Assistive Technology (AT) Market to Grow by USD 6.3 Billion from 2025-2029, Driven by Rising Orthopedic & Neurological Disorders, with AI Impact - Technavio

NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global Assistive technology (AT) market size is estimated to grow by USD 6.3 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  4.5%  during the forecast period. Rising number of orthopedic and neurological disorders is driving market growth, with a trend towards growing consumer awareness of health and wellness in urban areas. However, high cost of mobility products  poses a challenge. Key market players include Boundless Assistive Technology LLC, Demant AS, Freedom Scientific Inc., GF Health Products Inc., GN Store Nord AS, Invacare Corp., Karma Medical Products Co. Ltd., MED EL Medical Electronics., Medical Depot Inc., Medline Industries LP, NOVA Medical Products, Ossenberg GmbH, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, Persona Medical, Pride Mobility Products Corp., Sonova AG, Starkey Laboratories Inc., and Sunrise Medical LLC.

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Assistive Technology (AT) Market Scope
Report Coverage	Details
Base year	2024
Historic period	2019 - 2023
Forecast period	2025-2029
Growth momentum & CAGR	Accelerate at a CAGR of 4.5%
Market growth 2025-2029	USD 6300.9 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	4.3
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	Europe at 37%
Key countries	US, Germany, Japan, UK, Canada, China, France, India, Brazil, and UAE
Key companies profiled	Boundless Assistive Technology LLC, Demant AS, Freedom Scientific Inc., GF Health Products Inc., GN Store Nord AS, Invacare Corp., Karma Medical Products Co. Ltd., MED EL Medical Electronics., Medical Depot Inc., Medline Industries LP, NOVA Medical Products, Ossenberg GmbH, Ostrich Mobility Instruments Pvt. Ltd., Ottobock SE and Co. KGaA, Permobil AB, Persona Medical, Pride Mobility Products Corp., Sonova AG, Starkey Laboratories Inc., and Sunrise Medical LLC

Market Driver

Assistive technology vendors are prioritizing strategies such as faster delivery processes and mass customization to meet the unique needs of individuals with disabilities. Mass customization involves technological advances like computer-aided designing, add-on features, and equipment adjustments. Companies like Permobil AB and Sunrise Medical LLC offer customizable templates for customers to personalize their final product designs. This differentiation through personalized solutions and continuous updates fosters competitiveness and market growth. The assistive technology market is expected to thrive due to these factors, catering to various disabilities, including mobility, visual, hearing, and cognitive impairments. 

Assistive technology is experiencing significant growth in the healthcare industry, particularly in the areas of patient safety and functional capabilities for those with accidents or admitted as inpatients. Medical beds, recliner chairs, and transferred lifts are popular solutions for road traffic accident victims and those with non-fatal injuries. The Neurological Alliance highlights the importance of assistive technology for individuals with neurological disorders, orthopaedic conditions, epilepsy, and learning disabilities. The market for assistive products, including muscle action aids and weight-bearing devices, is expanding in developing economies due to increasing healthcare expenditure and disposable incomes. Nordic Capital's investment in this sector underscores the acceptance rate of these technologies. Product types range from mobility aids, hearing aids, and vision enhancement devices, with disability types and age groups varying widely. GlobalFoundries' advancements in AI, ML, and IoT are driving innovation in assistive technology, with user-centered design ensuring these solutions meet the unique needs of individuals. Despite high costs and lack of awareness, the potential benefits make assistive technology a worthwhile investment for improving patient security and enhancing functional capabilities. 

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 Market Challenges

•         The assistive technology market, specifically the wheelchair segment, experiences a significant price disparity between manual and electric wheelchairs. Manual wheelchairs, considered entry-level products, are more affordably priced, often under USD100. In contrast, electric wheelchairs, with added features like power, stability, and balance, can cost over USD950. This price difference influences consumer purchasing decisions, particularly in developing countries where the affordability of electric wheelchairs is a barrier. Local vendors offer lower-priced alternatives, enabling rapid adoption. However, the need for battery replacements, costing between USD70 and USD450, further increases the overall cost. Additionally, lack of government reimbursements in many countries restricts electric wheelchair adoption, negatively impacting the global assistive technology market growth.

•         The Assistive Technology Market caters to people with disabilities, addressing various product types such as mobility aids, hearing aids, and vision enhancement devices. Disability types range from visual and auditory impairments to mobility limitations. Age groups span from children to the elderly. Companies like GlobalFoundries innovate with AI, ML, IoT, and wearable technology for user-centered designs. High costs and lack of awareness pose challenges. Apple's Apple Vision Pro and Envision Glasses, Body Vision Medical's Smart Vision Device, and Mediflex's offerings are proactively addressing these needs. World Braille Day and Vision-Aid promote awareness. Functional abilities are enhanced through assistive equipment in clinics, home care, hospitals, and other settings. Reading aids and sensory aids are other product types. Rising costs and poor adoption rates call for modern techniques and proactiveness. Emerging economies offer opportunities for growth.

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Segment Overview 

This assistive technology (at) market report extensively covers market segmentation by  

• End-user
• Hospitals
• Homecare Settings
• Others
• Device
• Sensory Aids
• Mobility Aids
• Others
• Geography
• North America
• Europe
• Asia
• Rest Of World (ROW)

1.1 Hospitals-  The assistive technology market in the hospital segment has experienced steady growth due to the increasing number of hospitals providing advanced healthcare services and equipment for patients. Hospitals cater to a large number of patients daily, making them significant end-users of assistive technology devices such as wheelchairs, mobility aids, and hearing devices. With a focus on advanced facilities and integrated operating rooms, hospitals continue to invest in patient positioning devices and other assistive technology. The aging population is particularly susceptible to orthopedic conditions like arthritis and spinal deformities, leading to a rise in demand for these solutions. Vendors like GF Health Products Inc., NOVA Medical Products, and others offer advanced assistive technology worldwide, with a focus on new designs and technology tailored to the needs of elderly and disabled individuals. Innovation is a key concern in the hospital segment, driving growth in the global assistive technology market. According to the Centers for Disease Control and Prevention (CDC), one in two women and one in four men in the US suffer from osteoporosis-related fractures. This increasing incidence of orthopedic disorders necessitates the use of better assistive technology, further fueling market growth.

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Research Analysis

The Assistive Technology market caters to people with disabilities by providing product types that enhance their functional abilities. These products include gadgets and equipment designed for various disability types, such as orthopaedic disorders, neurological disorders, epilepsy, and learning disabilities. The age group for these products ranges from children to the elderly. GlobalFoundries' AI, ML, and IoT technologies are increasingly being integrated into assistive technology to improve user experience and functionality. Wearable technology and user-centered design are key trends in this market, with a focus on functional capabilities and innovations. Assistive products are essential in clinics, home care, and other settings to help disabled people lead more independent lives. Developing economies are witnessing significant growth in the adoption of assistive technology due to increasing awareness and affordability.

Market Research Overview

Assistive technology refers to devices and gadgets designed to enhance the functional capabilities of people with disabilities, including those with visual, auditory, mobility, and cognitive impairments. The market encompasses a wide range of product types, such as reading aids, sensory aids, mobility aids, hearing aids, and vision enhancement devices. These technologies cater to various disability types and age groups, from children to the elderly. GlobalFoundries, along with other tech giants, is exploring the use of AI, ML, IoT, and wearable technology to develop innovative assistive solutions. User-centered design is a crucial aspect of creating effective assistive equipment. Mobility aids, such as wheelchairs and transfer lifts, are essential for people with mobility impairments. Hearing aids and vision enhancement devices help those with auditory and visual impairments, respectively. High costs and lack of awareness remain significant challenges in the market. Apple's upcoming Apple Vision Pro and Envision Glasses are generating buzz in the assistive technology space. Other notable companies include Body Vision Medical, Mediflex, and Smart Vision Device. World Braille Day and organizations like Vision-Aid are raising awareness for people with vision impairments. Functional abilities and assistive equipment are essential in clinics and home care settings, with hospitals being a significant segment. Accidents, admitted patients, and medical beds are common use cases for assistive technology in hospitals. Recliner chairs, transferred lifts, and patient security systems are also essential in ensuring patient safety. Assistive technology is vital for people with orthopaedic disorders, neurological disorders, learning disabilities, and epilepsy. Muscle action and weight-bearing load are critical factors in the design of assistive equipment. Developing economies present opportunities for acceptance and adoption of assistive technology, with Nordic Capital and other investors showing interest in the sector. Healthcare expenditure and disposable incomes are key drivers of the market. Poor adoption rates and emerging economies present challenges for the market. Modern techniques and proactiveness in addressing health circumstances are essential for driving growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• End-user
• Hospitals
• Homecare Settings
• Others
• Device
• Sensory Aids
• Mobility Aids
• Others
• Geography
• North America
• Europe
• Asia
• Rest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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