Pune, India, April 3, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Ambient Assisted Living Market Research Report.

Market Highlights

The increasing demand for managed care for growing elderly population due to complex and costly health needs encourage many enterprises and local authorities to design health policies, so as the old age population can live independently and cost-effectively. As the people age, they tend to lose the self-care as the older adults are more prone to illness, and require the continuous primary and preventive care. However, many of the health-related issues often require constant third-person monitoring, which is lacking in most of the developed countries, as most of them are working professionals. Major attention is towards the management of chronic diseases, and improved coordination between the smart medical devices and healthcare initiatives.

Key Players

Market Research Future (MRFR) identifies the following companies as the key players in the Ambient Assisted Living market – Assisted Living Technologies, Inc. (U.S.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Gnomon Informatics S.A. (Greece), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), and Panasonic Corporation (Japan).

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Regional analysis

Geographically, the Ambient Assisted Living market in four different regions namely, North America, Europe, Asia Pacific, and Rest of the World. The North American market is further divided into the U.S., Canada, and Mexico while the European market is segmented into Germany, the U.K., France, Italy and Rest of Europe. The Asia Pacific market is sub-divided into China, India, Japan, and Rest of Asia Pacific.

North America accounted for the largest market share in 2017. The U.S. is leading the market whereas Canada is expected to witness high growth rate in the coming future. Growing medical expenditure, and increasing adoption rate of smart devices are some of the major driving force for the growth of ambient assisted living technology in the region. Europe is projected to grow with the fastest growing CAGR during the forecast period.

Ambient assisted living is considerably more predominant in Europe, however as the technology progresses and these systems mark their presence in the related fields, growth in regions like North America, Australia, and Eastern Asia, especially Japan is highly anticipated. A large number of research projects and NGO initiatives have made its space in Europe in recent years, such as ambient assisted living Joint Programme, ambient assisted livingiance (1 and 2) and many others usually focusing on accessibility, and technical feasibility of the technology for the ageing population.