Assisted Living Technologies Market, Global Outlook and Forecast 2023-2030
The global Assisted Living Technologies market was valued at US$ 40090 million in 2022 and is projected to reach US$ 75090 million by 2030, at a CAGR of 9.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Assisted living technologies deal with improving quality of life with the help of a group of service providers. This group is responsible for providing personal services, round the clock supervision, and assistance in the area of health care related services. With the onset of Medicare and Medicaid, there is beginning of long term service delivery which consists of nursing care at home facilities. In order words, assisted living technologies is an integration of standalone assisted technologies with elements of smart home and telehealth services. Assisted technology services deal with information and communication technologies which are used for diagnosis, treatment, consultations, and patient educa...