US Assisted Living Facilities Market - Focused Insights 2023-2028

US Assisted Living Facilities Market - Focused Insights 2023-2028
REPORT OVERVIEW

This report offers market size & forecast data for the Assisted Living Facilities Market in the US. The revenue generated from the service offerings are included in the report. This report provides a comprehensive and current market scenario of the US Assisted Living Facilities market, including the US Assisted Living Facilities market size, anticipated market forecast, relevant market segmentations, and industry trends.

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.

MARKET DEFINITION

An assisted living facility (ALF) is a type of long-term care facility that provides housing and personal care support to a group of full-time. People in the assisted living facility mostly require ongoing medical care and trained nursing staff to provide services.

KEY HIGHLIGHTSIn 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 LISTAlerisLifeAtria Senior LivingBrookdale Senior LivingEnlivant LivingAegis LivingALG Senior LivingAllegro Arbor CompanyAvidor LivingAvista Senior LivingBrightview Senior LivingSonida Senior LivingCivitas Senior LivingCenturyPark AssociatesClearwater Living Crescent Senior LivingDiscovery Senior LivingEddy Senior LivingEmbassy Healthcare ServicesErickson Senior LivingFrontier ManagementGardant Management SolutionsGenesis HealthcareIntegral Senior LivingKisco Senior LivingLeisure CareLife Care ServicesMBS Senior LivingMeridian Senior LivingMerrill GardenNorthbridge CompaniesNorthstar Senior LivingOakmont Senior LivingPathway to LivingPegasus Senior LivingPinnacle Senior LivingPrestige CareSenior LifestyleSenior Resource GroupSinceri Senior LivingSpring Arbor Senior LivingSunrise Senior LivingTrilogy Health ServicesVi LivingWaltonwood Senior LivingWatermark Retirement CommunitiesAmericare Senior LivingBenchmark Senior LivingBelmont VillagePacifica Senior LivingREPORT HIGHLIGHTS

PRODUCT SEGMENTATION AND FORECASTBy Ownership? Chain Affiliated

? Independent OwnedBy Age Group? Aged 60-74

? Aged 75-84

? Aged 85 & AboveBy Gender? Men

? WomenBy Geography? West

? South

? Mid-West

? Northeast

MARKET STRUCTUREMarket DynamicsCompetitive Landscape of Assisted Living Facilities MarketKey VendorsOther Prominent VendorsAPPENDIXResearch MethodologyAbbreviationsAbout Arizton