Europe’s assisted-living medtechs market set to soar past $525m by 2015
This article was originally published in Clinica
Executive Summary
The European market for assisted living technologies is poised to grow significantly over the coming years, according to analysts at Frost & Sullivan. Having generated revenues of $155m in 2009, the segment, which comprises devices for patient monitoring (including blood pressure and pulse oximetry monitors) and telemetry, is expected to exceed $525m by 2015. The main reason for this growth will be the ageing population and the associated increase in healthcare demand. Concern at the implications of this trend has also raised government awareness of the benefits of increasing access to homecare technologies, according to the report European Markets for Assisted Living Technologies, published today.