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Classified in: Health
Subjects: SCZ, MRR

United States Assisted Living Facilities Market Report 2023-2028: Rising Silver Tide Influence - US Assisted Living Facilities Ride the Age Wave


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

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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

MARKET STRUCTURE

PRODUCT SEGMENTATION AND FORECAST

By Ownership

By Age Group

By Gender

By Geography

For more information about this report visit https://www.researchandmarkets.com/r/xw5mq

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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


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SOURCE Research and Markets


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