U.S. Assisted Living Facility Market Size, Share & Trends Analysis Report By Gender (Women, Men), By Age (More than 85 Years, 75-84 Years, 65-74 Years, Less than 65 Years), And Segment Forecasts, 2019 - 2026

Published: Nov, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The U.S. assisted living facility market size is expected to reach USD 121.2 billion by 2026, according to a new report by Grand View Research, Inc., registering a 6.4% CAGR over the forecast period. Increasing awareness and desire of consumers to age in home-based services is driving the growth of the market. In addition, lower cost of assisted living facilities (ALFs) as compared to nursing homes will propel the market.

Growing geriatric population in need of supportive environment and continuous care will fuel the growth of the market. According to the U.S. Census Bureau, by 2030, all baby boomers will be older than 65 years. According to the Rural Health Information Hub, 78 million people will be 65 years or older by 2030 and this number is expected to rise to 90 million by 2050. Presently, the highest number of assisted living facilities are in the southeast part of the country and they accounted for about 23.0% of all assisted living facilities in the U.S. Furthermore, there is a high tendency of retirees moving to the Sun Belt region in the U.S. owing to a warm and sunny climate, availability of new and comfortable housing styles, and rising recreational opportunities. This is expected to propel the market in this particular region.

Competition in the market is very high and strict regulations and licensing are expected to pose barriers for new entrants. Major participants in the market include Sunrise Senior Living, LLC; Brookdale Senior Living Solutions; and Atria Senior Living, Inc. Furthermore, rise in the cost of utilities, food, real estate taxes, and insurance could negatively affect the market.

Further key findings from the report suggest:

• By gender, women held the maximum share in 2018 and the segment is predicted to exhibit the fastest growth over the forecast period. This can be attributed to greater life expectancy of women and higher rates of disability and chronic health problems

• On the basis of age, the more than 85 years segment dominated the U.S. market in 2018. This segment is expected to expand at the fastest pace through 2026

• Increasing regulations on ALFs to ensure proper care and coordinated services could restrain the growth of the market. In the U.S., state-level regulation is enforced for licensing and certification and may vary in different states

• Strategic initiatives undertaken by various market players are expected to keep growth prospects upbeat in the following years. In May 2016, Brookdale Senior Living Solutions invested about USD 8.0 million on its Florida senior living facility. Expansions such as these are likely to boost U.S. assisted living facility market growth

• Some of the leading market players are Kindred Healthcare, Inc.; Atria Senior Living, Inc.; Integral Senior Living; Brookdale Senior Living Solutions; Five Star Senior Living; Sunrise Senior Living, Inc.; Capital Senior Living; Merrill Gardens; Gardant Management Bradley; and Belmont Village Senior Houston.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market Segmentation & Scope
                       1.1.1 Gender
                       1.1.2 Age
                       1.1.3 Country Scope
                       1.1.4 Estimates and Forecast Timeline
                   1.2 Research Methodology
                   1.3 Information procurement
                       1.3.1 Purchased database
                       1.3.2 GVR's Internal Database
                       1.3.3 Secondary sources
                       1.3.4 Primary research
                   1.4 Information or Data Analysis
                   1.5 Market Formulation & Validation
                   1.6 Model Details
                       1.6.1 Commodity flow analysis
                       1.6.2 Volume price analysis
                   1.7 List of Secondary Sources
                   1.8 List of Primary Sources
                   1.9 List of Abbreviations
                   1.10 Objectives
                       1.10.1 Objective - 1:
                       1.10.2 Objective - 2:
Chapter 2 Executive Summary
                   2.1 Market Outlook
                   2.2 Segment Outlook
                       2.2.1 Gender
                       2.2.2 Age
                       2.2.3 Country
                   2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Lineage Outlook
                       3.1.1 Parent market outlook
                       3.1.2 Related/ancillary market outlook
                   3.2 Market Segmentation
                   3.3 Penetration & Growth Prospect Mapping
                       3.3.1 Analysis
                   3.4 User Perspective Analysis
                       3.4.1 Consumer behavior analysis
                       3.4.2 Market influencer analysis
                   3.5 Market Dynamics
                       3.5.1 Market driver analysis
                           3.5.1.1 Rising geriatric population
                       3.5.2 Market restraint analysis
                           3.5.2.1 Stringent regulation
                   3.6 Business Environment Analysis Tools
                       3.6.1 PESTEL Analysis
                           3.6.1.1 Political & legal landscape
                           3.6.1.2 Economic landscape
                           3.6.1.3 Social landscape
                           3.6.1.4 Technological landscape
                       3.6.2 Porter's five forces analysis
                           3.6.2.1 Bargaining power of buyers: Moderate
                           3.6.2.2 Bargaining power of suppliers: Moderate
                           3.6.2.3 Competitive rivalry: High
                           3.6.2.4 Threat of new entrants: Moderate
                           3.6.2.5 Threat of substitutes: High
                   3.7. U.S. Regulatory Framework & Reimbursement Scenario
Chapter 4 Assisted Living Facility Market: Gender Analysis
                   4.1 Assisted Living Facility Gender Market Share Analysis, 2018 & 2026
                   4.2 Assisted Living Facility Gender Market: Segment Dashboard:
                   4.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Gender Segment
                       4.3.1 Women
                           4.3.1.1 Women market, 2015 - 2026 (USD Billion)
                       4.3.2 Men
                           4.3.2.1 Men market, 2015 - 2026 (USD Billion)
Chapter 5 Assisted Living Facility Market: Age Analysis
                   5.1 Assisted Living Facility Age Market Share Analysis, 2018 & 2026
                   5.2 Assisted Living Facility Age Market: Segment Dashboard:
                   5.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Age Segment
                       5.3.1 More than 85 years
                           5.3.1.1 More than 85 years market, 2015 - 2026 (USD Billion)
                       5.3.2 75-84 years
                           5.3.2.1 75-84 years market, 2015 - 2026 (USD Billion)
                       5.3.3 65-74 years
                           5.3.3.1 65-74 years market, 2015 - 2026 (USD Billion)
                       5.3.4 Less than 65 years
                           5.3.4.1 Less than 65 years market, 2015 - 2026 (USD Billion)
Chapter 6 Assisted Living Facility Market: Country Analysis
                   6.1 Market Size, & Forecasts, and Trend Analysis, 2015 to 2026
                       6.1.1 U.S.
                           6.1.1.1 U.S. assisted living facility market, 2015 - 2026 (USD Billion)
Chapter 7 Competitive Analysis
                   7.1 Recent Developments & Impact Analysis, By Key Market Participants
                   7.2 Strategic Framework/ Competition Categorization (Key innovators, Market leaders, emerging players
                   7.3 Vendor Landscape
                       7.3.1 Launch Of New Products
                       7.3.2 Merger And Acquisition
                   7.4 Competitive Landscape: Market Position Analysis
                       7.4.1 Competitive Landscape: Market Position Analysis (Based On Service, Strategic Initiatives, Key Alliance)
                   7.5 Company Profiles
                       7.5.1 KINDRED HEALTHCARE, INC.
                           7.5.1.1 Company overview
                           7.5.1.2 Financial performance
                           7.5.1.3 Product benchmarking
                           7.5.1.4 Strategic initiatives
                           7.5.1.5 SWOT analysis
                       7.5.2 Brookdale Senior Living Solutions
                           7.5.2.1 Company overview
                           7.5.2.2 Financial performance
                           7.5.2.3 Product benchmarking
                           7.5.2.4 Strategic initiatives
                           7.5.2.5 SWOT analysis
                       7.5.3 Atria Senior Living, Inc.
                           7.5.3.1 Company overview
                           7.5.3.2 Financial performance
                           7.5.3.3 Product benchmarking
                           7.5.3.4 Strategic initiatives
                           7.5.3.5 SWOT analysis
                       7.5.4 Five Star Senior Living
                           7.5.4.1 Company overview
                           7.5.4.2 Product benchmarking
                           7.5.4.3 Strategic initiatives
                       7.5.5 Sunrise Senior Living, Inc.
                           7.5.5.1 Company overview
                           7.5.5.2 Financial performance
                           7.5.5.3 Product benchmarking
                           7.5.5.4 SWOT analysis
                       7.5.6 Capital Senior Living
                           7.5.6.1 Company overview
                           7.5.6.2 Financial performance
                           7.5.6.3 Product benchmarking
                           7.5.6.4 Strategic initiatives
                           7.5.6.5 SWOT analysis
                       7.5.7 Merrill Gardens
                           7.5.7.1 Company overview
                           7.5.7.2 Financial performance
                           7.5.7.3 Product benchmarking
                           7.5.7.4 Strategic initiatives
                           7.5.7.5 SWOT analysis
                       7.5.8 Integral Senior Living
                           7.5.8.1 Company overview
                           7.5.8.2 Financial performance
                           7.5.8.3 Product benchmarking
                           7.5.8.4 Strategic initiatives
                           7.5.8.5 SWOT analysis
                       7.5.9 Gardant Management Bradley
                           7.5.9.1 Company overview
                           7.5.9.2 Financial performance
                           7.5.9.3 Product benchmarking
                           7.5.9.4 Strategic initiatives
                           7.5.9.5 SWOT analysis
                       7.5.10 Belmont Village Senior Houston
                           7.5.10.1 Company overview
                           7.5.10.2 Financial performance
                           7.5.10.3 Product benchmarking
                           7.5.10.4 Strategic initiatives
                           7.5.10.5 SWOT analysis
Chapter 8 Recommendations

List of Tables

TABLE 1 List of secondary sources
TABLE 2 List of Abbreviation
TABLE 3 List of players in U.S.
TABLE 4 U.S. assisted living facility market, by gender, 2015 - 2026 (USD Billion)
TABLE 5 U.S. assisted living facility market, by age, 2015 - 2026 (USD Billion)
TABLE 6 Launch of assisted living facility
TABLE 7 Recent mergers & acquisitions

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modelling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Market outlook
Fig. 9 Assisted living facility market segmentation
Fig. 10 Penetration & growth prospect mapping
Fig. 11 Market trends & outlook
Fig. 12 Market driver relevance analysis (Current & future impact)
Fig. 13 Market restraint relevance analysis (Current & future impact)
Fig. 14 Assisted living facility gender market share analysis, 2018 & 2026
Fig. 15 Assisted living facility gender market: Segment dashboard
Fig. 16 Women market, 2015 - 2026 (USD Billion)
Fig. 17 Men market, 2015 - 2026 (USD Billion)
Fig. 18 Assisted living facility age market share analysis, 2018 & 2026
Fig. 19 Assisted living facility age market: Segment dashboard
Fig. 20 More than 85 years market, 2015 - 2026 (USD Billion)
Fig. 21 75-84 years market, 2015 - 2026 (USD Billion)
Fig. 22 65-74 years market, 2015 - 2026 (USD Billion)
Fig. 23 Less than 65 years market, 2015 - 2026 (USD Billion)
Fig. 24 Assisted living facility country market share analysis, 2018 & 2026
Fig. 25 Assisted living facility country market: Segment dashboard
Fig. 26 Country marketplace: Key takeaways
Fig. 27 U.S. assisted living facility market, 2015 - 2026 (USD Million)
Fig. 28 Recent developments & impact analysis, by key market participants
Fig. 29 Strategy framework
Fig. 30 Strategy mapping
Fig. 31 Company market position analysis (based on Service, strategic initiatives, key alliance)