The Asia Pacific Ambient Assisted Living Market would witness market growth of 25.3% CAGR during the forecast period (2022-2028).
The advancement in information technology has made AAL systems more beneficial. These systems can manage the disease a patient is suffering from. This aids the patient in taking control of the situation without visiting the hospital often. This at the end, helps in reducing the healthcare cost significantly.
The real time monitoring of the health parameters creates alerts during any critical situation. All the family members will get a signal regarding the matter. This helps the individual seek medical attention and prevent the condition from worsening. The smartphone contains many sensors. This includes a GPS, proximity sensors, accelerometer, and gyroscope, all of which aid in real-time mobility detection.
Additionally, wearable devices, patches and other smart garments help provide health signals at the right time. Infrared sensing, oscillometer and optical sensors are different techniques that aid in measuring sugar levels, cardiac output and blood pressure. It is accomplished by utilizing wearable sensors that are handy and reduce stress for the caretaker.
Japan’s average life expectancy has continued to increase and Japan has become one of the leading nations in terms of long-life expectancy. As of 2018, the average life expectancy was 81.25 years for men and 87.32 years for women. Life expectancy is expected to reach 84.95 years for men and 91.35 years for women by 2065. The percentage of people aged 65 and above has also been rising and is the highest in the world. It was 28.4% in 2019 and is expected to reach 33.35% in 2036 and 38.4% in 2065. The number of people participating in the basic old-age insurance scheme across China had reached 175 million, out of which 43.67 million were retirees, by the end of 2005. The high old age funds and the rising geriatric population will propel the usage of ambient assistance living devices and increase the growth of the region's market.
The China market dominated the Asia Pacific Ambient Assisted Living Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,465.3 million by 2028. The Japan market is estimated to grow a CAGR of 24.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 26.1% during (2022 - 2028).
Based on Product, the market is segmented into Safety & Security, Communication Devices, Medical Assistance Products, Mobility, Telemonitoring, Compensatory Impairments, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Ambient Assisted Living Market is Projected to reach USD 19.1 Billion by 2028, at a CAGR of 24.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Panasonic Corporation, ADT, Inc., EnOcean GmbH, 2PCS Solutions GmbH, Assisted Living Services, Inc. (Assisted Living Technologies, Inc.), Televic Group NV, Bay Alarm Medical (Bay Alarm Company), Sensara B.V., and LifeStation, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Safety & Security
- Communication Devices
- Medical Assistance Products
- Mobility
- Telemonitoring
- Compensatory Impairments
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Panasonic Corporation
- ADT, Inc.
- EnOcean GmbH
- 2PCS Solutions GmbH
- Assisted Living Services, Inc. (Assisted Living Technologies, Inc.)
- Televic Group NV
- Bay Alarm Medical (Bay Alarm Company)
- Sensara B.V.
- LifeStation, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Ambient Assisted Living Market, by Product
1.4.2 Asia Pacific Ambient Assisted Living Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Ambient Assisted Living Market by Product
3.1 Asia Pacific Safety & Security Market by Country
3.2 Asia Pacific Communication Devices Market by Country
3.3 Asia Pacific Medical Assistance Products Market by Country
3.4 Asia Pacific Mobility Market by Country
3.5 Asia Pacific Telemonitoring Market by Country
3.6 Asia Pacific Compensatory Impairments Market by Country
3.7 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Ambient Assisted Living Market by Country
4.1 China Ambient Assisted Living Market
4.1.1 China Ambient Assisted Living Market by Product
4.2 Japan Ambient Assisted Living Market
4.2.1 Japan Ambient Assisted Living Market by Product
4.3 India Ambient Assisted Living Market
4.3.1 India Ambient Assisted Living Market by Product
4.4 South Korea Ambient Assisted Living Market
4.4.1 South Korea Ambient Assisted Living Market by Product
4.5 Singapore Ambient Assisted Living Market
4.5.1 Singapore Ambient Assisted Living Market by Product
4.6 Malaysia Ambient Assisted Living Market
4.6.1 Malaysia Ambient Assisted Living Market by Product
4.7 Rest of Asia Pacific Ambient Assisted Living Market
4.7.1 Rest of Asia Pacific Ambient Assisted Living Market by Product
Chapter 5. Company Profiles
5.1 Panasonic Corporation
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Segmental and Regional Analysis
5.1.4 Research & Development Expense
5.1.5 SWOT Analysis
5.2 Honeywell International, Inc.
5.2.1 Company Overview
5.2.2 Financial Analysis
5.2.3 Segmental and Regional Analysis
5.2.4 Research & Development Expenses
5.3 ADT, Inc.
5.3.1 Company Overview
5.3.2 Financial Analysis
5.3.3 Segmental Analysis
5.4 EnOcean GmbH
5.4.1 Company Overview
5.5 2PCS Solutions GmbH
5.5.1 Company Overview
5.6 Assisted Living Services, Inc. (Assisted Living Technologies, Inc.)
5.6.1 Company Overview
5.7 Televic Group NV
5.7.1 Company Overview
5.8 Bay Alarm Medical (Bay Alarm Company)
5.8.1 Company Overview
5.9 Sensara B.V.
5.9.1 Company Overview
5.10. LifeStation, Inc.
5.10.1 Company Overview
TABLE 1 Asia Pacific Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Safety & Security Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Safety & Security Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Communication Devices Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Communication Devices Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Medical Assistance Products Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Medical Assistance Products Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Mobility Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Mobility Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Telemonitoring Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Telemonitoring Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Compensatory Impairments Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Compensatory Impairments Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Ambient Assisted Living Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Ambient Assisted Living Market by Country, 2022 - 2028, USD Million
TABLE 21 China Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 22 China Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 23 China Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 24 China Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 25 Japan Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 26 Japan Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 27 Japan Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 28 Japan Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 29 India Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 30 India Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 31 India Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 32 India Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 33 South Korea Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 34 South Korea Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 35 South Korea Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 36 South Korea Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 37 Singapore Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 38 Singapore Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 39 Singapore Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 40 Singapore Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 41 Malaysia Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 42 Malaysia Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 43 Malaysia Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 44 Malaysia Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 45 Rest of Asia Pacific Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 46 Rest of Asia Pacific Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 47 Rest of Asia Pacific Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 48 Rest of Asia Pacific Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 49 Key Information – Panasonic Corporation
TABLE 50 Key Information – Honeywell International, Inc.
TABLE 51 Key Information – ADT Inc.
TABLE 52 Key Information – EnOcean GmbH
TABLE 53 Key Information – 2PCS Solutions GmbH
TABLE 54 Key Information – Assisted Living Services, Inc.
TABLE 55 Key Information – Televic Group NV
TABLE 56 Key Information – Bay Alarm Medical
TABLE 57 Key Information – Sensara B.V.
TABLE 58 Key Information – LifeStation, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Panasonic Corporation