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The Global Elderly and Disabled Assistive Solutions Market size is projected to increase by USD 15.60 billion at a CAGR of 8.09% between 2023 and 2028. Initiatives by governments and NGOs can lead to increased funding and support for programs and services aimed at improving the quality of life for disabled and aged people, driving demand for relevant products and services. A rise in the adoption of binaural hearing aids has been witnessed among people with bilateral hearing loss. Such factors are expected to drive the market during the forecast period. The growing number of disabled and aged people, due to factors such as aging populations and the prevalence of chronic diseases, is increasing the need for mobility aids, assistive devices, and healthcare services tailored to their needs. Additionally, the growing number of road accidents resulting in serious injuries is driving demand for rehabilitation services and products that can help injured individuals regain mobility and independence.
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The market share growth by the hearing devices segment will be significant during the forecast period. Hearing aids and devices are a very important segment of the market, as they provide a high-growth opportunity for vendors. The growth of the hearing devices segment can be attributed to the global increase in the number of people with hearing impairment and related disorders due to factors such as noise pollution, genetics, and ageing.
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The hearing devices segment was valued at USD 10.23 billion in 2018. During the forecast period, BTE hearing aids are likely to gain popularity in the market over other hearing devices as they are ideal for most people with hearing problems. These hearing aids reduce the problem of feedback due to the greater distance between the receiver and the microphone. BTE hearing aids are also suitable for children as they not only fit easily into their ears but can also accommodate various earmold sizes to cater to the needs of growing children. This is expected to increase the market demand for BTE hearing aids during the forecast period.
The hospital segment held a major market share. An increase in road accidents, an increase in musculoskeletal injuries, and an increase in hospitalizations are the important factors expected to drive the growth of this segment during the forecast period. The increasing demand for advanced medical services after treatment, especially in the case of accidents and surgeries, is leading to a rise in the number of rehabilitation centers. This is expected to increase the demand for mobility aids, such as elderly and disabled assistive solutions. Increasing demand for mobility aids for seniors in hospitals is expected to further drive the growth of the assistive technology market for elderly and disabled assistive solutions during the forecast period.
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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The region has witnessed a growth in healthcare spending and advanced healthcare facilities and services such as intensive care, acute care, critical care, and long-term care. The market growth in the region is primarily attributed to the increasing healthcare investments in countries such as the US and Canada. This enables efficient supply chain management, leading to the timely availability of elderly and disabled assistive solutions to end-users in the market, which increases the adoption rate. The rise in the availability of such devices is expected to fuel market growth in North America during the forecast period.
The market is driven by the increasing demand for rehabilitative devices and mobility aids to enhance the quality of life and improve health results for individuals. These solutions provide independent living alternatives and help reduce healthcare expenses. Key products in this market include wheelchairs, scooters, canes, and other assistive devices. Advancements in technologies have led to the development of visual aids, hearing aids, and software and hardware systems tailored for the elderly and disabled. These solutions play a crucial role in supporting individuals with disabilities, including those with dementia, and ensuring their safety in environments such as hospitals and homecare settings.
Initiatives by governments and NGOs is notably driving market growth. In numerous countries, governments are spearheading initiatives to foster understanding and inclusion of individuals with physical disabilities. One significant legislation, the Americans with Disabilities Act (ADA) in the US, prohibits discrimination against qualified individuals with disabilities in various sectors, including business, politics, and arts. This law has led to notable enhancements in employment opportunities and productivity among this population.
Furthermore, assistive devices, including canes, crutches, and bathroom safety equipment are essential for independent living alternatives. Ergonomic designs and cost-effective solutions are crucial for enhancing healthcare services and reducing healthcare expenditure for chronic diseases like cerebral palsy and dementia. The development of these assistive solutions is a vital step towards promoting independent living and improving health results for the elderly and disabled population. Thus, such factors are driving the growth of the market during the forecast period.
The growth of medical tourism is an ongoing trend in the market. Many developing countries such as India, China, and Thailand offer high-quality treatment at a lower cost than developed nations. This factor has resulted in the influx of patients to these countries to avail of different healthcare services, thereby increasing the purchase of elderly and disabled assistive solutions from the destination countries. For instance, fertility care has been in high demand owing to the rise in the number of people with problems conceiving. The low-cost treatment availability in Asian countries such as India and China attracts more people to Asian countries. As a result, several people across the world are choosing cross-border treatment to obtain high-quality patient care at reduced costs. All these will positively impact the growth of the global market during the forecast period.
Issues faced in developing countries are a major challenge in the market. Most of the major vendors providing elderly and disabled assistive solutions are based in the US and Europe. On average, these vendors have manufacturing or sales units in 3-5 countries. Hence, other countries need to import most of the assistive solutions from the nation that has the closest manufacturing or sales unit. Almost all the major countries in Asia, especially China, India, and Bangladesh, levy high import duties on this equipment. Asian countries have significantly high most-favored-nation (MFN) duty rates and also other additional charges such as special tax, landing charges, and countervailing duty, all of which make the import of these products extremely expensive. Thus, high import duties discourage institutional end-users such as hospitals from importing these instruments and also setting up research facilities in these countries, owing to the high costs involved. Hence, these factors are expected to hinder market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market addresses challenges faced by individuals with mobility impairment disorders through innovative products like mobility scooters and patient mechanical lifts. Conditions such as multiple sclerosis, stroke, and paralysis are catered to with technologically advanced assistive devices. This market also tackles the impact of non-communicable diseases and non-fatal injuries. These solutions are increasingly available in retail stores, aiding those affected by mobility issues due to road traffic accidents and other causes.
The market offers cost-effective solutions and advanced healthcare systems to improve the quality of life for individuals with disabilities. Products like crutches, motility scooters, and bathroom safety equipment aid in daily activities and ensure bathroom safety. Companies are at the forefront of developing cognitive aids and hearings aids. With a focus on ergonomics and functioning, these solutions cater to the needs of the geriatric population and those with conditions like cerebral palsy. This market is particularly crucial in low and middle income countries, where the incidence of mobility impairment disorders is higher.
The market is driven by a growing need for living aids and medical furniture among the disabled population. Amputation and other disabilities necessitate technologies of medical devices and developmental strategies to improve health services and quality of life. This market sees significant contributions from manufacturers and joint ventures, emphasizing the importance of lifestyle changes and innovative assistive devices.
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Market Scope |
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Report Coverage |
Details |
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Page number |
178 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
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Market growth 2024-2028 |
USD 15.60 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.32 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 38% |
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Key countries |
US, Germany, Japan, UK, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Blue Chip Medical Products Inc., Briggs Corp., Cochlear Ltd., Demant AS, DeVilbiss Healthcare GmbH, Electric Mobility Euro Ltd., Freedom Scientific Inc., GF Health Products Inc., GN Store Nord AS, Invacare Corp., LifeTec, MED EL Elektromedizinische Gerate GmbH, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Siemens AG, Sonova AG, Starkey Laboratories Inc., Sunrise Medical LLC, and WS Audiology AS |
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Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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