Assistive Technology Market to register a growth of USD 7.93 billion | Demant AS and Drive DeVilbiss Healthcare are the Key Vendors| Technavio

Key vendors insights

The assistive technology market is fragmented. Vendors in the market are competing by providing solutions that are suitable for the local environmental conditions and requirements of end-users.

The assistive technology market is led by a few well-established players, including Demant AS, Drive DeVilbiss Healthcare, GF Health Products Inc., GN Store Nord AS, Invacare Corp., MED-EL Elektromedizinische Gerate GmbH, Medline Industries Inc., Permobil AB, Sonova Holding AG, and Sunrise Medical LLC among others. They compete based on factors such as operational cost, innovation, price, and product quality. In addition, companies are focusing on achieving a competitive edge by introducing new technologies and increasing their margins in response to changing market conditions in the end-use industries.

Product offerings

• Demant AS - The company is involved in the development, manufacturing, and sales of products and equipment that help people with hearing loss connect and communicate with other people. Some of the hearing aid devices offered by the company are Oticon, Bernafon, and Sonic.
• Drive DeVilbiss Healthcare - The company manufactures and offers electrically operated patient lifts such as Samsoft 175 V2 Lifter.
• GF Health Products Inc. - The company offers a wide range of assistive technology products such as folding walkers, non-folding walkers, healthcare seating.
• GN Store Nord AS - The company is involved in the development, manufacturing, and sales of innovative audio devices across the world.

For more highlights on products offerings and the growth strategies adopted by the vendors, Download a sample report

Parent Market Outlook

The growth of the global healthcare technology market will be driven by factors that will impact the healthcare market and the IT spending market. Some of the factors include continuous pressure to reduce costs, improved care through technology, connected health, and increasing life expectancy.

Assistive Technology Market trend

• Adoption of hearing aids with rechargeable batteries

The adoption of hearing aids with rechargeable batteries is a trend in the market. These batteries include lithium-ion chargeable batteries and zinc rechargeable batteries. They can offer more power than traditional rechargeable batteries and can serve a lifetime for hearing aids. These batteries are non-toxic and non-flammable. Moreover, vendors and companies are focusing on making silver-zinc rechargeable batteries that are considered safe for the environment and the user.

Geography

• North America
• Europe
• Asia
• ROW

North America holds the leading position with 34% of the market share growth. The US is a key market in North America. The growth of advanced healthcare facilities and rising healthcare spending will facilitate the assistive technology market growth in North America over the forecast period.

View a report sample for extensive insights on key market Drivers, Trends, and Challenges influencing the market.

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Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Market Characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Device

• Market segments
• Comparison by Device
• Sensory aids - Market size and forecast 2020-2025
• Mobility aids - Market size and forecast 2020-2025
• Others - Market size and forecast 2020-2025
• Market opportunity by Device

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• Asia - Market size and forecast 2020-2025
• ROW - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Competitive Scenario
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Demant AS
• Drive DeVilbiss Healthcare
• GF Health Products Inc.
• GN Store Nord AS
• Invacare Corp.
• MED-EL Elektromedizinische Gerate GmbH
• Medline Industries Inc.
• Permobil AB
• Sonova Holding AG
• Sunrise Medical LLC

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Technavio
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