The US geriatric care devices market is expected to witness a steady increase in revenue from 2020 to 2035, driven by demographic shifts and continuous innovation across device categories. Starting from USD 7,800 Million in 2020, the market is projected to reach USD 13,600 Million by 2025 and escalate to USD 32,200 Million by 2035. This growth pattern reflects rising adoption of smart, connected health devices and the expansion of home-based care paradigms.
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Home care leads the market for geriatric care devices in 2025, spurred by consumer preference for aging-in-place and advancements in remote monitoring technologies. Hospitals represent the second-largest application segment, driven by integration of smart devices into acute elderly care. Assisted living facilities and nursing homes continue to be significant consumers, as they increasingly adopt tech-enabled safety and therapeutic solutions.
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Who are the key players in US Geriatric Care Devices industry?
The top five players in the US Geriatric Care Devices market are Philips Healthcare, Medtronic, Invacare Corporation, Cardinal Health, and Hill-Rom Holdings. These companies lead in innovation and market presence, offering advanced geriatric care products like mobility aids, monitoring devices, and home healthcare solutions across the United States.
What is the US Geriatric Care Devices growth?
The US Geriatric Care Devices market is experiencing robust growth, driven by an aging population and technological advancements. For example, in 2023, Philips Healthcare reported increased demand for remote monitoring devices and home care solutions, contributing significantly to market expansion across the country.
Which segment accounted for the largest US Geriatric Care Devices share?
Home care devices accounted for the largest share in the US Geriatric Care Devices market. Products such as remote monitoring systems, mobility aids, and assistive devices for daily living are widely adopted, as seniors prefer aging in place and families seek safer, technologically advanced home care solutions.
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