The global assisted living market is expected to grow from USD 4,258.26 million 2017 to USD 15,587.66 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 20.37%.
“Increase security, safety, and managed care of aging populationis one of the factors largely attributing to the growth of assisted living market globally”
The factors attributing to the growth of the market are increase security, safety, and managed care of aging population, increasing incidence of chronic diseases leading to hospitalization, advancement in iot technologies pertaining to smart homes and connected space, government engaging various activities and initiatives related to assisted living, and continuous need for monitoring and medical assistance. However, some factors such as high capital investment and significant maintenance costs, and limited reachability of assisted living technologies to aged people living with insufficient technology infrastructure may hinder the market growth. The global assisted living market is expected to showcase the opportunities such as participation of major players in activities involved in assisted living program, and rising demand for energy saving and low carbon emission-oriented solutions. In the near future, the market may face the possible challenges in the growth due to and network security concerns pertaining to wireless protocols. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global assisted living market market.
On the basis of geography, the global assisted living market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia).
“ABB Ltd: The potential growing player for the global assisted living market”
The key players profiled in the global assisted living market are ABB Ltd, Assisted Living Technologies, Inc., Chubb Fire & Security Ltd., Doro AB, Honeywell International, Inc., Ingersoll-Rand PLC, Koninklijke Philips N.V., Legrand SA, Possum Ltd, Siemens AG, TeleAlarm S.A., Televic N.V., Tunstall Healthcare Limited, Tyco Security Products, and Tynetec.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global assisted living market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global assisted living market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global assisted living market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global assisted living market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global assisted living market.
Summary:
Get latest Market Research Reports on Assisted Living . Industry analysis & Market Report on Assisted Living is a syndicated market report, published as Global Assisted Living Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update). It is complete Research Study and Industry Analysis of Assisted Living market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.