Global Geriatric Care Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, and Vision & Reading Aids.

By End User;

Hospitals, Elderly Nursing Homes, Homecare, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn781015457 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Geriatric Care Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Geriatric Care Devices Market was valued at USD 1,042,742.89 million. The size of this market is expected to increase to USD 1,656,969.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.

The global geriatric care devices market is experiencing robust growth, driven by the increasing aging population worldwide. As life expectancy rises and the number of elderly individuals increases, there is a growing demand for devices that help manage age-related health conditions, enhance mobility, and improve quality of life. Geriatric care devices include a wide range of products such as mobility aids (wheelchairs, walkers, scooters), hearing aids, personal emergency response systems (PERS), monitoring devices, and home healthcare devices. These products are designed to address the specific needs of elderly individuals who may struggle with chronic conditions like arthritis, dementia, or cardiovascular diseases, contributing to the market's expansion.

The market is also being driven by technological advancements in geriatric care devices, such as the integration of smart technology and IoT (Internet of Things) in monitoring devices. Wearable health trackers, connected home systems, and remote patient monitoring tools enable caregivers and healthcare providers to track the health status of elderly individuals in real-time, improving care management. Furthermore, innovations in non-invasive monitoring systems, including blood pressure monitors, glucose monitors, and fall detection systems, are enhancing the quality of care for seniors. These technological advancements not only make daily living easier for older adults but also help prevent complications associated with aging, which is increasing the demand for these devices.

North America dominates the geriatric care devices market due to the high elderly population and advanced healthcare infrastructure. Countries like the United States and Canada have seen a significant rise in the adoption of geriatric care devices, driven by rising awareness, improved healthcare policies, and a well-developed medical device industry. However, the Asia-Pacific region is expected to witness the highest growth rate due to rapid aging in countries like China, Japan, and India, along with increasing healthcare spending and improving access to medical technologies. Europe also holds a significant share of the market, supported by aging populations in countries like Germany, France, and the UK. In contrast, Latin America and the Middle East & Africa are growing markets as well, driven by increased investments in healthcare infrastructure and rising awareness of elderly care needs. As the elderly population continues to rise globally, the geriatric care devices market is poised for further expansion, with new product innovations and better accessibility driving the overall growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Geriatric Care Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing aging population worldwide
        2. Rising prevalence of age-related chronic conditions
        3. Technological advancements in geriatric care devices
        4. Growing demand for home healthcare solutions
      2. Restraints
        1. High cost of advanced geriatric care devices
        2. Limited awareness and accessibility in developing regions
        3. Regulatory challenges in new product approvals
      3. Opportunities
        1. Expansion of healthcare infrastructure in emerging markets
        2. Integration of IoT and smart technologies in geriatric care
        3. Increasing focus on preventive healthcare and early diagnosis
        4. Growing market for wearable health monitoring devices
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Geriatric Care Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Mobility Assistance Aids
      2. Assistive Furniture
      3. Bathroom Safety & Assistive Products
      4. Communication Aids
      5. Vision & Reading Aids
    2. Global Geriatric Care Devices Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Elderly Nursing Homes
      3. Homecare
      4. Others
    3. Global Geriatric Care Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Cardinal Health
      2. Invacare
      3. Kimberly-Clark
      4. SCA
      5. Unicharm
  7. Analyst Views
  8. Future Outlook of the Market