The U.S. Disabled & Elderly Assistive Device Market is expected to reach USD 18.28 billion by 2030

The growing government support and increased awareness are driving up demand for the U.S. Disabled & Elderly Assistive Device market during the forecast period.

The U.S. Disabled & Elderly Assistive Device Market was valued at USD 14.74 billion in 2023, and is predicted to reach USD 18.28 billion by 2030, with a CAGR of 3.07% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

In recognition of the growing needs of an aging population, U.S. governments are ramping up support for older adults, fueling the expansion of the disabled & elderly assistive device industry. Governments are acutely aware of the necessity to provide comprehensive care and support for their senior citizens, encompassing healthcare, accessibility, and quality of life.

Consequently, there is a heightened focus on developing and utilizing assistive technologies tailored to the specific needs of older adults. These include devices and systems designed to enhance mobility, communication, and daily living. Government initiatives such as financial incentives, subsidies, and policy frameworks further stimulate the production and distribution of these technologies.

The growing awareness and education surrounding assistive devices in the U.S. have played a pivotal role in their widespread adoption and integration into healthcare practices. As healthcare professionals become more familiar with the diverse array of assistive technologies available, they are better equipped to inform patients and incorporate these solutions into comprehensive care plans.

Public awareness campaigns have further fueled a societal shift, promoting inclusivity and understanding of the challenges faced by individuals with disabilities. This collective awareness not only fosters a positive attitude toward the use of assistive devices but also generates a growing demand for innovative solutions that aim to enhance the overall quality of life for individuals with disabilities and the elderly.

However, high costs are a major obstacle to the disabled and elderly assistive industry in the United States. These costs can be a heavy financial burden for individuals and their families, and they often limit access to essential assistive technology. Insurance coverage and government assistance programs may not fully cover these costs, leaving many people without the financial support they need for the devices and services they rely on. This can make it difficult for them to live independently and fulfilling lives.

On the contrary, assistive technology in the U.S. is undergoing a remarkable transformation, becoming increasingly personalized, accessible, and effective. This transformation is being driven by advancements in artificial intelligence (AI) and machine learning (ML), which are enabling assistive devices to be tailored to individual needs and adapt to changing circumstances. The Internet of Things (IoT) and smart home systems are also empowering users to control their environments with greater independence than ever before.

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

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According to the report, leading players in the U.S. Disabled & Elderly 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 U.S. Disabled & Elderly Assistive Device Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the U.S. 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 U.S. disabled & elderly assistive device market is provided in the report along with their competitive analysis.

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