The Europe Ambient Assisted Living Market would witness market growth of 24.2% CAGR during the forecast period (2022-2028).
Ambient intelligence (AMI) is the capability of the computing system to sense its surroundings and respond to people. On the ambient intelligence, built systems are known as AAL tools. Among the variety of these tools, medicine reminders and medication management tools play an essential role in controlling health conditions.
With the wide usage of smartphones, AAL technology aids in ensuring high-level safety through the mobile emergency response system. Other such systems include video surveillance and fall detection. With all these facilities, family members can be alerted and take fast action in an emergency. Ambient assisted living aids in mobility & automation, which enables seniors work independently without waiting for caregivers to provide support. It also monitors daily activities & issues reminders whenever required.
In Germany, statutory pension insurance is an essential old-age security system. The scope of persons insured under the statutory pension insurance scheme contains compulsory insurance for persons employed for remuneration or in their vocational training. Compulsory insurances also cover the self-employed in certain occupational groups. There is also the option of applying for mandatory insurance. The government’s various pension schemes will make older people financially self-reliable; hence they will be able to spend more on advanced healthcare devices like ambient assisted living, which will boost the market expansion in the region.
The Germany market dominated the Europe Ambient Assisted Living Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,265.3 million by 2028. The UK market is anticipated to grow at a CAGR of 23.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 25.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Ambient Assisted Living Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Ambient Assisted Living Market, by Product
1.4.2 Europe 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. Europe Ambient Assisted Living Market by Product
3.1 Europe Safety & Security Market by Country
3.2 Europe Communication Devices Market by Country
3.3 Europe Medical Assistance Products Market by Country
3.4 Europe Mobility Market by Country
3.5 Europe Telemonitoring Market by Country
3.6 Europe Compensatory Impairments Market by Country
3.7 Europe Others Market by Country
Chapter 4. Europe Ambient Assisted Living Market by Country
4.1 Germany Ambient Assisted Living Market
4.1.1 Germany Ambient Assisted Living Market by Product
4.2 UK Ambient Assisted Living Market
4.2.1 UK Ambient Assisted Living Market by Product
4.3 France Ambient Assisted Living Market
4.3.1 France Ambient Assisted Living Market by Product
4.4 Russia Ambient Assisted Living Market
4.4.1 Russia Ambient Assisted Living Market by Product
4.5 Spain Ambient Assisted Living Market
4.5.1 Spain Ambient Assisted Living Market by Product
4.6 Italy Ambient Assisted Living Market
4.6.1 Italy Ambient Assisted Living Market by Product
4.7 Rest of Europe Ambient Assisted Living Market
4.7.1 Rest of Europe 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 Europe Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 2 Europe Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 3 Europe Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 4 Europe Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 5 Europe Safety & Security Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Safety & Security Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Communication Devices Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Communication Devices Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Medical Assistance Products Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Medical Assistance Products Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Mobility Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Mobility Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Telemonitoring Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Telemonitoring Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Compensatory Impairments Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Compensatory Impairments Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Ambient Assisted Living Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Ambient Assisted Living Market by Country, 2022 - 2028, USD Million
TABLE 21 Germany Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 22 Germany Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 23 Germany Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 24 Germany Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 25 UK Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 26 UK Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 27 UK Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 28 UK Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 29 France Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 30 France Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 31 France Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 32 France Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 33 Russia Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 34 Russia Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 35 Russia Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 36 Russia Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 37 Spain Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 38 Spain Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 39 Spain Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 40 Spain Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 41 Italy Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 42 Italy Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 43 Italy Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 44 Italy Ambient Assisted Living Market by Product, 2022 - 2028, USD Million
TABLE 45 Rest of Europe Ambient Assisted Living Market, 2018 - 2021, USD Million
TABLE 46 Rest of Europe Ambient Assisted Living Market, 2022 - 2028, USD Million
TABLE 47 Rest of Europe Ambient Assisted Living Market by Product, 2018 - 2021, USD Million
TABLE 48 Rest of Europe 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