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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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Walmart Has 23.6% of U.S. Grocery Sales – But Costco Owns the AI Answer – 5W Grocery Retail AI Visibility Index 2026

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Walmart Owns 21% of U.S. Grocery — But Costco Owns the AI Answer 

NEW YORK, May 7, 2026 /PRNewswire/ — 5WPR, the premier AI communications firm in the United States, today released the U.S. Grocery Retail AI Visibility Index 2026 — the 11th installment in 5W’s AI Visibility Index research series, and the first to rank American grocery retailers by how frequently they are cited inside AI-generated answers.

The headline finding rewrites the category league table.

Walmart, with approximately 21 percent of U.S. grocery market share — the largest in the country — ranks fourth in AI citation share. The retailer cited most often when American shoppers ask ChatGPT, Claude, Perplexity, or Google AI Overviews where to buy their groceries is Costco. Trader Joe’s ranks second. Whole Foods ranks third. Aldi, H-E-B, and Wegmans are all punching far above what their physical footprint would predict.

“Market share is a lagging indicator. AI citation share is a leading indicator,” said Ronn Torossian, Founder and Chairman of 5W. “The grocers who close that gap in 2026 will define the category in 2030. Most grocery CMOs we talk to are running 2019 playbooks against 2026 consumer behavior.”

5W researchers ran more than 80 consumer-intent queries across 12 sub-categories — best overall grocery store, cheapest, highest-quality produce, best private label, best organic, best meal planning, best bulk, best delivery, best customer service, best regional, and others — across the four leading consumer AI platforms. Each retailer was scored on citation frequency, position within the answer, sentiment, and sub-category dominance.

The top 10: Costco, Trader Joe’s, Whole Foods, Walmart, Kroger, Aldi, H-E-B, Publix, Wegmans, and Target.

Key structural findings:

Market share no longer predicts AI citation share. Walmart’s roughly 21 percent share translates to an estimated 8 to 10 percent AI citation share across premium query categories. The decoupling is the single largest such gap in American retail.Private label is the highest-leverage citation asset a grocer owns. Kirkland, Trader Joe’s, 365, Good & Gather, and Great Value are cited directly by name in AI answers at rates that exceed most national CPG brands.Regional loyalty translates directly into regional AI dominance. Regional chains outperform national chains in their home markets by 3x or more.Reddit and TikTok are under-priced citation surfaces. Perplexity pulls a majority of its answers from community sources. ChatGPT and Claude weight Reddit heavily.

The report also identifies six 2026 dynamics reshaping the category, including the new GLP-1 grocery basket, Aldi’s expansion as a citation-compounding program, and Walmart’s CEO transition from Doug McMillon to John Furner — effective February 1, 2026 — as a brand-narrative inflection point.

The full Index, including ranks 11 through 25 and sub-category breakdowns, is available as a free download at 5wpr.com/research.

About 5W

5W is the AI Communications Firm, building brand authority across the platforms where decisions now happen — ChatGPT, Claude, Perplexity, Gemini, and Google AI Overviews — alongside earned media, digital, and influencer channels. 5W combines public relations, digital marketing, Generative Engine Optimization (GEO), and proprietary AI visibility research, helping clients measure and grow their presence in AI-driven buyer research. 

Founded more than 20 years ago, 5W has been recognized as a top U.S. PR agency by O’Dwyer’s, named Agency of the Year in the American Business Awards®, and honored as a Top Place to Work in Communications in 2026 by Ragan. 5W serves clients across B2C sectors including Beauty & Fashion, Consumer Brands, Entertainment, Food & Beverage, Health & Wellness, Travel & Hospitality, Technology, and Nonprofit; B2B specialties including Corporate Communications and Reputation Management; as well as Public Affairs, Crisis Communications, and Digital Marketing, including Social Media, Influencer, Paid Media, GEO, and SEO. 5W was also named to the Digiday WorkLife Employer of the Year list.

For more information, visit www.5wpr.com.

Media Contact
Chris Bergin
cbergin@5wpr.com

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SOURCE 5W Public Relations

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ICAT Logistics Appoints Youssef Annali as Chief Financial Officer

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Transportation and logistics finance leader joins as ICAT accelerates its next phase of growth

DALLAS, May 7, 2026 /PRNewswire/ — ICAT Logistics announces the appointment of Youssef Annali as Chief Financial Officer. Annali brings more than two decades of senior finance leadership across global logistics and supply chain businesses, and joins as the company scales its platform, team, and operational capabilities globally. 

Annali joins ICAT from OIA Global, a $1.4 billion revenue supply chain management leader, where he served as CFO for four years overseeing Finance, Corporate Development, Strategy, Legal, Compliance, and Real Estate. Prior to OIA, he spent eleven years at CEVA Logistics—one of the world’s largest freight and logistics providers—rising to CFO & EVP Finance for North America, where he held financial accountability for a business generating over $4.5 billion in annual revenue and more than 14,000 employees. Earlier in his career, he served in senior finance roles at Abbott, KPMG, and PricewaterhouseCoopers.

Annali has a consistent track record of building finance functions that support strategic growth and has deep experience across financial planning, M&A, treasury, and corporate restructuring. He holds a Post-Master’s in Finance and Control from the University of Amsterdam and a Master’s in Business Administration from the University of Groningen.

“Youssef has led high-performing finance teams at the highest levels of global logistics. He brings the operational depth and strategic mindset our platform demands as we enter the next phase of growth,” said Brad Stogner, CEO of ICAT Logistics.

“ICAT has built something genuinely differentiated—a specialized platform operating in verticals where precision and domain expertise are non-negotiable. The foundation is strong, and the opportunity ahead is significant. I look forward to working with the team to accelerate that momentum,” said Youssef Annali, Chief Financial Officer of ICAT Logistics.

About ICAT

ICAT is the world’s leading specialized logistics company, delivering customized solutions and deep vertical expertise to industries where failure is not an option. With 65 offices and operating capabilities in 190 countries, ICAT serves customers across Live Events, Luxury, Technology, Defense & Aerospace, Life Sciences, and Financial Institutions—sectors defined by uncompromising performance standards. ICAT’s proprietary, AI-powered technology platform provides end-to-end visibility and predictive intelligence, enabling precise execution for the most demanding operations.

ICAT is backed by New Atlas Capital following its acquisition of the Company in 2024.

Contact Information

ICAT Logistics, Inc.
8840 Cypress Waters Blvd, Ste 325,
Coppell, TX, 75019
marketing@icatlogistics.com

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HelloNation Article Highlights Poughkeepsie’s Focus on Youth Investment, Neighborhood Parks and Sustainable Reuse

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The article examines how redevelopment projects and youth programs are reshaping community life across Poughkeepsie.

POUGHKEEPSIE, N.Y., May 7, 2026 /PRNewswire/ — What does long term community growth look like when a city invests in both people and public spaces? HelloNation has published a HelloNation article that provides the answer through a detailed look at how Poughkeepsie is combining youth investment, neighborhood improvements and adaptive reuse projects to support residents and strengthen the city’s future.

The article explains that Poughkeepsie is undergoing a period of reinvention centered on infrastructure upgrades, youth programming and redevelopment along the city’s Northside. According to the article, local and county leaders are working to create spaces where residents can learn, gather and build stronger community connections. The article notes that these efforts are intended to improve quality of life while helping the city grow in a more sustainable and inclusive way.

A major focus of the article is the planned Youth Opportunity Union, also known as the YOU, a large multipurpose youth facility backed by Dutchess County. The HelloNation article describes the project as a 19,000 square foot center that will include childcare services, wellness support, tutoring areas, teaching kitchens and both indoor and outdoor recreation spaces. The article explains that the project reflects a larger regional effort to increase opportunities for children and teenagers in underserved communities.

The article also highlights additional youth centered investments connected to sports, education and recreation. According to the article, Dutchess County has awarded grants to local organizations serving young people between the ages of 6 and 17. The article further explains that Poughkeepsie’s City Parks program has introduced mini grants designed to support renovations and activities in neighborhood parks, including Pershing Avenue and Malcolm X parks.

Beyond youth programs, the article details how the city is working to improve transportation and neighborhood infrastructure. The HelloNation article explains that Poughkeepsie launched its first five year paving plan in 2025, beginning with major roadway improvements on Main Street and other corridors. The article states that these upgrades are intended to improve safety, durability and daily conditions for residents while supporting broader redevelopment goals throughout the city.

Another important part of the article focuses on adaptive reuse and environmental redevelopment on the Northside. The article describes how Scenic Hudson plans to transform the former Standard Gage Factory into the Northside Hub, a redevelopment project designed to serve as both a nonprofit headquarters and a community gathering space. According to the article, the project will feature solar powered operations, office space, public parkland and community facilities near the Walkway Over the Hudson and Dutchess Rail Trail.

The article also explains that Poughkeepsie’s selection as the Mid Hudson winner in New York’s Downtown Revitalization Initiative adds additional momentum to current redevelopment efforts. The HelloNation article notes that the funding will support new downtown projects that build on existing investments in youth programs, infrastructure and adaptive reuse. Together, these efforts are presented as part of a broader strategy to create long term stability and opportunity for local residents.

The article concludes that Poughkeepsie’s emerging identity is closely tied to projects that strengthen neighborhoods while supporting future generations. Poughkeepsie Puts Youth, Neighborhood Parks and Sustainable Reuse at the Center of Renewal features insights from HelloNation Staff Writer, community development coverage of Poughkeepsie, New York, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused digital publications and innovative “edvertising” approach, HelloNation delivers expert-driven, good-news content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities. HelloNation maintains partnerships with the U.S. Conference of Mayors, and the United States First Responders Association.

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