Assistive Devices for Vulnerable Groups Market

Assistive technology is an umbrella term that includes assistive, adaptive, and rehabilitative devices for people with disabilities while also including the process used in selecting, locating, and using them. People who have disabilities often have difficulty performing activities of daily living (ADLs) independently, or even with assistance. ADLs are self-care activities that include toileting, mobility (ambulation), eating, bathing, dressing and grooming. Assistive technology can ameliorate the effects of disabilities that limit the ability to perform ADLs. Assistive technology promotes greater independence by enabling people to perform tasks they were formerly unable to accomplish, or had great difficulty accomplishing, by providing enhancements to, or changing methods of interacting with, the technology needed to accomplish such tasks. For example, wheelchairs provide independent mobility for those who cannot walk, while assistive eating devices can enable people who cannot feed themselves to do so. Due to assistive technology, people with disabilities have an opportunity of a more positive and easygoing lifestyle, with an increase in "social participation," "security and control," and a greater chance to "reduce institutional costs without significantly increasing household expenses."
Assistive Devices for Vulnerable Groups Market aims to provide a comprehensive presentation of the global market for Assistive Devices for Vulnerable Groups, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Assistive Devices for Vulnerable Groups. Assistive Devices for Vulnerable Groups Market contains market size and forecasts of Assistive Devices for Vulnerable Groups in global, including the following market information:
Global Assistive Devices for Vulnerable Groups Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Assistive Devices for Vulnerable Groups market was valued at US$ 22800 million in 2022 and is projected to reach US$ 33490 million by 2029, at a CAGR of 5.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market competition is not intense. Sonova Holding, William Demant, Invacare, Ottobock, Starkey, etc. are the leaders of the industry. Sonova Holding and William Demant are the top 2 of this industry with about 28% market shares.
Mexico, China, Africa, South America, India and Southeast Asia are the middle and low income countries we focused on in our report, and these six regions account for 19% of the whole global market. China is the largest consumption place of the middle/low income countries, with a consumption market share nearly 5% globally.
We surveyed the Assistive Devices for Vulnerable Groups companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Assistive Devices for Vulnerable Groups Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Assistive Devices for Vulnerable Groups Market Segment Percentages, by Type, 2022 (%)
Hearing Aids
Medical Mobility Aids & Ambulatory Devices
Vision & Reading Aids
Medical Furniture & Bathroom Safety Products
Others
Global Assistive Devices for Vulnerable Groups Market, by End Users, 2018-2023, 2024-2029 ($ millions)
Global Assistive Devices for Vulnerable Groups Market Segment Percentages, by End Users, 2022 (%)
For Elderly
For Disabled
Others
Global Assistive Devices for Vulnerable Groups Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Assistive Devices for Vulnerable Groups Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Assistive Devices for Vulnerable Groups revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Assistive Devices for Vulnerable Groups revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Sonova Holding
William Demant
Invacare
Ottobock
Starkey
GN ReSound
Sivantos
Cochlear
Widex
Sunrise Medical
Permobil Corp
MED-EL
Pride Mobility
Outline of Major Chapters:
Chapter 1: Introduces the definition of Assistive Devices for Vulnerable Groups, market overview.
Chapter 2: Global Assistive Devices for Vulnerable Groups market size in revenue.
Chapter 3: Detailed analysis of Assistive Devices for Vulnerable Groups company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by end users, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Assistive Devices for Vulnerable Groups in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.