Disabled and Elderly Assistive Technologies in the U.S.
- The U.S. market for assistive technology is expected to be worth $38.2 billion in 2008, up from $36.4 billion in 2007. This should increase to $49.3 billion in 2013, a compound annual growth rate (CAGR) of 5.3%.
- The vision and reading aids segment dominates the market, generating $24.9 billion in 2007 and an estimated $26.1 billion in 2008 and $33.3 billion in 2013, a CAGR of 5.0%.
- The communication aids segment is 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%.
ASSISTIVE TECHNOLOGY PRODUCTS
- Major product types and applications, both commercial and developmental
- Market size and segmentation, including historical data on sales by application and product type
- Market drivers and constraints
- Detailed market projections through 2013
- Industry structure, competition and market shares
- Factors that may influence the long-term market for assistive technologies
- Healthcare professionals
- Manufacturers and distributors
- Regulators and health insurers
- The financial and analyst community
- Mobility and dexterity-enhancing products
- Products for the vision, hearing and speech-impaired
- Toileting and incontinence products
- Medical/personal monitoring products
- Other products such as environmental controls and daily living aids
- Technologies used in disabled and elderly care products
- Conditions and applications addressed
- Product types
- Legal, regulatory, and insurance issues
- Patent and IP issues
- Market size and segmentation
- Market drivers
- Market projections, 2007–2013
- Industry size and structure
- Competition and market shares
The U.S. market for assistive technologies is projected to rise from $30.7 billion in 2005 to $39.4 billion in 2010, an AAGR (average annual growth rate) of 5.2%.
The market excluding eyeglasses and contacts is estimated at $8.7 billion and rising to $11.3 billion in 2010, an AAGR of 5.4%.
The largest market segments after vision and reading aids are daily living aids, mobility aids (expected to drop from 7.2% of the market to 5.7% in 2010) and communication aids.
Access aids appear poised to increase their market share from 2.9% in 2004 to 4.3% in 2010.