Elderly and Disabled Assistive Devices Market: Global Trends, Share, Size, Growth, Opportunity, and Forecast 2019-2027

Assistive tools and technology reduce a person's reliance on others and enhance their quality of life. Wheelchairs, sight and hearing aids, as well as specialized computer hardware and software, are examples of devices that help the elderly and disabled communicate or move around more easily. A post from the Assistive Technology Blog (ATB) in September 2016 stated that every year, there are about 7.7 million new instances of dementia reported. By 2050, there will be 135.5 million people worldwide suffering from dementia, according to predictions. Patients with dementia are helped by gadgets including clocks and reminders, fall detectors, activity monitors, intercoms, and computer aides.

The goal of the Elderly and Disabled Assistive Devices Market for disabled and geriatric patients is to improve their quality of life and accessibility via the use of a variety of gadgets. Additionally, these technologies include things that people who aren't independent could use. The Elderly and Disabled Assistive Devices Market may now move, read, listen, and perform other daily tasks with the help of technology.

The growing demand for technologically improved assistive devices around the world is anticipated to bring in substantial revenues for makers of gadgets for the elderly and crippled. The global Elderly and Disabled Assistive Devices Market is anticipated to be primarily driven by the constantly expanding geriatric population and the rising disabilities caused by various diseases and aging.

Over 1 billion individuals worldwide need one or more assistive devices, according to data from the World Health Organization (WHO). More than 2 billion individuals will require an assistive device by 2030 due to global population aging and an increase in non-communicable diseases, with many older people requiring two or more devices. The use of assistive technology can greatly help the elderly and disabled preserve their independence in their daily lives.

Key Players

The aged and disabled assistive devices industry is dominated by a number of well-known companies, such as Sunrise Medical LLC, GN ReSound Group, Sonova Holding AG, Starkey Hearing Technologies, and William Demant Holding A/S.