The elderly care market was valued at USD 19.5 billion in 2024 and is projected to grow at a CAGR of 21.6% from 2025 to 2030. The increasing aging population and rising demand for assisted living and home care services are driving the growth of this market.
Product Insights
Assisted living services accounted for 59.3% of market revenue in 2024. As the elderly population continues to rise, there is a growing need for services that support independent living and improve quality of life.
Regional Insights
North America dominated the market with a 43.7% share in 2024, supported by a strong focus on elderly care services. The Asia Pacific region is expected to experience significant growth, with a CAGR of 25.1%, driven by increasing life expectancy and changing family structures.