Market research Future

  Market Highlights 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

  Market Scenario The ambient assisted living is flourishing as a new trend along with smart homes. It can be defined as a system that delivers aid and assistance to the elderly population. These systems are designed to assist old age and differently-abled population to live independently. As the age increases, the risk of health also increases and so does the need for the continuous need for monitoring and medical assistance. The ambient assisted living market is expected to grow swiftly due to the advancement in the internet of things technologies and equipment for the smart home. Growing demand for managed care for the old population is one of the major factor driving the Ambient Assisted Living Market. In 2017, globally, the  Ambient Assisted Living Market  is registered as USD 2 billion and during the forecast period (2021-2028), it is expected to reach a market value of USD 13 billion with a growing CAGR of 19%. Advancement in smart technologies pertaining to smart homes and conn

  Market Overview In its research report, Market Research Future (MRFR), emphasizes that the global ambient assisted living market 2020 is expected to grow exponentially, securing a substantial market valuation from USD 2 Billion in 2017, to USD 13 Billion by 2027, and a healthy 19% CAGR over the review period. Drivers and Restraints The  Ambient assisted living  is flourishing as a innovative trend along with smart homes. As the age rises, so does the risk of infection and so does the need for continuous supervision and medical assistance. Owing to the expansion of smart home technology and appliances in the internet, the Ambient Assisted Living Market Analysis is expected to expand rapidly. Rising demand for managed care for the elderly is one of the major factors driving the environmentally assisted living market. Advancement in new technology relating to smart homes and wired room drives more the demand for the environmentally assisted living. However, the market is also driven by