Artificial Intelligence (AI) in Aging and Elderly Care Market Report 2025

This Artificial Intelligence (AI) in Aging and 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 (AI) in aging and elderly care market size has grown exponentially in recent years. It will grow from $35.22 billion in 2024 to $43.76 billion in 2025 at a compound annual growth rate (CAGR) of 24.25%. The growth observed in the historical period can be attributed to factors such as the increasing elderly population, a rise in the prevalence of chronic diseases, growing demand for independent living solutions, the development of AI-enabled devices, escalating caregiver shortages, and increased investment in AI research and development focused on geriatrics.

The artificial intelligence (AI) in aging and elderly care market size is expected to see exponential growth in the next few years. It will grow to $122.88 billion in 2029 at a compound annual growth rate (CAGR) of 22.54%. Looking ahead, growth in the forecast period is expected to be driven by the increasing integration of smart home systems for elderly care, growing adoption of robotic caregivers, rising demand for personalized healthcare solutions, the expansion of telehealth and remote monitoring applications, and rising investments in AI-driven wellness programs for the elderly. Major trends in the forecast period include advancements in AI-powered assistive technologies, the integration of smart homes with artificial intelligence, progress in robotics, advancements in cloud computing, natural language processing, healthcare technologies, and the development of advanced AI algorithms for predictive health analytics.

The rising elderly population is expected to drive the growth of the artificial intelligence (AI) in aging and elderly care market. The elderly population, typically aged 60 or 65 and older, requires specialized care due to aging-related health issues and lifestyle challenges. This demographic growth is fueled by longer life spans thanks to healthcare advancements and declining birth rates, leading to a larger proportion of elderly individuals in society. For instance, according to a January 2024 report from the Population Reference Bureau, the number of Americans aged 65 and older is expected to increase from 58 million in 2022 to 82 million by 2050, marking a 47% rise. Consequently, the share of this age group in the total U.S. population will grow from 17% to 23% during this period. This demographic shift is expected to accelerate the demand for AI-driven solutions in aging and elderly care.

Leading companies in the artificial intelligence (AI) sector for aging and elderly care are prioritizing the development of cutting-edge technologies, such as AI-powered virtual caregivers, to offer tailored care solutions, improve monitoring capabilities, and enhance the overall quality of life for seniors. An AI virtual caregiver acts as a digital assistant that aids in monitoring health, providing medication reminders, offering companionship, and addressing emergencies, all while helping elderly individuals maintain their independence and well-being. For example, in November 2024, Electronic Caregiver Inc., a medical equipment supplier based in the US, introduced Addison Care+ on the AWS marketplace. This advanced AI-powered virtual caregiver aims to revolutionize senior care by improving health management, engagement, and autonomy for aging adults and individuals with chronic conditions. The system provides round-the-clock activity monitoring, early detection of health issues, and detailed care insights, such as medication management and emergency response. With AI-based telecare integration, Addison Care+ streamlines nationwide deployment and supports caregivers with proactive tools for managing health and optimizing care.

In August 2023, WellSky, a US-based healthcare software development company, acquired Experience Care, further expanding its long-term care capabilities. This strategic acquisition integrates Experience Care's NetSolutions EHR platform into WellSky’s offerings, supporting 850 facilities. The acquisition enhances WellSky’s ability to improve operational efficiency, financial performance, and care quality, strengthening its position as a leading partner in long-term care management. Experience Care specializes in AI-based software solutions designed to optimize care in long-term care settings.

Major players in the artificial intelligence (ai) in aging and elderly care market are Amazon.com Inc., Google LLC, Samsung Electronics Co. Ltd., Microsoft Corporation, Intel Corporation, General Electric Company, International Business Machines Corporation, Oracle Corporation, Medtronic plc, NVIDIA Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., AARP Services Inc., Suki AI Inc., AiCure LLC, Sensi.AI, Orbita Inc., Sensely Inc., CarePredict Inc., Cognivue Corporation, Reemo Health Inc., Canary Health Technologies Inc., Somatix Inc.

North America was the largest region in the artificial intelligence (AI) in aging and elderly care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial intelligence (AI) in aging and 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 (AI) in aging and elderly care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Artificial intelligence (AI) in aging and elderly care involves the use of AI technologies to improve the health, well-being, and quality of life of older individuals. This includes AI-driven solutions such as predictive analytics, machine learning, robotics, and smart devices, which help address the challenges associated with aging. AI supports health monitoring through wearable devices and remote patient systems, collecting and analyzing real-time data to ensure timely interventions.

The main types of AI in aging and elderly care include natural language processing (NLP) systems, robotics and robotic assistance, smart home devices and IoT solutions, machine learning and predictive analytics, and virtual health assistants. NLP systems allow computers to understand and interpret human language, enabling smooth communication between humans and machines. In elderly care, these systems power virtual assistants and chatbots that help seniors with daily activities, provide companionship, and offer essential information. By understanding spoken or written language, NLP systems enhance accessibility and user experience for the elderly. Various technologies, such as wearable devices, smart home systems, mobile apps, cloud computing, and the Internet of Things (IoT), are used to support elderly individuals. Applications include fall detection and prevention, medication management, remote health monitoring, social engagement and companion AI, and cognitive stimulation and brain training. These solutions are employed in home care settings, assisted living facilities, nursing homes, long-term care centers, and hospitals.

The artificial intelligence (AI) in aging and elderly care market research report is one of a series of new reports that provides artificial intelligence (AI) in aging and elderly care market statistics, including the artificial intelligence (AI) in aging and elderly care industry global market size, regional shares, competitors with the artificial intelligence (AI) in aging and elderly care market share, detailed artificial intelligence (AI) in aging and elderly care market segments, market trends, and opportunities, and any further data you may need to thrive in the artificial intelligence (AI) in aging and elderly care industry. This artificial intelligence (AI) in aging and 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 (AI) in aging and elderly care market consists of revenues earned by entities by providing services such as personalized care assistance, health monitoring, smart home integration, smart home integration, and caregiver support. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI) in aging and elderly care market includes sales of hearing aids, mobility aids, vision-enhancing devices, smartwatches, fitness trackers, and robotic caregivers. 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.

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