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Assisted Living Facility and Neurorehabilitation Market 2024: Growth, Trends, Forecast 2033
Assisted Living Facility and Neurorehabilitation Marke
As per the report, the assisted living facility and neurorehabilitation market size has grown strongly in recent years. It will grow from $44.19 billion in 2023 to $47.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The assisted living facility and neurorehabilitation market size is expected to see strong growth in the next few years. It will grow to $64.73 billion in 2028 at a compound annual growth rate (CAGR) of 8%.
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Rising Demand For Personalized Senior Care Fuels The Assisted Living Facility And Neurorehabilitation Market Growth
The growing demand for personalized senior care services is expected to propel the growth of the assisted living facility and neurorehabilitation market going forward. Personalized senior care services are a wide range of services designed to help elderly individuals live. The demand for personalized senior care services is increasing due to the increase in the elderly population, their unique needs, and the demand for quality care. The integration of assisted living facilities and neurorehabilitation into personalized senior care services ensures comprehensive support, combining daily living assistance with specialized therapeutic interventions tailored to individual neurological needs. For instance, in June 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of people aged 65 and over living in permanent residential aged care increased by 3.1% during the last 5 years (from 172,000 on June 30, 2017, to 178,000 on June 30, 2022). Therefore, the growing demand for personalized senior care services is driving the growth of the assisted living facility and neurorehabilitation market.
Technological Advancements In Assisted Living And Neurorehabilitation
Major companies operating in assisted living facilities and neurorehabilitation market are focusing on technological advancements, such as smart peripheral devices, to gain a competitive edge in the market. Smart peripheral device is a hyper-sensitive controller that captures the fine grasp forces and wrist movements required for daily activities. It can detect sub-newton-level finger and hand forces, enabling treatment for even the most impaired patients. For instance, in February 2023, MindMaze, a Switzerland-based digital therapeutics company, launched Izar, a first-of-its-kind FDA-listed and CE-marked smart peripheral device for patients with impaired hand motor function. Izar is designed to fill a critical gap in neurological care and aims to be the most effective treatment for improving hand dexterity and strength in a wide range of conditions, including stroke, Parkinson's disease, Alzheimer's disease, and traumatic brain injury.
The assisted living facility and neurorehabilitation market covered in this report is segmented -
1) By Type: Women, Men
2) By Age: Less Than 65, 65-74, 75-84, More Than 85
3) By Application: Hospitals, Clinics, Personal Care, Other Applications
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Major companies operating in the assisted living facility and neurorehabilitation market are Community Health Systems Inc., Sevita Health, Encompass Health Corporation, Kindred Healthcare LLC, Brookdale Senior Living, Atria Senior Living Inc., SCA Health, Belmont VillAge L.P., Aegis Living, Craig Hospital, NeuroRestorative, Centre For Neuro Skills, Bioness Inc., Texas NeuroRehab Center, Catholic Eldercare, Moody Neurorehabilitation Institute, ResCare Inc., Sukino Healthcare Solutions Pvt. Ltd., TeamHealth, Mary Lee Foundation, Sanctus Rehabilitation Care Foundation
Contents of the report:
1. Executive Summary
2. Assisted Living Facility And Neurorehabilitation Market Report Structure
3. Assisted Living Facility And Neurorehabilitation Market Trends And Strategies
4. Assisted Living Facility And Neurorehabilitation Market - Macro Economic Scenario
5. Assisted Living Facility And Neurorehabilitation Market Size And Growth
…..
27. Assisted Living Facility And Neurorehabilitation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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