The global assisted living technologies market size is calculated at USD 9.26 billion in 2024, grew to USD 10.81 billion in 2025, and is projected to reach around USD 43.26 billion by 2034. The market is expanding at a CAGR of 16.74% between 2025 and 2034.
Increasing Collaboration: In June 2025, Charter Senior Living announced a collaboration with LifeLoop to deploy LifeLoop’s resident engagement solution for Charter’s Memory Care Program. Organizations focus on redefining the possibilities of personalized care and engagement for older adults living with dementia.
Acquisition Activities: In February 2025, FOXO Technologies, Inc. announced the acquisition of two assisted living facilities in Florida. One facility has 129 units, and the second facility has 137 units. The purchase price of each facility was $30 million.
Sarah Murphy, Minister for Mental Health and Wellbeing, Government of Wales, commented that the smart home technology will play a crucial role in improving the quality of life and independence for older adults while supporting our dedicated health and social care workforce. She also said that helping people to remain at home for longer, with the right support, will provide a massive benefit in avoiding unnecessary hospital admission and delayed discharge from care.
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