How big is the U.S. memory care market?

The U.S. memory care market size accounted for USD 5.82 billion in 2022 and is anticipated to reach USD 6.09 billion in 2023.

What is the U.S. memory care market growth?

The U.S. memory care market is expected to grow at a CAGR of 5.1% from 2023 to 2030 to reach USD 8.61 billion by 2030.

Which segment accounted for the largest U.S. memory care market share?

In 2022, the memory exercise & activity services segment accounted for the largest market share of 40.4% in terms of revenue share pertaining to the number of patients suffering from neurodegenerative diseases. These services offer support for the patients with different memory games, visually stimulating activities, small tasks, and community-based care activities.

Who are the key players in the U.S. memory care market?

Some of the key market players positively influencing the U.S. memory care market are Brookdale Senior Living, Sunrise Senior Living, Life Care Services, Five Star Senior Living, Atria Senior Living, Erickson Living ; among others.

What are the factors driving the U.S. memory care market?

The U.S. memory care market growth can be attributed to several factors including rapidly aging population, the increasing prevalence of dementia such as Alzheimer's disease and other forms, and the growing demand for specialized care facilities for elderly patients suffering from memory related ailments.