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Senior Living Market in the US 2025-2029

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    Report

  • 152 Pages
  • March 2025
  • Region: United States
  • TechNavio
  • ID: 6091490
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The senior living market in the US is forecasted to grow by USD 30.58 billion during 2024-2029, accelerating at a CAGR of 5.9% during the forecast period. The report on the senior living market in the US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by aging population, changing lifestyles and preferences among senior citizens, and increased life expectancy.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The senior living market in the US is segmented as below:

By Service Type

  • Assisted living
  • Independent living
  • CCRC

By Age Group

  • Age 85 and older
  • Age 66-84
  • Age 65 and under

By Geographical Landscape

  • North America
This study identifies the technology integration as one of the prime reasons driving the senior living market in the US growth during the next few years. Also, rising popularity of retirement villages and focus on expansion of senior living facilities will lead to sizable demand in the market.

The report on the senior living market in the US covers the following areas:

  • Senior Living Market in the US sizing
  • Senior Living Market in the US forecast
  • Senior Living Market in the US industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading senior living market in the US vendors that include AbsoluteCare, Affinity Living Communities, Atria Senior Living Inc., Avila Senior Living, Belmont Village Senior Living, Brookdale Senior Living Inc., Covenant Living Communities and Services, Discovery Senior Living, Erickson Senior Living Management LLC, Five Star Senior Living, Genesis Healthcare Inc., Golden Heights Personal Care Home, Lendlease Corp. Ltd., Life Care Centers of America Inc., Life Care Services, Merrill Gardens, ProMedica Health Systems Inc., Senior Lifestyle, Sunrise Senior Living LLC, and Wickshire Senior Living. Also, the senior living market in the US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Service Type
Executive Summary - Chart on Market Segmentation by Age Group
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US: Year-over-year growth 2024-2029 (%)
Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Senior Living Market in US 2019 - 2023
Historic Market Size - Data Table on Senior Living Market in US 2019 - 2023 ($ million)
5.2 Service Type segment analysis 2019 - 2023
Historic Market Size - Service Type Segment 2019 - 2023 ($ million)
5.3 Age Group segment analysis 2019 - 2023
Historic Market Size - Age Group Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on Senior Living Market in US
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Service Type
8.1 Market segments
Chart on Service Type - Market share 2024-2029 (%)
Data Table on Service Type - Market share 2024-2029 (%)
8.2 Comparison by Service Type
Chart on Comparison by Service Type
Data Table on Comparison by Service Type
8.3 Assisted living - Market size and forecast 2024-2029
Chart on Assisted living - Market size and forecast 2024-2029 ($ million)
Data Table on Assisted living - Market size and forecast 2024-2029 ($ million)
Chart on Assisted living - Year-over-year growth 2024-2029 (%)
Data Table on Assisted living - Year-over-year growth 2024-2029 (%)
8.4 Independent living - Market size and forecast 2024-2029
Chart on Independent living - Market size and forecast 2024-2029 ($ million)
Data Table on Independent living - Market size and forecast 2024-2029 ($ million)
Chart on Independent living - Year-over-year growth 2024-2029 (%)
Data Table on Independent living - Year-over-year growth 2024-2029 (%)
8.5 CCRC - Market size and forecast 2024-2029
Chart on CCRC - Market size and forecast 2024-2029 ($ million)
Data Table on CCRC - Market size and forecast 2024-2029 ($ million)
Chart on CCRC - Year-over-year growth 2024-2029 (%)
Data Table on CCRC - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Service Type
Market opportunity by Service Type ($ million)
Data Table on Market opportunity by Service Type ($ million)
9 Market Segmentation by Age Group
9.1 Market segments
Chart on Age Group - Market share 2024-2029 (%)
Data Table on Age Group - Market share 2024-2029 (%)
9.2 Comparison by Age Group
Chart on Comparison by Age Group
Data Table on Comparison by Age Group
9.3 Age 85 and older - Market size and forecast 2024-2029
Chart on Age 85 and older - Market size and forecast 2024-2029 ($ million)
Data Table on Age 85 and older - Market size and forecast 2024-2029 ($ million)
Chart on Age 85 and older - Year-over-year growth 2024-2029 (%)
Data Table on Age 85 and older - Year-over-year growth 2024-2029 (%)
9.4 Age 66-84 - Market size and forecast 2024-2029
Chart on Age 66-84 - Market size and forecast 2024-2029 ($ million)
Data Table on Age 66-84 - Market size and forecast 2024-2029 ($ million)
Chart on Age 66-84 - Year-over-year growth 2024-2029 (%)
Data Table on Age 66-84 - Year-over-year growth 2024-2029 (%)
9.5 Age 65 and under - Market size and forecast 2024-2029
Chart on Age 65 and under - Market size and forecast 2024-2029 ($ million)
Data Table on Age 65 and under - Market size and forecast 2024-2029 ($ million)
Chart on Age 65 and under - Year-over-year growth 2024-2029 (%)
Data Table on Age 65 and under - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by Age Group
Market opportunity by Age Group ($ million)
Data Table on Market opportunity by Age Group ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 AbsoluteCare
AbsoluteCare - Overview
AbsoluteCare - Product / Service
AbsoluteCare - Key offerings
SWOT
13.5 Affinity Living Communities
Affinity Living Communities - Overview
Affinity Living Communities - Product / Service
Affinity Living Communities - Key offerings
SWOT
13.6 Atria Senior Living Inc.
Atria Senior Living Inc. - Overview
Atria Senior Living Inc. - Product / Service
Atria Senior Living Inc. - Key offerings
SWOT
13.7 Belmont Village Senior Living
Belmont Village Senior Living - Overview
Belmont Village Senior Living - Product / Service
Belmont Village Senior Living - Key offerings
SWOT
13.8 Brookdale Senior Living Inc.
Brookdale Senior Living Inc. - Overview
Brookdale Senior Living Inc. - Business segments
Brookdale Senior Living Inc. - Key offerings
Brookdale Senior Living Inc. - Segment focus
SWOT
13.9 Covenant Living Communities and Services
Covenant Living Communities and Services - Overview
Covenant Living Communities and Services - Product / Service
Covenant Living Communities and Services - Key offerings
SWOT
13.10 Erickson Senior Living Management LLC
Erickson Senior Living Management LLC - Overview
Erickson Senior Living Management LLC - Product / Service
Erickson Senior Living Management LLC - Key offerings
SWOT
13.11 Genesis Healthcare Inc.
Genesis Healthcare Inc. - Overview
Genesis Healthcare Inc. - Product / Service
Genesis Healthcare Inc. - Key offerings
SWOT
13.12 Golden Heights Personal Care Home
Golden Heights Personal Care Home - Overview
Golden Heights Personal Care Home - Product / Service
Golden Heights Personal Care Home - Key offerings
SWOT
13.13 Lendlease Corp. Ltd.
Lendlease Corp. Ltd. - Overview
Lendlease Corp. Ltd. - Business segments
Lendlease Corp. Ltd. - Key offerings
Lendlease Corp. Ltd. - Segment focus
SWOT
13.14 Life Care Centers of America Inc.
Life Care Centers of America Inc. - Overview
Life Care Centers of America Inc. - Product / Service
Life Care Centers of America Inc. - Key offerings
SWOT
13.15 Life Care Services
Life Care Services - Overview
Life Care Services - Product / Service
Life Care Services - Key offerings
SWOT
13.16 Merrill Gardens
Merrill Gardens - Overview
Merrill Gardens - Product / Service
Merrill Gardens - Key offerings
SWOT
13.17 ProMedica Health Systems Inc.
ProMedica Health Systems Inc. - Overview
ProMedica Health Systems Inc. - Product / Service
ProMedica Health Systems Inc. - Key offerings
SWOT
13.18 Sunrise Senior Living LLC
Sunrise Senior Living LLC - Overview
Sunrise Senior Living LLC - Product / Service
Sunrise Senior Living LLC - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Service Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Age Group
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 18: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 19: Chart on US: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on US: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Senior Living Market in US 2019 - 2023 ($ million)
Exhibits 22: Historic Market Size - Service Type Segment 2019 - 2023 ($ million)
Exhibits 23: Historic Market Size - Age Group Segment 2019 - 2023 ($ million)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Service Type - Market share 2024-2029 (%)
Exhibits 32: Data Table on Service Type - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Service Type
Exhibits 34: Data Table on Comparison by Service Type
Exhibits 35: Chart on Assisted living - Market size and forecast 2024-2029 ($ million)
Exhibits 36: Data Table on Assisted living - Market size and forecast 2024-2029 ($ million)
Exhibits 37: Chart on Assisted living - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Assisted living - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Independent living - Market size and forecast 2024-2029 ($ million)
Exhibits 40: Data Table on Independent living - Market size and forecast 2024-2029 ($ million)
Exhibits 41: Chart on Independent living - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Independent living - Year-over-year growth 2024-2029 (%)
Exhibits 43: Chart on CCRC - Market size and forecast 2024-2029 ($ million)
Exhibits 44: Data Table on CCRC - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Chart on CCRC - Year-over-year growth 2024-2029 (%)
Exhibits 46: Data Table on CCRC - Year-over-year growth 2024-2029 (%)
Exhibits 47: Market opportunity by Service Type ($ million)
Exhibits 48: Data Table on Market opportunity by Service Type ($ million)
Exhibits 49: Chart on Age Group - Market share 2024-2029 (%)
Exhibits 50: Data Table on Age Group - Market share 2024-2029 (%)
Exhibits 51: Chart on Comparison by Age Group
Exhibits 52: Data Table on Comparison by Age Group
Exhibits 53: Chart on Age 85 and older - Market size and forecast 2024-2029 ($ million)
Exhibits 54: Data Table on Age 85 and older - Market size and forecast 2024-2029 ($ million)
Exhibits 55: Chart on Age 85 and older - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Age 85 and older - Year-over-year growth 2024-2029 (%)
Exhibits 57: Chart on Age 66-84 - Market size and forecast 2024-2029 ($ million)
Exhibits 58: Data Table on Age 66-84 - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Chart on Age 66-84 - Year-over-year growth 2024-2029 (%)
Exhibits 60: Data Table on Age 66-84 - Year-over-year growth 2024-2029 (%)
Exhibits 61: Chart on Age 65 and under - Market size and forecast 2024-2029 ($ million)
Exhibits 62: Data Table on Age 65 and under - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Chart on Age 65 and under - Year-over-year growth 2024-2029 (%)
Exhibits 64: Data Table on Age 65 and under - Year-over-year growth 2024-2029 (%)
Exhibits 65: Market opportunity by Age Group ($ million)
Exhibits 66: Data Table on Market opportunity by Age Group ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2024 and 2029
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Company ranking index
Exhibits 74: Matrix on companies position and classification
Exhibits 75: AbsoluteCare - Overview
Exhibits 76: AbsoluteCare - Product / Service
Exhibits 77: AbsoluteCare - Key offerings
Exhibits 78: SWOT
Exhibits 79: Affinity Living Communities - Overview
Exhibits 80: Affinity Living Communities - Product / Service
Exhibits 81: Affinity Living Communities - Key offerings
Exhibits 82: SWOT
Exhibits 83: Atria Senior Living Inc. - Overview
Exhibits 84: Atria Senior Living Inc. - Product / Service
Exhibits 85: Atria Senior Living Inc. - Key offerings
Exhibits 86: SWOT
Exhibits 87: Belmont Village Senior Living - Overview
Exhibits 88: Belmont Village Senior Living - Product / Service
Exhibits 89: Belmont Village Senior Living - Key offerings
Exhibits 90: SWOT
Exhibits 91: Brookdale Senior Living Inc. - Overview
Exhibits 92: Brookdale Senior Living Inc. - Business segments
Exhibits 93: Brookdale Senior Living Inc. - Key offerings
Exhibits 94: Brookdale Senior Living Inc. - Segment focus
Exhibits 95: SWOT
Exhibits 96: Covenant Living Communities and Services - Overview
Exhibits 97: Covenant Living Communities and Services - Product / Service
Exhibits 98: Covenant Living Communities and Services - Key offerings
Exhibits 99: SWOT
Exhibits 100: Erickson Senior Living Management LLC - Overview
Exhibits 101: Erickson Senior Living Management LLC - Product / Service
Exhibits 102: Erickson Senior Living Management LLC - Key offerings
Exhibits 103: SWOT
Exhibits 104: Genesis Healthcare Inc. - Overview
Exhibits 105: Genesis Healthcare Inc. - Product / Service
Exhibits 106: Genesis Healthcare Inc. - Key offerings
Exhibits 107: SWOT
Exhibits 108: Golden Heights Personal Care Home - Overview
Exhibits 109: Golden Heights Personal Care Home - Product / Service
Exhibits 110: Golden Heights Personal Care Home - Key offerings
Exhibits 111: SWOT
Exhibits 112: Lendlease Corp. Ltd. - Overview
Exhibits 113: Lendlease Corp. Ltd. - Business segments
Exhibits 114: Lendlease Corp. Ltd. - Key offerings
Exhibits 115: Lendlease Corp. Ltd. - Segment focus
Exhibits 116: SWOT
Exhibits 117: Life Care Centers of America Inc. - Overview
Exhibits 118: Life Care Centers of America Inc. - Product / Service
Exhibits 119: Life Care Centers of America Inc. - Key offerings
Exhibits 120: SWOT
Exhibits 121: Life Care Services - Overview
Exhibits 122: Life Care Services - Product / Service
Exhibits 123: Life Care Services - Key offerings
Exhibits 124: SWOT
Exhibits 125: Merrill Gardens - Overview
Exhibits 126: Merrill Gardens - Product / Service
Exhibits 127: Merrill Gardens - Key offerings
Exhibits 128: SWOT
Exhibits 129: ProMedica Health Systems Inc. - Overview
Exhibits 130: ProMedica Health Systems Inc. - Product / Service
Exhibits 131: ProMedica Health Systems Inc. - Key offerings
Exhibits 132: SWOT
Exhibits 133: Sunrise Senior Living LLC - Overview
Exhibits 134: Sunrise Senior Living LLC - Product / Service
Exhibits 135: Sunrise Senior Living LLC - Key offerings
Exhibits 136: SWOT
Exhibits 137: Inclusions checklist
Exhibits 138: Exclusions checklist
Exhibits 139: Currency conversion rates for US$
Exhibits 140: Research methodology
Exhibits 141: Information sources
Exhibits 142: Data validation
Exhibits 143: Validation techniques employed for market sizing
Exhibits 144: Data synthesis
Exhibits 145: 360 degree market analysis
Exhibits 146: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the senior living market in us: AbsoluteCare, Affinity Living Communities, Atria Senior Living Inc., Avila Senior Living, Belmont Village Senior Living, Brookdale Senior Living Inc., Covenant Living Communities and Services, Discovery Senior Living, Erickson Senior Living Management LLC, Five Star Senior Living, Genesis Healthcare Inc., Golden Heights Personal Care Home, Lendlease Corp. Ltd., Life Care Centers of America Inc., Life Care Services, Merrill Gardens, ProMedica Health Systems Inc., Senior Lifestyle, Sunrise Senior Living LLC, and Wickshire Senior Living.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technology integration."

According to the report, one of the major drivers for this market is the aging population.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • AbsoluteCare
  • Affinity Living Communities
  • Atria Senior Living Inc.
  • Avila Senior Living
  • Belmont Village Senior Living
  • Brookdale Senior Living Inc.
  • Covenant Living Communities and Services
  • Discovery Senior Living
  • Erickson Senior Living Management LLC
  • Five Star Senior Living
  • Genesis Healthcare Inc.
  • Golden Heights Personal Care Home
  • Lendlease Corp. Ltd.
  • Life Care Centers of America Inc.
  • Life Care Services
  • Merrill Gardens
  • ProMedica Health Systems Inc.
  • Senior Lifestyle
  • Sunrise Senior Living LLC
  • Wickshire Senior Living

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