Published 1st March 2018
NDIS published the 1st issue of Market Insights in November 2017, with interesting information about Assitive Technology.
The Market Insight aims to offer information designed to help providers understand consumer demand for AT in the NDIS and identify potential opportunities for business growth across geographic regions and product groups.
NDIS participants can buy a wide range of AT products and services with their NDIS budget, giving them choice and purchasing power. In 2016–17, personal mobility equipment and care product groups accounted for over 70% of AT expenditure. The next largest product groups are custom prosthetics and home modifications.
This change in market dynamics is expected to drive improvements in AT service quality and innovation. Across Australia, about one in three registered NDIS providers are in the AT sector. Registered providers of AT grew by 38% in the quarter to 30 June 2017 and now number over 3,250 unique businesses. On average, these providers are registered for 1–2 AT product groups.
Providers can look for opportunities to take advantage of the progressive rollout of the $22 billion NDIS which, over the next two years, will see the number of participants grow to 460,000.
You can read the full Market Insight here.
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