- Global Pharma News & Resources

Elderly and Disabled Assistive Devices Market Technology, Industry Size, Share, Growth, Top Companies Analysis Till 2026

Pune, Maharashtra, India, December 17 2020 (Wiredrelease) Allied Analytics –:UPDATE AVAILABLE ON-DEMAND

The global elderly and disabled assistive devices market size was valued at $23,009 million in 2018 and is anticipated to reach $35,599 million by 2026, registering a CAGR of 5.5% from 2019 to 2026. The high demand for mobile vehicles by the physically disabled patient and rise in the number of road accidents fuel the demand for mobility scooters to meet the need of day-to-day life. 

Increase in geriatric and disabled population, emerging untapped economies, rapid technological advancements in assistive devices, and high disposable income of baby boomers are expected to propel the growth of the global elderly and disabled assistive devices market.

Rise in geriatric and disabled population, high disposable income of baby boomers, and rapid technological advancements in assistive devices have boosted the growth of the global elderly and disabled assistive devices market. However, high cost of medical devices and low reimbursement from medical insurers hamper the market growth. On the contrary, emerging untapped economies are expected to create lucrative opportunities in the near future.

Request Sample Report at:

Based on hearing aids segment, the bone anchored hearing aids (BAHA) segment is expected to grow at the highest CAGR of 7.7% during the forecast period. This is due to increase in demand for hearing aids and technological advancements such as the advent of miniature cosmetic hearing aids or canal hearing aids.

High costs for a few advanced devices, low acceptability for a few types, and low reimbursement from medical insurers are the factors that restrict the growth of the market. Moreover, the fact that individuals are becoming more proactive these days and becoming health conscious is expected to provide lucrative growth opportunities for the market growth. The mobility aids devices segment accounted for the largest share of around 30.3% share of the total market in 2018 and is anticipated to grow at the fastest CAGR of 6.5%. This is owing to the technological advancements and rise in disabled and geriatric population, requiring vision and speech & hearing assistance.

North America dominates the market

The market across North America held the largest share in 2018, accounting for nearly half of the market, owing to high presence of more advanced healthcare and medical infrastructure. However, the market across the Asia-Pacific region is anticipated to manifest the fastest CAGR of 8.5% during the study period, owing to presence of high population base, rise in healthcare expenditure, and development in economies. The report provides analysis of the other regions including Europe and LAMEA.

For Purchase Enquiry at: 

Major market players

The report provides detailed analysis of the key market players such as Drive Medical, AI Squared, Invacare, GN Resound Group, Pride Mobility Products Corporation, Nordic Capital (Sunrise Medical LLC), Sonova Holding AG, Siemens Ltd., William Demant Holding A/S, and Starkey hearing technologies. These companies have adopted various market strategies such as partnerships, collaborations, and mergers & acquisitions to maintain their foothold in the market.

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975

This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at

Editor Details

Last Updated: 17-Dec-2020