WASHINGTON, Aug. 18, 2022 (GLOBE NEWSWIRE) — Recent Global Market Analysis by Vantage Market Research assistive technology market has found that the growing demand for assistive devices worldwide is fueling the growth of the market. In addition, high proportion of non-communicable diseases and rapidly increasing geriatric population are projected to boost the growth of the global assistive technology market during the forecast period.
The global assistive technology market revenue is expected to reach USD 28.8 billion in 2028.
The global market revenue will be valued at USD 21.8 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% during the forecast period. Vantage Market Research said in a report titled “.Assistive Technology Market Size, Share & Trend Analysis By Product Type (Motor Impairment Device, Visual Impairment Device, Hearing Impairment Device, Other Product Type), By End User (Hospital, Home Care Facility, Other End User), Region Report (North America, Europe, Asia Pacific, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)“.
Access your free copy of the latest sample report @ https://www.vantagemarketresearch.com/assistive-technology-market-1786/request-sample
Key industry findings and insights from the report:
- The global assistive technology market is valued at USD 21.8 billion in 2021 and is expected to surpass USD 28.8 billion by 2028, exhibiting a CAGR of 4.8% during the forecast period 2022-2028.
- In terms of revenue, the application segment is estimated to hold the largest revenue share in 2021 and maintain its dominance during the forecast period.
- In terms of revenue, the product segment is estimated to hold the second largest market share in 2021 and grow rapidly during the forecast period.
- This growth can be attributed to rapid urbanization, technological advancement and increased investment by developing countries.
- North America is expected to hold the largest share in 2021 and maintain its position over the forecast period. This may be due to the presence of a significant number of assistive technology industry companies and the high adoption rate due to government actions stimulating this industry in the region. This growth is primarily due to increased collaboration.
market dynamics:
driver:
Increasing obstacles across the globe driving market growth
The assistive technology market helps people with disabilities become less dependent on others and improve their quality of life. As the United Nations states, the world’s elderly population could reach 2 billion by 2050. Additionally, about 15% of the world’s population has a disability. Therefore, global market players offer a wide range of assistive technologies, devices and equipment for health disorders such as paralysis, deafness, leg injuries and disabilities. Consequently, such factors are estimated to drive the growth of the global assistive technology market during the forecast period.
Implementation of advanced technology to stimulate market growth
Leading manufacturers have invested heavily in highly developed assistive technology technologies and integrating research and development (R&D) activities for these technologies to provide customers with the best service and a better quality of life. . In addition, technological advances, especially in mobility aids, offer great potential for businesses. As a result, this will help the global assistive technology market to expand in the near future. Additionally, UNICEF and WHO called on industry, governments, donors and civil society to fund and prioritize access to support products/equipment.
This premium report is available for purchase @ ($4500 for a single user license). https://www.vantagemarketresearch.com/buy-now/assistive-technology-market-1786/0
Benefits of Purchasing the Assistive Technology Market Report:
- customer satisfaction: Our expert sales team is at your service 24/7.
- analyst support: Ask the analyst questions before or after purchasing the report.
- assured quality: Emphasis on report completeness and quality.
- unparalleled skill: Our analyst’s detailed insight is unmatched.
Segment analysis:
- product type
- mobility device
- visually impaired device
- deaf device
- Other product types
- End-user
- hospital
- home care settings
- Other end users
- region
- North America
- Europe
- Asia Pacific
- latin america
- Middle East and Africa
The Assistive Technology Market report highlights:
- Market evaluation
- Premium Insight
- competitive environment
- Historical Data, Estimates and Forecasts
- Company Profile
- Global and regional dynamics
Read the full research report @ https://www.vantagemarketresearch.com/industry-report/assistive-technology-market-1786
Regional analysis:
North America Dominates Global Assistive Technology Market
North America dominates the global assistive technology market and is likely to continue to do so during the forecast period. This is mainly due to important factors such as a large elderly population, increasing prevalence of several non-communicable diseases, and rising healthcare costs. As noted by the US CDC, in 2017, approximately 17.6 million adults had trouble walking their quarters of a mile, and approximately 38.2 million faced physical function problems. was In addition, increased investment in the adoption of technologically advanced assistive tools for persons with disabilities and the presence of various key manufacturers in the region are expected to drive the growth of the regional market in the future. Additionally, the US aging population base could reach 95 million by 2050.
List of prominent players in the assistive technology market:
- William Demant Holding A/S
- GF Health Products Co., Ltd.
- GN Store Node AS
- Inbacare Co., Ltd.
- Medical Depot Co., Ltd.
- Medline Industries Co., Ltd.
- nordic capital
- Pride Mobility Products Co., Ltd.
- Sunrise Medical Co., Ltd.
- Med-El Corporation
Browse 142 pages of tables and charts for market data and »Assistive Technology Market Size, Share & Trend Analysis By Product Type (Motor Impairment Device, Visual Impairment Device, Hearing Impairment Device, Other Product Type), By End User (Hospital, Home Care Facility, Other End User), Region Report (North America, Europe, Asia Pacific, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)“.
Recent developments:
May 2022: India’s first Technology Intervention Center for the Elderly and Disabled (CTIED) has been opened at the National Institute of Technology, Srinagar.
Key questions answered in the report:
- Which regions will show the fastest and highest growth in the near future?
- What are the top 5 players in the market and their weaknesses and strengths?
- What are the future innovations in the next six years?
- What applications and products have the largest share of the market?
- What are the industry growth drivers, constraints and challenges?
- What is the CAGR and size of the assistive technology market during the base year and forecast period?
Entitled Assistive Technology Market, this market covers exclusive information in terms of regional analysis, forecasts, and quantitative data – units, key market trends, and various other perspectives, as shown below .
| parameter | detail |
| Market Size Served Annually | 2016-2028 |
| base year | 2021 |
| historic year | 2016-2020 |
| Forecast year | 2022-2028 |
| Target segment |
|
| Areas and Counties Covered |
|
| Target company |
|
| report coverage | Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Technology Landscape, Patent Analysis, Market Attractiveness Analysis by Segment and North America, Company Market Share Analysis, and COVID -19 Impact Analysis |
Customizing reports:
Reports can be customized according to client needs and requirements. If you have any questions, please contact sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales representatives will be happy to understand your needs and provide you with the most suitable reports.
See other related reports:
- Dermal Fillers Market – The global dermal filler market is valued at USD 4.7 billion in 2021 and is projected to reach a value of USD 7.9 billion by 2028. ) at 9.2% over the forecast period.
- Mental Health Apps Market – The global mental health apps market is valued at USD 4.1 billion in 2021 and is projected to reach a value of USD 9.9 billion by 2028. The global market is expected to grow at a compound annual growth rate. (CAGR) is 15.9% over the forecast period.
- Injectable Drug Delivery Market – The global injectable drug delivery market was valued at US$ 16.8 billion in 2021 and is expected to reach a value of US$ 27.8 billion by 2028. 8.8% over the forecast period.
- Human Cat Allergy Market – The global human cat allergy market was valued at USD 3.9 billion in 2021 and is expected to reach a value of USD 5.46 billion by 2028. ) at 5.8% over the forecast period.
- Top Companies in Assistive Technology Market | Growth Analysis of Key Players.
About Vantage Market Research:
Vantage Market Research provides quality, quantified B2B research on over 20,000 emerging markets to help clients plan their business opportunities. As a competitive intelligence market research and consulting firm, we provide our clients with end-to-end solutions to achieve their critical business objectives. Our customer base spans 70% of the Global Fortune 500 companies. The company provides high quality data and market research reports. The company serves a wide variety of companies and clients in various industries. The company offers in-depth reports on multiple industries including chemicals and energy, food and beverages, healthcare technology and more. Our experienced team of analysts, researchers and consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyze information.
Follow us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
follow me on twitter: https://twitter.com/vantagemarketr
inquiry
Eric Kunz
6218 Georgia Ave NW Ste 1 – 564
Washington DC 20011-5125
USA Phone: +1 202 380 9727
e-mail: sales@vantagemarketresearch.com
website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Release @https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
blog:
.
Comments
Post a Comment