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The sensory aids segment will generate maximum income in the assistive technology market, due to the increasing prevalence of bilateral hearing loss and the expansion of the geriatric population. In terms of geography, North America will present significant opportunities for market vendors due to factors such as the growth of advanced healthcare facilities, increase in healthcare spending, and the presence of government organizations such as Medicaid, which provide medical assistance to people in need. limited income and financial resources.
Assistive Technology Market: Main Growth Drivers
The following factors are expected to drive the market growth during the forecast period:
- Growing number of orthopedic and neurological disorders
- Growing demand for rehabilitation centers
- Growing emphasis on meeting industry standards
Further, the report identifies the growing adoption of hearing aids with rechargeable batteries as a major trend in the assistive technology market. Rechargeable lithium ion and zinc batteries provide improved power over traditional rechargeable batteries. They are non-toxic and non-flammable and can be used for a lifetime for hearing aids. In addition, several vendors in the market are focused on developing silver-zinc rechargeable batteries which are safe for users and environmentally friendly.
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Assistive Technology Market: Key Vendor Offerings
Dismantling like: The company is involved in the development, manufacture and sale of products and equipment that help people with hearing loss connect and communicate with other people. Some of the hearing aids offered by the company are Oticon, Bernafon, and Sonic.
Drive DeVilbiss Healthcare: The company manufactures and offers electrically operated lifts such as Samsoft 175 V2 Lifter.
GF Health Products Inc .: The company offers a wide range of assistive technology products such as folding walkers, non-folding rollators, healthcare seats.
GN Store Nord AS: The company is involved in the development, manufacture and sale of innovative audio devices around the world.
Invacare Corp .: The company is involved in the development, manufacture and sale of motorized mobility products such as Invacare TDXSP2 with LiNX technology.
Reasons for Buying Assistive Technology Market Report:
- Market CAGR during the forecast period 2021-2025
- Detailed information on the factors that will contribute to the growth of the assistive technology market over the next five years
- Estimating the size of the assistive technology market and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the assistive technology market through North America, Europe, Asiaand ROW
- Market competitive landscape analysis and detailed supplier information
- Complete details on factors that will challenge the growth of Assistive Technology Market vendors
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Related health care reports include:
Global Cochlear Implants Market – The global cochlear implants market is segmented by product (unilateral and bilateral) and geography (North America, Europe, Asiaand ROW).
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Global Wearable Medical Device Market – The global wearable medical devices market is segmented by application (therapeutic medical devices and diagnostic and monitoring medical devices) and geography (Asia, Europe, North Americaand ROW).
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