- Elderly care, encompassing a range of services and products designed to support the well-being of seniors, is an increasingly critical sector within the Asia Pacific region due to evolving demographics and healthcare needs. This includes home care, assisted living, nursing homes, and various assistive technologies
- The escalating demand for elderly care in Asia Pacific is primarily fueled by the rapidly aging populations in key countries such as Japan, China, South Korea, and Australia, coupled with increasing life expectancy and a decline in traditional family support structures across the region
- Japan dominates the Asia Pacific elderly care market at 33.5% in 2025. This is attributed to its status as a super-aged society with a well-established healthcare infrastructure and significant government support for elderly care services
- China is anticipated to be the fastest-growing country within the Asia Pacific elderly care market with a CAGR of 12.4% during the forecast period. This rapid growth is driven by its massive and rapidly aging population, increasing urbanization leading to changes in family structures, and rising disposable incomes enabling more people to afford professional care services. The government is also increasingly focusing on developing the elderly care sector
- Housing and assistive devices services are expected to dominate the elderly care market with a market share of 70.1%, driven by the preference for aging in place and the increasing availability of home care services and technologies
