AMBIENT ASSISTED LIVING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Ambient Assisted Living Market, By Product Type (Smart Home Devices, Wearable Technology, Health Monitoring Systems, Communication Technologies, and Home Automation Systems), By Application (Elderly Care, Health Management, Safety and Security, Energy Management, and Lifestyle Management), By End User (Elderly Individuals, Individuals with Disabilities, Healthcare Providers, Caregivers, and Assisted Living Centers), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In November 2023, according to the U.S. Centers for Disease Control and Prevention, life expectancy at birth has been steadily increasing, with a target of 74.4 years by 2022, up from 73.3 years in 2017. Most of this increase is attributed to reduced infant mortality. However, life expectancy in the United States has declined for the third consecutive year to 78.6 years.
In November 2022, Synaptics Incorporated, a human interface devices development company, introduced an ultra-miniature System on Module (SoM) designed to offer low-power, AI-driven computer vision and audio sensing capabilities, along with integrated Wi-Fi and Bluetooth connectivity.
In June 2022, Amazon, a multinational technology company unveiled a series of updates and outlined its broader strategy to enable ambient intelligence, transforming how people interact with technology and artificial intelligence (AI) across various environments
In March 2022, Quil, a digital health company & joint venture between Comcast and Independence Health Group, introduced the limited commercial release of Quil Assure, a new connected home platform designed to help elderly individuals live more independently while enhancing the support of their family and caregivers