According to projections by market research company Coherent Market Insights, the global assistive technology market will reach $26 billion by 2024, nearly doubling fr om $14 billion in 2015. Zion Market Research is even more optimistic about the industry’s trajectory, with an estimate of $31 billion in 2024 and an annual growth rate of 7.4 percent.
Regardless of the exact figure, analysts agree that the assistive technology industry will grow rapidly in the next several years. According to the who.int, Globally, more than 1 billion people need 1 or more assistive products. Talking about our specific market, the world is changing and people with disabilities need and want to work. But most of them did not have an educational background to improve their skills. That's exactly wh ere we enter to solve this GAP. Our technology can drastically change early childhood education and the most important is: Parents, Healthcare professionals and teachers want to do that. Only in the UAE for example. We have 1200 schools and 80 Rehabilitation centers. If only 10% of them adopt our solution, which we think it is a very small number, and if only 5% of people with disabilities have our solution inside their homes, we are talking about € 1.0M a year. We are not talking about consultancy or side sales which could rise that number in 30% more. For the MEA market alone the numbers are at least 30X more.
Our product has different kinds of customers:
Disabled people and families: these customers purchase the product to empower a person, making way for him or her to use computers and mobile devices by himself or herself. We give them confidence, autonomy, privacy, and, in many cases, a compelling new way of communicating with the family and other people.
Rehabilitation Centers and clinics: It is a powerful tool for several kinds of rehabilitation therapies attended by people with disabilities such as the consequences of cerebral palsy, spinal cord injury, ALS, strokes, Parkinson's disease, congenital malformation, amputations, and many others.
Professionals: They take significant advantage of our solution with their patients, including occupational therapists, Speech therapists, behavior therapists, and physiotherapists.
Schools: Our solution provides endless possibilities for improving the learning process of students with disabilities. Our solution offers several ways of using a computer or mobile device for writing, playing games, attending computer-assisted lessons, and much more.