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The senior living market size is forecast to increase by USD 127.37 billion at a CAGR of 5.9% between 2023 and 2028. The market is experiencing significant growth due to the aging baby boomer population and increasing technological advances in long-term healthcare. Non-metro cities are becoming attractive destinations for senior living due to their open spaces, low population densities, and comfortable lifestyle. Healthcare providers are increasingly adopting a hybrid model of healthcare and hospitality to cater to the diverse needs of seniors. Assisted-care homes, independent living, and skilled nursing care are popular options for seniors, with outright purchases and leases being common financing methods. Staffing and workplace challenges persist, requiring innovative solutions to ensure quality care and a positive work environment. The market is expected to continue growing, driven by demographic trends and technological innovations.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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