DUBLIN, Oct. 25, 2023 /PRNewswire/ -- The "US Assisted Living Facilities Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The US Assisted Living Facilities Market was valued at $97.60 billion in 2022 and is expected to reach $133.42 billion by 2029 with a CAGR of 5.35%

The US Assisted Living Facilities market is experiencing robust growth, driven by several factors including the increasing number of baby boomers, a rising aging population, higher healthcare expenditure, and a growing preference for independent living. The market is currently characterized by substantial activity, with a promising outlook for the future.

As of 2022, the dominant segment in the assisted living facilities market was women, accounting for an impressive 71.70% occupancy rate. This segment is anticipated to maintain its growth momentum, with a projected CAGR of 5.84% during the forecast period. Women tend to outlive men and exhibit a higher inclination towards utilizing healthcare services.

Furthermore, older adults aged 85 years and above constituted a significant portion, contributing to 52.37% of assisted living facilities in 2022. This demographic is expected to continue driving market growth, with a projected CAGR of 5.71% during the forecast period, as they often require more comprehensive assistance and quality care.

Chain-affiliated ownership also played a pivotal role in the market, dominating with a 55.29% share in 2022. This segment is forecasted to grow at a CAGR of 5.26% as larger organizations maintain their presence, attracting older individuals seeking these communities.

Geographically, the Western region emerged as the market leader, commanding 41.12% of the market share in 2022. This region is poised for continued growth, with a projected CAGR of 5.71% during the forecast period. The Western region has witnessed a significant increase in the percentage of the elderly population, contributing to its dominance.

The comprehensive market study covers the US Assisted Living Facilities market for 2023-2028, providing insights into market dynamics, growth enablers, restraints, and trends. The report offers a thorough analysis of both demand and supply aspects of the market and profiles leading companies and key players operating in the industry.

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

MARKET STRUCTURE

• Market Dynamics
• Competitive Landscape of Assisted Living Facilities Market
• Key Vendors
• Other Prominent Vendors

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

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