Assisted Living Technologies Market Size to Expand Significantly by the End of 2

Posted by Sachin Darakhe on September 24th, 2019

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 education.

The European Union funded project SOPRANO (Service-Oriented Programmable Smart Environments for Older Europeans) is a renowned international consortium consisting of corporations, service providers, academic institutions, and partners with countries such as Greece, Germany, the U.K., the Netherlands, Spain, Slovenia, Ireland, and Canada. The Cambridge Assisted Living Technologies (Cambridge ALT) is developed with the aim of encouraging older people to live in their own homes for a longer duration. Also, students of EPSRC Center for Doctoral Training (CDT) in Sensor Technologies and Application have developed an innovative platform for technology with an aim to revolutionize home care for older citizens.

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The basic activities included in assisted living technologies are 24*7 home care service for protection, emergency service, inclusion of three meals daily, encouragement of social gatherings, continuous supervision for physical or mentally disabled individuals, facilities such as housekeeping, and maintenance and transportation.

Key players in the global assisted living technologies market are Assisted Living Technologies, Inc., CareTech AB, Chubb Community Care, GreenPeak Technologies BV, Koninklijke Philips N.V., OBS Medical Ltd., Possum Ltd., Telbois, TeleAlarm S.A., Tunstall Healthcare Ltd., Tyco Security Products, and Tynetec, among others.

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