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:
By Product
- Safety & Security
- Communication Devices
- Medical Assistance Products
- Mobility
- Telemonitoring
- Compensatory Impairments
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- 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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Ambient Assisted Living Market, by Product
1.4.2 LAMEA 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. LAMEA Ambient Assisted Living Market by Product
3.1 LAMEA Safety & Security Market by Country
3.2 LAMEA Communication Devices Market by Country
3.3 LAMEA Medical Assistance Products Market by Country
3.4 LAMEA Mobility Market by Country
3.5 LAMEA Telemonitoring Market by Country
3.6 LAMEA Compensatory Impairments Market by Country
3.7 LAMEA Others Market by Country
Chapter 4. LAMEA Ambient Assisted Living Market by Country
4.1 Brazil Ambient Assisted Living Market
4.1.1 Brazil Ambient Assisted Living Market by Product
4.2 Argentina Ambient Assisted Living Market
4.2.1 Argentina Ambient Assisted Living Market by Product
4.3 UAE Ambient Assisted Living Market
4.3.1 UAE Ambient Assisted Living Market by Product
4.4 Saudi Arabia Ambient Assisted Living Market
4.4.1 Saudi Arabia Ambient Assisted Living Market by Product
4.5 South Africa Ambient Assisted Living Market
4.5.1 South Africa Ambient Assisted Living Market by Product
4.6 Nigeria Ambient Assisted Living Market
4.6.1 Nigeria Ambient Assisted Living Market by Product
4.7 Rest of LAMEA Ambient Assisted Living Market
4.7.1 Rest of LAMEA 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 LAMEA Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 4 LAMEA Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 5 LAMEA Safety & Security Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Safety & Security Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Communication Devices Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Communication Devices Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Medical Assistance Products Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Medical Assistance Products Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Mobility Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Mobility Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Telemonitoring Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Telemonitoring Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Compensatory Impairments Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Compensatory Impairments Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Ambient Assisted Living Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Ambient Assisted Living Market by Country, 2022 - 2028, USD Million
TABLE 21 Brazil Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 22 Brazil Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 23 Brazil Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 24 Brazil Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 25 Argentina Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 26 Argentina Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 27 Argentina Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 28 Argentina Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 29 UAE Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 30 UAE Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 31 UAE Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 32 UAE Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 33 Saudi Arabia Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 34 Saudi Arabia Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 35 Saudi Arabia Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 36 Saudi Arabia Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 37 South Africa Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 38 South Africa Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 39 South Africa Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 40 South Africa Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 41 Nigeria Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 42 Nigeria Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 43 Nigeria Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 44 Nigeria Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 45 Rest of LAMEA Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 46 Rest of LAMEA Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 47 Rest of LAMEA Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 48 Rest of LAMEA 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