Elderly And Disabled Assistive Devices Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theElderly And Disabled Assistive Devices Market?
The expected growth of assistive tools for the elderly and disabled is linked to the escalating number of disabilities. A disability significantly hinders an individual’s capacity to undertake certain tasks or utilize societal resources. The uptick in disabilities can be attributed to various contributing factors, like an aging population, chronic health disorders, and inherent genetic reasons. For individuals with disabilities, assistive devices for the elderly and disabled are beneficial for facilitating autonomous living, enhancing life quality, and curtailing healthcare expenses. For example, the House of Commons Library of the UK Parliament reported in October 2024 that there is an upward trend in disability rates with age. In 2022/23, approximately 11% of UK children were found to be disabled, in contrast to 23% of working adults and a whopping 45% of those who were of state pension age or older. As a result, the surging prevalence of disabilities is fuelling the expansion of the market for assistive devices for the elderly and disabled.
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#What is the Projected CAGR for the Elderly And Disabled Assistive Devices Market Size from 2025 to 2034?
The market for assistive devices for the elderly and disabled has experienced significant growth in the past few years. The market size is predicted to increase from $26.49 billion in 2024 to $28.66 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. Factors contributing to this growth during the historic period include an increase in chronic health conditions, higher life expectancy, a rise in road accidents, a growing aging population, and a surge in disability rates.
Anticipations point towards a robust expansion in the market for assistive devices for the elderly and the disabled. The sector’s value is projected to reach $38.79 billion by 2029, developing at a compound annual growth rate (CAGR) of 7.9%. The said growth for the projected period is primarily due to the escalating demand for such devices, a surge in hospitalization for treatments, growing expenses on healthcare, an increase in the occurrences of mobility issues, and a heightened request for at-home care services. Noteworthy trends for the forecast period encompass the incorporation of smart technologies, communication device advancements, modern assistive tools, intelligent home appliances, and novel advancements in wearable technology.
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Which Upcoming Market Trends and Innovations Are Set to Influence theElderly And Disabled Assistive Devices Market’s Path Forward?
Leading companies in the market for assistive devices for the elderly and disabled are forming alliances to create integrated solutions aimed at boosting user mobility, autonomy, and life quality. These alliances are strategically designed to foster the creation of new solutions tailored to meet the intricate needs of the aging and disabled population, leading to the creation of more user-friendly products that are also highly effective and easily accessible. In July 2023, for instance, University College London (UCL) in the UK and the Indian Institute of Technology collaborated to push forward innovation in disability through assistive technology, an initiative aimed at enhancing the life quality of people with disabilities. The core of this initiative is to harness breakthrough technologies to develop innovative responses to the unique hardships faced by persons with disabilities, especially in India. Similarly, in January 2024, the Indian Central government and the All India Institute of Medical Sciences (AIIMS) launched a cooperative initiative aimed at supplying assistive devices to individuals with disabilities, an endeavor that underscores the government’s dedication to boosting the life quality of people with disabilities through ensuring their access to the necessary aid and appliances.
Who Are the Dominant Market Players Pushing the Boundaries of theElderly And Disabled Assistive Devices Market?
Major companies operating in the elderly and disabled assistive devices market are Siemens AG, Bausch And Lomb Inc., Sonova Holding AG, William Demant Holding A/S, Starkey Hearing Technologies Limited, Invacare Corporation, NOVA Medical Inc., Permobil AB, Sunrise Medical LLC, Drive DeVilbiss Healthcare Limited, Pride Mobility Products Corporation, GF Health Products Inc., Handicare Group AB, Carex Health Brands Inc., AI Squared, Audina Hearing Instruments Inc., Blue Chip Medical Products Inc., New Century Products Co. Ltd, Kaye Products Inc., Magic Mobility Ltd.
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What Are the Core Segments of the Elderly And Disabled Assistive Devices Market, and How Do They Contribute to Growth?
The elderly and disabled assistive devices market covered in this report is segmented –
1) By Device Types: Medical Mobility Aids And Ambulatory Devices, Medical Furniture And Bathroom Safety Products, Hearing Aids, Vision And Reading Aids
2) By Distribution Channel: Online Channels, Offline Channels
3) By End-User: Hospitals, Homecare Settings, Nursing Homes, Assisted Living Facilities, Other End-Users
Subsegments:
1) By Medical Mobility Aids And Ambulatory Devices: Wheelchairs, Walkers, Scooters, Crutches And Canes, Lift Chairs And Recliners, Stair Lifts And Elevators
2) By Medical Furniture And Bathroom Safety Products: Adjustable Beds And Mattresses, Bedside Rails And Transfer Benches, Shower Chairs And Stools, Raised Toilet Seats And Toilet Aids, Grab Bars And Non-Slip Mats, Overbed Tables And Chairs, Bath Lifts
3) By Hearing Aids: Behind-The-Ear (Bte) Hearing Aids, In-The-Ear (Ite) Hearing Aids, In-The-Canal (Itc) Hearing Aids, Completely-In-The-Canal (Cic) Hearing Aids, Bone-Anchored Hearing Aids (Baha), Hearing Amplifiers
4) By Vision And Reading Aids: Magnifiers, Reading Glasses And Optical Aids, Electronic Text Readers, Talking Watches And Clocks, Screen Magnification Software And Devices, Braille Learning Tools And Aids, Voice-Activated Assistive Technology For Vision Impairment
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What Regions Are Dominating the Elderly And Disabled Assistive Devices Market Growth?
North America was the largest region in the elderly and disabled assistive devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elderly and disabled assistive devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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