GITNUX MARKETDATA REPORT 2024

Assistive Technology Industry Statistics

The assistive technology industry is expected to continue growing as the global population ages and demand for accessibility solutions increases.

Highlights: Assistive Technology Industry Statistics

  • The global assistive technology market size was valued at USD 14.1 billion in 2020.
  • The assistive technology sector is anticipated to grow at a Compounded Annual Growth Rate of over 7% from 2021 to 2028.
  • The mobility aid & transportation equipment segment accounted for a significant revenue share in 2020.
  • In the countries like UK, 84% of the elderly people leverage assistive technology for living independently.
  • The educational segment of Assistive Technology Industry is projected to reach a massive value of $16.85 billion by 2025.
  • Statistics show the older population (60 years and above) in Asia is expected to triple from 549 million to 1.3 billion by 2050, a factor expected to boost the industry.
  • The US has the highest percentage of chronic diseases, and it is predicted that by 2030, approximately 150.63 million individuals will have one or more chronic conditions, effectively propelling the assistive technology industry.
  • The adoption of assistive technology in rehabilitation centers was valued at USD 2.55 billion in 2020.
  • In 2019, visual impairment accounted for the second-largest revenue share in the assistive technologies industry.
  • The market for hearing aids devices is expected to reach $11.02 billion by 2028 at a CAGR of 7.4%.
  • North America held the largest revenue share of 35.1% in the assistive technologies market in 2020.
  • Adoption of wheelchairs for mobility purpose was valued at approximately USD 6.1 billion in 2017.
  • In the UK, the assistive technology industry grows by an average of 8% per year.
  • As of 2021, about 15% of the world's population has some form of disability, contributing to the growth of the assistive technology industry.
  • The Asia Pacific assistive technology market is expected to reach $5 billion by 2026.
  • The market size for Assistive Technology products for individuals with autism was $133.57 Million in 2019.
  • The market for assistive technology products for individuals with learning disabilities is expected to reach $40 billion by 2025.
  • In Canada, around 81.1% of people thought assistive technologies could help prolong independent living.
  • The speech and voice recognition market, which helps in assistive technologies, is projected to reach $31.82 billion by 2025.

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The Latest Assistive Technology Industry Statistics Explained

The global assistive technology market size was valued at USD 14.1 billion in 2020.

This statistic represents the total market value of assistive technology products worldwide in the year 2020, amounting to USD 14.1 billion. Assistive technology encompasses a wide range of products and services designed to assist individuals with disabilities in their daily activities, including mobility aids, communication devices, hearing aids, and more. The market size indicates the significant demand and investment in assistive technology solutions to improve the quality of life and independence for people with disabilities across various sectors such as healthcare, education, and workplace accommodations. This growing market highlights the importance of accessibility and inclusivity for individuals with disabilities in today’s society.

The assistive technology sector is anticipated to grow at a Compounded Annual Growth Rate of over 7% from 2021 to 2028.

The statistic indicates that the assistive technology sector is expected to experience significant growth over the period from 2021 to 2028, with a projected Compounded Annual Growth Rate (CAGR) exceeding 7%. This suggests that the market for assistive technology devices and services, which aim to improve the quality of life for individuals with disabilities or special needs, is expanding at a steady pace. The CAGR of over 7% signals a positive trend of increasing demand for assistive technologies, driven by factors such as advancements in technology, an aging population, and a growing awareness of the benefits of these products. This growth trajectory presents opportunities for businesses operating in this sector to innovate, develop new products, and expand their market presence in the coming years.

The mobility aid & transportation equipment segment accounted for a significant revenue share in 2020.

In 2020, the statistic indicating that the mobility aid & transportation equipment segment accounted for a significant revenue share suggests that a considerable portion of the overall revenue in the market was attributed to products and services related to mobility aids and transportation equipment. This could indicate a growing demand for items such as wheelchairs, mobility scooters, accessibility ramps, and similar products that assist individuals with mobility limitations. The presence of such a substantial revenue share underscores the importance and relevance of these products in meeting the needs of individuals with disabilities or limited mobility, suggesting a potential trend towards increased focus on accessibility and mobility solutions in the market.

In the countries like UK, 84% of the elderly people leverage assistive technology for living independently.

The statistic that 84% of elderly people in countries like the UK utilize assistive technology to maintain their independence suggests a high level of adoption of technology among this demographic. This data indicates that a majority of older individuals are embracing technological solutions to support their daily activities and enhance their quality of life. By leveraging assistive technology, such as smart home devices or medical monitoring systems, the elderly are able to live independently for longer periods, potentially reducing the burden on caregivers and healthcare systems. This statistic highlights the importance of innovation in providing older adults with tools to support their autonomy and well-being as they age.

The educational segment of Assistive Technology Industry is projected to reach a massive value of $16.85 billion by 2025.

This statistic indicates that the educational segment within the Assistive Technology Industry is expected to grow significantly, reaching a substantial market value of $16.85 billion by the year 2025. This growth is likely driven by increased awareness and adoption of assistive technologies in educational settings to support students with disabilities and diverse learning needs. The projected value suggests a thriving market for technological solutions designed to enhance accessibility, learning outcomes, and overall educational experiences for individuals with disabilities. In response to the growing demand for assistive technologies in education, companies within this industry are expected to develop and offer innovative products and services to meet the evolving needs of students, educators, and educational institutions.

Statistics show the older population (60 years and above) in Asia is expected to triple from 549 million to 1.3 billion by 2050, a factor expected to boost the industry.

The statistic suggests that the older population in Asia, specifically individuals aged 60 years and above, is projected to increase significantly from 549 million to 1.3 billion by the year 2050. This demographic shift is expected to have a substantial impact on various industries, particularly in sectors such as healthcare, pharmaceuticals, and retirement services, among others. The growing number of older adults is likely to drive demand for products and services tailored to their needs, leading to potential opportunities for growth and innovation within the industry. This demographic trend highlights the importance of addressing the unique requirements of an aging population and adapting strategies to cater to their expanding market segment in the coming decades.

The US has the highest percentage of chronic diseases, and it is predicted that by 2030, approximately 150.63 million individuals will have one or more chronic conditions, effectively propelling the assistive technology industry.

The statistic suggests that the United States is experiencing a significant burden of chronic diseases, with a high percentage of the population affected. The projection that approximately 150.63 million individuals will have at least one chronic condition by 2030 highlights the growing prevalence and impact of these health issues. This increase in chronic diseases is expected to drive the demand for assistive technologies, which can help individuals with chronic conditions manage their health, enhance their quality of life, and maintain independence. The rising need for assistive technology due to the prevalence of chronic diseases presents both challenges and opportunities for the healthcare industry to innovate and provide solutions to support individuals with chronic conditions.

The adoption of assistive technology in rehabilitation centers was valued at USD 2.55 billion in 2020.

The statistic indicates that the total market value of assistive technology adopted by rehabilitation centers was USD 2.55 billion in the year 2020. This figure represents the monetary worth of assistive technology tools and devices used in rehabilitation centers to aid individuals with disabilities or impairments in improving their functional abilities and quality of life. The value of USD 2.55 billion highlights the significant investment and reliance on assistive technology within the rehabilitation sector, reflecting the importance placed on leveraging technological advancements to enhance rehabilitation outcomes and support individuals in achieving greater independence and mobility.

In 2019, visual impairment accounted for the second-largest revenue share in the assistive technologies industry.

The statistic indicating that visual impairment accounted for the second-largest revenue share in the assistive technologies industry in 2019 suggests that products and services catering to individuals with visual impairments were significant contributors to the industry’s financial performance during that year. This likely reflects the growing demand for assistive technologies designed to enhance accessibility and quality of life for people with visual impairments. The industry’s focus on innovation and advancements in assistive technologies for visual impairments underscores the importance placed on addressing the needs of this particular demographic, potentially leading to further growth and expansion in the future.

The market for hearing aids devices is expected to reach $11.02 billion by 2028 at a CAGR of 7.4%.

This statistic indicates that the market for hearing aids devices is projected to grow significantly, with a forecasted value of $11.02 billion by the year 2028. The Compound Annual Growth Rate (CAGR) of 7.4% suggests a steady and consistent increase in the market size over the specified period. This growth can be attributed to factors such as an aging population, increasing prevalence of hearing loss, technological advancements in hearing aid devices, and growing awareness and acceptance of hearing aids as a solution for hearing impairment. The market outlook is optimistic, highlighting a growing demand for hearing aids and opportunities for manufacturers and stakeholders in the industry.

North America held the largest revenue share of 35.1% in the assistive technologies market in 2020.

In 2020, the assistive technologies market saw North America capturing the largest revenue share of 35.1%, indicating the region’s dominance in the market. This statistic suggests that North America accounted for more than a third of the total revenue generated by the assistive technologies industry during that year, showcasing the significant demand and investment in such technologies in the region. The high revenue share also implies a robust market presence, strong consumer base, and potentially advanced infrastructure for assistive technologies in North America, making it a key player in driving innovation and growth within the industry on a global scale.

Adoption of wheelchairs for mobility purpose was valued at approximately USD 6.1 billion in 2017.

The statistic indicates that in 2017, the global market for wheelchairs used for mobility purposes was estimated to be worth around USD 6.1 billion. This suggests a significant economic value attached to the adoption and usage of wheelchairs to assist individuals with mobility challenges. The high value reflects both the demand for such mobility aids as well as the investments made in the development and production of wheelchairs to cater to varying needs and preferences of users worldwide. Additionally, this statistic may also highlight the growing awareness and importance of ensuring accessibility and inclusion for individuals with mobility impairments in society, driving the market for such assistive technologies.

In the UK, the assistive technology industry grows by an average of 8% per year.

The statistic states that in the UK, the assistive technology industry experiences a consistent annual growth rate of 8%. This suggests that the market for assistive technology products and services, which aim to improve the quality of life and independence of individuals with disabilities or special needs, is steadily expanding. The 8% average growth rate implies that there is a strong demand for assistive technology solutions in the UK, potentially driven by factors such as an aging population, increasing awareness of accessibility issues, and advancements in technology. This trend indicates a promising outlook for the assistive technology industry, with opportunities for innovation, investment, and market expansion.

As of 2021, about 15% of the world’s population has some form of disability, contributing to the growth of the assistive technology industry.

The statistic indicates that as of 2021, approximately 15% of the global population is living with some form of disability. This highlights a significant portion of people who may benefit from assistive technology products and services to improve their quality of life and accessibility. The growth of the assistive technology industry is directly correlated to the increasing number of individuals with disabilities seeking innovative solutions to support their daily living, communication, mobility, and other needs. As the demand for assistive technology continues to rise with the growing disabled population, it presents opportunities for innovation, investment, and advancements in technology to cater to this diverse and important market segment.

The Asia Pacific assistive technology market is expected to reach $5 billion by 2026.

The statistic indicates a projected value for the Asia Pacific assistive technology market to reach $5 billion by the year 2026. This forecast suggests significant growth in the market for assistive technology products and services designed to support individuals with disabilities or limitations in their daily lives. Factors driving this expected expansion may include increasing awareness and acceptance of assistive technologies, advancements in technology leading to more innovative solutions, and a rising demand for products that enhance accessibility and inclusion. The forecast serves as a valuable insight for businesses, policymakers, and stakeholders in the assistive technology ecosystem to anticipate and capitalize on the evolving market dynamics in the Asia Pacific region.

The market size for Assistive Technology products for individuals with autism was $133.57 Million in 2019.

This statistic indicates that in 2019, the total market value of Assistive Technology products designed specifically for individuals with autism was $133.57 million. This figure represents the collective sales revenues generated by companies producing and selling products such as communication devices, sensory equipment, educational tools, and other assistive technologies tailored to support the needs of individuals with autism. The market size serves as a key indication of the demand and economic activity within the Assistive Technology sector for autism, providing valuable insights for businesses, investors, policymakers, and researchers interested in this niche market segment.

The market for assistive technology products for individuals with learning disabilities is expected to reach $40 billion by 2025.

This statistic indicates the projected size of the market for assistive technology products tailored for individuals with learning disabilities, with an expected value of $40 billion by the year 2025. This suggests a substantial growth in the demand for such products, reflecting an increasing recognition of the importance and benefits of assistive technology in supporting individuals with learning disabilities. The rising figure also highlights the potential economic opportunities in this niche market as companies and innovators strive to meet the growing needs of this demographic. The statistic underscores the significance of addressing the unique requirements of individuals with learning disabilities and the potential for technological advancements to positively impact their lives.

In Canada, around 81.1% of people thought assistive technologies could help prolong independent living.

The statistic indicates that there is a high level of awareness and belief among Canadians about the potential benefits of assistive technologies in prolonging independent living. With approximately 81.1% of people holding this view, it suggests a significant majority of the population recognizes the role that technologies can play in enhancing quality of life and promoting autonomy among individuals, particularly those with disabilities or chronic health conditions. This statistic highlights a positive attitude towards innovative solutions and indicates a willingness to embrace technology as a means to support independent living, potentially leading to improved well-being and increased opportunities for individuals to live independently for longer periods.

The speech and voice recognition market, which helps in assistive technologies, is projected to reach $31.82 billion by 2025.

This statistic indicates the growth and potential market size of speech and voice recognition technology, particularly in the realm of assistive technologies. The projected value of $31.82 billion by 2025 suggests a significant increase in investment and utilization of these technologies in various applications such as virtual assistants, smart home devices, healthcare solutions, and accessibility aids. The expansion of this market is driven by advancements in artificial intelligence, natural language processing, and the increasing demand for hands-free and intuitive user interfaces. This growth trend highlights the increasing importance and adoption of speech and voice recognition technology in enhancing accessibility, convenience, and efficiency across various industries and sectors.

References

0. – https://www.www.fortunebusinessinsights.com

1. – https://www.www.emergenresearch.com

2. – https://www.www.alliedmarketresearch.com

3. – https://www.www.atia.org

4. – https://www.www.grandviewresearch.com

5. – https://www.www.statista.com

6. – https://www.www.who.int

7. – https://www.www.globenewswire.com

8. – https://www.www.prnewswire.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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