MarketResearchNest.com adds “Global Assistive Technology Market 2017-2021” new report to its research database. The report spread across 71 pages with table and figures in it.
Research analysts forecast the global assistive technology market to grow at a CAGR of 6.04% during the period 2017-2021.
About Assistive Technology
Assistive technology can be defined as a device or a process that is used for (or by) people with disabilities to enhance or maintain their functional capabilities. A disability can be defined as a mental or physical limitation. It covers impairment and activity and participation restrictions. Different disabilities require different assistive technologies, as the need and comfort of different people vary. Assistive technology includes numerous objects, processes, and programs.
Covered in this report
The report covers the present scenario and the growth prospects of the global assistive technology market for 2017-2021. To calculate the market size, the report considers revenue generated from powered wheelchairs, hearing aids, and Braille embossers.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-assistive-technology-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Assistive Technology Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Assistive Technology Market 2017-2021
Technavio recognizes the following companies as the key players in the global assistive technology market: GF Health Products, Invacare, MED-EL, Medical Depot (Drive Medical), Sonova, Sunrise Medical, and William Demant Holding A/S.
Other Prominent Vendors in the market are: Beltone, Enabling Technologies, GN ReSound, Hoveround, INDEX BRAILLE, Karma Mobility, Magic Mobility, Medline Industries, NOVA, Ossenberg, Ottobock, OstrichMobility, Permobil, Persona Medical, and Pride Mobility Products.
Commenting on the report, an analyst from Research team said: “One trend in the market is automation of manually operated products. Clinical mobility products such as wheelchairs are used in the healthcare facilities to facilitate the mobility services to the patients. The wheelchairs are manually operated with the assistance of another person for moving a person from one place to another. Similarly, in the operation theaters and patient wards, the wheeled stretchers are used to move patients from one ward to another.”
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According to the report, one driver in the market is increased number of lifestyle diseases. Lifestyle diseases, as defined by the Center for Disease Control and Prevention (CDC), are diseases caused by unhealthy habits such as excessive consumption of alcohol, smoking, and lack of exercise. These diseases can include strokes, heart attacks, obesity, diabetes, hyper tension, and liver cirrhosis. These diseases are the leading cause for the increasing number of patients in healthcare facilities and for home-based treatment services. During the different phases of these diseases, the patient is unable to move physically to the point of treatment and needs mobility products to avail the services.
Further, the report states that one challenge in the market is logistical challenges for rural markets. Assistive technology products are highly necessary and used by the patients for clinical and home-based healthcare services. However, the availability of the required products to all the customers is not easy for the suppliers and manufacturers. To supply these products to remote or rural areas, the manufacturers must incur a high logistics cost, warehousing cost, and labor cost. To avoid these extra costs, the manufacturers and suppliers do not supply these products to remote areas and lose a few customers, leading to reduced revenue.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain