United States Gerontechnology Market 2033 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Gerontechnology Market size reached US$ 69.56 Billion in 2024 and is expected to reach US$ 245.60 Billion by 2033, growing at a CAGR of 13.0% during the forecast period 2025-2033.

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Key Development:

United States: Recent Gerontechnology Developments

✅ In December 2025, Panasonic Holdings implemented AI‐driven preventive care and social autonomy verification with elderly participants, enhancing autonomy and mental wellbeing through AI chatbots and activity tracking, and plans to showcase these findings at CES 2026 to expand preventive tech for aging‐in‐place.

✅ In September 2025, Teton.ai secured $20 million in funding to accelerate its AI‐powered predictive care platform for seniors, expanding non‐intrusive monitoring systems that detect early health risks and support independent aging across U.S. senior living communities.

✅ In August 2025, multiple U.S. healthcare startups launched AI‐powered remote monitoring systems for seniors, enabling real‐time fall detection, vital‐sign tracking, and emergency alerts for independent living support.

✅ In May 2025, CarePredict expanded its AI wearable health‐monitoring platform nationwide, tracking senior movement, habits, and sleep patterns to predict health declines and improve elder wellbeing in community care settings.

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Japan: Recent Gerontechnology Developments

✅ In December 2025, Kanematsu Corporation partnered with Intuition Robotics to co‐develop a Japanese version of the ElliQ AI companion robot, designed to provide emotional support, cognitive engagement, and health assistance tailored to Japan's ageing population needs.

✅ In November 2025, the Gerontech & Innovation Expo cum Summit 2025 in Hong Kong showcased nearly 1,000 gerontechnology products, including smart sensors, robotics, AI rehabilitation tools, and accessible mobility solutions, highlighting Japan‐linked innovations and cross‐border solutions in smart ageing tech.

✅ In October 2025, at CEATEC 2025, Fujitsu showcased its AI technologies for human augmentation, including advanced skeleton recognition and AI motion analysis that can be applied to health and performance contexts relevant to aging and rehabilitation.

✅ In September 2025, Tokyo Metropolitan Institute for Geriatrics & Gerontology adopted AI‐powered brain imaging analysis software for rapid neurodegenerative condition diagnosis, improving detection and care planning for dementia and related disorders.

Key Players:

=> Invacare Corporation, Karman Healthcare Inc., Ottobock, Pride Mobility Products Corp., Medtronic, Sunrise Medical, Meyra GmbH, Koninklijke Philips N.V., Sensi.AI, Labrador Systems Inc., among others.

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Key Segments:

By Type

Health Monitoring Devices - ~35% share

Widely used for remote monitoring of vital signs, chronic disease management, and fall detection among the elderly.

Assistive Devices - ~25% share

Includes mobility aids, hearing aids, and vision support devices; high adoption in hospitals and elderly care facilities.

Smart In-Home Technology-Based Products - ~30% share

Growing segment due to demand for smart home automation, safety monitoring, and independent living solutions.

Others - ~10% share

Includes rehabilitation devices, cognitive support tools, and emerging technologies.

By Age Group

60-70 Years - ~40% share

Early adoption of health monitoring and smart in-home technologies; preference for preventive care devices.

71-80 Years - ~35% share

Increased use of assistive devices and health monitoring systems to manage chronic conditions and mobility challenges.

Above 80 Years - ~25% share

High demand for comprehensive healthcare support solutions, including remote monitoring and assisted living technologies.

By End-User

Hospitals - ~30% share

Use of advanced monitoring and assistive devices for inpatient and outpatient geriatric care.

Old Age Homes - ~25% share

Adoption of smart technology and monitoring systems to enhance resident safety and daily care.

Homecare - ~35% share

Growing preference for in-home health monitoring and assistive devices to support aging in place.

Others - ~10% share

Includes rehabilitation centers, community care facilities, and specialty clinics.

By Region

North America - ~40% share

Leading market due to high elderly population, advanced healthcare infrastructure, and technology adoption.

Europe - ~25% share

Strong presence in homecare solutions and assisted living facilities; rising focus on smart healthcare devices.

Asia Pacific - ~20% share

Rapid growth driven by aging population, increasing awareness, and government support for elderly care technologies.

Latin America - ~10% share

Growing adoption of health monitoring and assistive devices in hospitals and senior care homes.

Middle East & Africa - ~5% share

Emerging market with increasing investments in healthcare infrastructure and elderly care technologies.

FAQ

What is the current size of the Gerontechnology Market?

A: In 2024, the Gerontechnology Market was valued at US$ 69.56 Billion, reflecting its strong industry presence.

Q2: How large is the Gerontechnology Market expected to be by 2033?

A: By 2033, industry forecasts suggest the Gerontechnology Market will grow to around US$ 245.60 Billion , demonstrating significant expansion.

Q3: What is the growth rate of the Gerontechnology Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 13.0% during the forecast period from 2025 to 2033.

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