Market Trends of Ambient Intelligence Industry
Healthcare Segment is Expected to Drive Market Growth
- The healthcare industry has become one of the key drivers of the growth of the ambient intelligence market, as ambient intelligence technology can transform the healthcare sector by improving patient outcomes, reducing costs, and, lastly, enhancing the overall quality of care.
- In countries with a larger population of senior citizens, through Ambient Assisted Living (AAL) technology, ambient intelligence helps older people remotely monitor their health, enabling them to have independent living. Employing this technology will enrich patient experience, physician satisfaction, and quality of care. Thus, the adoption of ambience intelligence solutions is expected to grow in the near future.
- Passive, contactless sensors embedded in the environment can create an ambient intelligence aware of people's movements and adapt to their continuing health needs. This type of ambient intelligence can assist clinicians and in-home caregivers in perfecting the physical motions that comprise modern healthcare's final steps.
- By continuously monitoring patient mobilization, ambient intelligence can help avoid ICU-acquired deficiencies. Healthcare workers might spend less time and experience less mental strain by using sensors and machine learning algorithms to monitor patient’s behavior effortlessly.
- By tracking surgical counts, ambient intelligence technologies can drastically reduce the issues following surgery by preventing things like sponges, needles, and equipment from being inadvertently left within patients. Additionally, these solutions may be able to evaluate surgical skills, which could result in improved training and feedback for working experts.
- The players operating in the market are coming up with technologically extended capabilities for the healthcare sector due to the potential of ambient technology. For instance, in April 2023, 3M Health Information Systems (HIS) partnered with Amazon Web Services (AWS) to accelerate the advancement and innovation of 3M M*Modal ambient intelligence. 3M will use AWS Machine Learning and generative AI services, including Amazon Comprehend Medical, Amazon Transcribe Medical, and Amazon Bedrock, to help expedite, refine, and scale the delivery of its ambient clinical documentation and virtual assistant solutions.
- The continuously increasing healthcare expenditure is also anticipated to fuel the market growth. According to the Centers for Medicare & Medicaid Services (CMS), the U.S. total national health expenditure in 2023 was USD 4,666.3 billion and is expected to reach USD 6,804.2 billion by 2030.
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North America is Expected to Hold the Largest Share
- The North American region is expected to hold a significant share of the market studied, owing to factors such as the large number of key players of ambient intelligence vendors in the country, early adoption of advanced technologies, and considerable digitalization across various sectors in the region.
- The increasing demand for smart buildings in the region drives market growth. Rising emphasis on safety and security and growing concerns about energy efficiency and emission reduction are expected to drive growth in smart building demand, creating a need for advanced ambient-assisted technology and boosting market growth in the region.
- The COVID-19 pandemic has accelerated the awareness of ambient intelligence and ubiquitous computing among end users in the United States. It has started adopting ambient intelligence to improve efficiency in daily tasks, assist the healthcare industry with patient care, and reduce manual efforts using AI.
- As witnessed during pandemic times, a hospital may have a small number of physicians and nurses qualified to perform patient diagnostics and tests. Therefore, if more people are visiting hospitals, they will have to wait for their turn outside a doctor's office while a nurse or doctor examines and tests a patient inside. Hospitals can perform initial testing on patients on their own with the help of ambient intelligence tools. An ambient intelligence sensor uses dynamic vitals monitoring to keep a check on the health status of a patient while they wait.
- In addition, its primary application in smart homes mainly drives the demand for ambient intelligence in this region. For instance, as per a case study, the tiny solar-powered house called North House was built to be net zero to produce at least as much energy as it uses amid the harsh Canadian environment. All included were complex, tailored energy systems, intelligent building envelope technologies that adapt customized lighting and climate control systems, and automated optimization behavior. North House’s control system made use of a number of intelligently functioning, optimized subsystems, most notably solar tracking exterior shades that provided effective heating and cooling.
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