One of the key drivers driving the smart necklace market is the growing senior population, which raises demand for modern healthcare products. The rising frequency of health conditions such as Alzheimer's disease and dementia is leading to a preference for smart healthcare wearables among the elderly. As a GPS tracking device, this has raised demand for smart wearables, like smart necklaces. In the event of an emergency, smart necklaces can also be used to set off alarms and transmit signals to pre-programmed phone numbers. Thanks to the rising prevalence of geriatrics, the need for smart necklaces is expected to rise.