The expanding assistive tech industry is expected to reach a value of around £21 billion by 2024.
It is thought that growth will be driven by the increasing number of orthopaedic and neurological disorders increasing the demand for mobility devices such as wheelchairs, canes, and crutches, so assistive tech companies are focusing on products with increasingly advanced features.
To help navigate everyday life, consumers are being offered more and more assistance through developments in technology and the assistive tech industry is developing some of the latest, most cutting-edge products, changing the industry outlook.
The increasing number of technological advancements in assistive tech means that the industry as a whole becomes more inclusive. As the consumer base extends and creates more accommodations, society in general has the opportunity to be more accommodating and inclusive for people with disabilities.
Inevitably however, the likely increased value of the assistive tech industry is liable to render the new tech more expensive which means the concomitant cost of the assistive products themselves could result in reduced accessibility to the products from the very people it is seeking to support.
Nevertheless, by expanding the applications of products within the tech industries the sector expands its advancements and developments overall, creating a continuing increase in new advances and applications and so on. Inevitably if this leads to increased business and income into the industry, increased numbers of consumers may render prices more affordable through economies of scale and increased accessibility should result.