Assisted Living Market Growing Popularity and Emerging Trends in the Industry Analysis by Key Players
The objective of the report is to highlight the factor affecting the demand and sales of the Assisted Living Market across the healthcare industry.
Assisted Living is for the older grownup who wishes to live separately after their retirement. But older individuals require some help to carry out a couple of of the day-to-day activities such as dressing, bathing, medication suggestion and transport which is offered under the assisted living. Older individuals have the liberty to live their own suites and buddy under the nursing home. Another home tasks such as cooking and laundry are likewise consisted of under the assisted center.
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Living areas such as specific spaces, homes, and a shared quarter are offered by the assisted living business to older individuals. Assisted living centers are typically home-like setting and are physically developed to promote the local’s self-reliance. Companies who supply the nursing home sign a contract contract with the person that lodging, individual care, health care and service assistance. This contract of assisted living likewise consisted of the time duration of contact and expense of service fee by the service offered.
Report Benefits & Key Questions Answered
- Assisted Living Historical Market Outlook: The market intelligence survey report discloses the demand and sales projections of Assisted Living over the last forecast period 2016 to 2020.
- Post Impact of COVID on the Assisted Living Market: The pharmaceutical industry has been largely influenced by COVID-19 pandemic. The Fact.MR market survey assesses how current trends that will influence expenditure on Assisted Living, thus affecting the market growth.
- Assisted Living Market Trend Analysis: The report provides in-depth overview of the past, recent, and upcoming trends in the Assisted Living market to assist the businesses to formulate their strategies for expansion.
- Assisted Living Category & Segment Level Analysis: Fact.MR’s category & segment level analysis provides insights into Assisted Living sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level
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Assisted Living Market: Segmentation
The international Assisted Living market is categorized on the basis of service type, center type, and area.
Based on service type Assisted Living market is segmented into following:
- Personal Care (Bathing and Dressing)
- Housekeeping and Laundry
- Monitoring Medication
Based on center type Assisted Living market is segmented into following:
- Adult Family Home
- Community-Based Residential Facility
- Residential Care Apartment Complex
- Assisted Living Market: Overview
The assisted living market is anticipated to acquire the supreme traction over the projection duration due to the increasing number of geriatric population. According to the United Nations, in 2017 there were 962 million individuals with above 60 aged are residing in the world. It was approximated that presently 13% of world population is geriatric and it is forecasted that around 25% of the world population will be geriatric by 2050. During the older age, the possibility of cardiovascular disease, orthopedic condition, diabetes, and others illness are really high requirement individual care towards the person. Complete attention towards the person is offered in the assisted living which has actually increased its value for senior care.
Assisted Living Market: Regional Overview
North America is the most lucurative market for assisted living due to high adoption of assisted living amongst the geriatric population in the U.S. and Canada. Europe is the 2nd most financially rewarding area for the assisted living market due to the schedule of beneficial compensation circumstance in the bulk of European nations. Asia-Pacific is the fastest growing area for assisted living market owing to a high population of older individuals in counties like in India, China, and Japan. Latin America and the Middle East Africa area are the least financially rewarding for assisted living market due to absence of awareness and unaffordability amongst the geriatric population about the assisted living.
Assisted Living Market: Key Players
Some of the key players discovered throughout the worth chain of Assisted Living 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, Inc., Merrill Gardens, Sunrise Senior Living, Inc.
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