Buy Our Report Now to gain complete insights into the market size, market behavior, regional growth opportunities, and much more.
Vendor Landscape
The global assistive technology market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of a large number of local and international players. International players offer a wide range of assistive technologies and offer devices and equipment for major health disabilities like leg injuries or disabilities, hearing disabilities, and paralysis. Local vendors mostly cater to people with particular diseases or for certain types of disabilities. This is resulting in intense competition in the regional markets. During the forecast period, the competition in the market is expected to further intensity with many companies making significant investments in emerging markets.
An increasing number of orthopedic and neurological disorders will create significant growth opportunities for market players. However, the high cost of mobility products might reduce the growth potential in the market. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Demant AS, Drive DeVilbiss Healthcare, GF Health Products Inc., GN Store Nord AS, Invacare Corp., MED-EL Elektromedizinische Gerate GmbH, Medline Industries Inc., Permobil AB, Sonova Holding AG, and Sunrise Medical LLC are identified as some of the major market participants.
View Our Report Sample for highlights on the vendor landscape and the factors impacting their growth.
Assistive Technology Market 2021-2025: Segmentation
The global assistive technology market is segmented as below:
- Device
- Sensory Aids
- Mobility Aids
- Others
The demand for sensory aids is significant in the market. The growth of the segment can be attributed to the rising focus on manufacturing products in compliance with industrial standards by leveraging advanced technologies. Also, the increasing demand for vision and reading aids, especially from the elderly and disabled population is contributing to the growth of the segment.
- Geography
- North America
- Europe
- Asia
- ROW
North America will account for 34% of the global market share. The substantial funding to improve healthcare facilities has ensured the availability of advanced products such as wheelchairs, mobility devices, and hearing devices. In addition, the increasing number of road accidents and the high prevalence of spinal injuries and orthopedic diseases are fostering the growth of the regional market.
Assistive Technology Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist assistive technology market growth during the next five years
- Estimation of the assistive technology market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the assistive technology market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of assistive technology market vendors
Related Reports
Assistive Technology Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.26% |
Market growth 2021-2025 |
USD 7.93 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.39 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Germany, Japan, UK, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Demant AS, Drive DeVilbiss Healthcare, GF Health Products Inc., GN Store Nord AS, Invacare Corp., MED-EL Elektromedizinische Gerate GmbH, Medline Industries Inc., Permobil AB, Sonova Holding AG, and Sunrise Medical LLC |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2 Market Characteristics
Exhibit 02: Market characteristics
2.3 Value chain analysis
Exhibit 03: Value chain analysis: Healthcare Technology Market
2.3.1 Medical device OEMs and software developers
2.3.2 Connectivity and enablement
2.3.3 Network services
2.3.4 Middleware and application platforms
2.3.5 Distribution channels
2.3.6 System integrators and service delivery
2.3.7 Application support and maintenance
2.3.8 Marketing and sales
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5. Market Segmentation by Device
5.1 Market segments
The segments covered in this chapter are:
- Sensory aids
- Mobility aids
- Others
Exhibit 15: Device - Market share 2020-2025 (%)
5.2 Comparison by Device
Exhibit 16: Comparison by Device
5.3 Sensory aids - Market size and forecast 2020-2025
Exhibit 17: Sensory aids - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Sensory aids - Year-over-year growth 2020-2025 (%)
5.4 Mobility aids - Market size and forecast 2020-2025
Exhibit 19: Mobility aids - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Mobility aids - Year-over-year growth 2020-2025 (%)
5.5 Others - Market size and forecast 2020-2025
Exhibit 21: Others - Market size and forecast 2020-2025 ($ million)
Exhibit 22: Others - Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Device
Exhibit 23: Market opportunity by Device
6. Customer landscape
Exhibit 24: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
The regions covered in the report are:
- North America
- Europe
- Asia
- ROW
Exhibit 25: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 26: Geographic comparison
7.3 North America - Market size and forecast 2020-2025
Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
7.5 Asia - Market size and forecast 2020-2025
Exhibit 31: Asia - Market size and forecast 2020-2025 ($ million)
Exhibit 32: Asia - Year-over-year growth 2020-2025 (%)
7.6 ROW - Market size and forecast 2020-2025
Exhibit 33: ROW - Market size and forecast 2020-2025 ($ million)
Exhibit 34: ROW - Year-over-year growth 2020-2025 (%)
7.7 Key leading countries
Exhibit 35: Key leading countries
7.8 Market opportunity by geography
Exhibit 36: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing number of orthopedic and neurological disorders
8.1.2 Growing demand for rehabilitation centers
8.1.3 Growing focus on compliance with industrial standards
8.2 Market challenges
8.2.1 High cost of mobility products
8.2.2 Presence of substitute products
8.2.3 Limited availability of assistive technology in rural markets
Exhibit 37: Impact of drivers and challenges
8.3 Market trends
8.3.1 Growing adoption of hearing aids with rechargeable batteries
8.3.2 Increase in development of new products
8.3.3 Growing demand for customization
9. Vendor Landscape
9.1 Vendor landscape
Exhibit 38: Vendor landscape
9.2 Competitive Scenario
9.3 Landscape disruption
Exhibit 39: Landscape disruption
Exhibit 40: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 41: Vendors covered
10.2 Market positioning of vendors
Exhibit 42: Market positioning of vendors
10.3 Demant AS
Exhibit 43: Demant AS - Overview
Exhibit 44: Demant AS - Business segments
Exhibit 45: Demant AS - Key offerings
Exhibit 46: Demant AS - Segment focus
10.4 Drive DeVilbiss Healthcare
Exhibit 47: Drive DeVilbiss Healthcare - Overview
Exhibit 48: Drive DeVilbiss Healthcare - Product and service
Exhibit 49: Drive DeVilbiss Healthcare – Key news
Exhibit 50: Drive DeVilbiss Healthcare - Key offerings
10.5 GF Health Products Inc.
Exhibit 51: GF Health Products Inc. - Overview
Exhibit 52: GF Health Products Inc. - Product and service
Exhibit 53: GF Health Products Inc. - Key offerings
10.6 GN Store Nord AS
Exhibit 54: GN Store Nord AS - Overview
Exhibit 55: GN Store Nord AS - Business segments
Exhibit 56: GN Store Nord AS – Key news
Exhibit 57: GN Store Nord AS - Key offerings
Exhibit 58: GN Store Nord AS - Segment focus
10.7 Invacare Corp.
Exhibit 59: Invacare Corp. - Overview
Exhibit 60: Invacare Corp. - Business segments
Exhibit 61: Invacare Corp. – Key news
Exhibit 62: Invacare Corp. - Key offerings
Exhibit 63: Invacare Corp. - Segment focus
10.8 MED-EL Elektromedizinische Gerate GmbH
Exhibit 64: MED-EL Elektromedizinische Gerate GmbH - Overview
Exhibit 65: MED-EL Elektromedizinische Gerate GmbH - Product and service
Exhibit 66: MED-EL Elektromedizinische Gerate GmbH – Key news
Exhibit 67: MED-EL Elektromedizinische Gerate GmbH - Key offerings
10.9 Medline Industries Inc.
Exhibit 68: Medline Industries Inc. - Overview
Exhibit 69: Medline Industries Inc. - Product and service
Exhibit 70: Medline Industries Inc. – Key news
Exhibit 71: Medline Industries Inc. - Key offerings
10.10 Permobil AB
Exhibit 72: Permobil AB - Overview
Exhibit 73: Permobil AB - Product and service
Exhibit 74: Permobil AB – Key news
Exhibit 75: Permobil AB - Key offerings
10.11 Sonova Holding AG
Exhibit 76: Sonova Holding AG - Overview
Exhibit 77: Sonova Holding AG - Business segments
Exhibit 78: Sonova Holding AG – Key news
Exhibit 79: Sonova Holding AG - Key offerings
Exhibit 80: Sonova Holding AG - Segment focus
10.12 Sunrise Medical LLC
Exhibit 81: Sunrise Medical LLC - Overview
Exhibit 82: Sunrise Medical LLC - Product and service
Exhibit 83: Sunrise Medical LLC – Key news
Exhibit 84: Sunrise Medical LLC - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objective
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 85: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 86: Research Methodology
Exhibit 87: Validation techniques employed for market sizing
Exhibit 88: Information sources
11.4 List of abbreviations
Exhibit 89: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article