Published Date: Jun 2025 | Report ID: MI2870 | 220 Pages
The North America Smart Aging Market accounted for USD 17.4 Billion in 2024 and USD 19.02 Billion in 2025 is expected to reach USD 46.28 Billion by 2035, growing at a CAGR of around 9.30% between 2025 and 2035. Rising aging population, tech advancements, and healthcare costs are driving demand for smart, remote elderly care solutions. Smart aging involves different products and services that ensure the elderly are looked after, kept safe, and provided with assistance. Smart homes, electronic health bands, online healthcare, and senior-focused thinking tools make up this technology.
Since the population in North America is getting older, the need for these types of solutions is increasing fast. High levels of positivity are seen in the industry due to digital health, more healthcare resources being spent, and an increase in living at home for the elderly. Businesses that make solutions easy to use and inexpensive are predicted to do well in the growing world of cloud services.
“Technology is transforming how we support aging populations, enabling independence and better health outcomes.”
| Parameter | Details |
|---|---|
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2024 |
| Market Size in 2024 | USD 17.4 Billion |
| CAGR (2025-2035) | 9.3% |
| Forecast Years | 2025-2035 |
| Historical Data | 2018-2024 |
| Market Size in 2035 | USD 46.28 Billion |
| Countries Covered | U.S. and Canada |
| 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 | Product Type, Technology, End-user, and Country |
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The number of elderly people is increasing, and this is mainly leading to higher demand for smart designs that make homes safer and more independent for the elderly. In 2020, the U.S. Census revealed that there were 54 million Americans aged 65 or greater, which was about 16.5% of everyone in the United States. Many people in this significant segment of society suffer from challenges related to getting around, frequent health issues, and constant care, which drives the need for modern technology.
Smart home systems, health trackers for the elderly, gadgets for spotting falls, and remote approaches are being adopted more frequently to help seniors feel independent and remain safe. They allow seniors to stay healthy by monitoring their condition, keeping alert to emergencies, and better handling their daily tasks. Due care is getting expensive and older people may not always have a family member to look after them, smart aging systems help ease these issues. Both public authorities and healthcare providers are encouraging the development of such technologies, which encourages the further growth and progress of the market.
Due to recent AI and IoT developments, older adults have more helpful personal health monitor devices. The U.S. Food and Drug Administration (FDA) sees how significant AI and machine learning (ML) are for healthcare. The FDA states that these technologies can pick up important and useful findings through the massive data collected from medicine daily. By using these tools, medical device manufacturers are coming up with items that help healthcare workers and boost the health of their patients.
AI is now used in wearable gadgets to observe patients’ key health stats, find any irregularities, and warn caregivers immediately for prompt action. Because of this connection, people can enjoy more accurate health evaluations and are encouraged to handle their health on their own, resulting in better outcomes and lower healthcare spending. Due to smart devices, full-time remote supervision is available, which allows older adults to get great healthcare at home and prevents many trips to the hospital. Because of IoT, healthcare providers can efficiently collect all necessary health details, design better personal treatment methods, and assist patients and caregivers in communicating well.
The high cost of smart aging technologies remains a significant barrier for many low-income elderly individuals, limiting their ability to access innovative health and safety solutions. These advanced devices often come with expensive upfront costs and ongoing subscription fees, making them unaffordable for seniors on fixed or limited incomes. Furthermore, many low-income elderly lack access to reliable internet and digital infrastructure necessary for these technologies to function effectively. This financial hurdle prevents them from benefiting from vital features such as real-time health monitoring, emergency alerts, and remote caregiver communication.
The cost factor also contributes to a widening digital divide, where wealthier seniors can leverage technology to improve their quality of life, while low-income groups remain underserved. Without targeted subsidies, insurance coverage, or affordable alternatives, this disparity is likely to persist. Addressing affordability issues is essential to ensure equitable access to smart aging innovations for all elderly populations.
The expansion of telehealth services is rapidly transforming the landscape of elderly care by integrating smart aging devices for more effective remote patient management. These devices, such as wearable health monitors and smart sensors, collect real-time data on vital signs, medication adherence, and daily activities, which can be securely transmitted to healthcare providers through telehealth platforms. This integration enables continuous monitoring without the need for frequent in-person visits, improving convenience and reducing healthcare costs.
Telehealth allows doctors to make timely interventions based on accurate data, enhancing patient outcomes and safety. It also supports personalized care plans tailored to individual needs, fostering greater independence among seniors. Moreover, the COVID-19 pandemic accelerated the adoption of telehealth, highlighting its value in protecting vulnerable populations. As technology and infrastructure improve, telehealth combined with smart aging devices is expected to become a standard component of eldercare, bridging gaps in access and ensuring comprehensive, connected care.
The development of affordable, user-friendly products tailored to the diverse needs of the aging population is gaining momentum across the smart aging market. These innovations aim to address common barriers such as complex interfaces, high costs, and lack of customization for different health conditions or mobility levels. Companies are now focusing on intuitive designs with simplified functions, voice commands, and visual cues to ensure ease of use for seniors with limited tech experience. By reducing production costs and integrating essential features, manufacturers are making these solutions more accessible to a broader socioeconomic range.
These products also consider cultural, linguistic, and lifestyle differences to ensure inclusivity and relevance. From simplified smartwatches to low-cost home monitoring systems, the emphasis is on practical utility without overwhelming users. This approach not only enhances adoption rates but also empowers elderly individuals to take control of their health and daily activities. As demand grows, affordability and usability remain key innovation drivers.
Based on the product type, the North America Smart Aging Market is classified into smart home devices, wearables, telehealth equipment, and systems that monitor health. Seniors can make use of fall detectors, lighting that can be set up automatically, and assistants that work by voice command for better safety and comfort. Because of their real-time tracking ability, many people use smartwatches and fitness trackers for health and as emergency alarms.
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With telehealth equipment, medical services can be provided remotely and regularly, so people do not have to visit the hospital too often. Adopting glucose and blood pressure monitoring devices allows people with chronic diseases to handle their health effectively. All of the services provided are unique in helping people live by themselves and enjoy better health. The combination of AI and IoT is making these segments work better and more appealing.
Based on the technology, the North America Smart Aging Market is classified into artificial intelligence solutions, wearable technologies, mobile applications, and home automation systems. Artificial intelligence is now found in virtual assistants, tools for analyzing health, and personalized healthcare models. Different devices and sensors connected by IoT help monitor both seniors’ physical state and the environment, so any necessary care can be offered immediately.
Robotics is now more involved in helping older people who have trouble moving and performing daily tasks. A large part of this market relies on wearable devices, which help constantly monitor patients’ vital information. All of these technologies enable older people to live at home by offering personal, reactive, and nonintrusive assistance. With more advancements, elder care should become more efficient, able to grow, and easier to access.
The United States Smart Aging Market is leading due its large elderly population, excellent healthcare, and use of advanced technologies. Market growth has been boosted by efforts by the government to assist people who want to age and have healthcare at home. Because there are major tech firms and healthcare startups, there is always a supply of innovative ideas in senior care. Many consumers want to invest in smart health technologies and are well informed about them. In addition, insurance companies are increasingly enabling people to use remote health monitoring gadgets. The U.S. is expected to stay ahead by relying on partnerships and models founded on technology.
Canadian smart aging market is rapidly growing, as healthcare spending and attention to senior health are high. As there are more senior people in the country, both government and private groups are investing in smart technology to help them. Developments in Canada tend to focus on providing aging care through community services and home care. People are using technology more now, especially in cities, where gadgets and remote monitoring solutions are becoming more popular. Support from the government and launching pilot projects contribute to ensuring that more people are properly equipped for the digital world. The Canadian market is showing promise by adopting a sensible balance between innovations and their access to the public.
The North America smart aging market companies include traditional healthcare businesses, innovative small companies, and consumer electronics manufacturers. Philips Healthcare, Siemens Healthineers, and GE Healthcare are key companies that design special health solutions for seniors. Constantly improving wearables, along with artificial intelligence, Apple and Google are reaching out to older adults. Many startups, such as GreatCall (which is a part of Best Buy Health now) and CarePredict, focus on using AI for elder care and providing wearable gadgets.
Companies try to gain a share of the market through innovative ideas, simpler options, and affordability. Working with both healthcare providers and insurance companies helps greatly in expanding the use of the technology. These businesses use R&D investments and acquisitions in order to extend their range of products. Maintaining data privacy, making devices work together efficiently, and keeping up with rules are still main concerns. The aging technology market is expected to become more lively as innovations keep coming rapidly.
North America Smart Aging Market, Company Shares Analysis, 2024
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By Product Type
By Technology
By End User
By Region
North America
List of Companies:
The North America Smart Aging Market accounted for USD 17.4 Billion in 2024 and USD 19.02 Billion in 2025 is expected to reach USD 46.28 Billion by 2035, growing at a CAGR of around 9.30% between 2025 and 2035.
Key growth opportunities in the North America Smart Aging market include expansion of telehealth services integrating smart aging devices for remote patient management, development of affordable, user-friendly products tailored to diverse aging population needs and partnerships between tech companies and healthcare providers enhancing comprehensive eldercare solutions.
The largest segment is smart home tech, while the fastest-growing is wearables, driven by telehealth, preventive care, and real-time monitoring demand.
The United States will make the most notable contribution to the North America Smart Aging Market due to its tech adoption and aging population.
Leading players include Philips Healthcare, Lively, Apple, Samsung, and Fitbit, driving innovation in smart aging tech and elder care solutions.
The Asia Pacific Smart Aging Market accounted for USD 12.82 Billion in 2024 and USD 13.96 Billion in 2025 is expected to reach USD 32.75 Billion by 2035, growing at a CAGR of around 8.9% between 2025 and 2035.
Smart Aging Market sector recorded a valuation of USD 45.8 Billion in 2024 and is poised to expand significantly, hitting USD 120.6 Billion by 2035, driven by a CAGR of 9.20% between 2024 and 2035.
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