Elder Care Services and Assistive Devices Market Report 2026

The elder care services and assistive devices market size has grown strongly in recent years. It will grow from $898.41 billion in 2025 to $958.96 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to aging population growth, caregiver shortages, chronic disease burden, independent living preference, long-term care costs.

The elder care services and assistive devices market size is expected to see strong growth in the next few years. It will grow to $1.23 trillion 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.

The growing 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 encompass tools and systems that help individuals with age-related challenges or disabilities manage daily activities and improve overall well-being, promoting independence through enhanced mobility, communication, and task management. The demand for these technologies is fueled by factors such as an aging population, rising prevalence of chronic conditions, seniors’ desire for greater independence, and technological advancements that improve functionality and affordability. In elder care, assistive living technologies support independence, enhance safety, facilitate communication, monitor health, and assist with daily living 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 projected to reach approximately 3.5 billion by 2050. Therefore, the increasing need for assistive living technologies is driving the elder care services and assistive devices market.

Companies in the elder care services and assistive devices market are focusing on developing intelligent care solutions such as AI-based cognitive care to improve care quality, enhance patient outcomes, and provide personalized support for the elderly. AI-based cognitive care uses artificial intelligence to monitor cognitive health, offer personalized assistance, provide companionship, manage health needs, and ensure safety. For example, in June 2023, IIT Madras launched the National Center for Assistive Health Technologies (NCAHT-IITM) to advance research and development in assistive technologies for people with disabilities and older adults. The center promotes collaboration among users, developers, and policymakers to create innovative solutions. The event highlighted self-training modules for wheelchair users to foster independence. Thus, the elder care services and assistive devices market is positioned for substantial growth, driven by the aging population and increasing demand for improved quality-of-life solutions.

In December 2024, Addus HomeCare Corporation, a US-based home-care services provider, acquired the personal-care operations of Gentiva Health Services Inc. for an undisclosed amount. This acquisition allowed Addus to expand into seven additional states and strengthen its presence in the U.S. elder-care market. Gentiva Health Services Inc., a US-based provider of hospice, palliative, and personal care services, specialized in home-based personal care for elderly, chronically ill, and disabled individuals across multiple states.

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.

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

Tariffs are impacting the elder care services and assistive devices market by increasing costs of imported monitoring devices, mobility aids, and smart sensors. Homecare providers and nursing homes are most affected due to reliance on imported equipment. These tariffs raise care costs by increasing procurement expenses for assistive and safety technologies, impacting affordability of long-term elder care services. However, they promote local manufacturing of assistive technologies, supporting regional production of mobility aids and monitoring solutions.

The elder care services and assistive devices market research report is one of a series of new reports that provides elder care services and assistive devices market statistics, including elder care services and assistive devices industry global market size, regional shares, competitors with a elder care services and assistive devices market share, detailed elder care services and assistive devices market segments, market trends and opportunities, and any further data you may need to thrive in the elder care services and assistive devices industry. This elder care services and assistive devices 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 range of support systems and equipment designed to help elderly individuals with daily activities and health requirements. These services and devices aim to promote independent and comfortable living while addressing health needs through ongoing monitoring and assistance.

The main offerings in the elder care services and assistive devices sector include services, assistive devices, living aids, assistive furniture, bathroom safety equipment, and others. Services refer to various care and support options that help elderly individuals manage daily tasks 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 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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