Elderly Care Services Market Report 2026

The elderly care services market size has grown strongly in recent years. It will grow from $1.13 trillion in 2025 to $1.22 trillion in 2026 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to elderly population growth, family caregiver limitations, chronic disease prevalence, institutional care expansion, social welfare programs.

The elderly care services market size is expected to see strong growth in the next few years. It will grow to $1.65 trillion 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.

The increasing demand for assistive living technologies is expected to drive the growth of the elder care services and assistive devices market in the coming years. Assistive living technologies are tools and systems designed to help individuals with disabilities or age-related challenges manage daily activities and improve overall well-being, promoting greater independence through enhanced mobility, communication, and task management. The growing need for these technologies is fueled by factors such as an aging population, rising prevalence of chronic conditions, seniors’ desire for increased independence, and technological advancements that improve functionality and affordability. In elderly care, assistive living technologies support independence, enhance safety, facilitate communication, monitor health, and assist with daily activities. For instance, in January 2024, according to the World Health Organization (WHO), over 2.5 billion people globally currently require assistive products, and with the aging population and rising prevalence of noncommunicable diseases, this number is expected to reach approximately 3.5 billion by 2050. Therefore, the growing need for assistive living technologies is fueling the market for elder care services and assistive devices.

Companies in the elder care services and assistive devices market are developing advanced solutions such as artificial intelligence (AI)-based cognitive care to improve care quality, enhance patient outcomes, and provide personalized support for seniors. AI-based cognitive care uses artificial intelligence to monitor cognitive health, deliver personalized assistance, offer companionship, manage health needs, and ensure safety. For example, in June 2023, IIT Madras inaugurated the National Center for Assistive Health Technologies (NCAHT-IITM) to advance research and development in assistive technologies for individuals with disabilities and the elderly. The center seeks to foster collaboration among users, developers, and policymakers to create innovative solutions. The event featured key speakers including Dr. Rajiv Bahl from ICMR, highlighting the center’s role in transforming lives through technology and collaboration. Additionally, new self-training modules for wheelchair users were introduced to promote independence. Therefore, the elder care services and assistive devices market is poised for strong growth, driven by the aging population and increasing demand for solutions that enhance quality of life.

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

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.

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

Tariffs are impacting the elderly care services market by increasing costs of imported medical equipment, telehealth devices, and care supplies. Service providers in developed regions are most affected due to reliance on imported products. These tariffs raise operational costs by increasing spending on care delivery tools and digital health integration, affecting profitability and service expansion. However, they support domestic production of care equipment, fostering localized manufacturing and improving long-term supply resilience in elderly care services.

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

Elder care services and assistive devices encompass a variety of support systems and equipment intended to help elderly individuals with daily activities and healthcare needs. The main objective of these services and devices is to allow older adults to live independently and comfortably while ensuring their health requirements are met through ongoing monitoring and support.

The primary offerings in the elder care services and assistive devices market include services, assistive devices, living aids, assistive furniture, bathroom safety equipment, and others. Services refer to a range of care and support options aimed at helping elderly individuals manage daily tasks and health needs. Funding for these offerings is provided by both private and public sources. The main end users include hospitals, home care settings, nursing homes, rehabilitation centers, and other care facilities.

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.

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.

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