Assistive Tech’s Rapid Growth
Between 2024 and 2025, the market value for assistive technologies grew from $2.9 billion to $4.97 billion. This figure is projected to grow to $30.9 billion by 2033. The growth is being driven by an aging population, increasing numbers of disabilities, and technological development. The United States leads the growth in demand, comprising 35 percent of the market, and of this, mobility devices–wheelchairs and walking aids–make up 40 percent. But in addition to mobility assistance, there are some exciting new advancements in products addressing other needs, including sensory assistance–hearing, sight, and even touch–exoskeletons, neural network grafts, and more.