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Industry Landscape
The senior living industry is experiencing significant growth driven by the aging population. It's marked by increasing demand for diverse care levels, from independent to skilled nursing. A strong focus on luxury amenities and wellness programs is catering to discerning seniors. Innovation in care models, like Life Plan Communities, and strategic real estate development are key trends.
Industries:
Total Assets Under Management (AUM)
Number of Senior Living Facilities in United States
~Over 28,000 senior living communities
(3.5% annually CAGR)
Growth is driven by: - Increasing demand from aging demographics. - Expansion of diverse care options. - New developments focusing on luxury and wellness.
Total Addressable Market
Approximately 400 billion
Market Growth Stage
Low
Medium
High
Pace of Market Growth
Accelerating
Deaccelerating