Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

At 5.8% CAGR, Disabled And Elderly Assistive Technology Market Size to Hit USD 60.84 Bn, Globally by 2028 | Industry Trends, Share, Growth Rate, Value, Analysis & Forecast Report By Zion Market Research

This image opens in the lightbox

News provided by

Zion Market Research

23 Jun, 2022, 16:00 GMT

Share this article

Share toX

Share this article

Share toX

NEW YORK, June 23, 2022 /PRNewswire/ -- As per Zion Market Research study, The global disabled and elderly assistive technology market is forecasted to reach USD 60.84 billion by 2028, from USD 44.01 billion in 2021 growing at a 5.8% CAGR during the forecast period.

Key Industry Insights & Finding of the Disabled And Elderly Assistive Technology Market  Reports:

  • As per the analysis shared by our research analyst, the Disabled And Elderly Assistive Technology Market is expected to grow annually at a CAGR of around 5.8 % (2022-2028).
  • Through the primary research, it was established that the Disabled And Elderly Assistive Technology Market was valued approximately USD 44.01 Billion in 2021 and is projected to reach to roughly USD 60.84 Billion by 2028.
  • North America led the market, with the greatest market revenue, and this trend is likely to continue during the forecast period.
  • This is a result of an increase in demand for assistive equipment, an increase in the senior population, and the government's increased attention on patient safety in North America region.
  • Increase in health expenditures and advancements in healthcare infrastructure, Asia-Pacific is expected to rise at the fastest rate in the global elderly and disabled assistive technology market during the forecast period.

Zion Market Research published the latest report titled as  "Disabled And Elderly Assistive Technology Market By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, And Others), By End-Users (Hospitals, Adult Day Care Centers, Individuals & Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028." into their research database.

Disabled And Elderly Assistive Technology Market : Overview

Assistive technologies for handicapped and elderly people refer to the use of gadgets and software to help disabled and elderly people reduce their reliance on caregivers and improve lives of people. Devices and technology solutions are examples of assistive technologies. Conventional impairment gadgets including hearing aids, wheelchairs, and vision aids, as well as sophisticated solutions that help handicapped people live more positive lives by giving them greater control, security, and social involvement, are examples of gadgets.

Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.zionmarketresearch.com/sample/disabled-elderly-assistive-technology-market

Our Free Sample Report Includes:

  • 2022 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • 255 + Pages Research Report (Inclusion of Updated Research)
  • Provide Chapter-wise guidance on Request
  • 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of tables & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Zion Market Research methodology

Industry Dynamics:

Disabled And Elderly Assistive Technology Market : Growth Drivers

  • Evolution of assistive technologies and increases awareness to drive market growth.

The rising awareness among the general public about the benefits that these products offer such as improved safety, increased independence, and more comfortable life is a growth factor for this market. The availability of various types of assistive devices in different applications (hospitals, nursing homes) has also led to increasing demand for these products globally which will be another positive driving force over the forecast period.
The growth of the market can be attributed to an increasingly aging population,  higher prevalence of disabilities among seniors as well as rising number of accidents.

Disabled And Elderly Assistive Technology Market : Restraints

  • Low reimbursement from medical insurers restrains the growth of market.

Insurance companies provide medical insurance, but these do not include reimbursement for assistive devices. In case of an accident, or adult imparity, the temporary medical expenses are provided by the companies. But the main expense occurs in the aftermath that includes the regular use of assistive devices. This causes financial constraints for patients, and thus several potential customers do not invest in such devices causing an obstacle for the growth of the disabled and elderly assistive technology market. 

Directly Purchase a Copy of the Report @ https://www.zionmarketresearch.com/buynow/su/disabled-elderly-assistive-technology-market

Global Disabled And Elderly Assistive Technology Market : Opportunities

  • Growth of independent lifestyle to provide opportunities for market growth.

The international demand for disabled and elderly assistive technologies is driven by an increase in the number of the elderly population & disabled people, changes in lifestyle, the availability of disabled & elderly assistive products, and a rising demand for assistive devices due to the growing trend of living independently. Furthermore, R&D operations for these technologies are increasing continuously. People have increased awareness and increased value for improved medical conditions, which are expected to give profitable growth prospects for the industry.

Global Disabled And Elderly Assistive Technology Market : Challenges

  • Costly assistive technology to pose major challenges for market expansion

The rising price of medical devices along with the surging low compensation from medical insurers are the key points likely to challenge the expansion of the global market during the forecast period.

Global Disabled And Elderly Assistive Technology Market : Segmentation

  • The global market is divided on the basis of technology, end-user, and region.

Based on the product type, the global elderly and disabled assistive technology market is divided into mobility assistance aids, assistive furniture, bathroom safety & assistive products, communication aids, and others. Mobility assistance aids segment dominated the market in 2021 and expected to remain dominant over the forecast period

Based on end-user, the market is categorized into hospitals, adult daycare centers, individuals & others. Hospitals have a significant market share due to the increasing number of patients.

Get More Insight before Buying@ : https://www.zionmarketresearch.com/inquiry/disabled-elderly-assistive-technology-market

List of Key Players of Disabled And Elderly Assistive Technology Market :

  • Pride Mobility Products Corporation
  • AI Squared
  • Invacare
  • Drive Medical
  • Siemens Ltd
  • Whirlpool Corporation
  • GN Resound Group

Key questions answered in this report:

  • What are the growth rate forecast and market size for Disabled And Elderly Assistive Technology Market ?
  • What are the key driving factors propelling the Disabled And Elderly Assistive Technology Market forward?
  • What are the most important companies in the Disabled And Elderly Assistive Technology Market Industry?
  • What segments does the Disabled And Elderly Assistive Technology Market cover?
  • How can I receive a free copy of the Disabled And Elderly Assistive Technology Market sample report and company profiles?

Report Scope:

Report Attribute

Details

Market size value in 2021

USD 44.01 Billion

Revenue forecast in 2028

USD 60.84 Billion

Growth Rate

CAGR of almost 5.8 % 2022-2028

Base Year

2020

Historic Years

2016 - 2021

Forecast Years

2022 - 2028

Segments Covered

By Product Type, By Application, and By End Use

Forecast Units

Value (USD Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2022 to 2028

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Companies Covered

Pride Mobility Products Corporation,AI Squared,Invacare,Drive Medical,Siemens Ltd,Whirlpool Corporation,GN Resound Group

Report Coverage

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization Scope

Avail customized purchase options to meet your exact research needs.  

https://www.zionmarketresearch.com/custom/3305

 Free Brochure: https://www.zionmarketresearch.com/requestbrochure/disabled-elderly-assistive-technology-market

Recent Developments

  • In September 2016, a Netherlands-located hearing aid producer, AudioNova, was acquired by Sonova Holding AG. This purchase assisted Sonova to reinforce its mark in Europe, by increasing the number of retail stores by twofold.
  • In November 2019, an innovative Senior Care technology for the inhabitants at the flagship Manhattan Community of Welltower was launched through a partnership between Sunrise Senior Living Inc. and Royal Philips. The association shall have a robust service portfolio globally.
  • In May 2022, the first Centre for Technology Intervention for the Elderly and Disabled (CTIED) of India was inaugurated at National Institute of Technology Srinagar.

Regional Dominance:

  • Asia Pacific to lead global market due to increased expenditure in healthcare infrastructure.

In 2021, North America led the market, with the greatest market revenue, and this trend is likely to continue during the forecast period. This is a result of an increase in demand for assistive equipment, an increase in the senior population, and the government's increased attention on patient safety in this region. Moreover, technological developments and developed sales channels are also helping in the market's regional growth.

Due to an increase in health expenditures and advancements in healthcare infrastructure, Asia-Pacific is expected to rise at the fastest rate in the global elderly and disabled assistive technology market during the forecast period.

Global Disabled And Elderly Assistive Technology Market  is segmented as follows:

Disabled And Elderly Assistive Technology Market : By Product Outlook (2022-2028)

  • Mobility Assistance Aids
  • Assistive Furniture
  • Bathroom Safety and Assistive Products
  • Communication Aids
  • Others

Disabled And Elderly Assistive Technology Market : By End-User Outlook (2022-2028)

  • Hospitals
  • Adult Day Care Centers
  • Individuals
  • Others

Disabled And Elderly Assistive Technology Market : By Region Outlook (2022-2028)

North America

  • The U.S.
  • Canada

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Press Release For Disabled And Elderly Assistive Technology Market : https://www.zionmarketresearch.com/news/global-disabled-and-elderly-assistive-technology-market

Browse Other Related Research Reports from Zion Market Research

  • Quadriplegia Treatment Market - Global Industry Analysis: The global quadriplegia treatment market is projected to grow with a compound annual growth rate (CAGR) of approximately 4.2 percent during the forecast period.
  • Healthcare E-Commerce Market - Global Industry Analysis: The global Healthcare E-Commerce Market accrued earnings worth approximately 353.1 (USD Billion) in 2020 and is predicted to gain revenue of about 840.1 (USD Billion) by 2028, is set to record a CAGR of nearly 17.1% over the period from 2021 to 2028.
  • Orthopedic Soft Tissue Repair Market - Global Industry Analysis: The global Orthopedic Soft Tissue Repair Market accrued earnings worth approximately 5.7 (USD Billion) in 2020 and is predicted to gain revenue of about 11.2 (USD Billion) by 2028, is set to record a CAGR of nearly 6.4% over the period from 2021 to 2028.

Browse through Zion Market Research's coverage of the Global Healthcare Industry

Follow Us on: LinkedIn | Twitter | Facebook

About Us

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com/
Blog : https://zmrblog.com/ | Market Business Insights

Logo: https://mma.prnewswire.com/media/1605489/Zion_Market_Research_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.