Market Research Insights

  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 conditio...

  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 d...