Global Medical Assistive Technologies Market

Focus on Product, End-User, Countries, Patents, Market Share, and Competitive Landscape - Analysis and Forecast (2017-2025)

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Report Description

This research study includes an extensive analysis of the global medical assistive technologies market by product, end-user and ge

As per the World Health Organization (WHO) statistics, globally more than one billion people require one or more assistive products. Moreover, with the aging global population and rise in the non-communicable diseases, more than two billion people will need at least one assistive product by 2050, with several older people needing two or more. Furthermore, an estimated 285 million people are visually impaired worldwide. Around 70 million people need a wheelchair, and another 360 million people globally, have moderate to profound hearing loss. The rates of disability are increasing due to aging populations and increase in chronic health conditions, which increases the medical assistive technologies' adoption rate. However, people with disabilities have lesser access to healthcare services, and therefore, unfulfilled health care needs. 

The medical assistive technologies are the products, equipment or devices that are used to improve or the functional disabilities. The assistive technology devices used by the disabled people can be hardware, software or stand-alone devices. These devices are used to support vocational aids, assistive listening & environmental aids, aids for daily living, visual & learning aids, mobility aids, and others. The medical assistive technologies provide the devices that help to overcome the cognitive difficulties, impairments, in disabled & geriatric population.

The assistive devices and technologies related to the hearing and vision are defined by the World Health Organization (WHO), as prosthetics, mobility aides, hearing aids, visual aids, and specialized computer software and hardware increase mobility, hearing, vision and communication capacities. These technologies are of immense help to the people with special needs, for instance, to the people with physical challenges, for living a self-dependent, and dignified life, ensuring a regular, active, and healthy social interaction. 

Disability, which is a complex and multi-dimensional term refers to impairments, limitations on the activity, and restrictions on the participation which is a combination of medical, and contextual factors. There prevail diversified facets among the people with medical impairment i.e. some are born with a disabling condition, others acquire a disability through injury or a chronic disease, while others develop a disability at an older age. However, the health needs for disabled people also vary depending on the type of limitation, and the primary health conditions in which some require high healthcare needs while others do not. 

The global medical assistive technologies market witnessed tremendous development in the assistive technologies and have evolved both in terms of performance and characteristics. Access to the assistive devices is essential for people (geriatric & disabled) with challenges for a harmonious interaction in the professional, social and community life.

This research study includes an extensive analysis of the global medical assistive technologies market by product, end-user and geographical regions, allowing the researcher to develop a comprehensive outlook of the market. Each of these segments has been analyzed based on their current and future market size, considering the macro and micro environmental factors.

The market report presents a detailed and investigative study of the entire market and provides a comprehensive insight into various forms of development, trends and the key market participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, market share analysis, competitive benchmarking, and the position of the competitors within the global medical assistive technologies market. 

The key players who have significant contributions to the medical assistive technologies market are Sonova Holding AG, William Demant Holding, Sunrise Medical, GN ReSound Group, Invacare Corporation, Med-El, Sivantos Ltd., VFO Group, Starkey Hearing Technologies and OttoBock Healthcare GmbH among others.
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Key Questions Answered in this Report:

What are the major market drivers, challenges and opportunities of the global medical assistive technologies market?

•    What are the major market drivers, challenges and opportunities of the global medical assistive technologies market?
•    How did the advanced assistive technologies evolve and what is its scope in the future?
•    What were the market shares of the leading segments and sub-segments of the global medical assistive technologies market in 2016 and what will be the shares in 2025?
•    How will each of the segments of the global medical assistive technologies market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2025?
•    How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
•    How will the medical assistive industry evolve during the forecast period 2017-2025?
•    What are the key developments and strategies implemented by the key players to stand out in this market? 
•    Which product, and end-user will dominate the global medical assistive technologies market by the end of the forecast period and which one is growing at the highest CAGR during the forecast period 2017-2025?
•    What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, end-user and region?
•    Who are the key players in the global medical assistive technologies market?
•    Which region will lead the global medical assistive technologies market in revenue generation through the forecast period?
•    Which country will be growing at the highest CAGR during the forecast period?
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Market Overview

The global medical assistive technologies market is expected to grow over $24.41 Billion by 2025, driven by advancements in the fi

The medical assistive technologies stands as one of the pivotal advancements in the healthcare industry, and still striving to develop more advanced form of devices. The market for the medical assistive technologies is currently growing at an exponential rate due to active participation of the government and industry players in continuous advancement of medical assistive technologies through transition from traditional to the next generation medical assistive devices. Furthermore, the market is driven by several factors which include the rise in geriatric and disabled population, and in the demand for assistive technologies due to the increasing preference for independent/self-dependent lifestyles among people.

As per the World Health Organization (WHO) statistics, globally more than one billion people require one or more assistive products. With the aging global population and rise in the non-communicable diseases, it is estimated that more than two billion people will need at least one assistive product by 2050, with several older people needing two or more. Moreover, an estimated 285 million people are visually impaired worldwide. Around 70 million people need a wheelchair, and another 360 million people globally, have moderate to profound hearing loss. The rates of disability are increasing due to aging population and increase in chronic health conditions, which increases the adoption rate of medical assistive technologies.

More than 46% of older people, those aged 60 years and above, have disabilities and more than 250 million older people experience moderate to severe disability. As per the data from the World Population Prospects, the number of older persons has increased substantially in the recent years in most of the countries, and the growth is projected to significantly accelerate in the coming decades reaching 2.1 billion by 2050. 

The devices that assist the elderly, and disabled people in their day-to-day activities such as, movement, listening and reading are termed as medical assistive technology devices. The assistive technology is an umbrella term covering the systems and services related to the delivery of assistive products and services. These technologies maintain or improve an individual’s independent functioning and thereby promoting their overall well-being. These devices are both simple, and complex in design. Devices such as, wheelchairs, cranes, crutches and scooters are simple in design while hearing aids, reading machines, and transfer lifts represent the design complexity.

The global medical assistive technologies market had witnessed significant development and have evolved both in terms of performance and characteristics. Access to the assistive devices is essential for the people with challenges (including elderly people) for a harmonious interaction in all the spheres of life. As per the U.S. Census Bureau, the geriatric population is expected to increase from 8.5% in 2015 to 12% in 2030. Furthermore, Asia and Latin America are the primary regions which are expected to witness rapidly ageing population. As per the World Health Organization (WHO), the world is on the brink of a demographic milestone. In about five to six years down the line, the number of people aged 65 years or older will outnumber the children under the age of five. Driven by the falling fertility rates and increase in the life expectancy, population aging is expected to continue. Further, approximately 15% of the world’s population lives with some form of disability of whom 2%-4% experience significant difficulty in functioning.

Moreover, the increase in the number of manufacturers investing in the R&D activities of these technologies further increases the growth of the market. The rise in the technological advancements has significantly revolutionized the medical assistive technologies. The introduction of powered wheelchairs in the market has eased the life of the patients by reducing the time and energy required in its manual operation. Furthermore, the Cochlear implants have also reduced the need for externally wearing the hearing aids. These technologically advanced products are gaining acceptance among the end-users, and hence, demand for the same is increasing. 

The assistive devices and technologies defined by the World Health Organization (WHO) comprises prosthetics, mobility aids, hearing aids, visual aids and specialized computer software. These technologies are of immense help to the people with special needs, for instance, to the people with physical challenges, for living a self-dependent, and dignified life, ensuring a regular, active and healthy social interaction. 

Disability, which is a complex and multi-dimensional term refers to impairments, limitations on the activity, and restrictions on the participation which is a combination of medical, and contextual factors. There prevail diversified facets among the people with medical impairment i.e., some are born with a disabling condition, others acquire a disability through injury or a chronic disease, while others develop a disability at an older age. However, the health needs for disabled people also vary depending on the type of limitation, and the primary health conditions in which some require high healthcare needs while others do not. 

The way disability is addressed has shifted from purely medical approach to one that focuses on maximum functioning and well-being. The medical assistive technologies now cover sophisticated information & communications technology (ICT), software, cyber-physical and stem cell applications, neuroprosthetics, humanoid robots and applications (apps).

The assistive devices can help individuals with disabilities to achieve greater independent lifestyles. The devices have been commonly used in the developed countries to help individuals with disabilities to overcome the obstacles when seeking medical treatment, pursuing education, obtaining employment or caring for families, and obtaining equal opportunities to participate in the society. However, in several low-income and middle-income countries, only 5%-15% of people who need the medical assistive devices and technologies have actually access to them.

The product segment of the market comprises of hearing aids & devices (behind the ear aids, receiver in the ear aids, in the ear hearing aids, cochlear implants, and bone anchored systems, among others), mobility assistance aids (manual wheelchair, electric wheelchair, and mobility scooters, among others) and vision & speech aids. The hearing aids & devices segment constituted the highest market value in 2016, growing at the CAGR of 4.8% during the forecast period 2017-2025. The growth can be attributed to the large number of people suffering from hearing impairments globally, and the introduction of technologically advanced products such as, cochlear implants, and bone anchored systems (BAHA). However, mobile assistance aid is expected to grow at the highest CAGR of 6.1% during the forecast period 2017-2025. It can be attributed to the rising geriatric population and increasing government support in the form of grants and subsidies for the purchase of mobility devices.

The end user segment for the mobility assistance aids include hospitals, homecare and rehabilitation centers, and elderly nursing homes. The hospital acquired the highest market value in 2016 and is anticipated to reach $3.03 billion by 2025. This can be attributed to the growing geriatric population, rising disability rate and widespread adoption of mobile assistive aids in the hospitals in order to meet the growing demand of technologically advanced assistive devices among the patients for improved and independent lifestyles.

The end user segment for hearing aids & devices include hospitals, homecare, clinics & physician offices, and diagnostic centers, among others. The hospitals acquired the highest market value of in 2016, growing at the CAGR of 4.0% during the forecast period 2017-2025. This can be attributed to the growing adoption rate of hearing aids among the hospitals to provide hearing assistance and therapies to the hearing-impaired people, and active participation of the government and industry players for the technological advancement of the hearing devices such as, cochlear implant and BAHA with 360 degrees sound coverage and wireless technologies.

The end user segment for vision & speech aid include hospitals, homecare, clinics & physician offices and rehab, & elderly nursing homes, among others. The hospitals acquired the highest market value in 2016 and is anticipated to reach $1.16 billion by 2025. This can be attributed to the rising incidence rate of visually & speech impaired population, adoption rate of vision aids such as, braille translators and video magnifiers among the hospitals for providing hearing assistance and therapies to the visually impaired people, and encouragement and funding provided by various national governmental bodies.

Europe generated the highest market value of $5.23 billion in 2016.  This can be attributed to the rising incidence of various types of acute diseases & disabilities, growing geriatric population, technological advancement in the medical assistive devices, increasing disposable income and support of the government in enhancing the healthcare facilities, and providing reimbursement policies for the end-users. However, RoW, comprising of the Kingdom of Saudi Arabia (KSA), Russia, Israel, and the U.A.E among others, is expected to grow at the highest CAGR of 7.2% during the forecast period 2017-2025, followed by Latin America, owing to the rising incidence rate of chronic diseases, increasing disposable income, and growing awareness of technologically advanced assistive devices, and improvement of the quality of life with their regular usage, among people.
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Table of Contents

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1.1    Introduction & Market Trend 
1.2    Target Market for Assistive Technologies
1.3    Advantages & Disadvantages of Medical Assistive Technologies

2.1    Overview
2.2    Impact Analysis of Market Drivers & Restraints
2.3    Market Drivers
2.4    Market Restraints
2.5    Market Opportunities

3.1    Key Development and Strategies
         3.1.1    New Product Launches and Developments
         3.1.2    Mergers & Acquisitions
         3.1.3    Collaborations, Joint Ventures and Partnerships
         3.1.4    Business Contracts & Fundings 
         3.1.5    Others 
3.2    Industry Attractiveness
3.3    Market Share Analysis

4.1    Patent Landscape
4.2    Consortiums, Associations, and Regulatory Bodies
4.3    Legal Requirements and Regulations

5.1    Overview
5.2    Mobile Assistance Aids 
         5.2.1    Manual Wheelchair
         5.2.2    Mobility Scooters
         5.2.3    Mobility Scooters
         5.2.4    Others
         5.2.5    Mobility Aid Medical Assistive Technologies Market, by Region
5.3    Hearing Assistance Aids 
         5.3.1    Behind the Ear (BTE) Aids
         5.3.2    Receiver in the Ear (RITE) Aids
         5.3.3    In the Ear (ITE) Hearing Aids
         5.3.4    Cochlear Implants
         5.3.5    Bone anchored Systems
         5.3.6    OTC Amplifiers
         5.3.7    Other Aids
         5.3.8    Diagnostic Instruments
         5.3.9    Hearing Aid Medical Assistive Technologies Market, by Region
5.4    Vision & Speech Assistance Aids

6.1    Overview
6.2    Hospitals 
6.3    Home Care Settings 
6.4    Elderly Nursing Homes 
6.5    Others (Rehablitation Center, etc.)

7.1    Overview
7.2    North America 
         7.2.1    North America by Country 
         7.2.2    The U.S.
         7.2.3    Canada
7.3    Europe
         7.3.1    Europe by Country 
         7.3.2    The U.K.
         7.3.3    Germany 
         7.3.4    France
         7.3.5    Italy 
         7.3.6    Spain
         7.3.7    Others 
7.4    Asia-Pacific
         7.4.1    Asia-Pacific by Country 
         7.4.2    China
         7.4.3    Japan
         7.4.4    India 
         7.4.5    South Korea
         7.4.6    Australia 
         7.4.7    Others 
7.5    Latin America
         7.5.1    Latin America by Country 
         7.5.2    Brazil
         7.5.3    Mexico 
         7.5.4    Others 
7.6    Rest of World (RoW)
         7.6.1    RoW by Country 
         7.6.2    Russia 
         7.6.3    The Kingdom of Saudi Arabia (KSA)
         7.6.4    The United Arab Emirates (U.A.E)
         7.6.5    Israel
         7.6.6    Others

 8.1    Exact Dynamics BV
8.1.1    Overview
8.1.2    Product Mapping 
8.1.3    Corporate Summary 
8.1.4    SWOT Analysis
8.2    GN ReSound Group
8.2.1    Overview
8.2.2    Product Mapping 
8.2.3    Financials
8.2.3.1    Financial Summary
8.2.4    SWOT Analysis
8.3    Invacare Corporation 
8.3.1    Overview 
8.3.2    Product Mapping 
8.3.3    Financials 
8.3.3.1    Financial Summary 
8.3.4    SWOT Analysis
8.4    iWalkFree Inc.
8.4.1    Overview 
8.4.2    Product Mapping 
8.4.3    Corporate Summary 
8.4.4    SWOT Analysis
8.5    Karma Mobility Ltd.
8.5.1    Overview 
8.5.2    Product Mapping 
8.5.3    Corporate Summary 
8.5.4    SWOT Analysis
8.6    Med-El
8.6.1    Overview 
8.6.2    Product Mapping 
8.6.3    Corporate Summary 
8.6.4    SWOT Analysis
8.7    OttoBock Healthcare GmbH
8.7.1    Overview 
8.7.2    Product Mapping 
8.7.3    Corporate Summary 
8.7.4    SWOT Analysis
8.8    Permobil AB
8.8.1    Overview
8.8.2    Product Mapping 
8.8.3    Corporate Summary 
8.8.4    SWOT Analysis
8.9    Siemens Healthineers 
8.9.1    Overview
8.9    Siemens
8.9.2    Overview
8.9.3    Product Mapping 
8.9.4    Financials 
8.9.4.1    Financial Summary 
8.9.5    SWOT Analysis 
8.1    Scoozy BV
8.10.1    Overview
8.10.2    Product Mapping 
8.10.3    Corporate Summary 
8.10.4    SWOT Analysis 
8.11    Sonova Holding AG
8.11.1    Overview 
8.11.2    Product Mapping 
8.11.3    Financials 
8.11.3.1    Financial Summary 
8.11.4    SWOT Analysis 
8.12    Starkey Hearing Technologies 
8.12.1    Overview 
8.12.2    Product Mapping 
8.12.3    Corporate Summary 
8.12.4    SWOT Analysis
8.13    Sunrise Medical LLC
8.13.1    Overview 
8.13.2    Product Mapping 
8.13.3    Corporate Summary 
8.13.4    SWOT Analysis
8.14    VFO
8.14.1    Overview 
8.14.2    Product Mapping 
8.14.3    Corporate Summary 
8.14.4    SWOT Analysis 
8.15    Whill Inc.
8.15.1    Overview 
8.15.2    Product Mapping 
8.15.3    Corporate Summary 
8.15.4    SWOT Analysis 
8.16    William Demant Holding A/S
8.16.1    Overview
8.16.2    Product Mapping 
8.16.3    Financials
8.16.3.1    Financial Summary 
8.16.4    SWOT Analysis 
8.17    Access Ingenuity 
8.17.1    Overview
8.18    Cochlear Ltd.
8.18.1    Overview
8.19    Drive Medical GmbH 
8.19.1    Overview
8.2    Eargo Inc.
8.20.1    Overview
8.21    Ekso Bionics Holdings Inc.
8.21.1    Overview
8.22    Liberating Technologies Inc.
8.22.1    Overview 
8.23    Medtronic 
8.23.1    Overview 
8.24    Sivantos Pte. Ltd.
8.24.1    Overview
8.25    Tobii Dynavox LLC
8.25.1    Overview 
8.26    Widex A/S
8.26.1    Overview 

1    Market Driver Impact Analysis
2    Market Restraint Impact Analysis
3    Product Launches
4    Consortiums, Associations and Regulatory Bodies
5    Some of the Medical Assistive Technologies and their Manufacturers
6    The U.S. Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
7    Canada Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
8    The U.K. Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
9    Germany Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
10    France Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
11    Italy Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
12    Spain Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
13    Others Medical Assistive Technologies Market, By Product 2016-2025 ($Million)
14    China Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
15    Japan Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
16    India Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
17    South Korea Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
18    Australia Medical Assistive Technologies Market, By Product 2016-2025 ($Million)
19    Others Medical Assistive Technologies Market, By Product 2016-2025 ($Million)
20    Brazil Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
21    Mexico Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
22    Others Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
23    Russia Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
24    KSA Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
25    UAE Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
26    Israel Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
27    Others Medical Assistive Technologies Market, By Products 2016-2025 ($Million)
28    Overview: Exact Dynamics BV
29    Overview: GN ReSound Group
30    Overview: Invacare Corporation 
31    Overview: iWalkFree Inc.
32    Overview: Karma Mobility Ltd.
33    Overview: Med-El
34    Overview: OttoBock Healthcare GmbH
35    Overview: Permobil AB
36    Overview: Siemens Healthineers 
37    Overview: Siemens
38    Overview: Scoozy BV
39    Overview: Sonova Holding AG
40    Overview: Starkey Hearing Technologies 
41    Overview: Sunrise Medical llc
42    Overview: VFO Group 
43    Overview: Whill Inc.
44    Overview: William Demant Holding A/S
45    Overview: Access Ingenuity 
46    Overview: Cochlear Ltd.
47    Overview: Drive Medical GmbH 
48    Overview: Eargo Inc.
49    Overview: Esko Bionics Holdings, Inc.
50    Overview: Liberating Technologies, Inc.
51    Overview: Medtronic
52    Overview: Sivantos Pte. Ltd.
53    Overview: Tobii Dynavox llc
54    Overview: Widex A/S

1    Medical Assistive Technologies: Market Overview 
2    Market Snapshot, Global Medical Assistive Technologies Market, 2016
3    Global Medical Assistive Technologies Market Share by Product, 2016
4    Global Medical Assistive Technologies Market Share by Product, 2025
5    Global Medical Assistive Technologies Mobility Aid Market Share by End-User, 2016
6    Global Medical Assistive Technologies Mobility Aid Market Share by End-User, 2025
7    Global Medical Assistive Technologies Hearing Aid Market Share by End-User, 2016
8    Global Medical Assistive Technologies Mobility Aid Market Share by End-User, 2025
9    Global Medical Assistive Technologies Vision & Speech Aid Market Share by End-User, 2016
10    Global Medical Assistive Technologies Vision & Speech Aid Market Share by End-User, 2025
11    Global Medical Assistive Technologies Market Share by Region, 2016
12    Global Medical Assistive Technologies Market Share by Region, 2025
13    Market Share Analysis 2016 
14    Who All Need Assistive Technologies
15    Advantages & Disadvantages of Medical Assistive Technologies 
16    Market Dynamics
17    Share of Key Developments and Strategies
18    Mergers and Acquisitions 
19    Collaborations, Partnerships & Joint Ventures
20    Porter’s Five Forces Analysis
21    Patent Analysis
22    Global Medical Assistance Technology Market, By Product 2016-2025 ($Million)
23    Global Medical Assistive Technologies Market, By Mobility Aid Types 2016-2025 ($Million)
24    Mobility Aid Medical Assistive Technologies Market, by Region 2016-2025 ($Million)
25    Global Medical Assistive Technologies Market, By Hearing Aid Types 2016-2025 ($Million)
26    Hearing Aid Medical Assistive Technologies Market, by Region 2016-2025 ($Million)
27    Global Medical Assistive Technologies Market, By Vision & Speech Aid, 2016-2025 ($Million)
28    Vision & Speech Aids Medical Assistive Technologies Market, by Region 2016-2025 ($Million)
29    Global Medical Assistive Technologies Mobility Aid Market by End-Users, 2016-2025 ($Million) 
30    Global Medical Assistive Technologies Hearing Aid Market by End-Users, 2016-2025 ($Million) 
31    Global Medical Assistive Technologies Vision & Speech Aid Market by End-Users, 2016-2025 ($Million) 
32    Pros & Cons of Inpatient Rehabilitation Centers
33    Pros & Cons of Outpatient Rehabilitation Centers
34    Global Scenario 
35    Global Medical Assistive Technologies Market, by Region, 2016-2025 ($Million) 
36    North America Medical Assistive Technologies Market, 2016-2025 ($Million)
37    North America Medical Assistive Technologies Market by Country, 2016-2025 ($Million)
38    North America’s Assistive Walking Devices Market Size (2015-2024)
39    The U.S. Medical Assistive Technologies Market, 2016-2025 ($Million)
40    Some of the factors driving the growth of this market in the U.S.
41    Age Distribution of Disability in the U.S. Population, 2015
42    Canada Medical Assistive Technologies Market, 2016-2025 ($Million)
43    Demographic & social changes are increasing the need for assistive technologies as per the report from the Mc Master Health forum
44    Europe Medical Assistive Technologies Market, 2016-2025 ($Million)
45    Europe Medical Assistive Technologies Market by Country, 2016-2025 ($Million)
46    Key Market Drivers in the European Countries 
47    The U.K. Medical Assistive Technologies Market, 2016-2025 ($Million)
48    Germany Medical Assistive Technologies Market, 2016-2025 ($Million)
49    France Medical Assistive Technologies Market, 2016-2025 ($Million)
50    Italy Medical Assistive Technologies Market, 2016-2025 ($Million)
51    Spain Medical Assistive Technologies Market, 2016-2025 ($Million)
52    Others Medical Assistive Technologies Market, 2016-2025 ($Million)
53    Asia-Pacific Medical Assistive Technologies Market, 2016-2025 ($Million)
54    Asia-Pacific Medical Assistive Technologies Market by Country, 2016-2025 ($Million)
55    China Medical Assistive Technologies Market, 2016-2025 ($Million)
56    Persons with Disabilities in China (2015)
57    Distribution of Disability in Age Groups (%) Disabled Population (%), 2015
58    Disabled Population by Type of Disability(%)
59    Japan Medical Assistive Technologies Market, 2016-2025 ($Million)
60    Persons with Disability in Japan (2015) 
61    Distribution of Disability in Age Groups (%) Disabled Population (%)
62    Disabled Population by Type of Disability(%)
63    India Medical Assistive Technologies Market, 2016-2025 ($Million)
64    Distribution of Disability in Age Groups (%) Disabled Population (%)
65    Disabled Population by Type of Disability(%)
66    South Korea Medical Assistive Technologies Market, 2016-2025 ($Million)
67    Australia Medical Assistive Technologies Market, 2016-2025 ($Million)
68    Others Medical Assistive Technologies Market, 2016-2025 ($Million)
69    Latin America Medical Assistive Technologies Market, 2016-2025 ($Million)
70    Latin America Medical Assistive Technologies Market by Country, 2016-2025 ($Million)
71    Brazil Medical Assistive Technologies Market, 2016-2025 ($Million)
72    Mexico Medical Assistive Technologies Market, 2016-2025 ($Million)
73    Others Medical Assistive Technologies Market, 2016-2025 ($Million)
74    RoW Medical Assistive Technologies Market, 2016-2025 ($Million)
75    RoW Medical Assistive Technologies Market by Country, 2016-2025 ($Million)
76    Russia Medical Assistive Technologies Market, 2016-2025 ($Million)
77    Kingdom of Saudi Arabia (KSA) Medical Assistive Technologies Market, 2016-2025 ($Million)
78    United Arab Emirates (UAE) Medical Assistive Technologies Market, 2016-2025 ($Million)
79    Israel Medical Assistive Technologies Market, 2016-2025 ($Million)
80    Others Medical Assistive Technologies Market, 2016-2025 ($Million)
81    Exact Dynamics BV Product Portfolio
82    Exact Dynamics : SWOT Analysis
83    GN ReSound Group Product Portfolio
84    GN ReSound Group Overall Financials (2015 - 2017)
85    GN ReSound Group Revenues by Business Segment (2015 - 2017)
86    GN ReSound Group Net Revenue by Region (2015-2017)
87    GN ReSound Group: SWOT Analysis 
88    Invacare Product Portfolio 
89    Invacare Corporation Overall Financials (2014 - 2016)
90    Invacare Corporation Net Revenue by Region (2014-2016)
91    Invacare Corporation Net Revenues by Business Segment (2014 - 2016)
92    Invacare Corpoation: SWOT Analysis 
93    iWalkFree Inc. Product Portfolio
94    iWalkFree Inc. SWOT Analysis 
95    Karma Mobility Ltd. Product Portfolio
96    Karma Mobility Ltd. SWOT Analysis 
97    MED-EL Product Portfolio
98    MED-El SWOT Analysis 
99    OttoBock Healthcare GmbH Product Portfolio
100    OttoBock Healthcare GmbH SWOT Analysis
101    Permobil AB Product Portfolio
102    Permobil AB SWOT Analysis 
103    Siemens Product Portfolio
104    Siemens: Overall Financials (2015-2017) 
105    Siemens: Net Revenue by Region (2014-2016)
106    Siemens: Net Revenue by Business Segment (2015)
107    Siemens: Net Revenue by Business Segment (2016-2017)
108    Siemens SWOT Analysis
109    Scoozy BV Product Portfolio
110    Scoozy BV SWOT Analysis
111    Sonova Holding AG Portfolio
112     Sonova Holding AG Overall Financials (2015 - 2017)
113    Sonova Holding AG Net Revenues by Business Segment (2015 - 2017)
114    Sonova Holding AG Net Revenue by Region (2015-2017)
115    Sonova Holding AG: SWOT Analysis 
116    Starkey Hearing Technologies Product Portfolio
117    Starkey Hearing Technologies SWOT Analysis
118    Sunrise Medical (US) LLC Product Portfolio
119    Sunrise Medical (US) LLC SWOT Analysis
120    VFO Product Portfolio
121    VFO SWOT Analysis
122    Whill Inc. Product Portfolio
123    Whill Inc. SWOT Analysis
124    William Demant Holding A/S Product Portfolio
125    William Demant Holding A/S Overall Financials (2014 - 2016)
126    William Demant Holding A/S Net Revenue by Business Segment (2014 - 2016)
127    William Demant Holding A/S Net Revenue by Region (2014-2016)
128    William Demant Holding A/S SWOT Analysis
129    Key Data Points From Primary Sources 
130    Key Data Points From Secondary Sources 
131    Data Triangulation
132    Top-Down  Approach (Segmental Analysis)
133    Bottom-Up Approach (Segmental Analysis)
134    Assumptions and Limitations
135    Data and Prediction Modelling
136    Considered Factors for Data Prediction & Modeling

 
 

Market Overview

The medical assistive technologies stands as one of the pivotal advancements in the healthcare industry, and still striving to develop more advanced form of devices. The market for the medical assistive technologies is currently growing at an exponential rate due to active participation of the government and industry players in continuous advancement of medical assistive technologies through transition from traditional to the next generation medical assistive devices. Furthermore, the market is driven by several factors which include the rise in geriatric and disabled population, and in the demand for assistive technologies due to the increasing preference for independent/self-dependent lifestyles among people.

As per the World Health Organization (WHO) statistics, globally more than one billion people require one or more assistive products. With the aging global population and rise in the non-communicable diseases, it is estimated that more than two billion people will need at least one assistive product by 2050, with several older people needing two or more. Moreover, an estimated 285 million people are visually impaired worldwide. Around 70 million people need a wheelchair, and another 360 million people globally, have moderate to profound hearing loss. The rates of disability are increasing due to aging population and increase in chronic health conditions, which increases the adoption rate of medical assistive technologies.

More than 46% of older people, those aged 60 years and above, have disabilities and more than 250 million older people experience moderate to severe disability. As per the data from the World Population Prospects, the number of older persons has increased substantially in the recent years in most of the countries, and the growth is projected to significantly accelerate in the coming decades reaching 2.1 billion by 2050. 

The devices that assist the elderly, and disabled people in their day-to-day activities such as, movement, listening and reading are termed as medical assistive technology devices. The assistive technology is an umbrella term covering the systems and services related to the delivery of assistive products and services. These technologies maintain or improve an individual’s independent functioning and thereby promoting their overall well-being. These devices are both simple, and complex in design. Devices such as, wheelchairs, cranes, crutches and scooters are simple in design while hearing aids, reading machines, and transfer lifts represent the design complexity.

The global medical assistive technologies market had witnessed significant development and have evolved both in terms of performance and characteristics. Access to the assistive devices is essential for the people with challenges (including elderly people) for a harmonious interaction in all the spheres of life. As per the U.S. Census Bureau, the geriatric population is expected to increase from 8.5% in 2015 to 12% in 2030. Furthermore, Asia and Latin America are the primary regions which are expected to witness rapidly ageing population. As per the World Health Organization (WHO), the world is on the brink of a demographic milestone. In about five to six years down the line, the number of people aged 65 years or older will outnumber the children under the age of five. Driven by the falling fertility rates and increase in the life expectancy, population aging is expected to continue. Further, approximately 15% of the world’s population lives with some form of disability of whom 2%-4% experience significant difficulty in functioning.

Moreover, the increase in the number of manufacturers investing in the R&D activities of these technologies further increases the growth of the market. The rise in the technological advancements has significantly revolutionized the medical assistive technologies. The introduction of powered wheelchairs in the market has eased the life of the patients by reducing the time and energy required in its manual operation. Furthermore, the Cochlear implants have also reduced the need for externally wearing the hearing aids. These technologically advanced products are gaining acceptance among the end-users, and hence, demand for the same is increasing. 

The assistive devices and technologies defined by the World Health Organization (WHO) comprises prosthetics, mobility aids, hearing aids, visual aids and specialized computer software. These technologies are of immense help to the people with special needs, for instance, to the people with physical challenges, for living a self-dependent, and dignified life, ensuring a regular, active and healthy social interaction. 

Disability, which is a complex and multi-dimensional term refers to impairments, limitations on the activity, and restrictions on the participation which is a combination of medical, and contextual factors. There prevail diversified facets among the people with medical impairment i.e., some are born with a disabling condition, others acquire a disability through injury or a chronic disease, while others develop a disability at an older age. However, the health needs for disabled people also vary depending on the type of limitation, and the primary health conditions in which some require high healthcare needs while others do not. 

The way disability is addressed has shifted from purely medical approach to one that focuses on maximum functioning and well-being. The medical assistive technologies now cover sophisticated information & communications technology (ICT), software, cyber-physical and stem cell applications, neuroprosthetics, humanoid robots and applications (apps).

The assistive devices can help individuals with disabilities to achieve greater independent lifestyles. The devices have been commonly used in the developed countries to help individuals with disabilities to overcome the obstacles when seeking medical treatment, pursuing education, obtaining employment or caring for families, and obtaining equal opportunities to participate in the society. However, in several low-income and middle-income countries, only 5%-15% of people who need the medical assistive devices and technologies have actually access to them.

The product segment of the market comprises of hearing aids & devices (behind the ear aids, receiver in the ear aids, in the ear hearing aids, cochlear implants, and bone anchored systems, among others), mobility assistance aids (manual wheelchair, electric wheelchair, and mobility scooters, among others) and vision & speech aids. The hearing aids & devices segment constituted the highest market value in 2016, growing at the CAGR of 4.8% during the forecast period 2017-2025. The growth can be attributed to the large number of people suffering from hearing impairments globally, and the introduction of technologically advanced products such as, cochlear implants, and bone anchored systems (BAHA). However, mobile assistance aid is expected to grow at the highest CAGR of 6.1% during the forecast period 2017-2025. It can be attributed to the rising geriatric population and increasing government support in the form of grants and subsidies for the purchase of mobility devices.

The end user segment for the mobility assistance aids include hospitals, homecare and rehabilitation centers, and elderly nursing homes. The hospital acquired the highest market value in 2016 and is anticipated to reach $3.03 billion by 2025. This can be attributed to the growing geriatric population, rising disability rate and widespread adoption of mobile assistive aids in the hospitals in order to meet the growing demand of technologically advanced assistive devices among the patients for improved and independent lifestyles.

The end user segment for hearing aids & devices include hospitals, homecare, clinics & physician offices, and diagnostic centers, among others. The hospitals acquired the highest market value of in 2016, growing at the CAGR of 4.0% during the forecast period 2017-2025. This can be attributed to the growing adoption rate of hearing aids among the hospitals to provide hearing assistance and therapies to the hearing-impaired people, and active participation of the government and industry players for the technological advancement of the hearing devices such as, cochlear implant and BAHA with 360 degrees sound coverage and wireless technologies.

The end user segment for vision & speech aid include hospitals, homecare, clinics & physician offices and rehab, & elderly nursing homes, among others. The hospitals acquired the highest market value in 2016 and is anticipated to reach $1.16 billion by 2025. This can be attributed to the rising incidence rate of visually & speech impaired population, adoption rate of vision aids such as, braille translators and video magnifiers among the hospitals for providing hearing assistance and therapies to the visually impaired people, and encouragement and funding provided by various national governmental bodies.

Europe generated the highest market value of $5.23 billion in 2016.  This can be attributed to the rising incidence of various types of acute diseases & disabilities, growing geriatric population, technological advancement in the medical assistive devices, increasing disposable income and support of the government in enhancing the healthcare facilities, and providing reimbursement policies for the end-users. However, RoW, comprising of the Kingdom of Saudi Arabia (KSA), Russia, Israel, and the U.A.E among others, is expected to grow at the highest CAGR of 7.2% during the forecast period 2017-2025, followed by Latin America, owing to the rising incidence rate of chronic diseases, increasing disposable income, and growing awareness of technologically advanced assistive devices, and improvement of the quality of life with their regular usage, among people.

Key Questions Answered in this Report:

•    What are the major market drivers, challenges and opportunities of the global medical assistive technologies market?
•    How did the advanced assistive technologies evolve and what is its scope in the future?
•    What were the market shares of the leading segments and sub-segments of the global medical assistive technologies market in 2016 and what will be the shares in 2025?
•    How will each of the segments of the global medical assistive technologies market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2025?
•    How did the market share of the leading companies change in 2016 and which country will lead the market in 2017?
•    How will the medical assistive industry evolve during the forecast period 2017-2025?
•    What are the key developments and strategies implemented by the key players to stand out in this market? 
•    Which product, and end-user will dominate the global medical assistive technologies market by the end of the forecast period and which one is growing at the highest CAGR during the forecast period 2017-2025?
•    What will be the growth rate of different segments during the forecast period? Which is the leading segment by product, end-user and region?
•    Who are the key players in the global medical assistive technologies market?
•    Which region will lead the global medical assistive technologies market in revenue generation through the forecast period?
•    Which country will be growing at the highest CAGR during the forecast period?

Report Description

As per the World Health Organization (WHO) statistics, globally more than one billion people require one or more assistive products. Moreover, with the aging global population and rise in the non-communicable diseases, more than two billion people will need at least one assistive product by 2050, with several older people needing two or more. Furthermore, an estimated 285 million people are visually impaired worldwide. Around 70 million people need a wheelchair, and another 360 million people globally, have moderate to profound hearing loss. The rates of disability are increasing due to aging populations and increase in chronic health conditions, which increases the medical assistive technologies' adoption rate. However, people with disabilities have lesser access to healthcare services, and therefore, unfulfilled health care needs. 

The medical assistive technologies are the products, equipment or devices that are used to improve or the functional disabilities. The assistive technology devices used by the disabled people can be hardware, software or stand-alone devices. These devices are used to support vocational aids, assistive listening & environmental aids, aids for daily living, visual & learning aids, mobility aids, and others. The medical assistive technologies provide the devices that help to overcome the cognitive difficulties, impairments, in disabled & geriatric population.

The assistive devices and technologies related to the hearing and vision are defined by the World Health Organization (WHO), as prosthetics, mobility aides, hearing aids, visual aids, and specialized computer software and hardware increase mobility, hearing, vision and communication capacities. These technologies are of immense help to the people with special needs, for instance, to the people with physical challenges, for living a self-dependent, and dignified life, ensuring a regular, active, and healthy social interaction. 

Disability, which is a complex and multi-dimensional term refers to impairments, limitations on the activity, and restrictions on the participation which is a combination of medical, and contextual factors. There prevail diversified facets among the people with medical impairment i.e. some are born with a disabling condition, others acquire a disability through injury or a chronic disease, while others develop a disability at an older age. However, the health needs for disabled people also vary depending on the type of limitation, and the primary health conditions in which some require high healthcare needs while others do not. 

The global medical assistive technologies market witnessed tremendous development in the assistive technologies and have evolved both in terms of performance and characteristics. Access to the assistive devices is essential for people (geriatric & disabled) with challenges for a harmonious interaction in the professional, social and community life.

This research study includes an extensive analysis of the global medical assistive technologies market by product, end-user and geographical regions, allowing the researcher to develop a comprehensive outlook of the market. Each of these segments has been analyzed based on their current and future market size, considering the macro and micro environmental factors.

The market report presents a detailed and investigative study of the entire market and provides a comprehensive insight into various forms of development, trends and the key market participants. While highlighting the key driving and restraining forces for this dynamic market, the report also provides a comprehensive section on competitive landscape, market share analysis, competitive benchmarking, and the position of the competitors within the global medical assistive technologies market. 

The key players who have significant contributions to the medical assistive technologies market are Sonova Holding AG, William Demant Holding, Sunrise Medical, GN ReSound Group, Invacare Corporation, Med-El, Sivantos Ltd., VFO Group, Starkey Hearing Technologies and OttoBock Healthcare GmbH among others.

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