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In the U.S, assisted living is especially for the geriatric population who live independently after their retirement. Even they live independently, at the same time they also need some assistance in performing daily activities such as dressing, bathing, taking medicines, travel, and many other things which are offered under assisted living. Moreover, other household activities such as cooking and laundry services are provided under assisted living. Under the assisted living facility, older people can live independently and with their companions. The assisted living facility offers individual or shared rooms, and quarters to old people. The assisted living is generally a home setting and especially takes care of the older people’s independence.The U.S. assisted living facility market was valued at USD 84.68 billion in 2020 and is projected to grow at a CAGR of 6.6% during the forecast period.
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A contract between the company that provides assisted living facility and the individual who wants accommodation is signed. After the agreement is signed the facilities such as personal care, healthcare, and other services are provided by the relevant company. The service charges are also included in the contract. In the U.S, recently, among the retired communities the assisted living facility is gaining traction which is driving the U.S Assisted Living Facility Market. This concept is very popular among seniors with high disposable incomes and those who face family problems due to older age. The assisted living facilities cater to people who are over 50 years of age. All the facilities to these people are given at one place to help them prevent relocation. Thus, the age group between 50 to 60 years is likely to boost the U.S Assisted Living Facility Market.
Also, the U.S based companies have brought technological developments in the assisted living facilities which are anticipated to drive the U.S Assisted Living Facility Market. The new developments in the field such as easy-to-use devices, customized services, internet monitoring systems installed in homes, telemedicine services, and provision of applications that provide medical assistance are expected to drive the U.S Assisted Living Facility Market. Also, medical systems that track medication schedules, alerts medication timings are some other benefits offered by the U.S assisted living facilities. Hence, these developments could propel the U.S Assisted Living Facility Market.
The prominent players dominating the U.S Assisted Living Facility Market are Belmont Village, L.P., Gardant Management Bradley, Capital Senior Living, Merrill Gardens, Sunrise Senior Living, Inc., Five Star Senior Living, Integral Senior Living, Brookdale Senior Living Solutions, Kindred Healthcare, Inc., Atria Senior Living, Inc. among others. These companies are likely to witness considerable growth in the future in the market.
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Key segments of the U.S. assisted living facility market
Gender Overview, 2018-2028 (USD Billion)
Women
Men
Age Overview, 2018-2028 (USD Billion)
More than 85 years
75-84 years
65-74 years
Less than 65 years
Some Major Points from Table of Contents:
Competitive Landscape
6.1. Company Positioning
6.2. Strategic Initiatives
6.2.1. Mergers & Acquisitions
6.2.2. New Product Launch
6.2.3. Investments
6.2.4. Expansion
6.2.5. Others
7. Company Profiles
7.1. Kindred Healthcare, Inc.
7.1.1. Overview
7.1.2. Products and Services Portfolio
7.1.3. Recent Initiatives
7.1.4. Company Financials
7.2. Integral Senior Living
7.3. Atria Senior Living, Inc.
7.4. Brookdale Senior Living Solutions
7.5. Sunrise Senior Living, Inc.
7.6. Five Star Senior Living
7.7. Capital Senior Living
7.8. Gardant Management Bradley
7.9. Merrill Gardens
7.10. Belmont Village Senior Houston
8. Appendix
8.1. Primary Research Approach
8.1.1. Primary Interview Participants
8.1.2. Primary Interview Summary
8.2. Questionnaire
8.3. Related Reports
8.3.1. Published
8.3.2. Upcoming
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