Market Size -
The assisted living facility and neurorehabilitation market size has grown strongly in recent years. It will grow from $44.19 billion in 2023 to $47.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing geriatric population demands, demand for neurorehabilitation centers, gaining traction of continuing-care retirement communities, and increasing number of traumatic brain injury (TBI) survivors.
The assisted living facility and neurorehabilitation market size is expected to see strong growth in the next few years. It will grow to $64.73 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to the need for neurorehabilitation devices, rising incidence and prevalence of neurological disorders, growing income from the senior population, and the desire to live in senior housing communities for better healthcare. Major trends in the forecast period include advancements in medicine and technology, the adoption of computer-aided and electronic robotic devices, adoption of newer treatments at a fast rate, and technological advancements.
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Scope Of Assisted Living Facility And Neurorehabilitation Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Assisted Living Facility And Neurorehabilitation Market Overview
Market Drivers -
The assisted living facility and neurorehabilitation market size has grown strongly in recent years. It will grow from $44.19 billion in 2023 to $47.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing geriatric population demands, demand for neurorehabilitation centers, gaining traction of continuing-care retirement communities, and increasing number of traumatic brain injury (TBI) survivors.
The assisted living facility and neurorehabilitation market size is expected to see strong growth in the next few years. It will grow to $64.73 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to the need for neurorehabilitation devices, rising incidence and prevalence of neurological disorders, growing income from the senior population, and the desire to live in senior housing communities for better healthcare. Major trends in the forecast period include advancements in medicine and technology, the adoption of computer-aided and electronic robotic devices, adoption of newer treatments at a fast rate, and technological advancements.
Market Trends -
Major companies operating in assisted living facilities and neurorehabilitation market are focusing on technological advancements, such as smart peripheral devices, to gain a competitive edge in the market. Smart peripheral device is a hyper-sensitive controller that captures the fine grasp forces and wrist movements required for daily activities. It can detect sub-newton-level finger and hand forces, enabling treatment for even the most impaired patients. For instance, in February 2023, MindMaze, a Switzerland-based digital therapeutics company, launched Izar, a first-of-its-kind FDA-listed and CE-marked smart peripheral device for patients with impaired hand motor function. Izar is designed to fill a critical gap in neurological care and aims to be the most effective treatment for improving hand dexterity and strength in a wide range of conditions, including stroke, Parkinson's disease, Alzheimer's disease, and traumatic brain injury.
The assisted living facility and neurorehabilitation market covered in this report is segmented -
1) By Type: Women, Men
2) By Age: Less Than 65, 65-74, 75-84, More Than 85
3) By Application: Hospitals, Clinics, Personal Care, Other Applications
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Regional Insights -
North America was the largest region in the assisted living facility and neurorehabilitation market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the assisted living facility and neurorehabilitation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the assisted living facility and neurorehabilitation market are Community Health Systems Inc., Sevita Health, Encompass Health Corporation, Kindred Healthcare LLC, Brookdale Senior Living, Atria Senior Living Inc., SCA Health, Belmont VillAge L.P., Aegis Living, Craig Hospital, NeuroRestorative, Centre For Neuro Skills, Bioness Inc., Texas NeuroRehab Center, Catholic Eldercare, Moody Neurorehabilitation Institute, ResCare Inc., Sukino Healthcare Solutions Pvt. Ltd., TeamHealth, Mary Lee Foundation, Sanctus Rehabilitation Care Foundation
Table of Contents
1. Executive Summary
2. Assisted Living Facility And Neurorehabilitation Market Characteristics
3. Assisted Living Facility And Neurorehabilitation Market Trends And Strategies
4. Assisted Living Facility And Neurorehabilitation Market - Macro Economic Scenario
5. Global Assisted Living Facility And Neurorehabilitation Market Size and Growth
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31. Assisted Living Facility And Neurorehabilitation Market Other Major And Innovative Companies
32. Global Assisted Living Facility And Neurorehabilitation Market Competitive Benchmarking
33. Global Assisted Living Facility And Neurorehabilitation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Assisted Living Facility And Neurorehabilitation Market
35. Assisted Living Facility And Neurorehabilitation Market Future Outlook and Potential Analysis
36.Appendix
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