Opportunity

Large number of under-served users​

• Only 10% of people globally who need Assistive Technology have access to it . 1/3rd of those abandon it as it does not meet their needs over time.

• 1 billion+ people require the use of an assistive technology (AT), yet only 5-15% of the population have access to it.

• 80% of world’s disabled people live in emerging markets. Meeting their needs will require innovations in how products, services and platforms are designed and distribution networks to reach these users.

• For every dollar spent on assistive technology, the economy receives a nine dollar return.

• Having disability increases the cost of living by about a third of average income

OECD research says that 67% of people do not get the mental health support they need. People with mental illness have poorer educational, employment, and physical health outcomes than those in good mental health.

The economic burden of mental ill-health can be as high as 4% of GDP.

Markets waiting to be built

• The global elderly and disabled assistive devices market size was valued at US$ 22.07 billion in 2021 and is expected to hit US$ 34.18 billion by 2030.

• Markets for rehab and AT are expected to reach US$ 385 billion and US$ 34 billion by 2030.

• Markets for rehab and AT are expected to reach US$ 385 billion and US$ 34 billion by 2030.

• Deloitte Global predicts that spending on mobile mental health applications will reach ~US$ 500 million.