Research Report: Assisted Living Market to Grow Over 5% Per Year Through 2029

by Jeff Shaw

DUBLIN — The U.S. assisted living market is experiencing robust growth, driven by several factors including the increasing number of baby boomers, a rising aging population, higher healthcare expenditure, and a growing preference for independent living. The market is currently characterized by substantial activity, with a promising outlook for the future.

A recent report from valued the U.S. assisted living market at $97.6 billion in 2022 and predicted it will reach $133.4 billion by 2029 with a compound annual growth rate (CAGR) of 5.35 percent.

The report — titled “US Assisted Living Facilities Market – Focused Insights 2023-2028” — singled out Western markets as the fastest growing, accounting for 41.1 percent of the country’s market. is a Dublin-based source for international market research reports and market data. To view the full report, click here.

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