Assistive Technology Market by Device and Geography - Forecast and Analysis 2020-2024

Assistive Technology Market by Device and Geography - Forecast and Analysis 2020-2024

Global Assistive Technology Market: About this market

Technavio’s assistive technology market analysis considers sales from sensory aids, mobility aids, and other devices. Our study also finds the sales of assistive technology in APAC, Europe, North America, South America, and MEA. In 2019, the sensory aids segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as hearing impairment and related disorders among the general population will play a significant role in the sensory aids segment to maintain its market position. Also, our global assistive technology market report looks at factors such as the increasing number of orthopedic and neurological disorders, growing demand for rehabilitation centers, and rising focus on compliance with industrial standards. However, the high cost of mobility products, the presence of substitute products, and the limited availability of assistive technology in rural markets may hamper the growth of the assistive technology industry over the forecast period.

Global Assistive Technology Market: Overview

Increasing number of orthopedic and neurological disorders

Orthopedic conditions such as rheumatoid arthritis and knee problems and recovery after orthopedic surgeries (after bone fractures) require the use of mobility devices such as wheelchairs, canes, and crutches, which can help patients move from one place to another without depending on others. Such short-term and long-term disabilities along with the rise in medical emergency cases are driving the need for assistive technologies. Vendors are offering customization and additional features in mobility devices to increase the convenience and utility of these devices. Thus, the increasing number of orthopedic and neurological disorders will lead to the expansion of the global assistive technology market at a CAGR of almost 8% during the forecast period.

Growing adoption of hearing aids with rechargeable batteries

The global assistive technology market is witnessing the growing adoption of hearing aids with rechargeable batteries. Lithium-ion chargeable batteries and zinc rechargeable batteries are being widely used in the market. Lithium-ion rechargeable batteries can offer enhanced power than traditional rechargeable batteries and can serve the entire lifetime of the hearing aid. Major vendors offering hearing aids are focusing on offering advanced hearing aid devices with lithium-ion batteries. Many companies are also focusing on developing silver-zinc rechargeable batteries that are considered safe for the environment and the user. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global assistive technology market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global assistive technology market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading assistive technology manufacturers, that include Demant AS, GF Health Products Inc., GN Store Nord AS, Invacare Corp., MED-EL Elektromedizinische Geräte GmbH, Medical Depot Inc., Medline Industries Inc., Permobil AB, Sonova Holding AG, and Sunrise Medical (US) LLC.

Also, the assistive technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare technology market
      • Table Segments of global healthcare technology market
    • Market characteristics
      • Table Market characteristics
    • Value Chain Analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market Outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by device
    • Table Device - Market share 2019-2024 (%)
    • Comparison by device
      • Table Comparison by device
    • Sensory aids - Market size and forecast 2019-2024
      • Table Sensory aids - Market size and forecast 2019-2024 ($ millions)
      • Table Sensory aids - Year-over-year growth 2020-2024 (%)
    • Mobility aids - Market size and forecast 2019-2024
      • Table Mobility aids - Market size and forecast 2019-2024 ($ millions)
      • Table Mobility aids - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by device
      • Table Market opportunity by device
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing adoption of hearing aids with rechargeable batteries
    • Increase in development of new products
    • Growing demand for customization
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Demant AS
      • Table Demant AS - Vendor overview
      • Table Demant AS - Organizational developments
      • Table Demant AS - Geographic focus
      • Table Demant AS - Segment focus
      • Table Demant AS - Key offerings
    • GF Health Products Inc.
      • Table GF Health Products Inc. - Vendor overview
      • Table GF Health Products Inc. - Product segments
      • Table GF Health Products Inc. - Organizational developments
      • Table GF Health Products Inc. - Key offerings
    • GN Store Nord AS
      • Table GN Store Nord AS - Vendor overview
      • Table GN Store Nord AS - Business segments
      • Table GN Store Nord AS - Organizational developments
      • Table GN Store Nord AS - Geographic focus
      • Table GN Store Nord AS - Segment focus
      • Table GN Store Nord AS - Key offerings
    • Invacare Corp.
      • Table Invacare Corp. - Vendor overview
      • Table Invacare Corp. - Business segments
      • Table Invacare Corp. - Organizational developments
      • Table Invacare Corp. - Segment focus
      • Table Invacare Corp. - Key offerings
    • MED-EL Elektromedizinische Geräte GmbH
      • Table MED-EL Elektromedizinische Geräte GmbH - Vendor overview
      • Table MED-EL Elektromedizinische Geräte GmbH - Product segments
      • Table MED-EL Elektromedizinische Geräte GmbH - Organizational developments
      • Table MED-EL Elektromedizinische Geräte GmbH - Key offerings
    • Medical Depot Inc.
      • Table Medical Depot Inc. - Vendor overview
      • Table Medical Depot Inc. - Product segments
      • Table Medical Depot Inc. - Organizational developments
      • Table Medical Depot Inc. - Key offerings
    • Medline Industries Inc.
      • Table Medline Industries Inc. - Vendor overview
      • Table Medline Industries Inc. - Product segments
      • Table Medline Industries Inc. - Organizational developments
      • Table Medline Industries Inc. - Key offerings
    • Permobil AB
      • Table Permobil AB - Vendor overview
      • Table Permobil AB - Product segments
      • Table Permobil AB - Organizational developments
      • Table Permobil AB - Key offerings
    • Sonova Holding AG
      • Table Sonova Holding AG - Vendor overview
      • Table Sonova Holding AG - Business segments
      • Table Sonova Holding AG - Organizational developments
      • Table Sonova Holding AG - Geographic focus
      • Table Sonova Holding AG - Segment focus
      • Table Sonova Holding AG - Key offerings
    • Sunrise Medical (US) LLC
      • Table Sunrise Medical (US) LLC - Vendor overview
      • Table Sunrise Medical (US) LLC - Product segments
      • Table Sunrise Medical (US) LLC - Organizational developments
      • Table Sunrise Medical (US) LLC - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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