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Geriatric Care Devices Market Size to Reach USD 26.83 Billion by 2033, Driven by Rapid Expansion in Home Healthcare – SNS Insider
Globenewswire· 2026-01-13 08:20
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].
A. O. Smith Acquires Leonard Valve, Strengthens Product Offerings
ZACKS· 2026-01-08 16:01
Core Insights - A. O. Smith Corporation (AOS) has acquired LVC Holdco LLC (Leonard Valve) for $470 million, with an adjusted transaction value of approximately $412 million after tax benefits, executed in cash [1][8] - A. O. Smith's shares fell by 2.2% to close at $67.12 following the announcement of the acquisition [1] Company Overview - Leonard Valve, based in Cranston, RI, specializes in digital and thermostatic mixing systems, water temperature control valves, and monitoring devices, serving sectors such as universities, hospitals, and industrial facilities [2][8] Acquisition Rationale - The acquisition aligns with A. O. Smith's strategy to enhance market share and customer base, strengthening its offerings in water heating, digital and thermostatic mixing solutions, and boiler control [3][8] - This deal is expected to bolster A. O. Smith's digital capabilities and presence in the water management market [3] Growth Strategy - Acquisitions are a key component of A. O. Smith's growth strategy, with previous acquisitions including Pureit from Unilever in November 2024 and Impact Water Products in March 2024, enhancing its position in the water treatment industry [4] Financial Performance - A. O. Smith has a market capitalization of approximately $9.5 billion and holds a Zacks Rank of 3 (Hold), with a focus on cost management and operational excellence supporting margin performance [5] - The company is currently facing challenges with lower volumes of residential water treatment products in China [5] Stock Performance - Over the past three months, A. O. Smith's shares have declined by 3.8%, compared to a 2.7% decline in the industry [7] Earnings Estimates - The Zacks Consensus Estimate for A. O. Smith's earnings is projected at $3.79 for 2025, indicating a slight decrease of 0.3% from the previous estimate [9]