United States Assisted Living Facility Market Outlook Report 2022-2027: Advent of Next-Generation Assisting Living Communities & Rise in Frequency of Mergers and Acquisitions Bolsters Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "U.S. Assisted Living Facility Market- Industry Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The U.S. assisted living facility market is expected to grow at a CAGR of 5% during 2022-2027.

In the U.S., increased shifting towards independent living by senior/adult older people is delivering high market growth opportunities to assisted living facility market. The significant aging population is increasing the demand for independent living facilities. In 2019, around 92% of the U.S. senior population showed a stabilized occupancy trend for independent living. In recent years, the key players and emerging players have increased their focus on high-end communities, changing the U.S. assisted living facility market landscape.

Assisted living constructions have significantly increased in the past few years, and boosting the market growth, there is an increase in the construction activities related to assisted living community units across the United States. The key companies in the U.S. assisted living facility market are involved in inorganic growth strategies. The merger and acquisition strategies accelerate the AL community's expansion and geographical presence at the industry level.

Further, the new concept of active adult living in the ALF attracts people to it. Even before retirement, people who are about to retire shortly are joining the active living facilities. This is when they have ample cash flow post-retirement; these active living facilities are unique and have better facilities per their requirements. In recent years, this group has been seen as a better target group for the ALF

Industry Regulations

In the U.S. assisted living facility market, the regulatory environment surrounding ALF continues to intensify in multiple ways. Local officials, state and federal, are increasingly focusing on enforcing laws and regulations that directly impact assisted living facilities.

The higher impact is particularly true for multi-community operators. Some rules and regulations that affect state and local (domestic) laws impact licensure protect the consumer against misleading scenarios, and influence assisted living communities' management, properties, and equipment.

Role of Medicare and Medicaid

Most assisted living communities rely on reimbursement from government funding and programs, such as Medicare and Medicaid, for some of the company's revenues. Medicare and Medicaid do not fully cover assisted living costs or rent, but Medicaid covers the medical expenses at an assisted living facility. Medicare and Medicaid represent some reimbursement helpful for assisted living facilities and seniors who reside in the assisted living facilities.

KEY HIGHLIGHTS

More than 28,900 assisted living communities operating in the U.S. Healthcare expenditure by seniors is increased in the United States. In 2020, healthcare expenditure rose to USD 4.1 trillion. This growth is substantially high compared to 2019. In 2022, SeniorLiving.org published a report on assisted living and home care costs in the U.S. In 2022, more than 800,000 American seniors will be living in AL communities

The assisted living facilities are undergoing consolidation post-COVID-19 pandemic. Many chains-based assisted living facilities are adding up more ASF or breaking them down into smaller entities to handle operational costs and implement changes faster. Smaller independent assisted living facilities are running the industry changes better than the chain of ALF. Post pandemic, the scenario has changed in the U.S. assisted living facility market; the number of people enrolling in nursing and long-term care facilities is decreasing. However, there is a moderate increase in the number of people registering for the ALF. This number of expected to increase in the future

Many U.S.-based assisted living facility organizations are engaged in various innovation initiatives. New technologies, ideas, and operating models to improve assisted living care facilities and enhance resident engagement and experience are being introduced in the U.S. assisted living facility market. With the help of advanced technology platforms such as remote monitoring, telemedicine, and connected devices, ASFs expect to identify solutions to reduced complexity and increased productivity at an affordable cost for people

VENDOR LANDSCAPE

Brookdale Senior Living, Alerislife (Five Star Senior Living), Atria Senior Living, and Enlivant hold a major share in the U.S. assisted living facility market. Due to the company's high geographical presence, expertise, and well-known brand image, they have a better industry share in the United States. The U.S. assisted living facility market is highly competitive due to numerous organizations offering similar services and community-based service programs.

Currently, more than 28,900 assisted living facility providers are available in the U.S. Brookdale Senior Living, Alerislife (Five Star Senior Living), Atria Senior Living, and Enlivant hold a major share in the U.S. assisted living facility market. In 2022, around 2,500 different senior living services providers, including assisted living facilities, were available in the U.S. Based on Brookdale analysis, the occupancy rate of seniors such as assisted living, independent living, and memory care sharply increased in 2022.

Key Vendors

• AlerisLife
• Atria Senior Living
• Brookdale Senior Living
• Enlivant

Other Prominent Vendors

• ALG Senior
• American Senior Living
• Arbor Company
• Allegro Senior Living
• Aegis Living
• Brightview Senior Living
• Benchmark Senior Living
• Belmont Village Senior Living
• Capital Senior Living
• Civitas Senior Living
• Clearwater Living
• Century Park Associates
• Discovery Senior Living
• Frontier Management LLC
• Gardant Management Solution
• Genesis Healthcare
• Integral Senior Living
• Life Care Services
• Kisko Senior Living
• Leisure Care
• Meridian Senior Living
• Merrill Garden
• MBK Senior Living
• Northbridge Companies
• Northstar Senior Living
• Oakmont Senior Living
• Pinnacle Senior Living
• Pacifica Senior Living
• Pathway To Living
• Pegasus Senior Living
• Prestige Care
• Senior Lifestyle
• Senior Resource Group (SRG)
• Spring Arbor Senior Living
• Sinceri Senior Living
• Trilogy Health Services
• Vi
• Watermark Retirement Communities
• Waltonwood Senior Living

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.1.1 Impact of Covid-19 on Alf Occupancy & Construction Activities

8 Premium Insights

8.1 Assisted Living Facilities Market in the Us: Segmentation Analysis

8.2 Gender Segmentation Insights

8.3 Ownership Segmentation Insights

8.4 Age Group Segmentation Insights

8.5 Regional Segmentation Insights

9 Market Opportunities & Trends

9.1 Rise in Number of Independent Living Communities

9.2 Development of High-End & Mid-Level Alfs

9.3 Emergence of Active Adult Living Communities

10 Market Growth Enablers

10.1 Increase in Prevalence of Alzheimer's Dementia & Other Cognitive Disorders

10.2 Advent of Next-Generation Assisting Living Communities

10.3 Rise in Frequency of Mergers and Acquisitions

11 Market Restraints

11.1 Covid-19 & Its Implications on Alfs

11.2 Increase in Operational Risks and Challenges

11.3 Alternatives to Assisted Living Communities

12 Market Landscape

12.1 Market Overview

12.2 Market Size & Forecast

12.2.1 Gender Segmentation Insights

12.2.2 Ownership Segmentation Insights

12.2.3 Age Group Segmentation Insights

12.2.4 Region Segmentation Insights

12.3 Five Forces Analysis

13 Gender

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Female

13.4 Male

14 Ownership

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Chain-Affiliated

14.4 Independently-Owned

15 Age Group

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 85 & Above

15.4 75 to 84

15.5 60 to 74

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