United States Assisted Living Facilities Market Report 2023-2028: Rising Silver Tide Influence - US Assisted Living Facilities Ride the Age Wave

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Oct 25, 2023, 19:45 ET

DUBLIN, Oct. 25, 2023 /PRNewswire/ -- The "US Assisted Living Facilities Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The US Assisted Living Facilities Market was valued at $97.60 billion in 2022 and is expected to reach $133.42 billion by 2029 with a CAGR of 5.35%

The US Assisted Living Facilities market is experiencing robust growth, driven by several factors including the increasing number of baby boomers, a rising aging population, higher healthcare expenditure, and a growing preference for independent living. The market is currently characterized by substantial activity, with a promising outlook for the future.

As of 2022, the dominant segment in the assisted living facilities market was women, accounting for an impressive 71.70% occupancy rate. This segment is anticipated to maintain its growth momentum, with a projected CAGR of 5.84% during the forecast period. Women tend to outlive men and exhibit a higher inclination towards utilizing healthcare services.

Furthermore, older adults aged 85 years and above constituted a significant portion, contributing to 52.37% of assisted living facilities in 2022. This demographic is expected to continue driving market growth, with a projected CAGR of 5.71% during the forecast period, as they often require more comprehensive assistance and quality care.

Chain-affiliated ownership also played a pivotal role in the market, dominating with a 55.29% share in 2022. This segment is forecasted to grow at a CAGR of 5.26% as larger organizations maintain their presence, attracting older individuals seeking these communities.

Geographically, the Western region emerged as the market leader, commanding 41.12% of the market share in 2022. This region is poised for continued growth, with a projected CAGR of 5.71% during the forecast period. The Western region has witnessed a significant increase in the percentage of the elderly population, contributing to its dominance.

The comprehensive market study covers the US Assisted Living Facilities market for 2023-2028, providing insights into market dynamics, growth enablers, restraints, and trends. The report offers a thorough analysis of both demand and supply aspects of the market and profiles leading companies and key players operating in the industry.

VENDORS LIST

AlerisLife
Atria Senior Living
Brookdale Senior Living
Enlivant Living
Aegis Living
ALG Senior Living
Allegro
Arbor Company
Avidor Living
Avista Senior Living
Brightview Senior Living
Sonida Senior Living
Civitas Senior Living
CenturyPark Associates
Clearwater Living
Crescent Senior Living
Discovery Senior Living
Eddy Senior Living
Embassy Healthcare Services
Erickson Senior Living
Frontier Management
Gardant Management Solutions
Genesis Healthcare
Integral Senior Living
Kisco Senior Living
Leisure Care
Life Care Services
MBS Senior Living
Meridian Senior Living
Merrill Garden
Northbridge Companies
Northstar Senior Living
Oakmont Senior Living
Pathway to Living
Pegasus Senior Living
Pinnacle Senior Living
Prestige Care
Senior Lifestyle
Senior Resource Group
Sinceri Senior Living
Spring Arbor Senior Living
Sunrise Senior Living
Trilogy Health Services
Vi Living
Waltonwood Senior Living
Watermark Retirement Communities
Americare Senior Living
Benchmark Senior Living
Belmont Village
Pacifica Senior Living

MARKET STRUCTURE

Market Dynamics
Competitive Landscape of Assisted Living Facilities Market
Key Vendors
Other Prominent Vendors

PRODUCT SEGMENTATION AND FORECAST

By Ownership

Chain Affiliated
Independent Owned

By Age Group

Aged 60-74
Aged 75-84
Aged 85 & Above

By Gender

Men
Women

By Geography

West
South
Mid-West
Northeast

For more information about this report visit https://www.researchandmarkets.com/r/xw5mq

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