Market Analysis and Insights: Global Assistive Devices for Vulnerable Groups Market

Assistive technology is an umbrella term that includes assistive, adaptive, and rehabilitative devices for people with disabilities while also including the process used in selecting, locating, and using them. People who have disabilities often have difficulty performing activities of daily living (ADLs) independently, or even with assistance. ADLs are self-care activities that include toileting, mobility (ambulation), eating, bathing, dressing and grooming. Assistive technology can ameliorate the effects of disabilities that limit the ability to perform ADLs. Assistive technology promotes greater independence by enabling people to perform tasks they were formerly unable to accomplish, or had great difficulty accomplishing, by providing enhancements to, or changing methods of interacting with, the technology needed to accomplish such tasks. For example, wheelchairs provide independent mobility for those who cannot walk, while assistive eating devices can enable people who cannot feed themselves to do so. Due to assistive technology, people with disabilities have an opportunity of a more positive and easygoing lifestyle, with an increase in "social participation," "security and control," and a greater chance to "reduce institutional costs without significantly increasing household expenses."

Due to the COVID-19 pandemic, the global Assistive Devices for Vulnerable Groups market size is estimated to be worth US$ 22160 million in 2022 and is forecast to a readjusted size of US$ 33260 million by 2029 with a CAGR of 5.9% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Hearing Aids accounting for % of the Assistive Devices for Vulnerable Groups global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While For Elderly segment is altered to an % CAGR throughout this forecast period.

Market competition is not intense. Sonova Holding, William Demant, Invacare, Ottobock, Starkey, etc. are the leaders of the industry. Sonova Holding and William Demant are the top 2 of this industry with about 28% market shares.

Mexico, China, Africa, South America, India and Southeast Asia are the middle and low income countries we focused on in our report, and these six regions account for 19% of the whole global market. China is the largest consumption place of the middle/low income countries, with a consumption market share nearly 5% globally.

Global Assistive Devices for Vulnerable Groups Scope and Market Size

The global Assistive Devices for Vulnerable Groups market is segmented by company, region (country), by Type and by End Users. Players, stakeholders, and other participants in the global Assistive Devices for Vulnerable Groups market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by End Users for the period 2018-2029.


Segment by Type


Hearing Aids

Medical Mobility Aids & Ambulatory Devices

Vision & Reading Aids

Medical Furniture & Bathroom Safety Products

Others

Segment by End Users

For Elderly

For Disabled

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Sonova Holding

William Demant

Invacare

Ottobock

Starkey

GN ReSound

Sivantos

Cochlear

Widex

Sunrise Medical

Permobil Corp

MED-EL

Pride Mobility