The Worldwide Ambient Assisted Living Market is Projected to reach USD 19.1 Billion by 2028, at a CAGR of 24.5%

Published Date: 21-Feb-2023

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Ambient Assisted Living Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Ambient Assisted Living Market size is expected to reach $19.1 billion by 2028, rising at a market growth of 24.5% CAGR during the forecast period.

The Safety & Security segment is leading the Global Ambient Assisted Living Market by Product in 2021 thereby, achieving a market value of $4.8 billion by 2028. This is because of the increasing demand for medical alert systems & smart fall detection sensors. The growing incidences of falls among old adults are increasing its usage. Also, the development of new services and technological advancements like the latest DIY (Do It Yourself) home security product. The DIY includes cameras, sensors, and numerous hubs for professional monitoring & storage to ensure the convenience and comfort of the patients.

The North America market dominated the Global Ambient Assisted Living Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7.2 billion by 2028. The Europe market is exhibiting a CAGR of 24.2% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 25.3% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Ambient Assisted Living Market Segmentation

By Product

  • Safety & Security
  • Communication Devices
  • Medical Assistance Products
  • Mobility
  • Telemonitoring
  • Compensatory Impairments
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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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Related Reports:

North America Ambient Assisted Living Market size & Opportunities 2022-2028

Europe Ambient Assisted Living Market & Growth Forecast 2022-2028

Asia Pacific Ambient Assisted Living Market Share & Industry Outlook to 2028

LAMEA Ambient Assisted Living Market Growth, Trends & Forecasts 2022-2028

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