Elder Care Services And Assistive Devices Market Report 2026

Elder Care Services And Assistive Devices Market Overview

• Elder Care Services And Assistive Devices market size has reached to $898.41 billion in 2025 • Expected to grow to $1237.58 billion in 2030 at a compound annual growth rate (CAGR) of 6.6% • Growth Driver: Impact of Assistive Living Technologies on the Growth of Elder Care Services and Assistive Devices Market • Market Trend: Technological Advancements in Elder Care • North America was the largest region in 2025.

What Is Covered Under Elder Care Services And Assistive Devices Market?

Elder care services and assistive devices refer to a variety of support systems and equipment designed to assist elderly individuals with their daily activities and health needs. The primary goal of these services and devices is to enable older adults to live independently and comfortably, while ensuring their health needs are met through continuous monitoring and assistance. The main offerings in the elder care services and assistive devices market are services, assisted devices, living aids, assistive furniture, bathroom safety equipment, and others. Services in the elder care services and assistive devices refer to a range of support and care options designed to assist elderly individuals in managing daily activities and health needs. Funding for these offerings comes from both private and public sources. The primary end users include hospitals, home care settings, nursing homes, rehabilitation centers, and others.

What Is The Elder Care Services And Assistive Devices Market Growth Forecast?

The elder care services and assistive devices market size is expected to see strong growth in the next few years. It will grow to $1237.58 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to smart home eldercare solutions, wearable monitoring adoption, ai-enabled caregiving tools, preventive geriatric care, government aging programs. Major trends in the forecast period include rising adoption of home-based elder care solutions, increasing use of smart assistive devices, growing demand for mobility and safety aids, expansion of remote health monitoring for seniors, integration of personalized care services.

Global Elder Care Services And Assistive Devices Market Segmentation

1) By Offering: Services, Assisted Devices, Living Aids, Assistive Furniture, Bathroom Safety Equipment, Other Offerings 2) By Funding: Private, Public 3) By End User: Hospitals, Homecare Settings, Nursing Homes, Rehabilitation Centers, Other End Users Subsegments: 1) By Services: Home Health Care Services, Nursing And Palliative Care Services, Senior Companion Services, Rehabilitation Services, Telehealth And Remote Monitoring Services, Personal Care Assistance 2) By Assisted Devices: Mobility Aids, Hearing Aids, Vision Aids, Orthotic Devices, Monitoring Devices 3) By Living Aids: Adaptive Kitchen Tools, Medication Management Devices, Eating And Drinking Aids, Memory Aids And Cognitive Assistive Devices, Communication Aids 4) By Assistive Furniture: Adjustable Beds, Reclining Chairs And Lift Chairs, Ergonomic Chairs And Desks, Ramps And Raised Seating, Specialized Tables And Overbed Stands 5) By Bathroom Safety Equipment: Grab Bars, Shower Chairs And Stools, Raised Toilet Seats, Bath Lifts, Non-Slip Mats And Flooring 6) By Other Offerings: Environmental Control Systems, Cognitive Therapy Tools, Mobility Platforms, Smart Wearables For Health Monitoring

What Is The Driver Of The Elder Care Services And Assistive Devices Market?

The rise in need for assistive living technologies is expected to propel the growth of the elder care services and assistive devices market going forward. Assistive living technologies are tools and systems that help people with disabilities or age-related difficulties manage daily activities and improve their overall well-being, fostering greater independence through enhanced mobility, communication, and task management. The rise in the need for assistive living technologies is driven by factors such as an aging population, the increasing prevalence of chronic conditions, the desire for greater independence among seniors, and advancements in technology that enhance functionality and affordability. Assistive living technologies in elderly care services enhance independence, improve safety, facilitate communication, monitor health, and support daily living activities. For instance, in January 2024, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization for international public health, over 2.5 billion people globally currently need assistive products, and with the aging population and increasing prevalence of noncommunicable diseases, this figure is expected to rise to around 3.5 billion by 2050. Therefore, the rise in need for assistive living technologies is driving the market for elder care services and assistive devices.

Key Players In The Global Elder Care Services And Assistive Devices Market

Major companies operating in the elder care services and assistive devices market are Koninklijke Philips N.V., Stryker Corporation, Sonova Holding AG, Sunrise Senior Living, Life Care Centers of America Inc., Brookdale Senior Living Inc., GN Store Nord A/S, Amedisys Inc., LHC Group Inc., Atria Senior Living Inc., Cochlear Limited, Extendicare Inc., Invacare Corporation, Oticon A/S, Genesis HealthCare Co., Sunrise Medical Inc., Permobil AB, Pride Mobility Products Corporation, Five Star Senior Living, Tobii Dynavox AB, Inclusive Technology Ltd., Living Assistance Services Inc., Jabbla, Blue Chip Medical Products Inc.

Global Elder Care Services And Assistive Devices Market Trends and Insights

Major companies operating in the elder care services and assistive devices market are developing intelligent care services such as artificial intelligence (AI)-based cognitive care to enhance the quality of care, improve patient outcomes, and provide personalized support for the elderly. AI-based cognitive care for the elderly utilizes artificial intelligence to monitor cognitive health, provide personalized assistance, offer companionship, manage health needs, and ensure safety. For instance, in June 2023, IIT Madras inaugurated the National Center for Assistive Health Technologies (NCAHT-IITM) to enhance research and development in assistive technologies for individuals with disabilities and the elderly. The center aims to facilitate interactions among users, developers, and policymakers to create innovative solutions. The event featured key speakers including Dr. Rajiv Bahl from ICMR, emphasizing the center's role in transforming lives through technology and collaboration. Additionally, new self-training modules for wheelchair users were launched to promote independence. Therefore, the elder care services and assistive devices market is poised for significant growth, driven by the increasing aging population and rising demand for enhanced quality of life solutions.

What Are Latest Mergers And Acquisitions In The Elder Care Services And Assistive Devices Market?

In December 2024, Addus HomeCare Corporation, a US-based home-care services company, acquired Gentiva Health Services Inc.’s personal-care operations for undisclosed amount. With this acquisition, Addus expanded its market reach into seven additional states and strengthened its scale in the U.S. elder-care services market. Gentiva Health Services Inc. a US-based provider of hospice, palliative and personal care services, specialised in home-based personal-care services for elderly, chronically ill and disabled consumers across multiple states.

Regional Outlook

North America was the largest region in the elder care services and assistive devices market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Elder Care Services And Assistive Devices Market?

The elder care services and assistive devices market consists of revenues earned by entities by providing services such as in-home personal care, medical and nursing services, physical and occupational therapy, meal preparation, transportation assistance, and the provision of mobility aids. The market value includes the value of related goods sold by the service provider or included within the service offering. The elder care services and assistive devices market also includes sales of mobility aids, wheelchairs, walkers, hearing aids, visual aids, medical alert systems, adaptive clothing, and home modifications. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Elder Care Services And Assistive Devices Market Report 2026?

The elder care services and assistive devices market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the elder care services and assistive devices industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.