"Assistive Technology Market Share and
Competitive Landscape"
Report Overview
In 2022, the Assistive Technology Market was valued at USD
21.97 billion, and it is forecasted to achieve USD 31.25 billion by
2030. The global market is expected to grow at a Compound Annual
Growth Rate (CAGR) of 4.51% during this period.
Assistive technologies comprise devices as well as technological
solutions. They include standard disability equipment like hearing aids,
visual aids, wheelchairs along with technologically advanced devices
that assist in aiding disabled individuals to live better lives with more
control as well as security and involvement . An increasing prevalence
of neurologic and orthopaedic diseases is predicted to fuel the market
for assistive technologies for the next few years .
challenges:
Using assistive technology to help people with disabilities comes with
some challenges:
​
Cost: Some of these devices can be expensive, making them
difficult for everyone to afford.
​
Awareness: Not everyone knows about these helpful
technologies, so spreading the word is important.
​
Customization: People have unique needs, and finding the right
assistive tech for each person can be tricky.
​
Accessibility: In some places, these technologies aren't easy to
find or use.
Opportunities:
Despite the challenges, there are exciting opportunities in the assistive
technology market:
​
Innovation: Companies are constantly coming up with new and
better devices.
​
Education: Schools and institutions are recognizing the value of
these technologies, creating more opportunities for students.
​
Global Reach: With the internet, people from all over the world
can access and share information about assistive technology.
​
Advocacy: Advocacy groups are working to raise awareness and
make assistive technology more affordable and accessible.
Market Segmentation:
The assistive technology market can be divided into different
categories:
​
Mobility Devices: These include wheelchairs, scooters, and other
equipment to help with movement.
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​
Communication Aids: Devices like speech-generating software
and communication boards.
​
Hearing Aids: Technologies that improve hearing for those with
hearing impairments.
​
Visual Aids: Tools such as magnifiers and screen readers for
people with visual challenges.
​
Cognitive Support: Software and apps that assist with memory,
organization, and learning.
Company or Key Players:
Several companies and key players are making a difference in the
assistive technology market:
​
Apple: Known for its accessibility features in iPhones, iPads, and
Macs.
​
Microsoft: Offers various accessibility tools, including screen
readers and speech recognition.
​
Google: Provides features like voice input and screen
magnification.
​
Oticon: A leading manufacturer of hearing aids.
​
Permobil: Known for innovative power wheelchairs and seating
solutions.
​
Tobii Dynavox: Specializes in communication devices for
non-verbal individuals.
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These companies, along with many others, are working to create and
improve assistive technology to make life easier and more accessible
for people with disabilities.
Assistive technologies include devices and technological solutions.
Devices include traditional disability devices such as hearing aids,
wheelchairs, and visual aids, as well as advanced solutions that aid in
enabling disabled persons to lead more positive lives through
increased control, security, and social participation . The growing
number of orthopaedic and neurological disorders is estimated to drive
the assistive technology market over the forecast duration .
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