The global geriatric healthcare products market was valued at USD 307.48 Billion in 2025 and is expected to grow at a CAGR of 7.80%, reaching USD 651.64 Billion by 2035. The market growth is driven by the rapidly expanding elderly population and increasing demand for advanced healthcare products across the globe.
Base Year
Historical Period
Forecast Period
In September 2025, strategic funding of USD 20 million accelerated AI-based monitoring systems, enhancing elderly care and transforming the remote patient monitoring landscape in senior healthcare.
In March 2025, FDA clearance of the ReWalk 7 exoskeleton marked a breakthrough in wearable mobility aids, advancing rehabilitation technology for seniors seeking improved movement and independence.
In April 2025, the launch of AI-powered virtual companions helped reduce loneliness and improve medication adherence, highlighting the growing role of digital health solutions in eldercare support.
Compound Annual Growth Rate
7.8%
Value in USD Billion
2026-2035
*this image is indicative*
The market is rapidly growing due to the rising elderly population worldwide. As people live longer, the demand for products like mobility aids, monitoring devices, and assistive furniture is increasing to support independent living and manage chronic conditions. Innovations such as AI-powered companions and smart mobility solutions are shaping the industry’s future. North America leads the market, driven by advanced healthcare infrastructure and investments in eldercare technologies. This growth highlights the importance of geriatric healthcare products in improving seniors’ quality of life while addressing their unique health needs.
Rising Elderly Population Fueling Market Demand
The rapidly expanding elderly population is expected to be a major growth driver in the market, significantly influencing demand trends and product innovation. For instance, as per the World Health Organization (WHO), the number of people aged 60 and above is projected to rise to 1.4 billion by 2030 from 1.1 billion in October 2023. This demographic shift is creating sustained pressure on healthcare systems to adapt and evolve. As a result, the demand for essential senior care products continues to grow, which are crucial for enhancing quality of life, managing chronic conditions, and supporting independent living among aging individuals.
Strategic Fundings Propelling the Geriatric Healthcare Products Market Value
The growing integration of advanced technologies like artificial intelligence is expected to be a strong growth driver in the market, accelerating both efficiency and accessibility in elderly care. In September 2025, Teton.ai, a healthcare AI company raised USD 20 million in funding to expand its intelligent monitoring solutions that support caregivers in managing elderly patients more effectively. Such strategic investments reflect the market’s confidence in tech-driven elder care. These innovations are also enhancing aging-in-place technology, enabling seniors to live independently while receiving timely, personalized care within the comfort of their homes.
The market is witnessing several emerging trends, including AI-enabled eldercare companions and advanced mobility device innovations.
Rising Regulatory-Backed Device Innovation in the Geriatric Healthcare Products Market
A growing focus on advanced mobility solutions is amongst the new trends in the market. For instance, in March 2025, the FDA granted clearance for the ReWalk 7 exoskeleton for rehabilitation use, ushering in a new trend of wearable robotic devices. This move signals growing regulatory confidence in advanced mobility aids. The introduction of FDA-cleared personal exoskeletons is pushing the market toward integrating assistive mobility solutions that combine rehabilitation and independence. As more such devices become available and accepted, the geriatric healthcare space is shifting toward smarter, clinically validated supports that empower older adults to maintain movement, dignity, and quality of life.
Growing Adoption of AI-Enabled Companions in the Geriatric Healthcare Products Market
In April 2025, a pilot program launched across New York introduced an innovative AI-powered virtual companion named Joy, designed to support elderly residents. Developed by ONSCREEN, Inc., this system transforms ordinary TVs into interactive hubs, offering features like medication reminders, daily check-ins, and cognitive exercises. The program aims to alleviate caregiver stress and combat loneliness among seniors, a condition linked to serious health issues like high blood pressure, dementia, and depression. Such advancements in AI-powered elderly care are shaping the future of geriatric healthcare products, emphasizing the integration of technology to enhance the well-being of older adults.
Chronic Disease Management to Lead the Segmentation by Application
Chronic disease management is expected to lead the segment due to the rising prevalence of age-related illnesses such as diabetes, heart disease, and arthritis. For instance, in 2023, approximately 6 in 10 young adults, 8 in 10 midlife adults, and 9 in 10 older adults reported at least one chronic condition. This widespread occurrence underscores the growing demand for solutions that help manage long-term conditions effectively. The increasing focus on personalized care and remote health monitoring further supports this trend, boosting market expansion. Other important segments include physical rehabilitation, assistive care, diagnostic and monitoring, and mobility support, all contributing to the overall market growth.
North America is expected to lead the market due to its large aging population and well-developed healthcare infrastructure. The region’s strong focus on innovation and access to advanced medical technologies supports continuous market growth. Recently, investments in smart eldercare devices and home health monitoring systems have further boosted the sector. Europe ranks second, driven by increasing awareness and healthcare initiatives targeting senior care. Together, these regions are shaping the future of geriatric healthcare with expanding product offerings and improved patient support systems.
The key features of the market report comprise patent analysis, funding and investment analysis and strategic initiatives by the leading players. The major companies in the market are as follows:
Founded in 1885 and based in Elyria, Ohio, Invacare Corporation is a prominent manufacturer of medical equipment that enhances mobility and independence for people with health challenges. The company focuses on products like wheelchairs, scooters, and respiratory devices, which are vital in geriatric care. Invacare’s solutions help elderly individuals maintain comfort and autonomy, making it a significant contributor to the global geriatric healthcare products market. With ongoing product innovation, Invacare addresses the evolving needs of aging populations worldwide. Their strong distribution network ensures accessibility of these essential products to caregivers and seniors alike.
Established in 1941 and headquartered in Kalamazoo, Michigan, Stryker Corporation is a leader in medical technology, offering orthopedic implants, surgical tools, and patient handling equipment. Their advanced mobility and rehabilitation products play a crucial role in improving recovery and mobility for older adults. Stryker’s commitment to innovation and quality strengthens its position in the growing geriatric healthcare products industry. The company also invests heavily in research to develop solutions that reduce hospital stays and improve patient outcomes. Their expanding portfolio reflects a focus on delivering value to both healthcare providers and aging patients.
Founded in 1902 and headquartered in Maplewood, Minnesota, 3M Company is a diversified technology leader with a strong presence in healthcare. Their wide-ranging portfolio includes wound care, infection prevention, and respiratory care products essential for managing health conditions common in older adults. Through continuous research and development, 3M delivers effective healthcare solutions tailored to the needs of the elderly, supporting its key role in the geriatric healthcare market. The company also prioritizes sustainable product design, aligning with global health and environmental goals. Their collaboration with healthcare professionals ensures that innovations meet real-world patient needs.
Abbott was founded in 1888 and is headquartered in Abbott Park, Illinois. The company is globally recognized for its diagnostics, medical devices, and nutritional products. Abbott’s focus on chronic disease management and nutritional support significantly impacts geriatric care by helping seniors manage age-related health issues. Its innovative products improve quality of life for elderly patients, positioning Abbott as a vital player in the geriatric healthcare products market. Abbott continues to expand its portfolio with cutting-edge diagnostics that enable early disease detection. Their global reach supports better healthcare access for aging populations in both developed and emerging markets.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include B Braun Melsungen AG, Koninklijke Philips N.V., GE Healthcare, Cook Medical, Thermo Fisher Scientific Inc., and Cardinal Health.
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Application
Market Breakup by Technology
Market Breakup by End User
Market Breakup by Distribution Channel
Market Breakup by Region
Upto 15% Off
USD
$3299 $2969
$5499 $4949
$6999 $5949
$8199 $6969
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Technology |
|
| Breakup by End User |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 3,299
USD 2,969
tax inclusive*
Single User License
One User
USD 5,499
USD 4,949
tax inclusive*
Five User License
Five User
USD 6,999
USD 5,949
tax inclusive*
Corporate License
Unlimited Users
USD 8,199
USD 6,969
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share