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Elderly And Disabled Assistive Devices Market size was valued at USD 25,610 billion in 2021 and is expected to reach USD 37,254 billion by 2028, at a CAGR of 5.5% during the forecast period 2022-2028. The Increase in the prevalence of neurological disorders such as dementia, a rise in the number of accident cases, growing global geriatric population, technological advancements in various elderly and disabled assistive devices, and availability of the varied products are anticipated to propel the elderly and disabled assistive devices market over the forecast period. Furthermore, rise in funding from the government and other NGO organizations for the distribution of assistive products, favourable reimbursement policies, an increase in healthcare expenditure might fuel the elderly and disabled assistive devices market growth. However, a high cost of the assistive devices, product recalls, and poor acceptance of some products might hinder the growth of market over the forecast timeframe. Elderly and disabled assistive devices are used by the ageing people or disabled people who are dependant on others for day to day activities. The assistive devices help in enhancing the reading, listening, moving, and other daily activities. Different types of assistive devices are available for different functions which makes the life independent and comfortable. Most commonly used elderly and disabled assistive devices include visual and hearing aids, wheelchairs, and computerized hardware and software system for improving daily activities independently.
