Elderly Monitors Market Report 2025

This 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 historic and forecast market growth by geography.

The elderly monitors market size has grown rapidly in recent years. It will grow from $3.78 billion in 2024 to $4.2 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growing geriatric population, rising healthcare costs, increased focus on independent living, rising demand for cost-effective healthcare services, growing awareness regarding elderly care.

The elderly monitors market size is expected to see rapid growth in the next few years. It will grow to $6.45 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to advancements in assistive devices and technology, increased life expectancy, integration of AI and machine learning, rise of the internet of things, preference for better lifestyle and healthcare services. Major trends in the forecast period include introduction of smart aging system, focus on personalized care and intervention, product diversification, ethical and regulatory considerations, wearable integration, rising remote patient monitoring.

The increasing focus on health and wellness is expected to drive the growth of the elderly monitoring market in the coming years. Health and wellness refer to a comprehensive state of physical, mental, and social well-being, highlighting the importance of balanced lifestyle choices, preventive measures, and positive behaviors that enhance an individual's overall quality of life. Elderly monitoring systems contribute to this by utilizing advanced technologies to track and analyze essential health metrics, daily activities, and safety indicators. These systems provide real-time insights and enable early interventions, supporting caregivers and healthcare professionals in managing the well-being of elderly individuals. For example, the Office for National Statistics, a UK-based organization, reported in May 2023 that healthcare expenditure in the UK reached approximately $354.88 billion (£283 billion) in 2022, marking a nominal increase of 0.7% compared to 2021. Thus, the growing awareness of health and wellness is accelerating the expansion of the elderly monitoring market.

Key players in the elderly monitoring market are actively innovating to develop cutting-edge technological solutions, exemplified by the introduction of medical radar devices for enhanced monitoring capabilities. Medical radar devices, leveraging radar technology for imaging and monitoring, offer unique advantages in non-invasive monitoring and early disease detection. For example, in April 2023, AT&T Inc. unveiled a medical radar device designed to monitor older adults through walls using radar and AI technology. This innovative device detects body position, movement, and biometrics without the need for cameras or wearable trackers, thereby promoting privacy and independence for older individuals. Targeted towards enterprise customers such as senior living facilities and healthcare providers, this discreet and easy-to-set-up device facilitates proactive care management while respecting user privacy. Such advancements in medical radar technology signify a significant step forward in elderly monitoring, catering to the evolving needs of aging populations and promoting healthy aging outcomes.

In November 2022, HCAH (Health Care at Home), an India-based e-commerce platform, acquired Seniority, previously owned by RPG Group, for an undisclosed sum. This acquisition aims to expand HCAH's service offerings by establishing a dedicated geriatric care division, providing a comprehensive range of products and services for seniors. Seniority, an India-based company specializing in elderly care, offers a wide selection of medical and lifestyle products tailored to the needs of senior citizens.

Major companies operating in the elderly monitors market report are Robert Bosch GmbH, Abbott Laboratories, Medtronic Plc, Koninklije Philips N.V., Boston Scientific Corporation, ADT Inc., Resideo Technologies Inc., Clariane SE, BIOTRONIK SE & Co. KG, Omron Healthcare Co. Ltd., Arlo Technologies Inc., Lifeline Systems Inc., GreatCall Inc., Connect America.com LLC, Life Alert Emergency Response Inc., SHL Telemedicine Ltd., Medical Guardian LLC, Shenzhen Reolink Technology Co. Ltd., Digital Care Systems Limited, MobileHelp LLC, Canary Systems Ltd., Bay Alarm Medical, Care Innovations LLC, Alertone Services LLC, QMedic, Eldercare Services Inc., ProVita International Medical Centre Ltd., Shenzhen Wansview technology Co. Ltd.

North America was the largest region in the elderly monitors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elderly monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the elderly monitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The elderly monitors market consists of sales of personal emergency response systems, smart home systems, health monitoring devices, assisted living facilities. 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 and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Elderly monitors are devices or systems designed to monitor the well-being and health status of elderly individuals, particularly those living independently or in assisted living environments. These monitoring solutions utilize various technologies to track and collect data related to the elderly person's activities, health metrics, and overall safety.

The main products in the field of elderly monitors include Personal Emergency Response Systems (PERS), smart home systems, medical alert systems, GPS tracking devices, and wearable devices. Personal Emergency Response Systems (PERS), also known as medical emergency response systems, enable individuals to call for help in emergencies by pressing a button. Various technologies, such as home telehealth and safety monitoring, are employed for applications such as fall prevention and detection, health monitoring, memory aid, movement and mobility monitoring, as well as safety and security monitoring. These products are utilized by various end-users, including home-based care, assisted living facilities, nursing homes, hospitals, and personal use.

The elderly monitors market research report is one of a series of new reports that provides elderly monitors market statistics, including elderly monitors industry global market size, regional shares, competitors with elderly monitors market share, detailed elderly monitors market segments, market trends, and opportunities, and any further data you may need to thrive in the elderly monitors industry. This elderly monitors 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 revenues for a specified geography are consumption values that are revenues generated by organizations in the specified 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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