PUBLISHER: TechNavio | PRODUCT CODE: 1453800
PUBLISHER: TechNavio | PRODUCT CODE: 1453800
The assistive technology market is forecasted to grow by USD 6.60 bn during 2023-2028, accelerating at a CAGR of 4.91% during the forecast period. The report on the assistive technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of orthopedic and neurological disorders, growing demand for rehabilitation centers using assistive technology, and increasing focus on compliance with industrial standards.
Technavio's assistive technology market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 4.25% |
CAGR | 4.91% |
Incremental Value | $6.60bn |
By End-user
By Device
By Geographical Landscape
This study identifies the rising demand for assistive technology in customization as one of the prime reasons driving the assistive technology market growth during the next few years. Also, growing consumer awareness of health and wellness in urban areas and increasing online retail sales will lead to sizable demand in the market.
The report on the assistive technology market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading assistive technology market vendors that include Boundless Assistive Technology, Demant AS, Freedom Scientific Inc., GF Health Products Inc., GN Store Nord AS, Invacare Corp., Karma Medical Products Co. Ltd., MED EL Elektromedizinische Gerate GmbH, Medical Depot Inc., Medline Industries LP, NOVA Medical Products, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, Persona Medical, Pride Mobility Products Corporation, Sonova Holding AG, Starkey Laboratories Inc., Sunrise Medical LLC, and Ossenberg GmbH. Also, the assistive technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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