As life expectancy increases, so does the number of elders. This increase poses a challenge regarding the ability of maintaining the costs for providing services to this group. In search of solution, practitioners have found technology to improve the life style of the elderly and reducing the costs in long term. This demographic change leads to opportunities for disruptive innovation as well. Elders' acceptance of innovative technology in their everyday life is a success key factor for the governments, technology providers, healthcare providers, and other major players in elders' life. This study systematically reviews the existing literature and identifies the actors in elders' life. In addition, the study provides a comprehensive review of elder's innovative technology adoption, including the impacts and costs. The study also offers suggestions and guidelines for future research.