- Elderly cares, offering electronic or digital access control for doors and gates, are increasingly vital components of modern home security and automation systems in both residential and commercial settings due to their enhanced convenience, remote access capabilities, and seamless integration with smart home ecosystems
- The escalating demand for elderly cares is primarily fueled by the widespread adoption of smart home technologies, growing security concerns among consumers, and a rising preference for the convenience of keyless entry
- North America dominates the elderly care market with the largest revenue share of 42.26% in 2024, driven by a rapidly aging population, rising healthcare expenditures, and an increasing focus on personalized in-home care solutions
- Asia-Pacific is expected to be the fastest growing region in the elderly care market during the forecast period with a CAGR of 18.22% from 2025 to 2032, supported by large aging populations and rising economic development in countries such as China, Japan, and India. Rapid urbanization and increased healthcare spending are facilitating the expansion of elderly care infrastructure, including nursing homes, assisted living, and geriatric hospitals
- The pharmaceuticals segment dominates the market with the largest revenue share of 51.3% in 2024, driven by the high demand for medications to manage chronic and age-related conditions such as cardiovascular diseases, diabetes, and neurological disorders
