Pune, India, April 09, 2019 -- /360iResearch/ -- The report "Global Assistive Technology Devices Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 1,853.88 million in 2018 and is projected to reach USD 2,728.85 million by 2025, growing at a CAGR of 5.68% from 2018 to 2025.
The major forces driving the growth of the assistive technology devices market include the provide increased, improved, or maintained functional capabilities to the disable people and technologies growing awareness and government initiatives assisting for the development of national policies and programs. Moreover, growing elderly population and rising incidence of chronic diseases and advancements in health care facilities and increased investment in r&d activities are also some of the factors that are driving the market growth. However certain factors such as the high costs of devices and low availability in developing economies may hinder the market growth. In the middle of difficulty lies opportunity such as the it application-enabled devices, rising number of collaborations between health care providers and insurance companies, and emerging untapped economies in the assistive technologies market. The possible challenges for the market growth is low reimbursement from medical insurers. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on indication, the global assistive technology devices market is studied across Autism Spectrum Disorders, Cognitive Disabilities, Communication Disorders, Learning disabilities, and Mobility Impairment. Based on type, the global assistive technology devices market is studied across Braille embossers, Hearing aids, and Powered wheelchair. Based on end user, the global assistive technology devices market is studied across Clinics, Home care settings, and Hospitals. Based on geography, the global assistive technology devices market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the assistive technology devices market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Compusult Limited, Demant A/S, Freedom Scientific, Inc., GF Health Products, Inc., GN Hearing A/S, Hearing Health & Technology Matters, Hill-Rom Services Inc., Invacare Corporation, LoganTech, MED-EL GmbH, Medical Depot, Inc., Permobil AB, Sonova Holding AG, Sunrise Medical Limited, Tobii AB, and Widex A/S.
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