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Global assistive technology market to grow by $6.3b by 2029
Its expansion is driven by the rising number of orthopaedic and neurological disorders.
The global assistive technology (AT) market is projected to grow by $6.3b from 2025 to 2029 at a compound annual growth rate of 4.5%, according to Technavio.
The sector’s expansion is attributed to the rising number of orthopaedic and neurological disorders with a trend towards increasing consumer awareness of health and wellness in urban areas.
In developing economies, the market for assistive products such as muscle action aids and weight-bearing devices is expanding, driven by increased healthcare expenditure and rising disposable incomes.
Moreover, AT is experiencing notable growth in the areas of patient safety and functional capabilities for individuals recovering from accidents or hospital admissions.