Dublin, Dec. 29, 2021 (GLOBE NEWSWIRE) -- The "Global Disabled and Elderly Assistive Technologies" report has been added to ResearchAndMarkets.com's offering.
The population of the world is growing and ageing. According to World Population Prospects 2019, by 2050, one in six people worldwide will be over the age of 65, up from one in 11 in 2019. The burden of functional and cognitive limitations increases with age in both severity and magnitude. As a result, there is a greater prevalence of disability among population groups and an increasing need for assistance and care.
Assistive technology (AT) products are designed to assist people who, because of specific disabilities or the general infirmities that often accompany ageing, would otherwise be unable to participate meaningfully in economic, social, political, cultural and other forms of human activity in their communities. Assistive technology encompasses a broad range of devices, from "low-tech" products such as canes, walkers, etc., to technologically sophisticated products such as voice recognition software and augmentative communication devices. These devices enhance the quality of life for the individual, family members and caregivers. AT significantly enhances disabled people's access to education, livelihood, health and well-being.
The World Health Organization (WHO) estimates one billion people need assistive technology, a figure that will rise to more than two billion by 2050. Key growth factors driving demand for disabled and elderly assistive technologies/devices include:
An ageing population
More people with chronic illnesses
An increasing preference to deliver healthcare outside hospitals
A focus on the use of technology to increase productivity and reduce ancillary costs
Given the growing awareness and funding for elderly care, healthcare infrastructure and purchasing power improvements in emerging countries this untapped market provides a vast opportunity for assistive devices manufacturers. Market restraint factors include the high cost of assistive devices, pricing pressures and reimbursement restrictions
The global market for assistive technologies is projected to grow from $44.1 billion in 2021 to $57.9 billion by 2026, growing at a CAGR of 5.6% during the forecast period.
Assistive technologies and devices constantly evolve. Many new and exciting assistive devices for people with disabilities have entered the market that enhances independent living, improve health, enhance social inclusion, and reduce healthcare and living expenses. Continuous technological innovations present more choices, potential, and possibilities for using assistive devices for different types of disabilities, all of which are driving the market growth.
An updated review of the global market for disabled and elderly assistive technologies (AT)/assistive devices
Analyses of the global market trends, with historic data from 2019-2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
Evaluation and forecast the overall market size in dollar value terms, and corresponding market share analysis by product type and geographic region
Technology Assessment of the key drivers and constraints that will shape the market for disabled and elderly assistive technologies over the next ten years
Coverage of major product types and applications, both in the commercial and developmental phase
Identification of the major stakeholders and analysis of their competitive landscape based on recent developments and segmental revenues
Review of various new premarket approvals (PMA) and 510(k) clearances received in the disabled and elderly assistive technology and devices market between Jan. 2018 to Sept. 2021
Insight into the recent industry structure, current competitive scenario, R&D activities, regulatory and legislative issues, and license agreements currently focused on disabled and elderly assistive technologies and devices market
Company profiles of the key industry players, including Cochlear Ltd., Invacare Corp., Savaria Corp., Sonova Holdings AG, GN Group and ConvaTec
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Disability Compared to Diseases
Blindness and Vision Impairment
Loss of Mobility and Dexterity
Chapter 4 Market Breakdown by Product Type
Chapter 5 Market Breakdown by Region
Chapter 6 Market Dynamics
Greater Incidence of Non-communicable/Chronic Diseases
Increase in Incidence of Obesity
Increase in Incidence of Road Accidents across All Geographies
Technology Innovations and New Product Development
Large Unpenetrated Addressable Market
Desire to Age in Place
Increasing Pressure to Curtail Healthcare Costs
More Funding Programs for Assistive Devices
High Cost of Assistive Devices
Impact of COVID-19
Chapter 7 Approvals and New Developments
Premarket Approvals (PMA)
Chapter 8 Competitive Landscape
Major Players by Segment
Beds, Seating Systems and Ergonomic Aids
Daily Living Aids
Medical/Personal Monitoring Aids
Mergers and Acquisitions in the Assistive Technology Market
Chapter 9 Company Profiles
Bruno Independent Living Aids Inc.
Cobolt Systems Ltd.
Convatec Group Plc
Dolphin Computer Access Ltd.
Dongguan Prestige Sporting Goods Co. Ltd.
Drive Devilbiss Healthcare
Duxbury Systems Inc.
Gn Group (Gn Store Nord A/S)
Inclinator Company Of America Inc.
Mobius Mobility Llc
Ottobock Se & Co. Kgaa
Pride Mobility Products Corp.
Sonova Holding Ag
Starkey Hearing Technologies
Terry Group Ltd.
Tobii Dynavox Llc
Ws Audiology A/S
Yamaha Motor Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/ebljlm
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