- Elderly monitors, offering remote health and safety monitoring capabilities, are becoming vital components in modern geriatric care across both residential and assisted living settings due to their enhanced convenience, real-time data tracking, and seamless integration with telehealth ecosystems
- The escalating demand for elderly monitoring systems is primarily fueled by the growing aging population, increased prevalence of chronic diseases, and a rising preference for aging-in-place solutions that provide peace of mind to both patients and caregivers
- U.S. dominated in the North America elderly monitors market, propelled by the rapid adoption of connected healthcare devices, a high elderly population base, and strong presence of major market players like Philips, Medtronic, and Abbott
- Canada is expected to witness the highest CAGR in the North America elderly monitors market, driven by a rapidly aging population, increasing focus on elderly independence, and government support for telehealth services
- The female segment dominated the North America elderly monitors market with a market share of 56.4% in 2024, as women constitute a larger proportion of the aging population. This demographic trend is driven by higher life expectancy among women, leading to greater demand for elderly monitoring solutions tailored to their specific health and safety needs
