Adrian JohnsonTLDR:
- The global market for Disabled and Elderly Assistive Technology is projected to reach $41.7 Billion by 2030.
- Key trends driving adoption include smart assistive technologies, artificial intelligence, robotics, and a growing emphasis on workplace inclusion.
The “Disabled and Elderly Assistive Technology – Global Strategic Business Report” highlights the growing market for assistive technologies for disabled and elderly populations. By 2030, the market is expected to reach $41.7 billion, with a focus on communication aids and mobility assistance. The report delves into the evolving landscape of assistive technologies, emphasizing the global economic context and competitive dynamics.
Overview
The global market for Disabled and Elderly Assistive Technology is estimated to have been $24.9 billion in 2022, with projected growth at a CAGR of 6.6% over the period of 2022-2030. Communication aids and mobility assistance are key segments driving this growth. The report also examines the competitive market landscape, player categorization, and the impact of the COVID-19 pandemic on market opportunities.
The need for assistive technologies is increasing alongside the growing geriatric and disabled population, leading to innovation and market activity. The report outlines key trends and drivers influencing market growth, such as smart assistive technologies, artificial intelligence, robotics, and a focus on workplace inclusion. Market trends impacting assistive furniture, personal mobility devices, and medical conditions affecting mobility are also discussed.
Key geographical markets for Disabled and Elderly Assistive Technology include the U.S., China, Japan, Canada, and Germany. The report also highlights select players in the market, such as Aetna, Inc., Broda Seating, and AlterG, Inc.
