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U.S. Assisted Living Facility Market 2021 Analysis by Overview, Growth, Top Companies, Demand and Forecast to 2028

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Swapnil GVR
U.S. Assisted Living Facility Market 2021 Analysis by Overview, Growth, Top Companies, Demand and Forecast to 2028

The U.S. assisted living facility market size was valued at USD 83.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2027. The growing geriatric population and the rising incidence of brain injuries are expected to boost the growth of the market. The growing prevalence of target diseases and advancements in assisted living facilities are expected to drive the market over the forecast period.

Technological developments for ALFs are expected to propel the growth of the U.S. market. The development of sophisticated and easy-to-use devices and services, such as internet-enabled home monitors, telemedicine, and apps for mobile health, is likely to boost the market growth over the forecast period. For instance, an electronic medication adherence system enables tracking patients’ medication schedules, and whether they are following them. Caregivers can program these devices or software to alert individuals to take their medicines. Hence, the development of sophisticated devices and equipment for ALFs is likely to propel the market growth during the forecast period.

To identify the key drivers and the competitors’ insights, Request a Sample @: https://www.grandviewresearch.com/industry-analysis/us-assisted-living-facility-market/request/rs1

The concept of continual care retirement communities is gaining traction among seniors with high disposable income. These retirement communities are known to cater to people aged 50 years and above. The idea behind these communities is to prevent seniors from relocating when additional care is needed. As a result, the less than 65 years segment is likely to receive a moderate boost over the forecast period.

Key Player Mentioned:

  • Atria Senior Living, Inc.
  • Kindred Healthcare, Inc.
  • Brookdale Senior Living Solutions
  • Integral Senior Living
  • Five Star Senior Living
  • Sunrise Senior Living, Inc.
  • Merrill Gardens
  • Capital Senior Living
  • Gardant Management Bradley

Regional Segment Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

The U.S. market for the assisted living facility is characterized by the growing geriatric population and initiatives such as merger & acquisition, joint ventures, and partnerships, by market players in order to increase their market presence. For instance, in August 2020, Integral Senior Living entered into a partnership with Investcor Development, along with Bow River Capital and SMC Construction, to develop a new assisted living and memory care community at Sparks, Nevada. 

Access Press Release @: https://www.grandviewresearch.com/press-release/us-assisted-living-facility-market-analysis

KEY aspects covered in the report include:

  • The market size and industry growth rate of the global and regional market across various segments
  • The region or the sub-segment that is expected to drive the U.S. Assisted Living Facility market in the forecast period 2021-2028
  • Key companies operating in the global U.S. Assisted Living Facility market and their market share
  • The Factors that are estimated to drive the U.S. Assisted Living Facility Market growth
  • Key opportunities in the U.S. Assisted Living Facility market
  • Key technological advancements and market trends that shape the market

Good Reasons to Buy a Global U.S. Assisted Living Facility Market Report:

  • Offers detailed market breakdown and data triangulation that will help guide the market trends.
  • The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
  • Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
  • Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.
  • Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

 

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