The global market for assistive technology (AT) devices is thriving on account of the increased sensitivity towards the ailments of the disabled people. Assistive technology devices are meant to aid people with disabilities or impairments in performing day-to-day tasks. Some of the common examples of assistive technology devices include hearing aids, vocational aids, learning aids, and mobility aids amongst others. Even the most minor form of disability can severely hamper the daily activities of a person. Hence, it is important to have effective assistive technology devices that could reduce the bane suffered by people with inherent or accidental disabilities. A report by Transparency Market Research (TMR) detangles several aspects of the global market for assistive technology devices. The report is an apt depiction of the market forces of demand and supply, and also foretells a growth track for the market over the coming years. The title of the report ‘Assistive Technology (AT) Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025’.
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Governments across the globe are making prolific efforts to have a more inclusive physical infrastructure across public and private sector undertakings. In order to do this, several buildings are equipped with assistive technology devices, which is a positive sign for the market, Moreover, hotels, banks, resorts, and offices have also shown a sense of responsibility towards disabled patients or employees by providing hearing aids, wheel chairs, and other assistive aids. This has become an important factor that is propelling demand within the global market for assistive technology devices.
A regional deconstruction of the market reveals the following key segments: Asia Pacific (APAC), Europe, North America, the Middle East and Africa (MEA), and Latin America.
Some of the key players in the market include MED-EL, GF Health Products, and Medical Depot (Drive Medical).