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The study considers a detailed scenario of the present Assisted Living Facilities market and its market dynamics for 2023-2028 in the US. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.
KEY HIGHLIGHTS
- In the US, the Assisted Living Facilities Market was valued at $97.60 billion in 2022 and is expected to reach $133.42 billion with a CAGR of 5.35% during the forecast period.
- In the US, the demand for assisted living facilities market is rising due to multiple factors, including the rising baby boomers, the rising aging population, the increase in healthcare expenditure, and the increased preference for independent living.
- As of 2022, the women segment dominated the assisted living facilities market with a whopping 71.70% occupancy and is expected to grow at a CAGR of 5.84% during the forecast period as women outlive men and are exhibiting higher tendency to utilize healthcare services.
- As of 2022, older adults aged 85 years and above are contributing 52.37% of assisted living facilities and is expected to grow at a CAGR of 5.71% during the forecast period since older adults require more assistance and quality care.
- As of 2022, the chain-affiliated ownership segment dominated the market with 55.29%. It is expected to grow at a CAGR of 5.26% as larger organizations maintain these, and their presence chooses older people to select these communities.
- As of 2022, the Western region dominated the market when compared to the other areas, occupying 41.12% of the market share and is expected to grow at a CAGR of 5.71% during the forecast period due to a significant increase in the percentage of the elderly population in the western region.
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
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
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Assisted Living Facilities Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
- About the Analyst
Table of Contents
Companies Mentioned
- 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
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 92 |
Published | October 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 97.6 Billion |
Forecasted Market Value ( USD | $ 133.42 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | United States |
No. of Companies Mentioned | 50 |