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Assisted Living Facility Market By Age (More than 85, 75-84, 65-74, Less than 65)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Published: | Report ID: 18916 | Report Format : PDF

Key Highlights of the Report

The global assisted living facility market is segmented by age and region. The more than 85 age group holds the largest market share, driven by the growing elderly population and their need for specialized care services. North America dominates the global market, followed by Europe and the Asia-Pacific region, owing to the presence of established healthcare infrastructure and increasing adoption of assisted living facilities.

The market is experiencing significant growth due to the increasing elderly population, rising prevalence of chronic diseases, and changing preferences toward senior care services. However, challenges such as the shortage of skilled staff, high operational costs, and regulatory compliance can impact market growth. Nevertheless, the global assisted living facility market offers opportunities for innovation and technological advancements to enhance resident care, expand into untapped markets, and integrate healthcare services and wellness programs within facilities. Strategic collaborations, investments, and government initiatives are expected to shape a positive future outlook for the industry.

Market Overview

The global assisted living facility market has witnessed rapid growth in recent years and is estimated to grow at a CAGR of 6.2% between 2023 and 2030. The market was valued at USD 250.9 billion in 2022 and is expected to reach USD 382.27 billion in 2030.

What Are The Main Drivers Of The Global Assisted Living Facility Market?

The main drivers of the global assisted living facility market growth are the growing elderly population, increasing demand for long-term care services, advancements in healthcare infrastructure and technology, rising prevalence of chronic diseases, and the shift towards personalized and home-like care settings. These factors drive the demand for assisted living facilities as a preferred option for seniors seeking personalized care, safety, and a supportive living environment.

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What Are The Major Challenges Faced By The Global Assisted Living Facility Market?

The major challenges faced by the global assisted living facility market include high costs associated with assisted living services, shortage of skilled healthcare professionals, regulatory complexities and compliance requirements, limited reimbursement options, and the need for continuous improvement in quality of care. Besides, ensuring the safety and well-being of residents, addressing the specific needs of individuals with cognitive impairments, and adapting to changing healthcare policies and regulations pose significant challenges to the market.

Assisted Living Facility Market

What Are The Growth Opportunities In The Global Assisted Living Facility Market?

The global assisted living facility market presents growth opportunities fuelled by the aging population, increasing demand for personalized care, technological advancements, and developing community-based care models. In addition, collaborations with healthcare providers and implementing innovative solutions and comprehensive care programs contribute to the market’s expansion.

Executive Summary

Overview of the Global Assisted Living Facility Market

The global assisted living facility market is witnessing significant growth due to various factors, such as the increasing elderly population, the growing prevalence of chronic diseases, and changing preferences towards senior care services. Assisted living facilities provide services to elderly individuals who require assistance with daily activities but desire an independent living environment. These facilities offer personalized care, help with medication management, social engagement opportunities, and a supportive live environment. The global market is driven by the emerging need for specialized care services, advancements in healthcare infrastructure, and the rapid adoption of innovative technologies to improve the quality of life for seniors.

Market Definition

Assisted living facilities, also called residential care facilities or senior living communities, are specialized housing environments that cater to the needs of elderly individuals who require assistance with daily activities. These facilities offer a combination of housing, personal care services, and healthcare support to promote independent living while ensuring the safety and well-being of residents. Assisted living facilities provide services such as assistance with bathing, dressing, medication management, meal preparation, housekeeping, transportation, and social activities. The facilities are designed to create a supportive and engaging environment where seniors can maintain their independence and receive the necessary support for their needs.

Market Insights

  • The global demand for assisted living facilities was valued at USD 250.9 Billion in 2022 and is expected to reach USD 382.27 Billion in 2030, growing at a CAGR of 6.2% between 2023 and 2030.
  • The more than 85 years segment accounted for the largest global market share of 53% in 2022 and is expected to register the fastest CAGR in the forecast period, while the 75 to 84 age group was the second largest segment in 2022.
  • North America currently holds the dominant position in the global market, capturing a significant share of 46% in 2022.
  • Europe also commands a considerable market share in the assisted living facility market.
  • The Asia-Pacific region, particularly China and Japan, is expected to witness the highest growth rate, owing to the increased aging population and rising healthcare investments.
  • The market is witnessing a trend toward integrating healthcare services, wellness programs, and technology solutions within assisted living facilities.

Segmentation by Age

  • The 75-84 age segment is expected to exhibit the highest CAGR during the projected period, indicating increased demand for assisted living facilities within this age group.
  • The more than 85 segment holds the largest market share, accounting for over 53% in 2022, reflecting the significant need for specialized care and assistance among older adults.
  • Other age segments, such as 65-74 and less than 65, also contribute to the overall demand for assisted living facilities.

Segmentation by Region

  • North America holds the largest market share in the global assisted living facility market, accounting for 53% in 2022.
  • Europe is another prominent region in the market, making a substantial contribution to the overall market share. Factors like increasing awareness about senior care, supportive regulations, and advanced healthcare facilities drive this regional demand for assisted living facilities.
  • The Asia-Pacific region, led by Japan and China, is estimated to witness substantial growth in the assisted living facility market. The aging population, changing demographics, and increasing regional healthcare investments contribute to this growth.
  • The rest of the world, including regions such as the Middle East, Latin America, and Africa, also contributes to the demand for assisted living facilities, completing the market revenue share.

The growing older population, increased need for specialized care services, healthcare infrastructure developments, and innovative technologies are driving the global assisted living facility market growth. However, the market also faces challenges, including high operational costs, a shortage of skilled caregivers, regulatory complexities, and the impact of the COVID-19 pandemic on care delivery and resident movement.

The United States is a key country in the global assisted living facility market. It has a well-developed healthcare infrastructure and a significant elderly population, which drives the demand for assisted living facilities. The country has a strong market presence with a broad range of services and amenities offered by assisted living facilities. Moreover, government initiatives and regulations supporting senior care services contribute to market growth in the United States.

Japan is another major country in the assisted living facility industry. Japan has one of the highest proportions of the elderly population globally and faces the challenge of a rapidly aging society. As a result, there is a growing demand for assisted living facilities that can provide specialized care services to meet the aging population’s needs. Japan has witnessed significant investments in developing senior care infrastructure and implementing innovative technologies to enhance the quality of life for seniors. The government has also introduced policies and programs to support the growth of the assisted living facility market in the country.

Increasing Elderly Population Across the Globe

The global assisted living facility market is driven by the rising number of elderly individuals who require assistance with daily activities and prefer an independent living environment. The growing aging population, particularly in developed countries, creates a significant demand for assisted living facilities to cater to their care needs and improve their quality of life. As per the National Institute on Ageing (NIA), around 8.5% of the global population is 65 and older. According to the Population Reference Bureau, the number of Americans aged 65 and over is predicted to rise from 52 million in 2018 to 95 million by 2060.

Changing Preferences and Lifestyle

There is a preference shift towards senior care services, with elderly individuals and their families increasingly opting for assisted living facilities. This trend is influenced by changing social dynamics, urbanization, and the desire for a supportive community, personalized care, and access to various amenities and social engagement opportunities. Changes in family structure in traditional civilizations are opening the way for the rise of the assisted living sector in developing countries.

High Cost of Services

The cost of assisted living facilities can be a significant restraint for many individuals and families. The expenses associated with accommodation, personalized care, medical services, and other amenities can be substantial, limiting the affordability and accessibility of assisted living facilities, especially in lower-income segments.

Regulatory and Compliance Challenges

The assisted living facility market faces regulatory challenges related to licensing, staffing requirements, and quality standards. Compliance with these regulations can be complex and costly for operators, impacting their operations and overall market growth. Besides, varying regulatory frameworks across regions and countries limits global market expansion.

Emerging Technological Innovations

Integrating innovative technologies such as remote monitoring systems, smart home devices, and healthcare management platforms presents significant opportunities in the assisted living facility market. These technologies enhance the safety, security, and overall well-being of residents while also improving operational efficiency for facility operators. The development of advanced and user-friendly equipment and services, such as Internet-enabled home monitors, telemedicine, and mobile health apps, will likely drive the market throughout the forecast period.

Competitive Landscape

Key Players

The assisted living facility market is highly fragmented, with global and regional players competing for market share. Some of the main players in the global market and their market share are as follows:

These companies focus on multiple strategies, such as mergers & acquisitions, partnerships, and collaborations, to expand their market presence and enhance their service offerings. Key players in the global market are heavily investing in R&D activities to introduce innovative technologies and services to cater to the evolving needs of the elderly population. In addition, companies focus on enhancing the quality of care, improving infrastructure, and providing personalized services to differentiate themselves in the market.

For instance, Sunrise Senior Living LLC announced the establishment of a new senior living complex in the United States on December 8, 2021. The new facility provides elders with assisted living, memory care, and short-term stays.

Likewise, Kindred Healthcare LLC and Tampa General Hospital began constructing a combined rehabilitation facility in January 2021, per their May 2020 joint venture.

Summary of Key Findings

  • The growing need for specialized care services, developments in healthcare infrastructure, and the adoption of novel technologies to improve the quality of life for seniors are driving the market growth.
  • Market segmented by age and region.
  • The 75-84 age segment is expected to post the highest growth rate in the forecast period, while the more than 85 segment holds the largest market share.
  • Geographically, North America dominates the market, followed by Europe, while the Asia-Pacific region, particularly China and Japan, is projected to witness substantial growth.
  • Market players are focusing on providing diverse housing options and personalized care plans to cater to the unique needs of seniors.

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Future Outlook

  • Continued advancements in healthcare technology, including remote patient monitoring, telemedicine, and wearable devices, will improve the quality of care and enable better health management for elderly individuals in assisted living facilities.
  • Regulations and guidelines focused on safety and quality of care will shape the market’s future, ensuring optimal services to elderly individuals.
  • Integrating AI and IoT technologies in assisted living facilities enables enhanced safety and security measures, personalized care plans, and efficient management of resources.

Segmentation

  • By Age
    • More than 85
    • 75-84
    • 65-74
    • Less than 65
  • By Region
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue-Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Assisted Living Facility Market
2.2. Global Assisted Living Facility Market, By Age
2.3. Global Assisted Living Facility Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Assisted Living Facility Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Age
3.5.2. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company Market Share of Key Players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Assisted Living Facility Market, By Age
7.1. Global Assisted Living Facility Market Overview, by Age
7.1.1. Global Assisted Living Facility Market, By Age, 2022 vs 2030 (in %)
7.2. More than 85
7.2.1. Global Assisted Living Facility Market, By Region, 2017-2030 (US$ Bn)
7.3. 75-84
7.3.1. Global Assisted Living Facility Market, By Region, 2017-2030 (US$ Bn)
7.4. 65-74
7.4.1. Global Assisted Living Facility Market, By Region, 2017-2030 (US$ Bn)
7.5. Less than 65
7.5.1. Global Assisted Living Facility Market, By Region, 2017-2030 (US$ Bn)

8. Global Assisted Living Facility Market, By Region
8.1. Global Assisted Living Facility Market Overview, by Region
8.1.1. Global Assisted Living Facility Market, By Region, 2022 vs 2030 (in%)
8.2. Age
8.2.1. Global Assisted Living Facility Market, By Age, 2017-2030 (US$ Bn)

9. North America Assisted Living Facility Market Analysis
9.1. North America Assisted Living Facility Market, by Age, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. North America Assisted Living Facility Market, by Country, 2017-2030 (US$ Bn)
9.2.1. North America Assisted Living Facility Market, by Country, 2022 Vs 2030 (in%)
9.2.2. U.S.
9.2.2.1. U.S. Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.2.2. U.S. Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
9.2.3. Canada
9.2.3.1. Canada Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.3.2. Canada Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
9.2.4. Mexico
9.2.4.1. Mexico Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.4.2. Mexico Assisted Living Facility, By Age, 2017-2030 (US$ Bn)

10. Europe Assisted Living Facility Market Analysis
10.1. Europe Assisted Living Facility Market, by Age, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Europe Assisted Living Facility Market, by Country, 2017-2030 (US$ Bn)
10.2.1. Europe Assisted Living Facility Market, by Country, 2022 Vs 2030 (in%)
10.2.2. Germany
10.2.2.1. Germany Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.2.2. Germany Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
10.2.3. France
10.2.3.1. France Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.3.2. France Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
10.2.4. UK
10.2.4.1. UK Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.4.2. UK Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
10.2.5. Italy
10.2.5.1. Italy Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.5.2. Italy Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
10.2.6. Spain
10.2.6.1. Spain Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.6.2. Spain Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
10.2.7. Rest of Europe
10.2.7.1. Rest of Europe Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.7.2. Rest of Europe Assisted Living Facility, By Age, 2017-2030 (US$ Bn)

11. Asia Pacific Assisted Living Facility Market Analysis
11.1. Asia Pacific Assisted Living Facility Market, by Age, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Asia Pacific Assisted Living Facility Market, by Country, 2017-2030 (US$ Bn)
11.2.1. Asia Pacific Assisted Living Facility Market, by Country, 2022 Vs 2030 (in%)
11.2.2. China
11.2.2.1. China Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.2.2. China Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
11.2.3. Japan
11.2.3.1. Japan Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.3.2. Japan Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
11.2.4. India
11.2.4.1. India Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.4.2. India Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
11.2.5. South Korea
11.2.5.1. South Korea Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.5.2. South Korea Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
11.2.6. South-East Asia
11.2.6.1. South-East Asia Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.6.2. South-East Asia Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
11.2.7. Rest of Asia Pacific
11.2.7.1. Rest of Asia Pacific Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.7.2. Rest of Asia Pacific Assisted Living Facility, By Age, 2017-2030 (US$ Bn)

12. Latin America Assisted Living Facility Market Analysis
12.1. Latin America Assisted Living Facility Market, by Age, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Latin America Assisted Living Facility Market, by Country, 2017-2030 (US$ Bn)
12.2.1. Latin America Assisted Living Facility Market, by Country, 2022 Vs 2030 (in%)
12.2.2. Brazil
12.2.2.1. Brazil Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.2.2.2. Brazil Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
12.2.3. Argentina
12.2.3.1. Argentina Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.2.3.2. Argentina Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
12.2.4. Rest of Latin America
12.2.4.1. Rest of Latin America Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.2.4.2. Rest of Latin America Assisted Living Facility, By Age, 2017-2030 (US$ Bn)

13. Middle East and Africa Assisted Living Facility Market Analysis
13.1. Middle East and Africa Assisted Living Facility Market, by Age, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Middle East and Africa Assisted Living Facility Market, by Country, 2017-2030 (US$ Bn)
13.2.1. Middle East and Africa Assisted Living Facility Market, by Country, 2022 Vs 2030 (in%)
13.2.2. GCC Countries
13.2.2.1. GCC Countries Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.2.2.2. GCC Countries Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
13.2.3. South Africa
13.2.3.1. South Africa Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.2.3.2. South Africa Assisted Living Facility, By Age, 2017-2030 (US$ Bn)
13.2.4. Rest of Middle East and Africa
13.2.4.1. Rest of Middle East and Africa Assisted Living Facility Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.2.4.2. Rest of Middle East and Africa Assisted Living Facility, By Age, 2017-2030 (US$ Bn)

14. Company Profiles
14.1. Kindred Healthcare LLC
14.1.1. Company Overview
14.1.2. Products/Services Portfolio
14.1.3. Geographical Presence
14.1.4. Financial Summary
14.1.4.1. Market Revenue and Net Profit (2019-2022)
14.1.4.2. Business Segment Revenue Analysis
14.1.4.3. Geographical Revenue Analysis
14.2. Brookdale Senior Living Inc
14.3. Sunrise Senior Living LLC
14.4. Atria Senior Living Inc
14.5. Five Star Senior Living
14.6. Capital Senior Living
14.7. Merrill Gardens
14.8. Integral Senior Living (ISL)
14.9. Belmont Village L.P.
14.10. Gardant Management Solutions

List of Figures
FIG. 1 Global Assisted Living Facility Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom Up Approach
FIG. 3 Global Assisted Living Facility Market Segmentation
FIG. 4 Global Assisted Living Facility Market, by Age, 2022 (US$ Bn)
FIG. 5 Global Assisted Living Facility Market, by Geography, 2022 (US$ Bn)
FIG. 6 Attractive Investment Proposition, by Age, 2022
FIG. 7 Attractive Investment Proposition, by Geography, 2022
FIG. 8 Global Market Share Analysis of Key Assisted Living Facility Market Manufacturers, 2022
FIG. 9 Global Market Positioning of Key Assisted Living Facility Market Manufacturers, 2022
FIG. 10 Global Assisted Living Facility Market Value Contribution, By Age, 2022 & 2030 (Value %)
FIG. 11 Global Assisted Living Facility Market, by More than 85, 2017-2030 (US$ Bn)
FIG. 12 Global Assisted Living Facility Market, by 75-84, 2017-2030 (US$ Bn)
FIG. 13 Global Assisted Living Facility Market, by 65-74, 2017-2030 (US$ Bn)
FIG. 14 Global Assisted Living Facility Market, by Less than 65, 2017-2030 (US$ Bn)
FIG. 15 North America Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 16 U.S. Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 17 Canada Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 18 Europe Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 19 Germany Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 20 France Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 21 U.K. Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 22 Italy Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 23 Spain Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 24 Rest of Europe Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 25 Asia Pacific Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 26 China Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 27 Japan Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 28 India Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 29 South Korea Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 30 South-East Asia Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 31 Rest of Asia Pacific Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 32 Latin America Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 33 Brazil Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 34 Mexico Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 35 Rest of Latin America Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 36 Middle East & Africa Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 37 GCC Countries Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 38 South Africa Assisted Living Facility Market, 2017-2030 (US$ Bn)
FIG. 39 Rest of Middle East and Africa Assisted Living Facility Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Assisted Living Facility Market
TABLE 2 Global Assisted Living Facility Market: Market Drivers Impact Analysis
TABLE 3 Global Assisted Living Facility Market: Market Restraints Impact Analysis
TABLE 4 Global Assisted Living Facility Market, by Competitive Benchmarking, 2022
TABLE 5 Global Assisted Living Facility Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Assisted Living Facility Market, by Key Strategies Analysis, 2022
TABLE 7 Global Assisted Living Facility Market, by More than 85, By Region, 2017-2022 (US$ Bn)
TABLE 8 Global Assisted Living Facility Market, by More than 85, By Region, 2023-2030 (US$ Bn)
TABLE 9 Global Assisted Living Facility Market, by 75-84, By Region, 2017-2022 (US$ Bn)
TABLE 10 Global Assisted Living Facility Market, by 75-84, By Region, 2023-2030 (US$ Bn)
TABLE 11 Global Assisted Living Facility Market, by 65-74, By Region, 2017-2022 (US$ Bn)
TABLE 12 Global Assisted Living Facility Market, by 65-74, By Region, 2023-2030 (US$ Bn)
TABLE 13 Global Assisted Living Facility Market, by Less than 65, By Region, 2017-2022 (US$ Bn)
TABLE 14 Global Assisted Living Facility Market, by Less than 65, By Region, 2023-2030 (US$ Bn)
TABLE 15 Global Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 16 Global Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 17 Global Assisted Living Facility Market, by Region, 2017-2022 (US$ Bn)
TABLE 18 Global Assisted Living Facility Market, by Region, 2023-2030 (US$ Bn)
TABLE 19 North America Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 20 North America Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 21 North America Assisted Living Facility Market, by Country, 2017-2022 (US$ Bn)
TABLE 22 North America Assisted Living Facility Market, by Country, 2023-2030 (US$ Bn)
TABLE 23 United States Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 24 United States Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 25 Canada Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 26 Canada Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 27 Mexico Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 28 Mexico Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 29 Europe Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 30 Europe Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 31 Europe Assisted Living Facility Market, by Country, 2017-2022 (US$ Bn)
TABLE 32 Europe Assisted Living Facility Market, by Country, 2023-2030 (US$ Bn)
TABLE 33 Germany Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 34 Germany Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 35 France Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 36 France Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 37 United Kingdom Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 38 United Kingdom Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 39 Italy Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 40 Italy Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 41 Spain Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 42 Spain Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 43 Rest of Europe Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 44 Rest of Europe Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 45 Asia Pacific Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 46 Asia Pacific Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 47 China Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 48 China Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 49 Japan Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 50 Japan Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 51 India Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 52 India Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 53 South Korea Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 54 South Korea Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 55 South-East Asia Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 56 South-East Asia Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 57 Rest of Asia Pacific Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 58 Rest of Asia Pacific Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 59 Latin America Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 60 Latin America Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 61 Brazil Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 62 Brazil Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 63 Argentina Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 64 Argentina Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 65 Rest of Latin America Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 66 Rest of Latin America Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 67 Middle East and Africa Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 68 Middle East and Africa Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 69 GCC Countries Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 70 GCC Countries Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 71 South Africa Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 72 South Africa Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)
TABLE 73 Rest of Middle East and Africa Assisted Living Facility Market, by Age, 2017-2022 (US$ Bn)
TABLE 74 Rest of Middle East and Africa Assisted Living Facility Market, by Age, 2023-2030 (US$ Bn)

Frequently Asked Questions

What is the current size of the global assisted living facility market?

The global assisted living facility market was valued at USD 250.9 Billion in 2022.

What is the anticipated growth rate of the assisted living facility market between 2023 and 2030?

The assisted living facility market is anticipated to grow at a CAGR of 6.2% between 2023 and 2030, reaching USD 382.27 Billion in 2030.

Which segment is leading the market share in terms of age?

More than 85 is the leading segment by age, holding over 53% share in terms of value in 2022.

Which age segment will post the highest CAGR during the forecast period?

The 75-84 segment will post the highest CAGR in the forecast period.

Which region is fuelling the growth of the assisted living facility industry?

Asia Pacific is fuelling the rapid growth of the assisted living facility industry, with an over one-third share in 2022.

Who are the major players in the global assisted living facility market?

Brookdale Senior Living Inc, Atria Senior Living Inc, Capital Senior Living, and Gardant Management Solutions are top global market players. Other major players include Kindred Healthcare LLC, Sunrise Senior Living LLC, Merrill Gardens, and Five Star Senior Living.

What are the major market drivers of the assisted living facility industry?

The major market drivers of the assisted living facility industry are the increasing elderly population, rising prevalence of chronic diseases, changing preferences towards senior care services, government support, technological advancements, and growing healthcare expenditure.

What are the major market restraints of the assisted living facility industry?

The major market restraints of the assisted living facility industry include high costs of care services, shortage of skilled healthcare professionals, regulatory challenges, limited insurance coverage, and the impact of the COVID-19 pandemic.

What key trends influence the global assisted living facility market?

Key trends influencing the global assisted living facility market include integrating healthcare services and technology solutions, focusing on personalized and specialized care, adopting remote monitoring and telehealth services, incorporating wellness programs and activities, and implementing sustainable and eco-friendly practices.

What are the major market opportunities of the assisted living facility industry?

The major market opportunities in the assisted living facility industry include the rising demand for senior care services, the integration of technology solutions to enhance operational efficiency and resident experience, and the expansion of assisted living facilities in untapped markets.

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