Assisted Living Technologies - Global Strategic Business Report

Assisted Living Technologies - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Aug 18, 2015, 205 Pages
US$4,500.00
GIA-MCP7085

Assisted Living Technologies - Global Strategic Business Report

This report analyzes the worldwide markets for Assisted Living Technologies in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 84 companies including many key and niche players such as -

Assisted Living Technologies, Inc.
CareTech AB
Chubb Community Care
GreenPeak Technologies BV
Koninklijke Philips N.V

The global market for Assisted Living Technologies (ALT) is exhibiting high growth, backed by aging population and growing demand for managed care. ALT is considered as the perfect solution by governments, when it comes to taking care of the growing base of elderly population, which constitutes a major healthcare burden. Hospitals and long term care institutions are no longer the first choices for the elderly and the physically impaired. Aging at home is becoming the preferred choice. Reduction in government healthcare spending in several countries is additionally squeezing available public funds to finance formal care for the elderly and the disabled. The scenario is spurring opportunities for assisted living technologies given their ability to aid in effective utilization of scarce healthcare resources.

Future growth in the market will come from increased acceptance of assisted living products, particularly by community-based healthcare professionals. The lower cost of these products will play a key role in encouraging market acceptance, against a backdrop where the healthcare community remains focussed on reducing expenditure on formal care and social care. The development of customized solutions to meet specific needs of patients is also expected to spur market growth. Interoperability is another area with immense potential, with the success of future products and technologies depending on their ability to seamlessly integrate with each other. The market is expected to witness several path-breaking technology developments in the future which will help revolutionize the ways and means by which care is provided to the elderly. High impact novel technologies with the capability to positively impact the market include direct brain interfaces, virtual projected interfaces, multi-modal interfaces, and speech input and output, among others. A fledging market, ALT is attracting several new players from diverse fields, thus paving the way for competition induced market development. For companies operating in the ALT space, in-depth understanding of market requirements and the ability to customize product solutions to meet specific needs will go a long way in defining success. Small and medium sized enterprises, associated with specific medical technologies, have huge opportunities for growth, as they are closer to the customers and have better knowledge about their requirements for offering customized solutions.

TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Assisted Living Technologies (ALT) - A Prelude                    II-1
      The Convergence of Telecare, Telehealth, and Smart Homes          II-1
      Current and Future Analysis                                       II-2
      Technological Advancements Foster Market Growth                   II-3
      Institutional Segment Dominates, While Residential to Witness
       Faster Growth                                                    II-3
      Developed Regions Dominate the ALT Market, Developing Exhibit
       Faster Growth                                                    II-4
       Table 1: Market Share of Developed Regions in the Global
       Assisted Living Technologies Market: 2015E (includes
       corresponding Graph/Chart)                                       II-4

       Table 2: Growth of Developing Regions Vis-à-Vis Developed
       Regions: 2014-2020 (includes corresponding Graph/Chart)          II-5
       Table 3: Per-Capita Healthcare Expenditure in Select Regions:
        2014 (includes corresponding Graph/Chart)                       II-5
       Table 4: Healthcare Spending as a Percentage of GDP by
       Region: 2014 (includes corresponding Graph/Chart)                II-5
      Competitive Landscape                                             II-6
       Companies Focus on New Products that can be accessed on
        Standardized Platforms                                          II-6
      Market Restraints                                                 II-7

  2. MARKET TRENDS, DRIVERS AND ISSUES                                  II-8
      Ageing Population and Healthcare Spending Cutbacks Drive
       Market Growth                                                    II-8
      Opportunity Indicators                                            II-9
       Rising Aging Population                                          II-9
        Table 5: Global Population Statistics for the 65+ Age Group:
        2014 (includes corresponding Graph/Chart)                       II-9

        Table 6: Life Expectancy by Select Countries: 2013 (includes
        corresponding Graph/Chart)                                      II-10
       Increasing Incidence of Chronic Diseases                         II-11
        Table 7: Worldwide Prevalence of Diabetes Mellitus by Region
        (2014 & 2035) (includes corresponding Graph/Chart)              II-11
        Table 8: Ten Countries with the Highest DM Cases (2014) 
         (includes corresponding Graph/Chart)                           II-12
        Table 9: Worldwide Incidence of Cancer (2012, 2020 & 2030):
        Number of New Cases Diagnosed (includes corresponding
        Graph/Chart)                                                    II-12

        Table 10: World Cancer Incidence by Geographic Region and
        Gender (2012): Number of New Cancer Cases Reported (in
        Thousands) for Asia-Oceania, Europe, North America, Latin
        America & the Caribbean, and Africa (includes corresponding
        Graph/Chart)                                                    II-13
      ‘From Public to Private Market’ - The Shift Made by Assisted
       Living Technologies                                              II-13
      Digital Inclusion of Elderly and Disabled - Critical for ALT
       Market Success                                                   II-14
      Governments Backing Adoption of Assisted Living Technologies
       and Services                                                     II-14
      Technologies Aiding Healthcare at Home Succeed in a Big Way       II-15

  3. TECHNOLOGICAL DEVELOPMENTS                                         II-16
      Latest Technological Advancements in the ALT Market               II-16
       Robotic Devices                                                  II-16
       Automated Wheelchairs                                            II-16
       GPS-based Devices                                                II-17
       Mobile Apps                                                      II-17
       Advanced Remote Monitoring Devices Connected to Smartphone Apps  II-17
       Social Media, Exclusively for Seniors                            II-17
       Apps for Brain Exercises                                         II-17
       Virtual Checkups                                                 II-18
       Fitness Trackers                                                 II-18
       Advanced Hospital Communication Systems                          II-18
       Software for Predicting and Preventing Falls                     II-18
      What the Future Holds in Technology?                              II-18
      Initiatives for Supporting Product Innovation                     II-19
       Some of the companies with their innovations under
        development include                                             II-19
        Pixie Scientific                                                II-19
        Life2                                                           II-19
        Jibo                                                            II-19
        Lift Hero                                                       II-20
        Lively                                                          II-20
        Tapestry                                                        II-20
        CareSolver                                                      II-20

  4. REGULATORY SCENARIO                                                II-21
      MHRA Approval                                                     II-21
      CE Approval                                                       II-21

  5. PRODUCT OVERVIEW                                                   II-22
      Assisted Living Facilities - An Introduction                      II-22
      How are Assisted Living Facilities Different from Independent
       Living and Nursing Homes                                         II-23
      Primary Characteristics of Assisted Living Community              II-23
       Differing Care Levels                                            II-23
       Unique Personality and Varying Sizes                             II-23
       Affordable Services                                              II-23
       Managing Cultural Diversity                                      II-24
      Amenities and Services Offered at Assisted Living Communities     II-24
      Paying for Assisted Living                                        II-25
      Assisted Living Technologies                                      II-25
      Services/Products Covered Under Assisted Living Technologies      II-25
      Active Vis-à-vis Passive Assistive Technologies                   II-26
      Assisted Living Technologies Market Users                         II-26
      Ethical Issues Concerning Assisted Living Technologies            II-26
      Assisted Technology Products for Computer Operation               II-27

  6. TECHNOLOGY/ PRODUCT INNOVATIONS                                    II-28
      University of Trento Scientists Develop Smart Robotic Walker      II-28
      Fujitsu Develops Technology for Motor Function Abnormalities
       Detection                                                        II-28
      Avanti Senior Living and Eldermark to Launch Electronic
       Records System for Providers of Senior Care                      II-28
      GreenPeak Unveils Smart PIR Sensor for Senior Lifestyle Systems   II-28
      Netgear Launches LAN Solutions for Assisted Living and Other
       Medical Facilities                                               II-28
      Panasonic to Introduce On4Today(tm) Tab-Based Tele healthcare
       Services                                                         II-28
      AT&T To Launch In-Home Monitoring Service for Eldercare           II-29
      Zhone Launches Connected Heatlhcare Telecom Services for
       Assisted Living Communities                                      II-29
      Independa Introduces Caregiver Mobile App for Senior Living
       Organizations and Others                                         II-29
      STMicroelectronics and Tatung Launch UDK-21 for Smart Home
       Solutions                                                        II-29
      AT&T Forays into the Senior Care Market with EverThere
       Wearable Monitor                                                 II-29
      GreenPeak Launches Senior Lifestyle System Monitors               II-29
      Chubb Launches CareUnity, a Carephone for Homecare for Seniors    II-29

  7. RECENT INDUSTRY ACTIVITY                                           II-30
      Legrand and Neat Enter into a Joint Venture Agreement             II-30
      Kent State University Researchers Develop Fabric for Diabetic
       Socks for Foot Ulcers                                            II-30
      LG Partners with Thrive Senior Living, Enters the Senior Care
       Market with Launch of Tech Solutions                             II-30
      Legrand Acquires Tynetec                                          II-30

  8. FOCUS ON SELECT MAJOR PLAYERS                                      II-31
      Assisted Living Technologies, Inc. (US)                           II-31
      CareTech AB (Sweden)                                              II-31
      Chubb Community Care (UK)                                         II-32
      GreenPeak Technologies BV (The Netherlands)                       II-32
      Koninklijke Philips N.V. (Netherlands)                            II-32
      OBS Medical Ltd. (UK)                                             II-33
      Possum Ltd. (UK)                                                  II-33
      Telbios (Italy)                                                   II-33
      TeleAlarm SA (Switzerland)                                        II-34
      Tunstall Healthcare (UK) Ltd. (UK)                                II-34
      Tyco Security Products (US)                                       II-34
      Tynetec (UK)                                                      II-35

  9. GLOBAL MARKET PERSPECTIVE                                          II-36
      Table 11: World Recent Past, Current & Future Analysis for
      Assisted Living Technologies by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), and
      Rest of World Markets Independently Analyzed with Annual
      Revenue Figures in US$ Million for Years 2014 through 2020
      (includes corresponding Graph/Chart)                              II-36

      Table 12: World Historic Review for Assisted Living
      Technologies by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), and Rest of World Markets
      Independently Analyzed with Annual Revenue Figures in US$
      Million for Years 2007 through 2013 (includes corresponding
      Graph/Chart)                                                      II-37

      Table 13: World 14-Year Perspective for Assisted Living
      Technologies by Geographic Region - Percentage Breakdown of
      Dollar Revenues for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), and Rest of World Markets for Years 2007,
      2015 & 2020 (includes corresponding Graph/Chart)                  II-38


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current & Future Analysis                                       III-1
         Table 14: North American Aging Population by Age Group:
         1975-2050 (includes corresponding Graph/Chart)                 III-2
        Product Launches                                                III-2
        Strategic Corporate Development                                 III-4
        Select Key Players                                              III-4
      B.Market Analytics                                                III-5
        Table 15: The US Recent Past, Current & Future Analysis for
        Assisted Living Technologies Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-5

        Table 16: The US Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-6

  2. CANADA                                                             III-7
       Market Analysis                                                  III-7
        Table 17: Canadian Recent Past, Current & Future Analysis
        for Assisted Living Technologies Analyzed with Annual
        Revenue Figures in US$ Million for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-7

        Table 18: Canadian Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-8

  3. JAPAN                                                              III-9
      A.Market Analysis                                                 III-9
        Demographics Drive Market Growth                                III-9
         Table 19: Japanese Elderly (65+ Years) Population:
         2000-2020 (includes corresponding Graph/Chart)                 III-9
        Product Launch                                                  III-9
      B.Market Analytics                                                III-10
        Table 20: Japanese Recent Past, Current & Future Analysis
        for Assisted Living Technologies Analyzed with Annual
        Revenue Figures in US$ Million for Years 2014 through 2020
        (includes corresponding Graph/Chart)                            III-10

        Table 21: Japanese Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-11

  4. EUROPE                                                             III-12
      A.Market Analysis                                                 III-12
        Current & Future Analysis                                       III-12
        Major Growth Drivers                                            III-12
        Ageing Population - The Critical Indicator of Demand Growth     III-13
         Table 22: Population Breakup by Age Group for Select
         European Countries: 2013 (as a Percentage of Total
         Population) (includes corresponding Graph/Chart)               III-14
        The Ambient Assisted Living Joint Program                       III-14
      B.Market Analytics                                                III-15
        Table 23: European Recent Past, Current & Future Analysis
        for Assisted Living Technologies by Geographic Region -
        France, Germany, Italy, UK, Spain and Rest of Europe Markets
        Independently Analyzed with Annual Revenue Figures in US$
        Million for Years 2014 through 2020 (includes corresponding
        Graph/Chart)                                                    III-15

        Table 24: European Historic Review for Assisted Living
        Technologies by Geographic Region - France, Germany, Italy,
        UK, Spain and Rest of Europe Markets Independently Analyzed
        with Annual Revenue Figures in US$ Million for Years 2007
        through 2013 (includes corresponding Graph/Chart)               III-16

        Table 25: European 14-Year Perspective for Assisted Living
        Technologies by Geographic Region - Percentage Breakdown of
        Dollar Revenues for France, Germany, Italy, UK, Spain and
        Rest of Europe Markets for Years 2007, 2015 & 2020 (includes
        corresponding Graph/Chart)                                      III-17

  4a. FRANCE                                                            III-18
       Market Analysis                                                  III-18
        Table 26: French Recent Past, Current & Future Analysis for
        Assisted Living Technologies Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-18

        Table 27: French Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-19

  4b. GERMANY                                                           III-20
       Market Analysis                                                  III-20
        Table 28: German Recent Past, Current & Future Analysis for
        Assisted Living Technologies Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-20

        Table 29: German Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-21

  4c. ITALY                                                             III-22
      A.Market Analysis                                                 III-22
        Product Launch                                                  III-22
        Telbios - A Key Player                                          III-22
      B.Market Analytics                                                III-23
        Table 30: Italian Recent Past, Current & Future Analysis for
        Assisted Living Technologies Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-23

        Table 31: Italian Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includescorresponding
        Graph/Chart)                                                    III-24

  4d. THE UNITED KINGDOM                                                III-25
      A.Market Analysis                                                 III-25
        Current & Future Analysis                                       III-25
        Product Launch                                                  III-25
        Strategic Corporate Development                                 III-25
        Select Key Players                                              III-25
      B.Market Analytics                                                III-28
        Table 32: The UK Recent Past, Current & Future Analysis for
        Assisted Living Technologies Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-28

        Table 33: The UK Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-29

  4e. SPAIN                                                             III-30
       Market Analysis                                                  III-30
        Table 34: Spanish Recent Past, Current & Future Analysis for
        Assisted Living Technologies Analyzed with Annual Revenue
        Figures in US$ Million for Years 2014 through 2020 (includes
        corresponding Graph/Chart)                                      III-30

        Table 35: Spanish Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-31

  4f. REST OF EUROPE                                                    III-32
      A.Market Analysis                                                 III-32
        Product Launches                                                III-32
        Strategic Corporate Development                                 III-32
        Select Key Players                                              III-33
      B.Market Analytics                                                III-35
        Table 36: Rest of Europe Recent Past, Current & Future
        Analysis for Assisted Living Technologies Analyzed with
        Annual Revenue Figures in US$ Million for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-35

        Table 37: Rest of Europe Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-36

  5. ASIA-PACIFIC                                                       III-37
      A.Market Analysis                                                 III-37
        Ageing Population in China                                      III-37
         Table 38: China - The Most Populous Country Worldwide (July
         2013): Total Population (in Millions) by Age Group 0-14
         Years, 15-44 Years, 45-64 Years, and 65+ Years for China
         Vis-a-Vis Other Countries (includes corresponding
         Graph/Chart)                                                   III-37

         Table 39: China - The Most Populous Country Worldwide (July
         2013): Percentage Population by Age Group 0-14 Years, 15-44
         Years, 45-64 Years, and 65+ Years for China Vis-a-Vis Other
         Countries (includes corresponding Graph/Chart)                 III-38
      B.Market Analytics                                                III-39
        Table 40: Asia-Pacific Recent Past, Current & Future
        Analysis for Assisted Living Technologies Analyzed with
        Annual Revenue Figures in US$ Million for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-39

        Table 41: Asia-Pacific Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-40

  6. REST OF WORLD                                                      III-41
       Market Analysis                                                  III-41
        Table 42: Rest of World Recent Past, Current & Future
        Analysis for Assisted Living Technologies Analyzed with
        Annual Revenue Figures in US$ Million for Years 2014 through
        2020 (includes corresponding Graph/Chart)                       III-41

        Table 43: Rest of World Historic Review for Assisted Living
        Technologies Analyzed with Annual Revenue Figures in US$
        Million for Years 2007 through 2013 (includes corresponding
        Graph/Chart)                                                    III-42


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 84 (including Divisions/Subsidiaries - 88)

     The United States (23)
     Canada (1)
     Europe (56)
     - The United Kingdom (36)
     - Italy (3)
     - Rest of Europe (17)
     Asia-Pacific (Excluding Japan) (4)
     Latin America (1)
     Africa (2)
     Middle East (1)
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