Market Overview:
The global assisted living facilities market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing geriatric population, rising demand for assisted living services, and growing awareness about assisted living facilities. The global assisted living facilities market by type is segmented into cooking, personal care, housekeeping and laundry, monitoring medication, and others. The cooking segment accounted for the largest share of the global assisted living facilities market in 2017 owing to the increasing demand for independent cooking among elderly population. However, the personal care segment is projected to grow at a highest CAGR during the forecast period due to rising incidences of chronic diseases among elderly population which require assistance with activities of daily life (ADLs). The global Assisted Living Facilities Market by application is divided into adult family home (AFH), community-based residential facility (CBRF), and residential care apartment complex (RCAC). In 2017, AFH dominated the overall application segment with more than 60% share in terms revenue generated followed by CBRF and RCAC segments respectively.
Product Definition:
Assisted living facilities are residences for seniors who need assistance with activities of daily living, such as bathing, dressing, and meals. They provide a supportive environment that can help residents stay independent for as long as possible.
Cooking:
Cooking is an activity that involves the application of heat, which helps in preparing food. It also helps in enhancing flavor and aroma of the food. The global market for cooking has witnessed significant growth over the past few years owing to increasing geriatric population across the world coupled with rising awareness regarding healthy lifestyle among younger generations.
Personal Care:
Personal care is any activity that helps to maintain physical and mental health. It includes activities, which are directed towards enhancing human well-being. Personal care helps in reducing stress and anxiety, improving self-esteem, increasing energy level along with providing personal comfort or convenience. In assisted living facilities (ALFs), personal care services include assistance with daily living tasks such as bathing, dressing and using the bathroom along with offering companionship through conversation or entertainment.
Application Insights:
The adult family home segment accounted for the largest share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to increasing number of aging population, especially in developed economies such as U.S., Canada, and Germany. Furthermore, rising healthcare costs have compelled older people to remain at their own homes longer. Assisted living facilities offer independent housing along with assistance for personal care and housekeeping needs which enables them to live a normal life without any major complications or disabilities. Thus, growing preference for this type of facility by families is expected drive demand over the next eight years (2017-2030).
The residential care apartment complex segment is anticipated register considerable growth rate during the forecast period owing to increase in aged population across various regions including Asia Pacific, Middle East & Africa countries like Saudi Arabia.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large geriatric population base and increasing demand for assisted living facilities are key factors driving the regional market. Europe is expected to be the second-largest region over the forecast period owing to growing awareness about these services, supportive government initiatives, and increasing demand from an aging population base.
The industry has witnessed high investments from public-private partnerships (PPP) that include joint ventures between service providers or developers and local authorities or other investors with experience in Assisted Living Facilities (ALF).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for assisted living facilities, as these facilities provide better care and support for elderly people.
- Rising awareness about assisted living facilities: There is a growing awareness among seniors and their families about the benefits of assisted living facilities over traditional nursing homes or hospitals. This is driving more people to consider such options when they need long-term care for their loved ones.
- Growing demand for customized services: Assisted living facility residents have different needs, depending on their age, health condition, etc., which means that there is a growing demand for customized services within this market segment. Providers are increasingly offering tailor-made solutions that cater specifically to individual resident requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Assisted Living Facilities Market Research Report
By Type
Cooking, Personal Care, Housekeeping and Laundry, Monitoring Medication, Others
By Application
Adult Family Home, Community-Based Residential Facility, Residential Care Apartment Complex
By Companies
Siemens AG, Honeywell International Inc., ABB Group, Panasonic Corporation, United Technologies Corporation, Assisted Living Technologies, Inc., Ingersoll Rand Plc, Legrand S.A., Gnomon Informatics Inc., Televic Healthcare N.V., Telbios SRL, Atria Senior Living, Brookdale Senior Living, Emeritus Corporation, Extendicare, Inc., Genesis Healthcare, Golden Living, HCR Manor Care, Merrill Gardens, Sunrise Senior Living, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Assisted Living Facilities Market Report Segments:
The global Assisted Living Facilities market is segmented on the basis of:
Types
Cooking, Personal Care, Housekeeping and Laundry, Monitoring Medication, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adult Family Home, Community-Based Residential Facility, Residential Care Apartment Complex
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens AG
- Honeywell International Inc.
- ABB Group
- Panasonic Corporation
- United Technologies Corporation
- Assisted Living Technologies, Inc.
- Ingersoll Rand Plc
- Legrand S.A.
- Gnomon Informatics Inc.
- Televic Healthcare N.V.
- Telbios SRL
- Atria Senior Living
- Brookdale Senior Living
- Emeritus Corporation
- Extendicare, Inc.
- Genesis Healthcare
- Golden Living
- HCR Manor Care
- Merrill Gardens
- Sunrise Senior Living, Inc.
Highlights of The Assisted Living Facilities Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cooking
- Personal Care
- Housekeeping and Laundry
- Monitoring Medication
- Others
- By Application:
- Adult Family Home
- Community-Based Residential Facility
- Residential Care Apartment Complex
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Assisted Living Facilities Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Assisted living facilities are a type of senior care facility that provides assistance with activities of daily living. These facilities may provide help with bathing, dressing, eating, and using the bathroom. They may also offer companionship and social activities.
Some of the major players in the assisted living facilities market are Siemens AG, Honeywell International Inc., ABB Group, Panasonic Corporation, United Technologies Corporation, Assisted Living Technologies, Inc., Ingersoll Rand Plc, Legrand S.A., Gnomon Informatics Inc., Televic Healthcare N.V., Telbios SRL, Atria Senior Living, Brookdale Senior Living, Emeritus Corporation, Extendicare, Inc., Genesis Healthcare, Golden Living, HCR Manor Care, Merrill Gardens, Sunrise Senior Living, Inc..
The assisted living facilities market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Assisted Living Facilities Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Assisted Living Facilities Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Assisted Living Facilities Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Assisted Living Facilities Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Assisted Living Facilities Market Size & Forecast, 2018-2028
4.5.1 Assisted Living Facilities Market Size and Y-o-Y Growth
4.5.2 Assisted Living Facilities Market Absolute $ Opportunity
Chapter 5 Global Assisted Living Facilities Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Assisted Living Facilities Market Size Forecast by Type
5.2.1 Cooking
5.2.2 Personal Care
5.2.3 Housekeeping and Laundry
5.2.4 Monitoring Medication
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Assisted Living Facilities Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Assisted Living Facilities Market Size Forecast by Applications
6.2.1 Adult Family Home
6.2.2 Community-Based Residential Facility
6.2.3 Residential Care Apartment Complex
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Assisted Living Facilities Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Assisted Living Facilities Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Assisted Living Facilities Analysis and Forecast
9.1 Introduction
9.2 North America Assisted Living Facilities Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Assisted Living Facilities Market Size Forecast by Type
9.6.1 Cooking
9.6.2 Personal Care
9.6.3 Housekeeping and Laundry
9.6.4 Monitoring Medication
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Assisted Living Facilities Market Size Forecast by Applications
9.10.1 Adult Family Home
9.10.2 Community-Based Residential Facility
9.10.3 Residential Care Apartment Complex
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Assisted Living Facilities Analysis and Forecast
10.1 Introduction
10.2 Europe Assisted Living Facilities Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Assisted Living Facilities Market Size Forecast by Type
10.6.1 Cooking
10.6.2 Personal Care
10.6.3 Housekeeping and Laundry
10.6.4 Monitoring Medication
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Assisted Living Facilities Market Size Forecast by Applications
10.10.1 Adult Family Home
10.10.2 Community-Based Residential Facility
10.10.3 Residential Care Apartment Complex
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Assisted Living Facilities Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Assisted Living Facilities Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Assisted Living Facilities Market Size Forecast by Type
11.6.1 Cooking
11.6.2 Personal Care
11.6.3 Housekeeping and Laundry
11.6.4 Monitoring Medication
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Assisted Living Facilities Market Size Forecast by Applications
11.10.1 Adult Family Home
11.10.2 Community-Based Residential Facility
11.10.3 Residential Care Apartment Complex
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Assisted Living Facilities Analysis and Forecast
12.1 Introduction
12.2 Latin America Assisted Living Facilities Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Assisted Living Facilities Market Size Forecast by Type
12.6.1 Cooking
12.6.2 Personal Care
12.6.3 Housekeeping and Laundry
12.6.4 Monitoring Medication
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Assisted Living Facilities Market Size Forecast by Applications
12.10.1 Adult Family Home
12.10.2 Community-Based Residential Facility
12.10.3 Residential Care Apartment Complex
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Assisted Living Facilities Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Assisted Living Facilities Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Assisted Living Facilities Market Size Forecast by Type
13.6.1 Cooking
13.6.2 Personal Care
13.6.3 Housekeeping and Laundry
13.6.4 Monitoring Medication
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Assisted Living Facilities Market Size Forecast by Applications
13.10.1 Adult Family Home
13.10.2 Community-Based Residential Facility
13.10.3 Residential Care Apartment Complex
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Assisted Living Facilities Market: Competitive Dashboard
14.2 Global Assisted Living Facilities Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens AG
14.3.2 Honeywell International Inc.
14.3.3 ABB Group
14.3.4 Panasonic Corporation
14.3.5 United Technologies Corporation
14.3.6 Assisted Living Technologies, Inc.
14.3.7 Ingersoll Rand Plc
14.3.8 Legrand S.A.
14.3.9 Gnomon Informatics Inc.
14.3.10 Televic Healthcare N.V.
14.3.11 Telbios SRL
14.3.12 Atria Senior Living
14.3.13 Brookdale Senior Living
14.3.14 Emeritus Corporation
14.3.15 Extendicare, Inc.
14.3.16 Genesis Healthcare
14.3.17 Golden Living
14.3.18 HCR Manor Care
14.3.19 Merrill Gardens
14.3.20 Sunrise Senior Living, Inc.
