Geriatric Care Devices Market Size to Reach USD 26.83 Billion by 2033, Driven by Rapid Expansion in Home Healthcare

Market Overview - The Geriatric Care Devices Market was valued at USD 14.80 billion in 2025 and is projected to reach USD 26.83 billion by 2033, growing at a CAGR of 7.74% from 2026 to 2033 [1][16]. Growth Drivers - The growth of the geriatric care devices market is primarily driven by the rapidly aging global population, rising life expectancy, and increasing prevalence of age-related chronic conditions such as mobility impairments, hearing loss, cardiovascular diseases, and cognitive disorders [2]. - The shift toward home-based care and assisted living facilities is further supporting demand, as healthcare systems seek cost-effective alternatives to long-term hospital stays [4]. U.S. Market Analysis - The U.S. geriatric care devices market was valued at USD 3.82 billion in 2025 and is projected to reach USD 6.75 billion by 2033, expanding at a CAGR of 7.42% [5]. - Growth in the U.S. is supported by a rapidly expanding elderly population, well-established home healthcare infrastructure, and early adoption of technologically advanced care solutions [6]. Product Segmentation - Mobility Aids captured the largest market share of 32.45% in 2025, driven by the growing elderly population and increasing incidence of mobility-limiting conditions [8]. - Monitoring Devices are projected to grow at the fastest CAGR of 9.12%, supported by rising adoption of wearable health trackers and remote monitoring technologies [8]. Application Segmentation - Fall Prevention & Mobility accounted for the highest application share of 34.20% in 2025, primarily due to the high incidence of fall-related injuries among the elderly [9]. - Elderly Monitoring is expected to expand at the fastest CAGR of 9.05%, driven by the rising need for real-time health monitoring and chronic disease management [9]. End-User Segmentation - Hospitals & Clinics held the largest end-user share of 37.50% in 2025, supported by higher patient inflow and advanced diagnostic infrastructure [10]. - Home Care Settings are anticipated to grow at the fastest CAGR of 8.90%, driven by the shift toward home-based care models [10]. Distribution Channel Analysis - Direct Sales dominated the distribution landscape with a market share of 42.30% in 2025, as hospitals and institutional buyers prefer direct procurement [11]. - Online Platforms are projected to grow at the fastest CAGR of 9.25%, fueled by increasing digital adoption and wider product availability [11]. Regional Insights - North America contributed to more than 35.25% of the global geriatric care devices market revenue in 2025, with significant installations of mobility aids and monitoring devices [12]. - The Asia Pacific geriatric care devices market is estimated to register a CAGR of 8.84%, driven by increasing integration of smart and IoT-enabled solutions [13]. Major Players - Key players in the geriatric care devices market include Cardinal Health, Invacare Corporation, Medline Industries, and Sonova Holding AG among others [14].