South Africa Ambient Assisted Living Market Size & Outlook
South Africa ambient assisted living market, 2017-2030 (US$M)
Related Markets
South Africa ambient assisted living market highlights
- The South Africa ambient assisted living market generated a revenue of USD 78.0 million in 2023 and is expected to reach USD 332.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 23% from 2024 to 2030.
- In terms of segment, safety and security was the largest revenue generating product in 2023.
- Telemonitoring is the most lucrative product segment registering the fastest growth during the forecast period.
Ambient assisted living market data book summary
| Market revenue in 2023 | USD 78.0 million |
| Market revenue in 2030 | USD 332.9 million |
| Growth rate | 23% (CAGR from 2023 to 2030) |
| Largest segment | Safety and security |
| Fastest growing segment | Telemonitoring |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical Assistance Products, Safety and Security, Telemonitoring, Mobility, Communication Devices, Compensatory Impairments, Other Products |
| Key market players worldwide | 2PCS Solutions, Assisted Living Technologies, Alcove, Televic, Bay Alarm Medical, ADT Inc, Legrand SA, EnOcean Alliance |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.1% of the global ambient assisted living market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ambient assisted living market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 332.9 million by 2030.
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Ambient Assisted Living Market Scope
Ambient Assisted Living Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa ambient assisted living market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ambient assisted living market will help companies and investors design strategic landscapes.
Safety and security was the largest segment with a revenue share of 26.15% in 2023. Horizon Databook has segmented the South Africa ambient assisted living market based on medical assistance products, safety and security, telemonitoring, mobility, communication devices, compensatory impairments, other products covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of ambient assisted living market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ambient assisted living market, including forecasts for subscribers. This country databook contains high-level insights into South Africa ambient assisted living market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ambient assisted living market report size, by product, 2017-2030 (US$M)
South Africa Ambient Assisted Living Market Share, 2023 & 2030 (US$M)
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