Global Assistive Technology Market Report, 2023-2030: Featuring Major Players Cochlear, Starkey Hearing Technologies, Sonova Holding & Sunrise Medical Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Assistive Technology Market, By Product Type, By Disability Type, By Age Group, By Distribution Channel, and By Geography – Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.
Many people who learn and think differently use tools to help them work around their challenges. These tools are called Assistive Technology or AT. The term AT refers to any device or software that helps a person with a disability do something they cannot do on their own. People use AT at home, in schools and on the job. For example, a student with a visual impairment might use a slant board to assist with writing or a talking calculator when working on math. In the classroom, a student with a motor impairment might use flexible furniture or an exercise ball to improve gross motor movement. Students with speech disabilities benefit from assistive technologies that support communication such as a stuttering app, voice-to-text programs and word prediction software.
Market Dynamics:
The global population is aging and the demand for assistive technologies to assist the geriatric population is rising. Mobility aids, hearing aids, and vision enhancement devices help older individuals maintain their independence and quality of life through the use of assistive technology.
However, the cost is a significant market constraint for AT. Numerous AT solutions, such as sophisticated prosthetics, communication devices, and mobility aids, can be costly, making them unaffordable for some people with disabilities. The costly development and manufacturing costs of AT devices contribute to their inflated prices. Insufficient insurance coverage and a lack of funding options further impede access to assistive technology.
Key features of the study:
- This report provides in-depth analysis of the global assistive technology market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global assistive technology market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global assistive technology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global assistive technology market
Detailed Segmentation:
Global Assistive Technology Market, By Product Type:
- Mobility Devices
- Hearing Aids
- Vision and Reading Aids
- Communication Devices
- Daily Living Aids
- Prosthetics and Orthotics
- Assistive Software and Apps
- Others (cognitive aids, sensory stimulation devices, environmental control systems)
Global Assistive Technology Market, By Disability Type:
- Mobility Impairment
- Hearing Impairment
- Visual Impairment
- Speech and Language Impairment
- Cognitive Impairment
- Others (autism, developmental disorders, multiple disabilities)
Global Assistive Technology Market, By Age Group:
- Children
- Adults
- Elderly
Global Assistive Technology Market, By Distribution Channel:
- Retail Stores
- Online Retail
- Healthcare Institutions
- Others (specialty stores, assistive technology centers)
Global Assistive Technology Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profile:
- Invacare Corporation
- Ottobock SE & Co. KGaA
- Sonova Holding AG
- GN Store Nord A/S
- MED-EL
- Cochlear Limited
- Permobil AB
- Sunrise Medical LLC
- Tobii AB, ResMed Inc.
- Sivantos Group
- Ai-Media
- Phonak AG
- Starkey Hearing Technologies
- Dynavox Systems LLC
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For more information about this report visit https://www.researchandmarkets.com/r/t1fq3t
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