Assistive Technology (AT) Devices Market Leading Players, Market Growth, Size, Types, and Forecasts

Assistive technology devices are products, equipment, or devices that are used to increase, improve, or maintain functional capabilities of the people with disabilities. These devices do not include surgically implanted medical devices. Assistive technology devices used by disabled people can be hardware tools, software tools, or stand-alone devices. Assistive technology devices are available in several types to address different functional capabilities of the people with different disabilities. These devices are manufactured to support vocational aids, assistive listening and environmental aids, aids for daily living, academic and learning aids, mobility aids, and others. Assistive technology devices help disable people perform everyday tasks such as cooking, dressing, and eating and provide assistance to them to make them self-dependent. Assistive technology devices help overcome impairments and secondary health conditions.

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Government initiatives to offer assistance for development of national policies and programs regarding assistive devices and technologies with a focus on human resource development are likely to drive the global market for assistive technology devices during the forecast period. Advancements in health care facilities, rising number of collaborations between health care providers and insurance companies, and growing awareness regarding assistive technology devices are major factors driving the global assistive technology devices market. Furthermore, growing elderly population and rising incidence of chronic diseases such as arthritis, diabetes, and obesity are generating high demand for assistive technology devices in developed countries. High costs of devices and low awareness about assistive technology devices in low-income countries are major restraining factors for the global assistive technology devices market. According to the WHO, only 5%–15% of people that need assistive devices and technologies have access to them in several low-income and middle-income countries. Growing popularity of assistive technology devices among people has generated high demand for these devices, which provides immense growth opportunities for established as well as emerging market players.

The global assistive technology devices market can be segmented based on device type, indication, end-user, and region. In terms of device type, the global assistive technology devices market has been segmented into mobility impairment devices, visual impairment devices, hearing impairment devices, and others. The mobility impairment devices segment has been sub-segmented into wheelchairs, transfer devices, walkers, and prosthesis. The visual impairment devices segment has been sub-divided into wearable devices, screen readers, braille & braille embossers, and others.

Key players operating in the global assistive technology devices market are:
MED-EL, Medical Depot (Drive Medical), GF Health Products, William Demant Holding A/S, Invacare Corporation, Hearing Health & Technology Matters, LLC, and Sunrise Medical.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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