U.S. Assisted Living Facility Market Exhibiting A CAGR Of 5.3%For The Forecast Period From 2021 To 2027
San Francisco, 3 May 2021: The Report U.S. Assisted Living Facility Market Size, Share & Trends Analysis Report, And Segment Forecasts, 2021 - 2027 The U.S. assisted living facility market size is expected to reach USD 119.2 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2021 to 2027. The rising incidence of brain injury, growing geriatric population, and technological developments are expected to boost the market growth during the forecast period. In the U.S., the assisted living facilities (ALF) provide meals, housekeeping services, social and recreational activities, and exercise and wellness programs. They also provide medical assistance in case of an emergency. Adults opting for assisted living pay for it from their savings and investments. Community service providers, household vendors, and premium elderly homes offer the required assistance and facilities to meet the daily necessities of the elder