According to the latest analysis by Emergen Research, the US assistive technology (AT) market for people with disabilities will be worth US$8,374.2 million in 2021 and is projected to grow at a revenue CAGR of 10.6% during the forecast period. increase. Key factors impacting market revenue growth from 2022 to 2030 include rising incidence of visual, cognitive, hearing, and mobility-related problems among older adults and quality of life for those with disabilities including increasing government initiatives to improve
Growth factor:
With the growing demand for technologically advanced assistive devices around the world, manufacturers of devices for the elderly and disabled are projected to make huge profits. The market for assistive devices for the elderly and disabled is expected to be driven mainly by the rapidly expanding geriatric population worldwide and the increase in various diseases and age-related disabilities. Due to the lucrative market opportunities, the number of manufacturers in the market of assistive devices for the elderly and disabled is growing rapidly. Mobility scooters, hearing aids, wheelchairs, vision and reading aids, and bathroom safety equipment are just a few of the in-demand assistive devices for the elderly and disabled.
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These tools help users perform everyday tasks such as walking, reading, listening, and showering. The key factors expected to drive the growth of the global Elderly and Disabled Assistive Devices market are the increasing focus of manufacturers on developing assistive devices for the disabled using state-of-the-art technology, improving the ergonomics of their devices. We are investing more to improve.
The prevalence of assistive technology (AT), which includes tools, modalities, and platforms specifically created to assist the functioning of patients with motor, cognitive, behavioral, or visual impairments, has increased significantly over time. is increasing to According to Centers for Disease Control and Prevention (CDC) statistics, one in four Americans, or more than 61 million of her, have a disability that severely limits their ability to perform daily tasks. . The CDC also made additional observations, linking increased prevalence of the disorder to decreased income. Moreover, increasing number of research projects seeking low-cost technologies to assist patients with disabilities is expected to increase the demand for assistive technology modalities in the coming years, which is expected to drive the market revenue growth significantly.
Key players in the market report include AssistiveWare, Attainment Company, Control Bionics, Daedalus Technologies, Double Robotics, Don Johnston Inc., School Health, Freedom Scientific, Hamilton CapTel, and HumanWare.
Key highlights from the report
In terms of revenue, the US assistive technology market in 2021 was dominated by the mobility impairment segment. Continued use of wheelchairs in hospitals, nursing homes, and other facilities and rapid development of electronic joystick-controlled wheelchairs due to technological advances are the major drivers of revenue growth in this market. According to the Centers for Disease Control and Prevention (CDC), about 1 in 7 people, or more than 34 million people, have a mobility-related disability, and 1 in 2 of those patients are over the age of 65.
From 2022 to 2030, the blindness and low vision market is expected to experience consistent revenue growth. Some of the factors driving revenue growth in this segment are the rising prevalence of vision-related problems in the geriatric population pool, expanding government initiatives, increasing public awareness of assistive technologies for the visually impaired, and technological progress. For example, Eyedaptic, Inc., a provider of natural vision software, announced in June 2021 that an updated and improved version of its eyewear solution, EYE3, will be available to treat retinal-related vision problems such as age-related macular degeneration. Declared available to help people with (AMD).
The special education segment is expected to experience a rapid CAGR growth during the forecast period. Some of the key factors impacting revenue growth in this segment are the development of national policies and educational programs using assistive technology and equipment, and public and It’s a private initiative.
Control Bionics announced a partnership with Double R&D on April 11, 2022 to introduce NeuroNode technology to Japan. The former company and the latter have entered into a deal to expand their geographic reach and connect with more patients in the field. Patients with diseases such as ALS, cerebral palsy, intellectual disability, traumatic brain injury, and stroke will benefit most from this technology.With this agreement, Double R&D is Control Bionics’ sole distributor in Japan. It becomes a store and the order is fulfilled according to the product cost.
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The US assistive technology market is segmented by device type, indication, distribution method, end use, and geography by Emergen Research.
- Device Type Outlook (Revenue, USD Million, 2019-2030)
- movement disorders
- wheelchair
- transfer device
- walker
- prosthesis
- visual impairment
- screen reader
- Braille and Braille embossing
- Refreshable braille display
- wearable technology
- other
- deaf device
- hearing aid
- Auxiliary hearing device
- amplified telephone equipment
- cognitive impairment
- memory aid
- educational software
- speech impediment
- Other device types
- movement disorders
- Indication Outlook (Revenue, USD Million, 2019 – 2030)
- autism spectrum disorder
- blindness and amblyopia
- hearing loss and hearing loss
- Computer access problem
- communication disorder
- movement disorders
- cognitive impairment
- Distribution Channel Outlook (Revenue, USD Million, 2019-2030)
- online
- company website
- third party website
- off-line
- directly
- Indirect
- End User Outlook (Revenue, USD Million, 2019-2030)
- Hospital/clinic
- special education
- veterans management
- home and community-based services
- Federal/State Government (Disabled and Elderly)
- rehabilitation and training programs
- online
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