U.S. Assisted Living Facility Market- Industry Outlook & Forecast 2022-2027

In 2021, the US assisted living facilities market was valued at $88.04 billion, which is expected to grow at a CAGR of 5.00% to reach $117.96 billion by 2027. Factors such as the surge in the prevalence of chronic conditions (diabetes or emphysema) and other cognitive disorders (Alzheimer's disease, Parkinson's disease, dementia with Lewy bodies disease, and frontotemporal degeneration) among the elderly and the rise in associated healthcare expenditure are expected to drive market growth. Also, at an industrial level, the adoption of inorganic growth strategies by several players will accelerate market growth during the forecast period.

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Most seniors with no immediate requirements for skilled nursing care prefer living arrangements in ALF communities that offer fitness facilities, meal services, help with daily living activities, and round-the-clock access to emergency help. Consequently, many assisted living communities have introduced high-end premium services at their facilities to outperform their competitors in the market. Also, the affluent elderly population in the US prefers high-quality retirement lifestyles, which include casual and formal dining options, recreational programs for continued learning and new cultural experiences, and state-of-the-art facilities such as a swimming pool, fitness centers, and tennis courts. Consequently, several assisted living communities have emerged to cater to the luxury senior living requirements of this smaller sub-group of well-to-do senior citizens.

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Key Vendors
AlerisLife
Atria Senior Living
Brookdale Senior Living
Enlivant

Other Prominent Vendors
ALG Senior
Business Overview
Product Offerings
American Senior Living
Arbor Company
Allegro Senior Living
Aegis Living
Brightview Senior Living
Benchmark Senior Living
Belmont Village Senior Living
Capital Senior Living
Civitas Senior Living
Clearwater Living
Century Park Associates
Discovery Senior Living
Frontier Management LLC
Gardant Management Solution
Genesis Healthcare
Integral Senior Living
Life Care Services
Kisko Senior Living
Leisure Care
Meridian Senior Living
Merrill Garden
MBK Senior Living
Northbridge Companies
Northstar Senior Living
Oakmont Senior Living
Pinnacle Senior Living
Pacifica Senior Living
Pathway To Living
Pegasus Senior Living
Prestige Care
Senior Lifestyle
Senior Resource Group (SRG)
Spring Arbor Senior Living
Sinceri Senior Living
Trilogy Health Services
Vi
Watermark Retirement Communities
Waltonwood Senior Living

Segmentation by Gender
Women
Men

Segmentation by Ownership
Chain-Affiliated
Independently Owned

Segmentation by Age Group
85 & Above Age Group
75 To 84 Age Group
60 To 74 Age Group

Segmentation by Region
United States
West
South
Mid-West
Northeast

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This release was published on openPR.