Industry Outlook
The Asia Pacific Elderly Care Market accounted for USD 287.12 Million in 2024 and USD 306.07 Million in 2025 is expected to reach USD 579.95 Million by 2035, growing at a CAGR of around 6.6% between 2025 and 2035. The Asia-Pacific Elderly Care Market is an extensive market covering a wide scope of services and products feasible to uphold the health and wellness of the elderly, together with their day-to-day living. These are home healthcare, long-term care facilities, geriatric services, assistive devices, and intelligent healthcare technologies. Urbanization, a fast-aging population, and the increasing health awareness among the populace are some of the key factors that are leading to a high demand in the region, both in traditional and technology-enabled care.
India, China, and Japan are some of the major players, having heavy investments in the digitalization of health and facilities to support the elderly population. The market potential is very strong, and it is backed by policies of the government, creativity of the privately owned businesses, and the emerging silver economy.
Industry Experts Opinion
“Selecting Singapore for Alphind’s APAC headquarters was a clear choice…By empowering seniors and caregivers through intelligence activation, we aim to help seniors maintain their vitality and independence, thereby reducing reliance on institutional care and family support.”
- Ez Bala, Founder and CEO of Alphind Group.
Report Scope:
Parameter | Details |
---|
Largest Market | Asia Pacific |
Fastest Growing Market | Asia Pacific |
Base Year | 2024 |
Market Size in 2024 | USD 287.12 Million |
CAGR (2025-2035) | 6.6% |
Forecast Years | 2025-2035 |
Historical Data | 2018-2024 |
Market Size in 2035 | USD 579.95 Million |
Countries Covered | China, Japan, India, Australia, South Korea, Singapore, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, and Others |
What We Cover | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and 10 companies. |
Segments Covered | Type, Application, End-user, and Country |
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Market Dynamics
Growing elderly population increasing demand for long-term healthcare services.
The Asia Pacific Elderly Care Market population is increasing substantially, thus escalating the level of long-term healthcare services. As life expectancy increases and fertility rate decreases, nations throughout the region are experiencing a gradual increase in the share of the older adult population. The National Statistical Office of India revealed that the proportion of the aged (60 and above) has increased by 8.6 percent from 2011 to an estimated 138 million in 2021. This population change is straining the healthcare system to have in place round-the-clock and specialized care in the management of age-related diseases.
Urban migration and nuclear families are contributing to the decline of the traditional family-based care. This has led to the increased dependence on professional long-term care. Governments are increasing policies of geriatric care and home health programs. The respective investment by the private players is also in the elder care homes, rehabilitation centers, and solutions to chronic disease management. The entire trend is moving towards long-term, holistic care that encompasses emotional and physical health.
Rising chronic diseases require continuous medical and caregiving support.
The increase in the population of the Asia Pacific Elderly Care Market with chronic diseases that require constant medical care and attention is creating a demand for constant medical care and attention, giving support. Conditions related to age, like diabetes, cardiovascular diseases, arthritis, and chronic respiratory disorders, are on the rise because of modified lifestyles, increased life expectancy, and the lack of preventive care.
The Ministry of Health and Family Welfare carried out an India Longitudinal Ageing Study (LASI), which revealed that approximately 75 million old Indians have at least one chronic disease, with 27 percent of them living with more than one condition. They are chronic diseases that need frequent checkups, drug therapy, and access to specialized care. There is an increase in the need for long-term home-based care, mobile health, and outpatient geriatric care. Different geriatric units are also being launched in hospitals to deal with the multifaceted needs of elderly patients. Besides, informal care within the family is also reducing, shifting the burden to formal care systems. Continuous medical supervision contributes to controlling the progression of the disease, preventing complications, and increasing the quality of life. This transformation is compelling the healthcare systems and private entities to increase the infrastructure and trained medical force to provide elderly-based chronic care.
High cost of elderly care infrastructure and professional services.
Prohibitively expensive infrastructure for elderly care and professional services is also one of the most significant obstacles in the Asia Pacific Elderly Care Market. Establishing senior care homes, assisted living homes, and specialized medical departments entails a lot of capital financing that most providers find difficult to maintain.
Operating costs are increased by the cost of employing trained geriatric workers such as nurses, physiotherapists, and caregivers. In addition, the implementation of such technologies as remote monitoring, AI, and medical devices increases costs further. Out-of-pocket expenditures on long-term care cannot be afforded by many families, particularly in nations where insurance coverage is low. Subsidies and other support programs initiated by the government are not always sufficient to match the increasing demand. The most affected are rural and middle-income households, resulting in disparity in access to care. Such expenses discourage the extension of service to the underserved locations. Consequently, the older people in much of Asia-Pacific are deprived of proper professional care and facilities. The issue of affordability should be addressed to provide equal access to elderly care.
Expansion of telehealth platforms targeting underserved aging populations.
Telehealth platforms are proliferating and becoming an important tool in accessing the underserved aging demographics in the Asia Pacific Elderly Care Market. In rural or remote locations, many elderly people do not receive regular medical attention because of distance, immobile conditions, or a lack of medical practitioners. Telehealth helps fill this gap with its virtual visits, chronic care management, mental healthcare, and medication checks without having to leave the comfort of the home. It lightens the travel burden, increases continuity of care, and enables elderly patients to take control in keeping in touch with the healthcare professionals.
Governments and commercial providers are also spending on digital health infrastructure and on user interfaces that are easy to use by seniors. Language support, simplified applications, and usage assisted by a caregiver are increasing usage. Moreover, vitals can be monitored in real-time using wearable health gadgets that connect to telemedicine platforms. The model is affordable and expandable, which is why it is suitable for large aging populations. The trend is increasing equity in healthcare, considering the rising need to find readily available elderly care options.
Development of AI-powered devices for cognitive and physical monitoring.
AI-enabled technologies to build cognitive and physical monitoring devices are also reshaping the way the elderly are taken care of in the Asia Pacific Elderly Care Market. Such intelligent systems will be able to measure vital signs, falls, movements, and behavioral patterns to determine early indicators of cognitive or health decline. Real-time notifications to caregivers and healthcare professionals are made possible through AI-powered wearables and home sensors, which guarantee timely response and eliminate the risks of emergencies. It is possible to assist dementia care using cognitive monitoring tools that process speech, facial expressions, and memory patterns.
The technologies allow older people to live independently and increase safety and confidence levels. Firms are also constructing gadgets that have easier-to-operate interfaces that cater to the seniors who have less experience with technology. Connection to mobile applications enables a family to watch their loved ones remotely. Increasing investments in this area of innovation are being made by governments and privately owned companies. On the whole, AI-based monitoring enhances the quality of life, decreases the number of visits to the hospital, and provides the conditions to maintain the active, personalized care of elderly people.
Segment Analysis
Based on the type, the Asia Pacific Elderly Care Market is classified into Services and Product. The Services dominates these market due to increasing preference toward aging in place provides home care with a sizable share as the technology catches up in the form of telehealth, remote monitoring, and personalized care services. Institutional care (nursing homes and assisted living) is increasing continuously, especially in Japanese, South Korean, and Australian urban areas, which have a high concentration of aged people.
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The adult day care business is emerging as an adaptable business to cater to the families that require part-time assistance, and more so in countries such as China and India. These facilities provide a social community, healthcare oversight, and treatment daily. The category is supported by an increasing number of two-income families and the necessity of non-residential options for elderly care. The two types address different care needs, thereby playing a different roles in the overall development of the market.
Based on the application, the Asia Pacific Elderly Care Market is classified into Chronic Illness Management, Post-Surgical Recovery, General Well-being, and Others. The Asia-Pacific elderly care market is divided based on application into heart diseases, cancer, kidney diseases, arthritis, neurological disorders, and others. A significant proportion is attributed to heart ailments because of the aging population, with a high prevalence of the ailment and growing need for round-the-clock cardiac monitoring and treatment. The segment of cancer treatment is also growing, caused by the increased cases of age-related cancer and specialized oncology support services.
There is an increased attention in the management of kidney disease, especially in the urban centers where cases of chronic kidney conditions that need dialysis and home-based treatments are on the increase. Mobility aids, physiotherapy, and pain management are in high demand in arthritis care. Dementia and Alzheimer's neurological diseases are also driving investments in memory care units and cognitive therapies. Both application fields show the changing disease burden in the region and the demand for elderly care solutions targeted at those areas.
Regional Analysis
The Chinese elderly care market is fastest growing, as the country has a huge aging population that is expected to exceed. To respond to the care demand, the government is vigorously implementing the so-called 9073 model (90% home care, 7% community care, 3% institutional care). There is massive investment in intelligent elderly care devices, elderly universities, and combined medical-care cities. Residential aged-care centers and home health services are also expanding because of public-private partnerships. Nevertheless, access challenges are still reported in rural locations, and there is a lack of caregivers.
Japan elderly care market is one of the oldest in the world, as almost one-third of the population is over 65. It boasts a long-term care insurance system that has been in place a long time to facilitate a strong institutional and home care system. Japan leads in implementing robotics, AI, and remote monitoring systems in elder care to overcome caregiver issues. The government policies support the idea of community-based integrated care systems so that seniors could age in their homes. The worship of technological innovation in the country remains a determinant in the advanced models of eldercare delivery.
The Indian elderly care market is dominating due to the rapidly growing number of older people. As the population over 60 is projected to be more than 319 million by 2050, there is an increase in the demand for senior housing, home healthcare services, and palliative care. The sector, however, is largely disorganized, particularly in the rural setting. The catalysts of the growth are privately funded investments, the urban population needing assisted living, and the rising emphasis on geriatric well-being. The problems are affordability, low insurance coverage, and scarce caregivers.
Australia's elderly care market is developing as the government funds and supports aged care reforms. The combination of home care packages, residential aged care, and community-based services is provided in the country. The Australian Aged Care Quality Standards provide directions in service delivery to make sure that elderly people are attended to safely and with dignity. The market also experiences a move towards consumer-directed care as well as wellness-based aging services.
Competitive Landscape
The Asia Pacific elderly care market is associated with intensive competition among regional and global leaders and providers who suggest their services in the sphere of home care, institutional care, and assistive technologies. Major competitors are Benesse Holdings (Japan), ORPEA (France), Taikang Community (China), Columbia Pacific Communities (India), and technological companies such as Philips and Medtronic. Firms are concentrating on the conjunction of AI, distant observation, and robotic support to overcome caregiver insufficiency and enhance the effectiveness of service. The Taikang model of China is a convergence of insurance and eldercare, and Japan is a smart elderly living solution.
India has a highly fragmented market, which is expanding rapidly, due to which the private investments in senior living projects are being attracted. Australia favors the reforms in aged care and promotes consumer-directed models. There is an increase in strategic mergers and partnerships to extend reach and share resources. The AP News recently covered the story that although China has a thriving “silver economy,” many companies in the eldercare industry are not making enough profits because of the high operating expenses. The competitive environment is characterized by innovation, policy harmonization, and the need for personalized technology-based services.
Asia Pacific Elderly Care Market, Company Shares Analysis, 2024
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Recent Developments:
- In June 2025, The Madras High Court sought feedback from both the Union and Tamil Nadu governments on a petition advocating for a National Centre for Ageing in each district—citing rising elder neglect and inadequate elder‑care facilities.
- In May 2025, Construction reached 50% completion on the new 200‑bed National Centre of Ageing at BHU, Varanasi, slated to open by December 2025, featuring ICU, dialysis, yoga therapy, and sleep lab services.
- In April 2025, Antara Senior Care (Max Group) was honored as Operator of the Year – Senior Living at the 13th Asia Pacific Eldercare Innovation Awards, recognizing its integrated senior‑care ecosystem in India.
Report Coverage:
By Type
- Services
- Assisted Living
- Adult Day Services
- Home Care Services
- Palliative Care
- Long-term Care
- Others
- Products
- Mobility Assistance Devices
- Assistive Devices
- Medical Devices
- Others
By Application
- Chronic Illness Management
- Post-Surgical Recovery
- General Well-being
By End-User
- Hospitals
- Long-term Care Centers
- Home-based Settings
- Others
By Region
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Rest of Asia Pacific
List of Companies:
- Benesse Holdings, Inc.
- ORPEA Groupe S.A.
- Brookdale Senior Living Inc.
- Philips Healthcare
- Columbia Pacific Communities
- Atria Senior Living, Inc.
- Taikang Community
- Antara Senior Living
- Sunrise Senior Living, LLC
- Sodexo S.A.
- Golden Years Hospital Sdn Bhd
- Sienna Senior Living Inc.
- NTUC Health Co-operative Limited
- Japara Healthcare Limited
- Ryman Healthcare Limited
Frequently Asked Questions (FAQs)
The Asia Pacific Elderly Care Market accounted for USD 287.12 Million in 2024 and USD 306.07 Million in 2025 is expected to reach USD 579.95 Million by 2035, growing at a CAGR of around 6.6% between 2025 and 2035.
Key growth opportunities in the Asia Pacific Elderly Care market include expansion of telehealth platforms targeting underserved aging populations, development of AI-powered devices for cognitive and physical monitoring, and public-private partnerships for building affordable senior care communities.
Home care is the largest segment, while smart elderly care technologies and AI-driven health monitoring are the fastest-growing in the Asia-Pacific market.
China will make a notable contribution due to its massive aging population, rising chronic diseases, and strong government investment in elderly care services.
Leading players include Koninklijke Philips N.V., Medtronic, ORPEA Groupe, Right at Home, LLC, Bayada Home Health Care, Amedisys, Econ Healthcare Group, and Home Instead, Inc.
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