintriss Engineering (U.S.)
- Siemens Healthcare Private Limited (Germany)
- Invacare Corporation (U.S.)
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