Canada Disabled & Elderly Assistive Device Market is expected to reach USD 1.33 billion by 2030

The technological innovations and growing aging population are driving the demand for the Canada Disables & Elderly Assistive Device market during the forecast period

Canada Disabled & Elderly Assistive Device Market was valued at USD 1.04 billion in 2023, and is predicted to reach USD 1.33 billion by 2030, with a CAGR of 3.47% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

Advances in technology are driving the growth of Canada's assisted device industry for people with disabilities and seniors. These advances have led to a wave of innovation, resulting in increasingly sophisticated and user-friendly devices. New materials, sensors, and miniaturization techniques have made devices smaller, lighter, and more discreet, improving comfort and convenience.

Additionally, the integration of smart technology has revolutionized assistive devices. Bluetooth connectivity, sensors, and mobile apps have made devices more interactive and adaptable to users' individual needs. Features such as remote monitoring, data collection, and customization are now common, significantly improving the overall user experience.

Canada's aging population is a large and growing part of the country's population, which has a major impact on the disabled and elderly assistive industry. The increasing number of older adults increased the demand for care services and products, such as home healthcare, long-term care facilities, mobility aids, medical equipment, and assistive technologies. Additionally, older adult’s preference for more advanced and easy-to-use assistive technologies has driven innovation in the development of devices designed to improve their quality of life.

However, the high cost of assistive technologies often makes them inaccessible to many individuals, particularly those in developing and underdeveloped nations with limited financial resources. This lack of access presents a significant hurdle for a substantial portion of the population, hindering their ability to reap the benefits of these transformative tools. Furthermore, a pervasive lack of awareness about the availability and advantages of assistive technologies among individuals, caregivers, and even healthcare professionals contributes to their underutilization.

On the Contrary, Assistive technology is evolving at an unprecedented pace, becoming increasingly personalized, accessible, and empowering. This transformation is driven by the convergence of artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and smart home systems. These advancements are enabling assistive devices to be tailored to individual needs, adapt to changing conditions, and provide greater independence and control over one's environment.

Wearable devices and sensors are continuously monitoring health metrics, providing real-time data that can inform self-care decisions and promote overall well-being. Robotics-powered exoskeletons and mobility aids are augmenting physical capabilities, while augmented reality (AR) and virtual reality (VR) are revolutionizing training and rehabilitation programs. These groundbreaking innovations are reshaping the assistive technology landscape, expanding the range and efficacy of solutions while making them more accessible to those who need them most.

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According to the report, leading players in the Canada Disabled & Elderly Assistive Device market include Invacare Corporation, Sunrise Medical LLC, Bausch & Lomb, Inc., Permobil AB, Siemens Healthcare, Freedom Scientific, Inc., William Demant Holding A/S, Starkey Hearing Technologies, GN ReSound Group, Ai Squared, Blue Chip Medical Products, Inc., MED-EL, Liberator Ltd., Drive Medical Design and Manufacturing, Exact Dynamics B.V.

Key Insights from the Canada Disabled & Elderly Assistive Device Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the Canada Disabled & Elderly Assistive Device market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the Canada Disabled & Elderly Assistive Device market is provided in the report along with their competitive analysis.

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