U.S. Assisted Living Facility & Neurorehabilitation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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U.S. Assisted Living Facility & Neurorehabilitation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : October, 2020 | Medical Devices | PPT format

Report Digest


U.S. Assisted Living Facility & Neurorehabilitation Market: Overview

Increasing incidence of various neurological disorders, such as Parkinson's disease, strokes, multiple sclerosis usually causes disability in terms of movement in patients. Increased prevalence of neurological diseases across the US is likely to work in favor of the U.S. assisted living facility and neurorehabilitation market over the timeframe of analysis, from 2019 to 2029.

Patients living in various types of assisted living facilities (ALFs), mostly the elderly people, look for assistance, security, and companionship with their day-to-day chores. A rising number of survivors of traumatic brain injury look for residential care and neurorehabilitation services. Increasing geriatric population in the US also seek such services for improved living. These factors are likely to support growth of the U.S. assisted living facility and neurorehabilitation market over the forecast timeframe.

Gender, age, and region are the three key parameters based on which the U.S. assisted living facility and neurorehabilitation market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

U.S. Assisted Living Facility & Neurorehabilitation Market: Notable Developments

The U.S. assisted living facility and neurorehabilitation market has borne witness to some important developments over the last few years. One such development that has played an significant role in influencing the course of the market is mentioned below:

  • In January 2020, Boston-based prominent provider of sub-acute and post-acute brain and spinal cord injury programs, NeuroRestorative has entered into a partnership with Main Line Rehabilitation Associates, Inc. The latter is a Pennsylvania-based provider of rehabilitation services to children and adults with autism, brain injuries, and other neurological diagnoses. This partnership is aimed to diversify the portfolio of NeuroRestorative’s post-acute traumatic brain injury services.

Some of the key vendors in the U.S. assisted living facility and neurorehabilitation market comprise the below-mentioned:

  • Texas Rehabilitation and Habilitation Specialists, LLC
  • NeuroRestorative Associates, Inc.
  • Moody Neurorehabilitation Institute
  • National Mentor Holdings, Inc.
  • Centre For Neuro Skills
  • Texas NeuroRehab Center

U.S. Assisted Living Facility & Neurorehabilitation  Market: Key Trends

The following drivers, restraints, and opportunities characterize U.S. assisted living facility and neurorehabilitation market over the assessment timeframe, from 2019 to 2027.

Rising Number of Traumatic Brain Injuries to Spell Growth for the Market

Rising awareness about the services in the country is likely to emerge as an important growth factor for the U.S. assisted living facility and neurorehabilitation market. In addition, a rise in the number of survivors of traumatic brain injuries coupled with growing preference of patients for various home-based services is anticipated to work in favor of the U.S. assisted living facility and neurorehabilitation market over the timeframe of analysis, from 2019 to 2027. In addition o that, the cost of assisted living facilities as compared to nursing homes is also estimated to play an important role in the development of the U.S. assisted living facility and neurorehabilitation market over the assessment timeframe.

U.S. Assisted Living Facility & Neurorehabilitation Market: Geographical Analysis

Based on geographical segmentations, the U.S. assisted living facility and neurorehabilitation market has been divided into the regions of Midwest, West, Northeast, and South. The West part of the country is likely to dominate the market owing to the increased prevalence of assisted living facilities in the region. Southern US is likely to observe considerable growth in the U.S. assisted living facility and neurorehabilitation market due to rapidly growing geriatric population.  

The U.S. assisted living facility & neurorehabilitation Market is segmented as:

Gender

  • Men
  • Women

Age

  • More than 85 years
  • 75-84 years
  • 65-74 years
  • Less than 65 years

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?