The assistive technology devices market is predicted to observe a good growth rate in the forecast period. Growing cases of orthopedic conditions such as arthritis and rheumatoid have brought a surge in the demand for assistive technology devices. These devices are used to increase or improve the functional capabilities of disabled persons. Other factors such as lifestyle changes and a rise in geriatric population can also prove growth generators for the assistive technology devices market.
Rising incidences of spinal muscular atrophy and an increasing number of cancer cases are also expected to assist the growth of the assistive technology devices market. The assistive technology devices market is classified into visual impairment devices, hearing impairment devices, mobility impairment devices, and others.
Cutting Edge Technologies to Garner Considerable Traction
Manufacturers in the assistive technology devices market are constantly focusing on research and development activities to develop new technologies for increased precision and efficiency in terms of performance. Manufacturers are also paying attention to specialized products such as bariatric or heavy-duty power wheelchairs.
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The hearing impairment devices segment may also experience exponential growth due to the increasing number of people with hearing disabilities. Technology is also playing a great role in this segment. The use of zinc rechargeable batteries as well as lithium chargeable batteries increases the durability and quality of the hearing aids. Thus, such advancements lend a helping hand in boosting the sales of assistive technology devices. The key players involved in the assistive technology devices market are GF Health Products, Sunrise Medical, Invacare Corporation, MEDEL, and William Demant Holding A/S.
The use of assistive technology devices in special schools may also benefit the assistive technology devices market. Almost 14 percent, that is, over 7 million students in the U.S received special education in the 2017-2018 academic year. Hence, this factor can also create a good growth opportunity for the assistive technology devices market.