The global ambient assisted living market is witnessing phenomenal growth. Advancement in the internet of things (IoT) technologies and equipment alongside the adoption of smart home concept drive the market growth. Moreover, the growing demand for managed care for senior populations is a key driving force behind the market growth. Ambient Assisted Living (AAL) is playing an essential role in the field of elderly care.
With the growing senior populaces at an increased risk of health and need continuous monitoring & medical assistance, the market is expected to grow swiftly. Market Research Future (MRFR) asserts that the global ambient assisted living market is expected to reach a valuation of USD 13 BN by 2028, registering a 19% CAGR throughout the forecast period (2021-2028).
Read more@ https://www.marketresearchfuture.com/reports/ambient-assisted-living-market-1015
The market is segmented into systems, sensors, services, and regions. The system segment is sub-segmented into medical assistance systems, safety & security system, power management system, transportation, entertainment, communication system, and others. The sensor segment is sub-segmented into temperature sensors, occupancy sensors, and others. The service segment is sub-segmented into customization & renovation, installation & repair, and others.
Major Players:
Some of the players leading the AAL market include Honeywell International, Inc. (US), Assisted Living Technologies, Inc. (US), Siemens AG (Germany), Legrand SA (France), Ingersoll Rand Plc. (Ireland), ABB Group (Switzerland), Chubb Community Care (UK), Gnomon Informatics SA (Greece), Televic N.V. (Belgium), Panasonic Corporation (Japan), and Telbios (Italy), among others.
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