U.S. Assisted Living Facility Market Size is expected to reach USD 121.2 billion by 2026
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. Download Free PDF Sample - https://www.radiantinsights.com/research/us-assisted-living-facility-market/request-sample 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 p...