LAMEA Ambient Assisted Living Market Size, Share & Industry Trends Analysis Report By Product (Safety & Security, Communication Devices, Medical Assistance Products, Mobility, Telemonitoring, Compensatory Impairments), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Ambient Assisted Living Market would witness market growth of 27.5% CAGR during the forecast period (2022-2028).
With the usage of AAL, the individuals could undergo any treatment with the convenience of their home using the help of smart technologies and appliances that will cater to real-time monitoring, evaluation of critical data, triggering the alarms and making recommendations in case of necessities.
Moreover, family & other concerned members will be empowered as they can access live information. AAL’s objective is to ensure the safety & health quality of older adults and extend the years the senior citizens can live independently in their environment. It also reduces the number of informal caregivers by allowing patients to control their health conditions.
In addition, the vast ever-growing world of technology is making it possible for older adults to continue to live an independent life even as they age. Making it easier for caregivers or family members to keep track of loved ones with ease and without sacrificing their entire lives to do so.
The State of Qatar has declared its commitment to continue its efforts to promote & protect elderly rights and also work to remove all obstacles that might prevent them from living a dignity & well-being in the shadow of their families and society. Moreover, to ensure their participation in the construction & development process at all levels. Qatar emphasized the influential role of civil society institutions, including the center of empowerment & elderly care (Ehsan), of Qatar foundation for social work, which gives care & social services for the elderly in the treatment and care. The increased healthcare funding and the rising efforts towards the betterment of old adults will ensure the easy availability & usage of healthcare devices like ambient assisted living propelling the region's market growth.
The Brazil market dominated the LAMEA Ambient Assisted Living Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $311.7 million by 2028. The Argentina market is experiencing a CAGR of 28.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 27.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Ambient Assisted Living Market is Predict to reach $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:
- Safety & Security
- Communication Devices
- Medical Assistance Products
- Compensatory Impairments
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
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