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(February 14, 2018)
The ambient assisted living is an emerging field that targets at expanding information and communication technologies in personal healthcare systems for assisting the needs of the old age people. The geriatric population with poor health is more susceptible to various diseases, regular illnesses, and physical disabilities as compared to the younger population. Moreover, diseases such as heart attacks, stroke, diabetes, obesity, and arthritis are commonly observed in the geriatric population. Therefore, there is a need to monitor and assist them continuously, which generates demand for ambient assistive living products such as telemonitoring/telemedicine, communication devices, or equipment that can reimburse for sensory impairments such as visual or hearing. The governments of European countries are taking various initiatives to improve the quality of life of old age people and strengthen the industrial base in Europe through the use of information and communication technologies, supporting various ambient assisted living activities.
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Some of the key players in the market are Assisted Living Technologies, Inc. (U.S.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Tunstall Healthcare Ltd. (U.K.), Chubb Community Care (U.K.), Televic N.V. (Belgium), and Telbios (Italy) among others.
Europe is strongly competing with North America to stay at the top position in the global Ambient Assisted Living Market. The Asia Pacific is expected to be the fastest growing market. However, it is predicted that the North American region will dominate this market. North America is expected to hold the largest share of the market and lead the ambient assisted living market during the forecast period. The U.S. and Canada are major revenue generating countries along with greater market penetration. Though these countries are expected to have a mature market, the market may face a slow growth in the upcoming years. The growing demand for energy management combined with the rising demand for smart and green homes is expected to grow in the North American ambient assisted living market. This region is expected to grow at a high rate due to the large presence of major players such as Emerson, Crestron Electronics, and United Technologies Corporation, among others. The other factors that contribute to the growth of the ambient assisted living market in North America are the disposition toward upscale lifestyle, the obligation of safety, and government regulations to save more power.
On the basis of the management system, the market is categorized into safety & security systems, communication system, medical assistance system, power management system, entertainment, among others.
On the basis of the sensors, the market is segmented into temperature sensor and occupancy sensor among others.
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- Ambient Assisted Living Market services providers
- Smart components manufacturers
- Government agencies
- Cloud Service providers
- Electronic components manufacturers
- Value-added resellers
- Construction builders
- Research firms
- Automation & control networking technologies vendors
- Designers/consultants (HVAC, security, and fire & safety)
- Component manufacturers (sensors & controls)
- Home management systems (product & server providers)
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