Elderly Care Services Market Report 2026

Elderly Care Services Market Overview

• Elderly Care Services market size has reached to $1130.97 billion in 2025 • Expected to grow to $1655.28 billion in 2030 at a compound annual growth rate (CAGR) of 7.9% • 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 Elderly Care Services 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 Elderly Care Services Market Growth Forecast?

The elderly care services market size is expected to see strong growth in the next few years. It will grow to $1655.28 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to community care model adoption, digital care coordination, preventive elderly services, workforce skill development, government funding initiatives. Major trends in the forecast period include rising demand for homecare and community-based services, expansion of adult day care programs, increased focus on personalized elderly care plans, growing integration of telehealth services, enhanced support for chronic disease management.

Global Elderly Care Services Market Segmentation

1) By Service Type: Homecare, Institutional Care, Adult Day Care, Other Services 2) By Service Provider: Public, Private 3) By Application: Diabetes, Alzheimer's, Respiratory Diseases, Neurological Disorders, Heart Diseases, Cancer, Other Applications Subsegments: 1) By Homecare: Personal Care Services, Home Health Care, Companion Services, Respite Care For Family Caregivers, Live-In Care Services, Hospice And Palliative Care At Home, Rehabilitation Services 2) By Institutional Care: Nursing Homes And Skilled Nursing Facilities (Snfs), Assisted Living Facilities, Memory Care Facilities, Continuing Care Retirement Communities (Ccrcs), Long-Term Care Facilities, Rehabilitation Centers 3) By Adult Day Care: Social Adult Day Care Centers, Medical Adult Day Care Centers, Memory Care Day Programs, Specialized Adult Day Programs, Health And Wellness Programs For Seniors, Senior Activity And Recreation Centers 4) By Other Services: Transportation Services For Seniors, Telehealth And Telemedicine Services, Nutritional Meal Services, Home Modification And Accessibility Services, Caregiver Support Services, Financial And Legal Assistance For Elderly, Elderly Mental Health And Counseling Services

What Is The Driver Of The Elderly Care Services 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 Elderly Care Services Market

Major companies operating in the elderly care services market are Korian Group, Nichiigakkan Co. Ltd, BrightStar Care, ComForCare, RIEI Co. Ltd., Benesse Style Care Co. Ltd, NTUC Health Co-Operative Ltd, NMC ProVita International Medical Centre, Home Instead Inc, Econ Healthcare Group, Caring Senior Service, Living Assistance Services Inc., Orange Valley Healthcare, Cascade Living Group, Rosewood Care Group Inc., St Luke’s Elder Care Ltd, FirstLight Home Care, ApnaCare India Pvt, Epoch Elder Care, United Medicare Centre, SASCO Integrated Eldercare Centre, Samvedna Senior Care, Carewell-Service Co. Ltd., Always Best Care

Global Elderly Care Services 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 Elderly Care Services Market?

In April 2023, Health Care at Home India Private Limited, an India-based healthcare services company, acquired Nightingales for an undisclosed amount. With this acquisition, HCAH India aims to strengthen its market presence and expand its range of healthcare and senior care services across India. Nightingales Home Health Services is an India-based healthcare company that specializes in providing senior care, home healthcare, and specialized nursing services.

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 Elderly Care Services 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 Elderly Care Services Market Report 2026?

The elderly care services 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 elderly care services 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.