From GlobeNewswire: 2025-05-21 02:10:00

The Ambient Assisted Living market is set to grow significantly, with a projected value of USD 57.47 billion by 2032, driven by the integration of intelligent technologies to aid the elderly and disabled. The U.S. leads the market, with high healthcare spending and a growing elderly population. Major players include Honeywell, Siemens, and Philips, offering AI-powered solutions for independent living.

In 2023, the safety & security segment led the global Ambient Assisted Living market, offering smart security systems and fall detection sensors. Increasing adoption is fueled by government incentives and insurance vendors recognizing the risk reduction benefits. Communication devices, such as smart voice assistants and video calling devices, are expected to see significant growth, catering to the rising demand for telehealth consultations and digital companionship services.

North America dominates the global AAL market, capturing 45% of revenue in 2023, with a well-established healthcare infrastructure and government support for eldercare technology. The Asia-Pacific region is expected to see rapid growth in the coming years, driven by increasing awareness and adoption of advanced home safety systems. Smart health infrastructure is on the rise in aging countries like Japan and South Korea, with China prioritizing “Smart Aging” in its 14th Five-Year Plan. Philips Healthcare’s CareSage platform uses predictive analytics to monitor patient health, while Samsung Electronics is implementing SmartThings-based ambient care solutions for the elderly in the U.S.

The ambient assisted living market is segmented into medical assistance, safety, communication devices, telemonitoring, mobility, compensatory impairments, and others. With technology penetration and smart home adoption rates on the rise, public and private funding in AAL programs is a key focus for the future.

Interested in customized research on the ambient assisted living market? Check out the related report on global IoT medical devices market forecast. SNS Insider is a leading market research and consulting agency providing current, accurate market data and insights to help clients make informed decisions in a rapidly changing landscape.



Read more at GlobeNewswire: Ambient Assisted Living Market Size to Reach USD 57.47