Assisted Living Technologies Market; Rising Geriatric Population to Foster Market Growth

Download Sample

Published Date: May 2023

Assisted Living Technologies is a tool which help aged adults with disabilities to perform daily activities and to continue to live at home and to prevent the need for long-term care. Assisted Living Technologies has positive impact on health and well-being of a person as it monitors safety of disable person in their home for 24 hours by providing peace of mind for them.

Rise in geriatric population and innovation in technology has given positive impact on target market growth. Ability of an individual to work and to carry out daily activities decrease with age which in turn has given rise in demand for using assistance living technologies. Further, according to WHO (World Health Organization), more than one billion people across the world need at least one assistive product to carry out daily activities. Furthermore, rising demand for remote patient monitoring devices, disposable income and government spending in improving quality of life is expected to propel the demand for Assisted Living Technologies market growth over the forecast period.

The report “Assisted Living Technologies Market, By Type (Diagnosis, Treatment, and Patient education), By Application (Homecare and Hospital), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

In September 2022, Athulya Senior Care launched its new assisted living facility in Bengaluru (India). New launched facility is featured with world-class services and technology enabled facilities with water absorbent toilet floors, installation of grab rails, flooring with soft material and other geriatric accessories.
In January 2023, Philips launched new app-based hub for senior caretaking products into single digital ecosystem for family caretakers. New launched “Philips Cares” app offers reminders, scheduling tools to track and manage senior’s care and access to emergency services.

Analyst View:

The key factor driving the growth of the Assisted Living Technologies market is growth in ageing population. Rising prevalence of chronic diseases lead to hospitalization which has further, increased demand for target market growth. High potential markets in developed countries and continuous advancement in technology is expected to boost the demand for Assisted Living Technologies market growth in coming years. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on “*Assisted Living Technologies Market, By Type (Diagnosis, Treatment, and Patient education), By Application (Homecare and Hospital), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

The Assisted Living Technologies Market is segmented based on Type, Application and Region.

Based on Type, Assisted Living Technologies Market is segmented into Diagnosis, Treatment, and Patient education.
Based on Application, Assisted Living Technologies Market is segmented into Homecare and Hospital.
By Region, the Assisted Living Technologies Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Assisted Living Technologies Market:

The prominent players operating in the Assisted Living Technologies Market includes, Assisted Living Technologies, Inc., CareTech AB, Chubb Services Limited, GreenPeak Technologies BV, Koninklijke Philips N.V, Tyco Security Products, Tynetec Ltd., OBS Medical Ltd., Possum Ltd., Telbois, and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period