U.S. Assisted Living Facility Market Size Is Anticipated To Reach USD 140.8 Billion By 2030
San Francisco, 3 May 2024: The Report U.S. Assisted Living Facility Market Size, Share & Trends Analysis Report By Age (More Than 85, 75-84, 65-74, Less Than 65), Region (West, South, Midwest), And Segment Forecasts, 2023 - 2030 The U.S. assisted living facility market size is expected to reach USD 140.8 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.53% from 2023 to 2030. The launch of new assisted living facilities, growing prevalence of chronic diseases, and technological developments are expected to boost the market growth during the forecast period. The prevalence of chronic diseases is increasing at a significant pace. Along with general age-related disabilities, the elderly suffer from chronic diseases such as cancers, heart problems, diabetes, cerebral palsy, Parkinson's disease, multiple sclerosis, dementia, Alzheimer’s, and mental stress. Hospitalization for chronic conditions can be expensive and o