INLET
Israeli Network of Life Enhancing Technologies

Market

“Assistive Technology”

Assistive Technology:

Refers to “any product, device, or equipment that is used to maintain, increase, or improve the functional capabilities of individuals with a disability.” United States Assistive Technology Act of 1998

Our Definition:

Any product, technology or solution that grants significantly increased independence to a sizable number of people in need, in particular people with disabilities and the aging population. And while “assistive technology” is the accepted terminology, we prefer to use the more positive “life enhancing technology”.

The Market:

  • Per World Health Organization, globally, more than 1 billion people (1 in 7 in the world) need one or more assistive products.

    Worldwide:

    • 75 million people need a wheelchair

    • 970 million people are visually impaired

    • 466 million people have disabling hearing loss

    • More than 2 billion people will need at least 1 assistive product by 2030

  • Per the United Nations, people with disabilities are the largest minority group in the world.

  • Per Coherent Market Insights, the global elderly and disabled assistive devices market was valued at $14 billion in 2015 and is expected to surpass $26 billion by 2024.