LONDON–(BUSINESS WIRE)–#AssistiveTechnologyMarket–Technavio has been monitoring the assistive technology market and it is poised to grow by USD 8.39 billion during 2020-2024, progressing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Based on segmentation by device, which is the leading segment in the market?
- The sensory aids are expected to be the leading segment in the global market during the forecast period.
- What is the major trend in the market?
- Adoption of hearing aids with rechargeable batteries is one of the major trends of the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 8%, the incremental growth of the market is anticipated to be USD 8.39 billion.
- Who are the top players in the market?
- Demant AS, GF Health Products Inc., GN Store Nord AS, Invacare Corp., MED-EL Elektromedizinische Geräte GmbH, Medical Depot Inc., Medline Industries Inc., Permobil AB, Sonova Holding AG, and Sunrise Medical (US) LLC. are some of the major market participants.
- What is the key market driver?
- Increasing orthopedic disorders is one of the major factors driving the market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Demant AS, GF Health Products, Inc., GN Store Nord AS, Invacare Corp., MED-EL Elektromedizinische Geräte GmbH, Medical Depot Inc., Medline Industries Inc., Permobil AB, Sonova Holding AG, and Sunrise Medical (US) LLC are some of the major market participants. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Assistive Technology Market 2020-2024: Segmentation
Assistive Technology Market is segmented as below:
- Sensory Aids
- Mobility Aids
- North America
- South America
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Assistive Technology Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The assistive technology market report covers the following areas:
- Assistive Technology Market Size
- Assistive Technology Market Trends
- Assistive Technology Market Analysis
This study identifies the adoption of hearing aids with rechargeable batteries as one of the prime reasons driving the assistive technology market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Assistive Technology Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist assistive technology market growth during the next five years
- Estimation of the assistive technology market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the assistive technology market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of assistive technology market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value Chain Analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DEVICE
- Market segmentation by device
- Comparison by device
- Sensory aids – Market size and forecast 2019-2024
- Mobility aids – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by device
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing adoption of hearing aids with rechargeable batteries
- Increase in development of new products
- Growing demand for customization
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Demant AS
- GF Health Products, Inc.
- GN Store Nord AS
- Invacare Corp.
- MED-EL Elektromedizinische Geräte GmbH
- Medical Depot Inc.
- Medline Industries Inc.
- Permobil AB
- Sonova Holding AG
- Sunrise Medical (US) LLC
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.