AI-Powered Solutions For Elderly Care Market Size, Share, Opportunities, And Trends By Technology (Machine Learning, Natural Language Processing (NLP), Robotics, Computer Vision, Others), By Application (Fall Detection And Prevention, Remote Monitoring And Healthcare, Personalized Virtual Assistants, Medication Management, Social Interaction And Companionship, Others), By End-User (Home Care Settings, Assisted Living Facilities, Nursing Homes, Hospitals And Clinics, Others), And By Geography - Forecasts From 2025 To 2030

The AI-powered solutions for elderly care market is set to witness robust growth at a CAGR of 9.73% during the forecast period to be worth US$2.249 billion in 2030 from US$1.414 billion in 2025.

AI-powered Solutions for Elderly Care Market Trends

The elderly care market is currently booming with AI-powered solutions due to a globally aging population and an increasing desire for accessible, efficient, and personalized care. AI is being utilized for the creation of multiple new solutions to allow the elderly to live safely and for as long as possible on their own. It includes; predictive analytics, telemonitoring, individualized care plans, social / companionship, and robotic intervention. Such solutions claim to alter the way of managing the population, particularly the elderly, and enhance their quality of life.

The AI-powered Solutions for Elderly Care Market is witnessing significant growth driven by two major factors:

• Growing Elderly Population: The increasing aging population became the major driver for the rise in AI-related tools in elder care, driven by the overall increase in demand for these services and support among the elderly. According to WHO projections, by 2030, there will be more than 1 billion people aged 60 and above increasing from 1 billion in 2020 to 1.4 billion elder individuals worldwide.
• Integration of IoT and Connected Devices: In the global AI-powered solutions for the elderly care market, the integration of IoT (Internet of Things) in elder care solutions is forecasted to boost the market. IoT and linked devices offer a wide range of applications in the field of senior care. Various types of devices like wearable sensors, smart home systems, and remote monitoring devices ensure real-time data for the caretakers.

AI-powered Solutions for Elderly Care Market are analyzed into the following segments:

• By technology, robotics are anticipated to grow during the forecast period

The market for robotics in elderly care is growing rapidly, driven by an aging global population and the increasing demand for innovative care solutions. Additionally, product innovation plays a crucial role in driving the adoption of robotics in elderly care. Recent innovations in artificial intelligence, machine learning, and sensor technology have empowered the development of smart robots.

In this regard, in January 2024, Intuition Robotics, a pioneer of AI-driven technology for older adults introduced the most recent updates and advancements of ElliQ, an award-winning artificial intelligence companion proven to have positive impacts on seniors' health, social connectedness, and independence.

• Based on end-users, hospitals, and clinics are anticipated to substantially during the projected period

With AI-powered solutions, elderly care in hospitals and clinics is improved by enhancing the safety of patients, and clinical outcomes, and making the care more efficient. Predictive analytics for instance enable healthcare providers to point out high-risk patients. Following this, as of 2024, the United States had 6,120 hospitals as stated by the American Hospital Association, which fuels the market growth.

Moreover, AI-driven wearables, robotic assistance, and virtual health assistants contribute to the daily care of older patients. Wearables monitor detect falls and forward real-time alerts to healthcare providers with immediate reactions, robotic systems support mobility and daily activities so that elderly patients get the physical support they require.

AI-powered Solutions for Elderly Care Market Geographical Outlook:

• North America is forecasted to hold a major market share

North America is forecasted to emerge as the leader in AI-powered solutions for the elderly care market. A key factor contributing to the region's growth is the higher technological advancement in the healthcare ecosystems, especially in countries like the USA and Canada.

As per the Population Reference Bureau, the number of Americans above 65 is projected to grow significantly from 58 billion in 2022 to 82.5 billion by 2050, which is a 47% increase. Additionally, the proportion of the whole population belonging to people aged 65 or older will grow from 17% to 23% in the future years. Therefore, the mentioned statistics are forecasted to raise the demand for AI-powered solutions for the elderly in the forthcoming years.

AI-powered Solutions for Elderly Care Market – Competitive Landscape

• Care Predict
• Intuition Robotics
• Aiva Health
• Accenture

These companies are at the forefront of leveraging their AI expertise to develop innovative solutions for elderly care such as virtual assistants, smart home devices, and predictive analytics platforms.

AI-powered Solutions for Elderly Care Market Latest Developments

• In December 2024, Nobi collaborated with Frontier Senior Living in 56 communities throughout the U.S. for the installation of AI-powered smart lamps. To optimize fall detection and prevention in senior living, AgeTech solutions are deployed. The joint endeavor combined forces to foster safety enhancements and redouble the efforts to hinder fall advantages over 3,700 living units and 56 communities within the Frontier.
• In September 2024, ZTE Corporation, a global leading provider of integrated information and communication technology solutions, launched an innovative AI Screen solution that integrates smart speakers with screens, TV screens, and mobile phone screens.

AI-powered Solutions for Elderly Care Market Scope:

Report Metric	Details
AI-Powered Solutions for Elderly Care Market Size in 2025	US$1.414 billion
AI-Powered Solutions for Elderly Care Market Size in 2030	US$2.249 billion
Growth Rate	CAGR of 4.81%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Technology Application End-User Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the AI-Powered Solutions for Elderly Care Market	Carepredict Intuition Robotics Aiva Health CrowdANALYTIX Accenture
Customization Scope	Free report customization with purchase

 

AI-powered Solutions for Elderly Care Market Segmentation:

• By Technology
  • Machine Learning
  • Natural Language Processing (NLP)
  • Robotics
  • Computer Vision
  • Others                      
• By Application
  • Fall Detection and Prevention
  • Remote Monitoring and Healthcare
  • Personalized Virtual Assistants
  • Medication Management
  • Social Interaction and Companionship
  • Others          
• By End-User
  • Home Care Settings
  • Assisted Living Facilities
  • Nursing Homes
  • Hospitals And Clinics
  • Others         
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Supplier

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. AI-POWERED SOLUTIONS FOR THE ELDERLY CARE MARKET BY TECHNOLOGY

5.1. Introduction 

5.2. Machine Learning

5.3. Natural Language Processing (NLP)

5.4. Robotics

5.5. Computer Vision

5.6. Others       

6. AI-POWERED SOLUTIONS FOR THE ELDERLY CARE MARKET BY APPLICATION

6.1. Introduction

6.2. Fall Detection And Prevention

6.3. Remote Monitoring And Healthcare

6.4. Personalized Virtual Assistants

6.5. Medication Management

6.6. Social Interaction And Companionship

6.7. Others    

7. AI-POWERED SOLUTIONS FOR ELDERLY CARE MARKET BY END-USER

7.1. Introduction

7.2. Home Care Settings

7.3. Assisted Living Facilities

7.4. Nursing Homes

7.5. Hospitals And Clinics

7.6. Others    

8. AI-POWERED SOLUTIONS FOR THE ELDERLY CARE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Carepredict

10.2. Intuition Robotics

10.3. Aiva Health

10.4. CrowdANALYTIX

10.5. Accenture

10.6. Skypoint Cloud Inc.

10.7. Sensi.AI 

10.8. Nobi

Carepredict

Intuition Robotics

Aiva Health

CrowdANALYTIX

Accenture

Skypoint Cloud Inc.

Sensi.AI 

Nobi