Market Overview:

According to Fortune Business Insights, the global Assisted Living Market size was valued at USD 157.28 billion in 2023. The market is projected to grow from USD 171.15 billion in 2024 to USD 271.50 billion by 2032, exhibiting a CAGR of 5.94% over the forecast period. North America dominated the assisted living market with a market share of 35.19% in 2023.

Assisted living refers to a residential & care arrangement designed for older adults who wish to maintain their independence, as well as individuals with disabilities who require some assistance with daily tasks but do not need constant medical supervision. Almost 60% of older adults will require some form of long-term care in the coming future. This factor is driving the growth of the market.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Brookdale Senior Living (U.S.)
• Atria Senior Living (U.S.)
• Sunrise Senior Living (U.S.)
• Erickson Senior Living (U.S.)
• Barchester Healthcare (U.K.)
• ATHULYA ASSISTED LIVING (India)
• Epoch Elder Care (India)
• Clariane (Germany)
• Dussmann Group (Germany)
• The Flag (Germany)

Get Full Sample PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/assisted-living-market-111474

Segmentation:

Chain-Affiliated Segment Led Market Driven by Surge in Number of Chain-Affiliated Facilities Globally

Based on ownership, the market is bifurcated into chain affiliated and independently owned. The chain-affiliated segment led the market in 2023, driven by the increasing number of chain-affiliated facilities globally. These chains typically uphold uniform care standards across their locations, providing families with confidence in reliable services, which boosts the growth of this segment.

Women Segment Dominated Market Due to Expanding Population of Elder Women

Based on end user, the market is bifurcated into men and women. The women segment held the dominating assisted living market share in 2023 due to longer life expectancy and an expanding population of elderly women.