According to a market report by Lucintel, the future of the global assisted living technology market looks promising with opportunities in the assisted living facility, nursing home, rehabilitation center, home care setting, and hospice markets. The global assisted living technology market is expected to reach an estimated $17.4 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are rising aging population, growing shift towards home-based care, and increasing integration of assisted living technologies with wearables and smart homes.

A more than 150 – page report is developed to understand Trends, opportunity and forecast in assisted living technology market to 2030 by component (hardware, software & apps, and services), product type (smart home devices, wearable devices, in-home cameras, personal emergency response systems, home safety & security systems, medication management devices, and others), end use (assisted living facilities, nursing homes, rehabilitation centers, home care settings, hospices, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, hardware, software & app, and service are the major segments of assisted living technology market by component. Lucintel forecasts that hardware will remain the largest segment over the forecast period due to growing requirement for online consultation and observation.

Within this market, assisted living facility will remain the largest segment due to the fact that these facilities provide senior citizens with individualized care.

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North America will remain the largest region over the forecast period due to growth in the elderly population and presence of well-advanced healthcare infrastructure in the region.

Philips Healthcare, Tunstall Healthcare Group, Medtronic, Siemens Healthineers, Johnson & Johnson, Honeywell, ResMed, General Electric, ADT, and Legrand are the major suppliers in the assisted living technology market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com