Artificial Intelligence-Powered Solutions for Elderly Care Market Report 2025

This Artificial Intelligence-Powered Solutions For Elderly Care market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The artificial intelligence-powered solutions for elderly care market size has grown exponentially in recent years. It will grow from $25.64 billion in 2024 to $31.82 billion in 2025 at a compound annual growth rate (CAGR) of 24.14%. The growth observed during the historic period can be attributed to factors such as the increasing aging global population, the rising prevalence of chronic illnesses, a growing shortage of caregivers, the growing demand for remote health monitoring, the higher adoption of smart home systems, and an increased focus on improving seniors' quality of life and independence.

The artificial intelligence-powered solutions for elderly care market size is expected to see exponential growth in the next few years. It will grow to $74.95 billion in 2029 at a compound annual growth rate (CAGR) of 23.88%. In the forecast period, growth is expected to be driven by a larger elderly population, a higher prevalence of chronic diseases, the increasing adoption of smart home and IoT devices, a greater emphasis on independent living solutions, government efforts to enhance eldercare infrastructure, and a rising demand for personalized healthcare services. Key trends in the forecast period include the integration of natural language processing, advancements in fall prevention technology, predictive health monitoring, voice-controlled smart home systems, AI-driven cognitive therapy tools, robotic care assistants, adaptive learning algorithms for personalized care, and improved emergency response technologies.

The increasing prevalence of chronic diseases is expected to propel the demand for artificial intelligence (AI)-driven solutions in elderly care. Chronic conditions such as diabetes and heart disease require ongoing management and affect daily life. These diseases are becoming more common due to aging populations, changes in lifestyle such as less physical activity and poor dietary habits, and urbanization. AI-powered solutions in elderly care assist in managing these conditions by providing real-time health monitoring, predictive analytics for early intervention, and personalized care plans. This improves outcomes and enhances the quality of life for older individuals. For example, in September 2023, the World Health Organization reported that 41 million deaths, or 74% of all deaths globally, were caused by non-communicable diseases (NCDs). These included 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2 million from diabetes. As a result, the growing incidence of chronic diseases is boosting the market for AI solutions in elderly care.

Key players in the AI-powered elderly care market are developing cutting-edge technologies such as AI-driven virtual caregivers to provide customized care, enhance monitoring, and improve the overall quality of life for older adults. An AI virtual caregiver is a digital assistant that monitors health, reminds patients to take medications, provides companionship, and responds to emergencies, supporting elderly individuals in maintaining their independence and well-being. For instance, in November 2024, Electronic Caregiver Inc., a US-based health tech company, launched Addison Care+ on the AWS marketplace. This advanced AI-driven virtual caregiver is designed to transform senior care by improving health management, engagement, and independence for elderly adults and those with chronic illnesses. It offers 24/7 activity monitoring, early detection of health issues, and detailed care insights, including medication management and emergency response. By integrating AI-powered telecare operations, Addison Care+ simplifies nationwide implementation, providing caregivers with proactive tools to manage client health and enhance care delivery.

In August 2023, WellSky, a US-based healthcare software company, acquired Experience Care for an undisclosed amount. With this acquisition, WellSky aims to strengthen its long-term care solutions by incorporating advanced electronic health record (EHR) systems and care management tools to improve patient outcomes and optimize workflows. Experience Care is a US-based healthcare provider that specializes in innovative AI-based software solutions for long-term care.

Major players in the artificial intelligence-powered solutions for elderly care market are Samsung Electronics Co. Ltd., Siemens Healthineers AG, Koninklijke Philips N.V., Cera Care, Elder HQ, Aviva Health, AiCureLLC, GrandCare Systems, K4connect, Sensi AI, Orbita, Blue Frog Robotics, CarePredict, Anvayaa Kin Care, Emoha, Reemo Health, Walk With Path, Intuition Robotics, MiiCare, Care.Coach, MyndYou, ClinOne, PainChek, Somatix Inc., SmartQuare.

North America was the largest region in the artificial intelligence-powered solutions for elderly Care market in 2024. The regions covered in artificial intelligence-powered solutions for elderly Care report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the artificial intelligence-powered solutions for elderly care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Artificial intelligence-powered solutions for elderly care involve the use of advanced AI technologies to meet the specific needs of older individuals, improving their health, safety, and quality of life. These solutions utilize machine learning, computer vision, natural language processing, and other AI capabilities to deliver personalized, efficient, and proactive care. They can be applied in various areas, including healthcare, home assistance, and social engagement.

Key technologies in artificial intelligence-powered solutions for elderly care include machine learning, natural language processing, robotics, computer vision, and other advanced technologies. Machine learning trains algorithms to detect patterns and make decisions based on data. In the context of elderly care, it helps predict health issues by analyzing data from wearable devices and health records, allowing for timely interventions. Common applications include fall detection and prevention, remote monitoring and healthcare, personalized virtual assistants, medication management, social interaction and companionship, among others. These solutions are utilized by various end users, such as home care settings, assisted living facilities, nursing homes, hospitals, clinics, and more.

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

The artificial intelligence-powered solutions for elderly care market consists of revenues earned by entities by providing services such as fall detection and prevention, home automation and safety, mobility assistance, and diet and nutrition management. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence-powered solutions for elderly care market include sales of smartwatches and fitness trackers, motion sensors and smart cameras, and smart wheelchairs and walkers. 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 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 generated by organizations in the defined 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.

This product will be delivered within 3-5 business days.