U.S. Assisted Living Facility Market Size Worth $119.2 Billion By 2027

November 2020 | Report Format: Electronic (PDF)

U.S. Assisted Living Facility Market Growth & Trends

The U.S. assisted living facility market size is expected to reach USD 119.2 billion by 2027, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2020 to 2027. The rising incidences of brain injury, growing geriatric population, and technological developments are expected to boost market growth during the forecast period.

Brain and spinal cord injuries vary in complexity, severity, and range from mild to severe. According to data published by CDC in 2018, each year, around 2.8 million people in the U.S. suffer from traumatic brain injuries, which lead to approximately 56,000 deaths and 282,000 hospitalizations. Around 2.5 million of these patients are treated and released from the emergency room. Out of the total hospitalized, the majority opts for neurological rehabilitation for stabilization, and later, an assisted living facility (ALF).

According to the National Spinal Cord Injury Association, each year, around 17,730 cases of spinal cord injury are recorded in the U.S., out of which, around 20% to 30% opt for neurological rehabilitation. The annual incidence of stroke in the country is increasing the demand for neurological rehabilitation centers and ALFs. According to an article published in NCBI, around 800,000 primary or recurrent stroke cases occur each year in the U.S. This growing incidence of mental illnesses and brain injuries is increasing the demand for ALFs that offer post-acute care for Traumatic Brain Injury (TBI) patients, thereby propelling the market growth.


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U.S. Assisted Living Facility Market Report Highlights

  • The industry is witnessing dynamic mergers, acquisitions, and joint venture agreements. For instance, in July 2019, Kindred Healthcare, in a joint venture with Atlantic Health System, completed the construction of a 38-bed comprehensive inpatient rehabilitation facility — the Atlantic Rehabilitation Institute — in Madison, NJ

  • The women segment dominated the market and accounted for the largest revenue share in 2019

  • The more than 85 years of age segment dominated the market and accounted for the largest revenue share in 2019

U.S. Assisted Living Facility Market Segmentation

Grand View Research has segmented the U.S. assisted living facility market based on gender and age:

U.S. Assisted Living Facility (ALF) Gender Outlook (Revenue, USD Billion, 2016 - 2027)

  • Women

  • Men

U.S. Assisted Living Facility (ALF) Age Outlook (Revenue, USD Billion, 2016 - 2027)

  • More than 85 years

  • 75-84 years

  • 65-74 years

  • Less than 65 years

List of Key Players of U.S. Assisted Living Facility Market

  • Atria Senior Living, Inc.

  • Kindred Healthcare, Inc.

  • Brookdale Senior Living Solutions

  • Integral Senior Living

  • Five Star Senior Living

  • Sunrise Senior Living, Inc.

  • Merrill Gardens

  • Capital Senior Living

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