Elderly Care Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids), By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others), By Region and Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 37.76 Billion
CAGR (2026-2031)	8.62%
Fastest Growing Segment	Mobility Assistance Aids
Largest Market	North America
Market Size (2031)	USD 62.01 Billion

Market Overview

The Global Elderly Care Devices Market will grow from USD 37.76 Billion in 2025 to USD 62.01 Billion by 2031 at a 8.62% CAGR. Elderly care devices are specialized assistive technologies and medical monitoring tools designed to support the geriatric population in maintaining independence, managing chronic conditions, and ensuring safety within home or institutional environments. The primary drivers fueling market expansion include the rapidly aging global population and a growing preference for aging in place, which necessitates reliable health tracking and emergency response systems to mitigate risks. This increasing reliance on supportive technology is reflected in adoption trends; for instance, according to the Consumer Technology Association, in 2025, 80% of older adults in the United States owned at least one technology product designed to facilitate aging at home.

However, a significant challenge impeding broader market expansion is the high cost associated with these advanced care solutions. High acquisition prices, often coupled with inadequate reimbursement frameworks in many regions, restrict accessibility for price-sensitive consumers and limit market penetration in lower-income demographics. Consequently, despite the clear demand for safety and monitoring, the financial burden remains a critical barrier preventing these essential devices from reaching a wider global audience.

Key Market Drivers

The rapid expansion of the global geriatric population serves as the fundamental catalyst for the elderly care devices market, necessitating scalable solutions to manage age-related health decline. As life expectancy increases, a larger proportion of society requires continuous health monitoring and assistive tools to maintain independence. This demographic shift is quantifiable; according to the United Nations Population Fund, June 2024, the worldwide share of people aged 65 increased from 5.5 percent in 1974 to 10.3 percent in 2024. This surging demographic is directly correlated with a higher incidence of long-term health issues that require device-based management. For instance, according to the National Council on Aging, in 2024, more than 85% of adults aged 65 and older lived with at least one chronic condition, underscoring the critical reliance on medical monitoring devices for daily disease management.

Simultaneously, the integration of AI, IoT, and robotics into assistive technologies is revolutionizing the functionality and adoption of care devices. Advanced sensor networks and machine learning algorithms now allow for real-time analysis of patient data, transforming passive monitoring into proactive health management. This technological evolution is rapidly attracting investment from service providers aiming to improve operational efficiency and patient outcomes. According to Home Health Care News, December 2024, 58% of home-based care providers have either already invested in artificial intelligence or plan to do so within the next year to address staffing challenges and enhance care delivery. These innovations not only reduce the burden on human caregivers but also facilitate aging-in-place by ensuring immediate responses to emergencies such as falls or sudden vitals fluctuations.

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Key Market Challenges

The high cost associated with advanced care solutions constitutes a severe impediment to the expansion of the Global Elderly Care Devices Market. Many essential assistive technologies, such as continuous health monitoring systems and smart mobility aids, command high acquisition prices that place them financially out of reach for a significant portion of the geriatric population. This affordability gap is further widened by inadequate reimbursement frameworks in many regions, where insurance policies often exclude coverage for preventative or supportive home-care technology. As a result, families are frequently forced to bear these expenses out-of-pocket, restricting the market’s reach primarily to affluent demographics and leaving price-sensitive consumers without access to vital safety tools.

This economic barrier directly reduces market penetration and slows the adoption of innovative solutions. The financial strain effectively alienates a vast segment of the addressable market that requires these devices for safety but cannot justify the expense. For instance, according to AARP, in 2025, 60% of adults aged 50 and older cited cost as a significant barrier to purchasing age-related technology products. This statistic highlights how pricing sensitivity acts as a direct brake on demand. When a majority of the target audience is deterred by financial constraints, manufacturers face reduced sales volumes, which in turn prevents the industry from achieving the economies of scale necessary to lower prices, thereby creating a cycle that hampers broader market growth.

Key Market Trends

The convergence of telehealth and remote patient monitoring is fundamentally reshaping care delivery by enabling the "Hospital-at-Home" model, which allows acute care to be administered in a patient's residence. This trend extends beyond simple tracking to full clinical integration, driven by the need to alleviate hospital capacity strains and improve patient comfort. The scalability of this approach is evident in its rapid institutional uptake; according to the American Hospital Association, July 2025, 400 hospitals across 142 systems were approved to provide hospital-at-home services. This integration allows for earlier discharge and reduced readmissions, positioning home-based monitoring not just as a safety net, but as a primary site of clinical care.

Simultaneously, there is a decisive shift toward consumer-centric and non-stigmatizing design, where users increasingly reject conspicuous medical aids in favor of discreet, multi-functional consumer technologies. Manufacturers are responding by embedding health-tracking capabilities into standard consumer electronics, thereby reducing the stigma associated with aging and increasing compliance among active seniors. This preference for mainstream aesthetics over purely clinical form factors is driving significant adoption; according to AARP, December 2024, in the '2025 Tech Trends and Adults 50-Plus' report, ownership of wearable devices among adults over 50 reached 38 percent, illustrating a strong market pivot toward devices that blend health utility with lifestyle appeal.

Segmental Insights

The Mobility Assistance Aids segment currently demonstrates the most rapid expansion within the Global Elderly Care Devices Market, driven primarily by the escalating prevalence of locomotive disabilities among the aging population. This growth is significantly supported by a global shift toward independent living, which necessitates reliable equipment such as wheelchairs and patient lifts to ensure daily safety. Additionally, favorable reimbursement frameworks from organizations like the Centers for Medicare and Medicaid Services in the United States reduce financial barriers for patients and stimulate demand. Consequently, manufacturers are increasingly prioritizing automated mobility solutions to address these evolving home care requirements effectively.

Regional Insights

North America maintains a leading position in the global elderly care devices market due to its well-established healthcare infrastructure and substantial national health expenditure. This dominance is reinforced by the widespread availability of reimbursement coverage provided by the Centers for Medicare & Medicaid Services, which increases the affordability of essential care equipment. Furthermore, the presence of key industry players and supportive regulatory frameworks established by the U.S. Food and Drug Administration facilitate consistent product development and adoption among the expanding geriatric population.

Recent Developments

• In February 2025, Nobi secured $37 million in Series B funding to advance its AI-powered smart lamp technology tailored for fall detection. The investment round was co-led by Angelini Ventures and Nexus NeuroTech Ventures, with support from existing strategic partners. Nobi intended to use the capital to strengthen its market leadership in the United Kingdom and the United States and to enhance its platform with new features for care home workflows. The company's smart lamps employ optical sensors and artificial intelligence to detect falls in real-time, aiming to improve safety and response times for elderly individuals in residential and professional care settings.
• In November 2024, eevi entered a strategic partnership with Vayyar Care to integrate advanced fall detection technology into the eevi Care platform. This collaboration utilized Vayyar’s 4D imaging sensor technology, which operates without cameras to preserve user privacy while effectively monitoring for falls in challenging environments like bathrooms. The integration enabled immediate responses from caregivers when a resident fell and provided rich behavioral insights to support proactive care strategies. This joint solution addressed the critical need for non-intrusive safety monitoring in the Australian aged care sector, enhancing the well-being of residents.
• In September 2024, Essence SmartCare partnered with Skyresponse to integrate its Care@Home solution with Skyresponse’s cloud-based alarm management platform. This collaboration was established to expand access to advanced telecare services for over two million seniors across the United Kingdom, Switzerland, the Nordic countries, and the DACH region. By combining Essence’s IoT remote care devices with Skyresponse’s digital alarm processing, the companies aimed to improve reliability and ensure timely alerts for caregivers. The integration facilitated a fully connected care experience, supporting seniors in aging independently at home with greater peace of mind.
• In February 2024, Medical Guardian collaborated with KORE to launch the MGMini, a new medical alert device powered by eSIM technology. This compact device was designed to facilitate active aging by ensuring reliable, continuous connectivity for seniors through electronic switching between network carriers. The MGMini featured two-way communication capabilities, allowing users to connect instantly with emergency operators or caregivers. This partnership addressed common cellular signal challenges and aimed to provide uninterrupted emergency response coverage, thereby enhancing the safety and independence of aging adults who wish to live confidently in their own homes.

Key Market Players

• Sonova Holding AG
• William Demant Holding A/S
• GN Resound Group
• Koninklijke Philips N.V.
• Medtronic Plc.
• OttoBock Healthcare GmbH
• Investor AB
• Stryker Corporation
• Invacare Corporation
• Arjo
• Medical Depot, Inc.
• Prism Medical UK
• Etac AB
• Handicare Group AB
• Bischoff & Bischoff GmbH

By Product	By End User	By Region
Mobility Assistance Aids Assistive Furniture Bathroom Safety & Assistive Products Communication Aids	Hospitals Elderly Nursing Homes Assistive Living Facilities Homecare Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Elderly Care Devices Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Elderly Care Devices Market, By Product:

• Mobility Assistance Aids
• Assistive Furniture
• Bathroom Safety & Assistive Products
• Communication Aids

• Elderly Care Devices Market, By End User:

• Hospitals
• Elderly Nursing Homes
• Assistive Living Facilities
• Homecare
• Others

• Elderly Care Devices Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE