ASSISTIVE TECHNOLOGY MARKET ANALYSIS

Regional Analysis

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, Rest of Middle East 
• Africa: South Africa, North Africa, and Central Africa

Global Assistive Technology Market- Regional Insights

• North America is projected to account for the largest share of the market during the forecast period, with a share of 35.2% in 2022. This is due to the high prevalence of disabilities and technological advancements in assistive technology devices in the region. The S.is the largest market for assistive technology in North America, followed by Canada. For instance, according to data published by Centers for Disease Control and Prevention, 61 Mn adults in the U.S. live with a disability. According to the same source, mobility accounts for 13.7% mobility disability (serious difficulty walking or climbing stairs), 10.8% cognition (serious difficulty concentrating, remembering, or making decisions), and others.
• Europe is projected to be the second-largest market for assistive technology, with a share of 27.3% in 2022. This is due to the inorganic growth strategies by market players in the region. Germany, the U.K. and France are the leading markets for assistive technology in Europe. For instance, on July 18 2023, Cadence Design Systems, Inc., a computer software company, announced that it has successfully collaborated with a consortium that included GlobalFoundries (GF), Hoerzentrum Oldenburg gGmbH and Leibniz University Hannover to develop the industry’s first binaural hearing aid system-on-chip (SoC) prototype, which is programmable with high-programming languages and enables customers to create hearing aids that process critical sounds more optimally while simultaneously reducing background noise.
• Asia Pacific is projected to be the fastest-growing market for assistive technology, with a CAGR of 5.2% during the forecast period. This is due to the rising geriatric population and increasing awareness about assistive technology in the region. China, India, and Japan are the leading markets for assistive technology in Asia Pacific.