Top Companies in Assistive Technology Market | Key Players Growth Analysis, Market Insights, Company Profile, Full Research Report by Vantage Market Research
Assistive Technology devices are items, equipment, or gadgets that help people with impairments increase, enhance, or retain their functional abilities.
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Market Overview:
The Global Assistive Technology Market was valued at USD 21.8 Billion in 2021 and is projected to reach a value of USD 28.8 Billion by 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 4.8% over the forecast period. Assistive Technology is a covering pattern for assistive products and their related services. Assistive products included traditional disability devices such as wheelchairs, hearing aids, and visual aids. Also, it has advanced Assistive Technology solutions, which aid in enabling disabled persons to lead more positive lives through increased security, control, and social participation.
Various factors such as the growing aged population and mounting healthcare costs, advancements in Assistive Technology, and Assistive Technology provider's landscape are driving the market expansion. Assistive Technology is required by an expansive range of people worldwide, physical and mental health improved, such as people with chronic health conditions, people with disabilities, and older people. In addition, there is an increasing demand for professional development and training in Assistive Technology to raise educators' skills in many areas, including a continuum of tools, collaborative processes, strategies, services, action planning, legal issues, resource, and data collection and analysis. Moreover, it offers various benefits, such as reducing the need for formal health and support services, long-term care, and the work of caregivers. Besides, the reliability of such benefits drives the growth of the Assistive Technology market.
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Some of the key players operating in the Assistive Technology Market are listed below:
|
Company Name |
Revenue in the US |
|
$450 Million |
|
$78 Million |
|
$2 Billion |
|
$597 Million |
|
<$5 Million |
|
$870 Million |
|
$401 Million |
Established in 1983, Sunrise Medical Ltd. manufactures home care and extended care products. The Company designs manufacture, and markets products, including wheelchairs, mobility scooters, stabilizing cushions, urinals, shower aids, commodes, and raised toilet seats. Sunrise Medical markets its products internationally. The company is located in Fresno, California, and its website is www.sunrisemedical.com.
Founded in 1946, GF Health Products Inc. manufactures and distributes healthcare products. The company provides bathroom safety, mobility, and respiratory products, wheelchairs, homecare beds, innerspring and foam mattresses, wheelchair cushions, and surgical stretchers. The company is headquartered in Atlanta, Georgia, and serves customers in the United States. The company's website is www.grahamfield.com.
William Demant Invest A/S is a world-leading hearing healthcare group that provides solutions & services to facilitate people with hearing loss to connect and communicate with the world around them. The company develops, manufactures, and sells products designed to aid the hearing and communication of individuals. William Demant Invest serves customers worldwide.
Established in 1975, Med-El Corporation operates as a medical device company. It develops and produces implantable hearing solutions. In addition, Med-El offers hearing systems, middle ear implants, implantable hearing devices, and speech processors. The company is headquartered in Innsbruck, Austria, and its website is www.medel.com.
Founded in 2000 and headquartered in Delta, British Columbia, V3M 6L9, Canada Medical Depot, Inc. is doing business as Drive DeVilbiss Healthcare, manufactures and distributes durable medical equipment. The company provides beds, wheelchairs, respiratory equipment, rehabilitation, patient room, personal care, and electrotherapy devices. Drive DeVilbiss Healthcare serves clients worldwide. The company's website is www.medicaldepot.com.
Based in Elyria, Ohio, Invacare Corporation manufactures and distributes health care products worldwide to the non-acute care market. The company distributes its items to home care, mass retail, and institutional customers. Also, it offers products such as respiratory products, home care beds, diabetic supplies, nursing home furniture, and manual and powered wheelchairs. The company was founded in 1885, and its website is www.invacare.com.
Founded in 1963 and headquartered in Stockholm, Sweden, Permobil AB offers rehabilitation mobility solutions and accessories. The company develops, manufactures, and markets powered wheelchairs for people with functional disabilities. Permobil serves customers worldwide and is a part of Patricia Industries, a subsidiary of Investor AB. The company's website is www.permobil.com.
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