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Progress in medical science, technology, and healthcare, combined with demographic trends, societal evolution, and changing attitudes are driving the market for assistive technologies. There has been a substantial growth in the number of disabled and elderly people, and they are living longer independent or semi-independent lives with the help of assistive technologies. BCC Research has studied the topic in detail and has published an updated report on the market for disabled and elderly assistive technologies. According to BCC Research’s report, Disabled and Elderly Assistive Technologies,the U.S. market for assistive technologies is projected to grow from nearly $43.4 billion (including eyeglasses and contact lenses) in 2012 to $45.9 billion in 2013. The market is expected to reach nearly $60.5 billion in 2018, after registering a compound annual growth rate (CAGR) of 5.7% between 2013 and 2018. This report focuses on the U.S. market for the various types of devices and products that are on the market or under development to enable disabled and elderly persons to move about, see, hear, speak, dress themselves, and perform many other everyday activities as “normally” as possible. Where practical, market developments on the global level are also addressed, although in less detail than domestic market developments. Readers can use this report to: • Receive an overview of the U.S. market for disabled and elderly assistive technologies, which encompasses a broad range of devices, from "low-tech" products such as eyeglasses and large-print books to technologically sophisticated products such as voice synthesizers, Braille readers, and wireless monitoring devices. Examine the market opportunities for existing assistive technology products and for those in the pipeline. Focus on legal, regulatory, and insurance issues related to disabled and elderly assistance devices. Analyze major product types and applications, both commercial and developmental. Identify factors that may influence the long-term market for assistive technologies. Receive analyses of market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018. Discuss market drivers and constraints. Examine industry structure, competition, and market shares.
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Study company profiles of major players.
This report has been written explicitly for those with an interest in disabled and elderly care issues, including healthcare professionals, manufacturers and distributors, regulators and health insurers, investors, and the financial and analyst community. This study is tailored especially for readers with an interest in the marketing, financial, and management dimensions of the assistive technologies industry. However, readers with a more general interest in disabled and elderly care will find it useful too.
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