Recently, many places such as Shanghai and Xi'an have been deploying smart elderly care, aiming to promote the coordinated development of the elderly care industry and the elderly care industry. For example, recently, the official website of the Xi'an Civil Affairs Bureau announced that the "Notice on Promoting the Promotion and Application of Smart Health Elderly Care Products" jointly issued by the Xi'an Civil Affairs Bureau and the Finance Bureau proposes measures such as "creating new products, new formats, and new models for smart elderly care, encouraging and supporting elderly care service institutions to introduce technology assisted elderly products according to demand" and "providing a one-time subsidy of 30% of the product transaction price, and accumulating subsidies for purchasing multiple products". Yu Fenghui, Senior Researcher at Pangu Think Tank (Beijing) Information Consulting Co., Ltd., told reporters that providing subsidies for elderly care service institutions to introduce smart and healthy elderly care products can promote the improvement of service quality and efficiency, effectively enhance the intelligence and informatization level of elderly care services, and benefit the long-term development of the smart elderly care industry. The innovation of smart elderly care products continues, and the upstream of the smart elderly care industry chain includes new generation information technology and hardware equipment, including cloud computing, chips, etc; The midstream of the industry chain includes smart elderly care products and services, including intelligent health monitoring devices, robots, etc; The downstream of the industrial chain is the demand market, which is divided into home-based elderly care, community elderly care, institutional elderly care, etc. China attaches great importance to the development of the smart elderly care industry, and after years of accumulation, significant achievements have been made in this field. In terms of policy support, in January 2024, the General Office of the State Council issued the "Opinions on Developing the Silver Hair Economy to Enhance the Welfare of the Elderly", proposing to "create a new business model of smart and healthy elderly care". In October 2021, the Ministry of Industry and Information Technology and other departments jointly issued the "Action Plan for the Development of Smart Health and Elderly Care Industry (2021-2025)", which provides guidance for promoting the integrated innovation and fusion application of new generation information technology in the fields of health and elderly care, and improving the intelligence level of health and elderly care products and services. In terms of market size, analysts from the China Commerce Industry Research Institute predict that the smart elderly care market in China will reach 7.21 trillion yuan by 2025. In terms of product and service model innovation, elderly care robots have been deployed in many parts of China. Zheng Lei, Chief Economist of Samoyed Cloud Technology Group, told reporters that the use of elderly care robots largely meets the elderly care needs of the silver haired population, such as health monitoring, healthcare, emotional companionship, etc; For some elderly people with limited mobility, elderly care robots can also assist in walking, improving their safety in life. Opening up the growth space of the elderly care industry and promoting population aging is the basic national condition of China for a long period of time in the future. In the context of limited elderly and medical resources, traditional elderly care models are increasingly unable to meet the elderly care needs of the silver haired population. At the same time, with the help of advanced technology, the smart elderly care model can effectively reduce time and manpower costs, improve the overall quality of elderly care services, and provide strong guarantees for the sustainable development of elderly care services. When it comes to the future development direction of the smart elderly care industry, Wu Ying, a researcher at the Institute of Sociology of the Chinese Academy of Social Sciences, told reporters that in the context of increasingly refined, personalized, and high-quality elderly care needs, the smart elderly care industry should broaden the scope of elderly care products and services, and further include improvements in home-based elderly care conditions, community elderly care environments, and increased convenience of life in the elderly care category. In terms of home-based elderly care, providers of smart elderly care products and services can use digital twin technology to construct accurate mapping of elderly activity spaces, automatically identify environmental risks, and optimize home aging adaptation plans; In terms of community elderly care, suppliers can use technologies such as artificial intelligence and virtual reality to provide online social services for the elderly and enrich their daily lives Wu Ying said. Experts interviewed generally stated that in the future, we should be guided by the needs of elderly care and accelerate the promotion of new products and models for smart elderly care, such as smart canes and elderly care robots, to open up new growth space for the elderly care industry. This means that industry enterprises need to continue to increase their R&D investment, seize opportunities for the integrated development of life sciences, artificial intelligence, and the Internet of Things, strengthen key core technology research and development, continuously improve the intelligence level of elderly care products and services, continuously enhance user experience, and accumulate strength for the high-quality development of the smart elderly care industry Zhu Keli, Executive Director of the China Information Association and Founding President of the National Research Institute for New Economy, told reporters. (New Society)