The U.S. assisted living facility market is projected to reach USD 139.22 billion by 2028, growing at a CAGR of 6.6%. Rising income from older population, growing prevalence of cognitive impairment, and the desire to live in senior housing communities for better healthcare are several factors pouring the growth of the U.S. assisted living facility market. However, high cost and absence of public subsidies in assisted living facility are often exorbitant for people with low or moderate incomes, which restrains the market growth.
Adroit Market Research report on the U.S. assisted living facility market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 to 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market. In addition, the study also assesses the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the U.S. assisted living facility market have been studied in detail.
Assisted living offers individuals help with daily care, but unlike the care in nursing home. They normally, provide a few "levels of care", with inhabitants paying additional for higher levels of care. In these facilities, residents typically live in their personal apartments or rooms and share common areas. They have admission to several services, comprising assistance with personal care, up to three meals a day, help with medications, laundry; 24-hour supervision, on-site staff; security, social and recreational activities.
The U.S. assisted living facility market is categorized based on gender and age. On the basis of gender, the market is segmented into women and men. Women dominated the market in 2019 and is also set to grow at a fastest CAGR over the forecast period.
Key players of the U.S. assisted living facility market include Kindred Healthcare, Inc., Integral Senior Living, Atria Senior Living, Inc., Brookdale Senior Living Solutions, Sunrise Senior Living, Inc., Five Star Senior Living, Capital Senior Living, Gardant Management Bradley, Merrill Gardens, Belmont Village Senior Houston among others.
Key segments of the U.S. assisted living facility market
Gender Overview, 2018-2028 (USD Billion)
Age Overview, 2018-2028 (USD Billion)
- More than 85 years
- 75-84 years
- 65-74 years
- Less than 65 years