According to the latest report published by Credence Research, Inc. ?Disabled and Elderly Assistive Technologies: Market Growth, Future Prospects and Competitive Analysis, 2016-2022,? the disabled and elderly assistive technologies market was valued at USD 17,012.9 Mn in 2015 and is expected to reach USD 27,270.6 Mn by 2022, with the market progressing at a CAGR 7.0%from 2016-2022.

Browse the full report Disabled and Elderly Assistive Technologies: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at https://goo.gl/qhBRgS

Market Insights                                                  

Assistive technologies are designed to provide additional accessibility to individuals with physical or cognitive difficulties, impairments, and disabilities. The disabled & elderly assistive technologies market comprises of various products such as mobility assistance, assistive furniture, bathroom safety and assistive products, communication aids, incontinence and ostomy products, activity monitors and location monitors. The end users of disabled & elderly assistive technologies are home care, hospitals and nursing homes, and assisted living facilities. Geographical segmentation of global disabled & elderly assistive technologies market comprises North America, Europe, Asia-Pacific, Latin America and Middle East & Africa further segmented into key countries with highest potential in disabled & elderly assistive technologies market.

The major factors driving disabled & elderly assistive technologiesmarket are high disposable income of baby boomers, rising demand for disabled and elderly assistive technologies, high adoption rate of novel technologies and supportive reimbursement policies. On the other hand, the expansion of the market may be inhibited in the coming years due to rising product prices. Although more developed countries have the oldest population profiles, the vast majority of older people?and the most rapidly aging populations?are in less developed countries. Between 2010 and 2050, the number of older people in less developed countries is projected to increase more than 250%, compared with a 71% increase in developed countries. Market experts suggest this remarkable phenomenon is being driven by decline in fertility and improvements in longevity. With fewer children entering the population and people living longer, older people are making up an increasing share of the total population.

Among the product types, communication aids segment was observed as the largest segment and is anticipated to maintain its lead during the forecast period 2016-2022. The key factors assisting the growth of communication aids product segment are high prevalence of hearing loss, rising aging population and technological advancements. High potential growths in emerging nations have opened an array of opportunities for the market.

Browse the full report Disabled and Elderly Assistive Technologies: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at https://goo.gl/qhBRgS

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Assistive technology is an umbrella term that includes assistive, adaptive, and rehabilitative devices for people with disabilities while also including the process used in selecting, locating, and using them. People who have disabilities often have difficulty performing activities of daily living (ADLs) independently, or even with assistance. ADLs are self-care activities that include toileting, mobility (ambulation), eating, bathing, dressing and grooming. Assistive technology can ameliorate the effects of disabilities that limit the ability to perform ADLs. Assistive technology promotes greater independence by enabling people to perform tasks that they were formerly unable to accomplish, or had great difficulty accomplishing, by providing enhancements to, or changing methods of interacting with, the technology needed to accomplish such tasks.

Home automation is being implemented into more and more homes of older adults and people with disabilities in order to maintain their independence and safety. These smart homes allow older adults and people with disabilities to stay in their homes where they feel comfortable, instead of moving to a costly health care facility. The transition to a health care facility can cause a lot of anxiety and home automation can either prevent or delay this anxiety.[2] For the disabled smart homes give them opportunity for independence, which will help them gain confidence and determination. Smart homes can provide both older adults and people with disabilities with many different types of emergency assistance systems, security features, fall prevention, automated timers, and alerts. These systems allow for the individual to feel secure in their homes knowing that help is only minutes away. Smart home systems will make it possible for family members to monitor their loved ones from anywhere with an internet connection. Source : Wikipedia

What is Elderly And Disabled Assistive Technology Market?

The World Health Organization (WHO) estimates that 285 million people are visually impaired worldwide. 70 million people need a wheelchair. Another 360 million people globally have moderate to profound hearing loss. Globally, more than 1 billion people need one or more assistive products.

The global elderly and disabled assistive devices market was valued at $14 billion in 2015 and is expected to surpass $26 billion by 2024, according to Coherent Market Insights. It is a sizable market with an incredibly diverse set of needs. Many products have to be customized which is why 3D printing is an ideal way to study and solve some of it.

Photo from MatterHackers Envision the Future Design Challenge Photo from MatterHackers Envision the Future Design Challenge

MatterHackers, one of the largest 3D printing retailers in the U.S., wants to put a big dent in those numbers by encouraging inspiring, low-cost or free, assistive device models that people can 3D print or build from some other material. Officially, the ?Envision The Future Design Challenge? is to create educational tactile models and assistive devices for the blind and visually impaired.

WHO defines assistive technology as any product that helps maintain or improve an individual function. Hearing aids, wheelchairs, eyeglasses, prostheses, pill organizers, and memory aids are all examples of assistive devices or products. You do not have to go far in 3D printing circles to find solutions or at least potential ideas to solve these sorts of problems or issues -- and I have written about many of them -- from custom insoles (orthotics) to hearing aids to haptic feedback in a glove (one of my very first posts over 5 years ago). [Ref: forbes.com]

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