Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 44.01 Billion | USD 60.84 Billion | 5.8% | 2021 |
FrequentlyAsked Questions
Evolution in assistive technologies and the launch of innovative products in the market will help increase the share of disabled and elderly assistive technology in the global market. Increased awareness among consumers and an increase in independent lifestyles will also provide growth opportunities.
The size of the global disabled and elderly assistive technology market is expected to attain a value of USD 60.84 billion by 2028, growing at a rate of growth at the rate of 5.8% CAGR during the forecast period from USD 44.01 billion in 2021.
In 2021, North America led the market, with the greatest market revenue, and this trend is likely to continue during the forecast period. This is a result of an increase in demand for assistive equipment, an increase in the senior population, and the government's increased attention on patient safety in this region. Moreover, technological developments and developed sales channels are also helping in the market’s regional growth.
Thermo Fisher Scientific, Militenyi Biotec, Terumo, Lonza, Becton, and iXCells Biotechnologies are some prominent companies in the disabled and elderly assistive technology market.
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