Disabled and Elderly Assistive Technologies in The U.S.

October 28, 2008

Wellesley, Mass—According to a new technical market research report, DISABLED AND ELDERLY ASSISTIVE TECHNOLOGIES IN THE U.S. (HLC047B) from BCC Research, the U.S. market for assistive technologies was worth $36.4 billion in 2007 and an estimated $38.2 billion in 2008. This will increase to over $49.3 billion in 2013, for a compound annual growth rate (CAGR) of 5.3%.

However, if eyeglasses and contact lenses are excluded from the analysis, the U.S. assistive technologies market was worth $11.8 billion in 2007, and is expected to reach $12.4 billion in 2008 and $16.4 billion in 2013, for a CAGR of 5.8%.

The market is broken down into the application segments of mobility aids, access aids, daily living aids, communication aids, vision and reading aids, and other types of aids. The largest market segment by far is vision and reading aids, worth $24.9 billion in 2007 and an estimated $26.1 billion in 2008. This segment is expected to reach $33.3 billion in 2013 for a CAGR of 5.0%.

 Communication aids, excluding computers, represent the second largest market segment, worth $4.4 billion in 2007. This should increase slightly in 2008 and reach $5.4 billion in 2013, for a CAGR of 4.0%.

Daily living aids have the third largest share of the market, generating $3.0 billion in 2007 and an estimated $3.2 billion in 2008. This segment should reach $4.3 billion in 2013, for a CAGR of 5.9%.

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Not only has there been substantial growth in the number of disabled and elderly people, they are living longer and living independently or semi-independently for longer as well. These individuals need to perform activities, such as shopping, maintaining personal hygiene and communicating, which were once performed by a family member or institutional caregiver.

In addition to the need to perform basic activities for themselves, disabled and elderly people have also undergone a revolution in their life expectations. They may now expect to be gainfully employed, participate in the political process, and attend cultural and social events; assistive technologies make this possible.

Disabled and Elderly Assistive Technologies in the U.S.( HLC047B )
Publish Date: Oct 2008    

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