Assisted Living Market Size, Share, Trends, Forecast, & Growth Analysis

The assisted living market is likely to witness an impressive CAGR of 10.5% during the forecast period of 2023-2028. Major factors such as an increase in the geriatric population, surge in the demand for proper care of the elderly, a rising trend of nuclear families, and the increasing number of senior citizens are expected to drive the market growth during the assessment period.