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Elderly and Disabled Assistive Solutions Market to grow by USD 15.60 Billion (2024-2028), AI Redefining Market Landscape with Government and NGO Initiatives – Technavio

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NEW YORK, Sept. 19, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global elderly and disabled assistive solutions market size is estimated to grow by USD 15.60 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.09% during the forecast period. Initiatives by governments and ngos is driving market growth, with a trend towards growing customization. However, issues faced in developing countries poses a challenge. Key market players include Blue Chip Medical Products Inc., Briggs Corp., Cochlear Ltd., Demant AS, DeVilbiss Healthcare GmbH, Electric Mobility Euro Ltd., Freedom Scientific Inc., GF Health Products Inc., GN Store Nord AS, Invacare Corp., LifeTec, MED EL Elektromedizinische Gerate GmbH, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Siemens AG, Sonova AG, Starkey Laboratories Inc., Sunrise Medical LLC, and WS Audiology AS.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Elderly And Disabled Assistive Solutions Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.09%

Market growth 2024-2028

USD 15606 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.32

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 38%

Key countries

US, Germany, Japan, UK, and France

Key companies profiled

Blue Chip Medical Products Inc., Briggs Corp., Cochlear Ltd., Demant AS, DeVilbiss Healthcare GmbH, Electric Mobility Euro Ltd., Freedom Scientific Inc., GF Health Products Inc., GN Store Nord AS, Invacare Corp., LifeTec, MED EL Elektromedizinische Gerate GmbH, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Siemens AG, Sonova AG, Starkey Laboratories Inc., Sunrise Medical LLC, and WS Audiology AS

Market Driver

The elderly and disabled assistive solutions market is witnessing significant advancements, with vendors prioritizing faster delivery processes and mass customization. Mass customization, which involves catering to consumers’ unique requirements, is becoming increasingly important. Technological advances, such as computer-aided designing, offer flexibility in add-on features and equipment. Vendors like Permobil AB and Sunrise Medical provide customization templates for consumers. The growing number of physically disabled individuals and rising awareness of their participation in events like the Paralympics fuel the demand for customized solutions, including swimming pool lifts, customized wheelchairs, and running leg implants. These trends are expected to boost sales and drive market growth during the forecast period. 

The Elderly and Disabled Assistive Solutions market is experiencing significant growth due to the increasing prevalence of mobility impairment disorders from non-communicable diseases like Multiple Sclerosis, Stroke, and Paralysis, as well as non-fatal injuries from road traffic accidents. Mobility aids, such as walkers, canes, wheelchairs, and mobility scooters, are in high demand to improve quality of life. Advanced healthcare systems, including patient mechanical lifts and rehabilitative devices, are also popular solutions. Companies like Sonova Holding AG, AI Squared, and AudioNova provide cost-effective assistive technology, including hearing aids, visual aids, and cognitive aids. Retail stores offer a range of assistive devices, including bathroom safety equipment and crutches, to cater to the needs of the elderly and disabled population. Assistive technology innovations, such as AI-powered mobility scooters and computer software, are also trending. Amputation patients benefit from advanced prosthetic solutions. Overall, the market prioritizes affordable, effective, and user-friendly solutions to enhance the daily lives of those with mobility challenges. 

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 Market Challenges

The elderly and disabled assistive solutions market is primarily dominated by vendors based in the US and Europe, with manufacturing or sales units in 3-5 countries. Import duties, particularly in Asia, significantly impact the market’s growth. Asian countries, including China, India, and Bangladesh, levy high import duties and additional charges, making the import of these products expensive. High import duties discourage institutional end-users, such as hospitals, from importing these instruments and setting up research facilities in these countries due to the high costs involved. In contrast, Middle Eastern countries, such as Qatar, Oman, Saudi Arabia, and the UAE, have the least import charges and duties. However, the logistical complexity of accessories and other consumables used in the manufacturing of assistive solutions and intense competition from low-cost manufacturers like China and India restrict the expansion of global players in the market. These factors are expected to hinder market growth during the forecast period.The Elderly and Disabled Assistive Solutions market caters to the needs of the elderly population and disabled individuals, addressing challenges in daily activities due to advanced healthcare systems and chronic diseases. Companies like AI Squared, AudioNova, and GN Resound Group provide assistive technology and cognitive aids, such as hearing aids and computer software. Cost-effective solutions include assistive devices like canes, crutches, and bathroom safety equipment. Mergers and joint ventures between companies like Drive Medical, Invacare, and Ergonomic manufacturers offer cost-effective hardware systems and independent living alternatives. Hospitals and healthcare services invest in these solutions to improve health results and reduce healthcare expenditure. Developmental strategies focus on creating cost-effective, user-friendly assistive technology for cerebral palsy, dementia, amputation, and other disabilities, enhancing the quality of life for the disabled population.

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Segment Overview 

This elderly and disabled assistive solutions market report extensively covers market segmentation by

Product 1.1 Hearing devices1.2 Mobility and ambulatory devices1.3 Healthcare furniture and BSE1.4 Vision and reading aidsEnd-user 2.1 Hospital2.2 Home care setting2.3 Nursing homes2.4 Assisted living facilitiesGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Hearing devices- The elderly and disabled assistive solutions market, specifically the hearing aids and devices segment, presents a significant growth opportunity for vendors due to the increasing number of people with hearing impairments and related disorders. Hearing aids, such as binaural aids and BTE hearing aids, are gaining popularity with advancements in technology and industrial standards. Major vendors, including Cochlear Ltd., Invacare Corp., Sonova AG, and Demant AS, are introducing new, innovative products, like Phonak Lyric, to cater to consumer needs. Government support through health insurance and subsidies for cochlear implants is also driving market growth. However, challenges, such as short battery life and potential substitution with smart earbuds, may hinder market expansion during the forecast period. Vendors must address these concerns to ensure continued growth in the elderly and disabled assistive solutions market.

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Research Analysis

The Elderly and Disabled Assistive Solutions market encompasses a range of devices and technologies designed to improve quality of life for the elderly and disabled population. Rehabilitative devices, such as braces and prosthetics, help restore mobility and function after injuries or illnesses. Mobility aids like wheelchairs, scooters, canes, and walkers provide independence and ease of movement. Cognitive aids, including visual aids, hearing aids, and computer software, assist individuals with memory, perception, and communication challenges. Healthcare expenses for the elderly and disabled population are significant, making independent living alternatives essential. Assistive devices, such as bathroom safety equipment, hospital beds, and homecare solutions, enable individuals to live safely and comfortably in their own homes. The market caters to various disabilities, including those resulting from dementia, chronic diseases, and road traffic accidents. The geriatric population and individuals with disabilities benefit greatly from these solutions, enhancing their overall health results and promoting a sense of independence.

Market Research Overview

The Elderly and Disabled Assistive Solutions market encompasses a range of advanced healthcare systems and assistive devices designed to enhance the functioning of elderly and disabled individuals. These solutions include assistive technology such as AI-powered cognitive aids, computer software, and hardware systems, which help improve daily activities and enable independent living. Bathroom safety equipment, mobility aids like canes, crutches, and wheelchairs, and medical furniture are essential components of this market. Chronic diseases, disabilities, and mobility impairment disorders like cerebral palsy, multiple sclerosis, and paralysis are common reasons for the use of these assistive solutions. Noncommunicable diseases, such as dementia and stroke, also drive demand. The market caters to various disabilities, including hearing impairments with hearing aids and visual impairments with visual aids. Cost-effective solutions are crucial for the elderly and disabled population, leading to the development of joint ventures and mergers among market players. Homecare, hospitals, and retail stores offer these assistive devices, ensuring accessibility and affordability. Lifestyle changes due to aging or injuries, such as road traffic accidents and amputations, further fuel market growth. Rehabilitative devices, patient mechanical lifts, and mobility scooters are other essential solutions within this market, aiming to improve health results and overall quality of life.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductHearing DevicesMobility And Ambulatory DevicesHealthcare Furniture And BSEVision And Reading AidsEnd-userHospitalHome Care SettingNursing HomesAssisted Living FacilitiesGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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BinBase Expands 2026 BIN Dataset with Instant Payout Intelligence for iGaming, Gambling, and Cross-Border Transfers

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July 24, 2026

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BinBase updates its 2026 dataset with specialized Fast Funds, Visa Direct, and Mastercard MoneySend indicators to help iGaming operators and payout platforms execute seamless, instant card disbursements.

MIAMI, July 23, 2026 /PRNewswire-PRWeb/ — BinBase, a global provider of payment routing intelligence and card issuing data, has introduced specialized instant payout indicators as part of its upgraded 2026 BIN Database. Tailored for iGaming operators, online gambling platforms, crypto-to-fiat ramps, and payout aggregators, the updated dataset helps platform engineers streamline real-time card disbursements and Push-to-Card (P2C) transactions.

In high-velocity sectors such as online betting and gaming, instantaneous player payouts are a primary driver of customer retention. However, executing Push-to-Card transactions through protocols like Visa Direct and Mastercard MoneySend requires knowing whether the receiving card issuer supports Fast Funds for specific merchant category codes (MCCs). Attempting instant payouts on non-eligible cards leads to declined transactions, elevated processing fees, and poor user experiences.

The 2026 BinBase release solves this operational bottleneck by delivering dedicated attributes for real-time fund disbursements:

Fast Funds Eligibility: Granular indicators identifying domestic and cross-border Fast Funds support across global Visa and Mastercard ranges.Online Gambling Fast Funds (OG FF): Dedicated flags specifically identifying card ranges authorized to receive real-time gambling and betting payouts.Mastercard MoneySend & Visa Direct Indicators: Precise protocol compatibility markers (MS Ind & MT Ind) ensuring push transactions are routed only to eligible recipient cards.Direct Debit & Pull-Funds Support: Indicators for recurring collections and account-funding transactions.

“Player payouts in iGaming cannot wait for standard 2-to-3-day ACH settlements,” said a spokesperson for Damiko Inc. “By embedding our Fast Funds and Gambling FF flags into their payment engines, operators can instantly validate recipient cards before initiating a transfer, guaranteeing high success rates and instant liquidity for their users.”

Fintech engineers and payout architects can examine the full 29-field database schema and access a free 2026 sample dataset on GitHub.

To explore commercial licensing, bulk database downloads, or custom data feeds, visit BinBase at https://binbase.com.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate processing fees.

Media Contact
Fedor Lavrikoff, BinBase, 1 7866133334, sales@binbase.com, www.binbase.com 

View original content:https://www.prweb.com/releases/binbase-expands-2026-bin-dataset-with-instant-payout-intelligence-for-igaming-gambling-and-cross-border-transfers-302829344.html

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Walnut Coding’s Young Coders Serve as ‘Instructors’ at Huawei Cloud Developer Training Camp

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11 minutes ago

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July 24, 2026

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Ages 8 and 15, students showcase AI-era project-building skills from concept to working application

BEIJING, July 23, 2026 /PRNewswire/ — Walnut Coding (the “Company”), a leading online platform for youth coding education, said two of its students – ages 8 and 15 – have joined the “instructor” lineup at Huawei Cloud Developer Training Camp, making them among the youngest “instructors” in the program’s history. The Company cites the pair as a prime example of how young learners can combine coding fundamentals with AI tools to turn ideas into working applications.

The two students, Bolin Du, 8, and Peiqi Gao, 15, built working applications using Huawei Cloud CodeArts, an AI coding assistant, then presented the projects to the training camp themselves – walking the audience through their design choices, technical builds, and debugging process.

The move lands at a moment when AI coding tools are forcing a rethink across the education sector. Tools that can generate functioning code from a plain-language prompt have undercut the traditional argument for teaching children to program – that they need the skill to build things themselves. Walnut Coding’s answer is that the more valuable skill now is judgment – knowing what problem to solve, breaking it into parts, and determining whether an AI’s output actually works.

Gao built a travel-planning application that generates routes, itineraries, and recommendations based on user input, handling the project end to end, from requirements and design through coding and debugging. Du, the younger of the two, built an interactive calendar application, using HTML for page structure, CSS for visual design, and JavaScript for interactive features. Both students then took on an instructor’s role at the camp, presenting their project goals and technical implementation to the audience – a step Walnut Coding says separated the work from a typical classroom assignment.

These were not classroom exercises but working projects, built and presented inside a professional developer-training environment. The experience demanded more from both students than simply producing something functional – they needed to articulate their reasoning, defend technical choices, and refine the final result under scrutiny. Their participation signals a broader shift underway in what youth coding education can deliver.

AI is making code generation easier, but it is also redrawing which skills actually matter. A student who relies only on one-click generation may get a rough prototype quickly, but still struggle to spot logical flaws, judge whether the output is reliable, or turn an abstract idea into a product that actually works. Students with programming foundations, by contrast, are better positioned to define requirements, evaluate what the AI produces, correct its errors, and treat the technology as a tool rather than a shortcut to lean on.

“AI can help children generate code faster, but it cannot decide for them what problem they should solve, nor can it make the final judgment about whether the result is truly effective,” said Pengxuan Zeng, founder and CEO of Walnut Coding. “What these two students demonstrated is not just coding technique, but the ability to define needs, break down tasks, verify outcomes, and turn an idea into a working product. That is why we believe young people still need to learn programming in the AI era.”

Walnut Coding structures its courses around that thesis, pairing student-led project work with teaching-assistant guidance and AI-assisted support. According to the Company, this data is continuously fed back into its systems to refine the personalization of AI-assisted feedback — a closed-loop process linking teaching, practice, feedback, and curriculum development.

The Company frames the payoffs less around producing professional software engineers than around a broader form of literacy. As AI continues to reshape how tasks get done, the ability to understand the technology, structure problems clearly and collaborate effectively with intelligent tools may prove one of the most durable skills a young learner can develop.

Walnut Coding says it plans to keep expanding opportunities for students to build practical projects, partner with industry technology platforms such as Huawei Cloud, and develop the core capabilities needed to build with technology in the AI era.

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MOREH Showcases High-Performance LLM Inference on AMD GPUs at AMD Advancing AI 2026

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July 24, 2026

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SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, participated in AMD Advancing AI 2026, AMD’s flagship annual AI event held in San Francisco on July 22–23 (local time), where it demonstrated its distributed inference solution, the MoAI Inference Framework, running on AMD GPUs.

At the event, Moreh presented a live demonstration of the GLM-5.1 large language model (LLM) powered by the MoAI Inference Framework on a system equipped with 32 AMD Instinct™ MI300X GPUs across four nodes. Visitors experienced the chatbot firsthand, evaluating its response speed and service quality while observing performance across a range of real-world use cases.

Unlike conventional demonstrations that simply run an AI model, Moreh’s showcase displayed key inference service metrics in real time, including GPU utilization, Tokens Per Second (TPS), Time To First Token (TTFT), and Time Per Output Token (TPOT). This enabled attendees to directly verify both inference performance and GPU resource efficiency in a production-like service environment.

Global AI industry leaders and enterprise customers attending the event expressed strong interest in the system’s fast response times and stable performance. In particular, the live deployment of the computationally demanding GLM-5.1 model on AMD GPUs at production-grade service levels received positive feedback from visitors.

Moreh’s MoAI Inference Framework is widely recognized as the world’s first commercially deployed distributed inference solution built for the AMD ecosystem. Its distributed inference and heterogeneous computing technologies are designed to dramatically reduce AI service costs, enabling broader adoption of AI worldwide. The technology addresses one of the industry’s biggest challenges-the rapidly rising infrastructure and service costs caused by increasingly larger AI models-by delivering a more efficient inference infrastructure.

Moreh CEO Gangwon Jo stated, “This event provided an opportunity for global customers to verify firsthand that top-tier inference performance can be achieved on AMD GPU environments,” and added “We will continue advancing our AI infrastructure software so enterprises can operate AI services as efficiently as possible, regardless of the underlying GPU platform.”

Moreh develops its own AI infrastructure engine and has expanded its end-to-end AI capabilities through its foundation LLM subsidiary, Motif Technologies, covering both AI infrastructure and foundation models. The company is also strengthening its presence in the global AI market through strategic partnerships with leading technology companies, including AMD and Tenstorrent.

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