Elder care services and assistive devices encompass a range of professional services and supportive technologies designed to assist older adults in maintaining health, independence, and quality of life. The primary purpose of elder care services and assistive devices is to support aging individuals in performing daily activities safely and independently while addressing medical, emotional, and social needs.
The elder care services and assistive devices market consists of sales by entities (organizations, sole traders, and partnerships) of services and products designed to support the health, independence, and overall well-being of the aging population. This market includes a wide range of care services such as in-home care, adult day care, assisted living, nursing care, and palliative care, aimed at addressing the physical, medical, and emotional needs of elderly individuals. These services are delivered through various settings including private homes, community centers, and specialized care facilities, often supported by trained caregivers, healthcare professionals, and digital care platforms.
The global elder care services and assistive devices market was valued at $659,685.2 million in 2020 which grew till 2025 at a compound annual growth rate (CAGR) of more than 6.00%.
Increasing Prevalence Of Chronic Diseases
During the historic period, the elder care services and assistive devices market was driven by the increasing prevalence of chronic diseases. As chronic health conditions such as cardiovascular disease, cancer, diabetes and chronic respiratory disorders became more widespread globally-particularly among ageing populations-the demand for long term care, support services and assistive technologies rose sharply, fuelling market growth. For instance, in April 2025, according to the Centers for Disease Control and Prevention, a USA-based government agency, in 2023, approximately 76.4% of U.S. adults (~194 million) had at least one chronic condition, with 51.4% (~131 million) experiencing multiple (>=2) chronic conditions. Therefore, the elder care services and assistive devices market was driven by the increasing prevalence of chronic diseases during the historic period.
Internet of Things (IoT), Smart Infrastructure And Connected Ecosystems
Major companies in the elder care services and assistive devices market are increasingly prioritising IoT- and wireless-enabled monitoring systems to enhance remote caregiving, emergency response and independent living for older adults. These initiatives combine low-power sensors, cloud connectivity and real-time alerts to ensure timely assistance while minimising maintenance and energy requirements. For example, in January 2025, Semtech Corporation, a U.S.-based semiconductor and IoT solutions provider, partnered with iWOW Technology Ltd, a Singapore-based IoT service provider, to deploy a LoRaWAN-based wireless emergency alert system in 10,000 public housing flats for seniors. The system uses wall-mounted, battery-powered emergency buttons that connect to a 24-hour response centre and notify next of kin, enabling round-the-clock monitoring, supporting emergency care for over 800 seniors and extending the programme to an additional 27,000 residents under Singapore's Age Well SG initiative.
The global elder care services and assistive devices market is highly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 1.143% of the total market in 2024.
Elder Care Services And Assistive Devices Global Market Opportunities And Strategies To 2035 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global elder care services and assistive devices market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Where is the largest and fastest-growing market for elder care services and assistive devices? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The elder care services and assistive devices market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider elder care services and assistive devices market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segments, key products, supply chain and market attractiveness scoring and analysis.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future technologies and developments in the market.
- Growth Analysis And Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth: - Global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis: - Historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison by region and country.
- Market Segmentation: - Contains the market values (2020-2025) (2025-2030, 2035F) and analysis for each segment by component of process control system, by scale of operation, mode of operation and by compatibility with bioprocessing systems in the market. Historic (2020-2025) and forecast (2025-2030) and (2030-2035) market values and growth and market share comparison by region market.
- Regional Market Size And Growth: - Regional market size (2025), historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape: - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Other Major And Innovative Companies: - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking: - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard: - Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions: - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments: - Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section includes recommendations for elder care services and assistive devices providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Offering: Services; Assistive Devices
- 2) By Funding: Private; Public
- 3) By End-User Industry: Hospitals; Homecare Settings; Nursing Homes; Rehabilitation Centers; Other End Users
- Companies Mentioned: Brookdale Senior Living Inc; Home Instead, Inc; Atria Senior Living Inc; LHC Group Inc; Koninklijke Philips N.V.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Taiwan; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; elder care services and assistive devices indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.