How many people live in nursing homes? As of 2024, there were around 1.2 million residents in nursing homes across the United States. The states with the highest numbers of residents in certified nursing facilities were, by far, California and New York, with over 99,000 and 98,000 residents, respectively. On the other hand, Alaska had the lowest number of nursing home residents. Occupancy rates and recovery The COVID-19 pandemic significantly impacted nursing home occupancy rates nationwide. Prior to the pandemic, the median occupancy rate for skilled nursing facilities hovered around 80 percent. However, this figure plummeted to 67 percent by 2021. As of July 2024, occupancy rates for certified nursing homes have begun to recover, reaching 77 percent. This gradual increase suggests a slow but steady return to pre-pandemic levels. Quality concerns and financial penalties Despite the crucial role nursing homes play, quality issues persist in some facilities. In 2024, Aspen Point Health and Rehabilitation in Missouri faced 208 substantiated complaints, the highest number nationwide. Financial penalties for serious violations can be severe, as evidenced by the 1.41 million U.S. dollar fine imposed on Siesta Key Health And Rehabilitation Center in Florida over a three-year period. These cases underscore the ongoing challenges in maintaining high standards of care across the industry.

In 2020, nursing home residents in the United States were mostly *****, ************, ****** and over the age of ** years. The gender distribution was roughly six women to four men. Despite a ***** of residents being over 85 years, some ** percent were under the age of 65 years.

This graph shows the distribution of nursing home residents in the U.S. in 2014, by ethnicity. In the year 2014, around 78 percent of all nursing home residents were white, while 5.3 percent were Hispanic or Latino.

The United States senior living market, valued at $112.93 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 5.86% from 2025 to 2033. This expansion is fueled by several key drivers. The aging population, particularly the baby boomer generation, is a significant factor, creating an increasing demand for assisted living, independent living, memory care, and nursing care facilities. Furthermore, rising disposable incomes and increasing awareness of the benefits of senior living communities contribute to market growth. Technological advancements in senior care, such as telehealth and remote monitoring, are also enhancing the quality of life for residents and boosting market appeal. However, the market faces some restraints, including the rising costs of healthcare and senior care services, potentially limiting accessibility for some segments of the population. Furthermore, staffing shortages within the industry represent a significant challenge. The market is segmented by property type, with assisted living, independent living, and memory care facilities representing the largest segments. Key states driving market growth include New York, Illinois, California, North Carolina, and Washington, reflecting higher concentrations of the senior population and higher disposable incomes. Major players in the market such as Ensign Group Inc, Sunrise Senior Living, Brookdale Senior Living Inc, and Atria Senior Living Inc, compete fiercely, driving innovation and service improvements. The forecast period (2025-2033) anticipates continued growth, driven by the ongoing demographic shifts and increased demand for high-quality senior care options. Strategic partnerships, acquisitions, and investments in technology are likely to shape the competitive landscape in the coming years. The industry will continue to adapt to meet the evolving needs of the aging population, focusing on personalized care, innovative technologies, and cost-effective solutions. This comprehensive report provides an in-depth analysis of the booming United States senior living market, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period spanning 2025-2033, this report is an invaluable resource for investors, industry professionals, and anyone seeking to understand the dynamics of this rapidly evolving sector. The report leverages extensive data analysis to provide insightful projections and uncover key trends shaping the future of senior care in the US. Expect detailed breakdowns of key segments, including assisted living, independent living, memory care, and nursing care, across major states like California, New York, Illinois, North Carolina, and Washington. Recent developments include: July 2023: Spring Cypress senior living site expansion is set to open at the end of 2024 and will consist of three phases. The first phase of the expansion will include 19 independent-living, two-bedroom cottages. The second phase will include 24 townhomes. The third phase will feature 95 apartments. The final phase will feature a resort with several luxury amenities., Apr 2023: For seniors looking for innovative, high-quality care, Avista Senior Living is transitioning away from its SafelyYou partnership to empower safer, more personalized dementia care with real-time, AI video and remote clinical experts 24/7.. Key drivers for this market are: 4., Increase in Aging Population Driving the Market4.; Healthcare and Long-term Care Needs Driving the Market. Potential restraints include: 4., High Affordability and Cost of Care Affecting the Market4.; Staffing and Workforce Challenges Affecting the Market. Notable trends are: Senior Housing Witnessing Increased Demand.

Statistics Canada, in collaboration with the Public Health Agency of Canada and Natural Resources Canada, is presenting selected Census data to help inform Canadians on the public health risk of the COVID-19 pandemic and to be used for modelling analysis. The data provided here show the counts of the population in nursing homes and/or residences for senior citizens by broad age groups (0 to 79 years and 80 years and over) and sex, from the 2016 Census. Nursing homes and/or residences for senior citizens are facilities for elderly residents that provide accommodations with health care services or personal support or assisted living care. Health care services include professional health monitoring and skilled nursing care and supervision 24 hours a day, 7 days a week, for people who are not independent in most activities of daily living. Support or assisted living care services include meals, housekeeping, laundry, medication supervision, assistance in bathing or dressing, etc., for people who are independent in most activities of daily living. Included are nursing homes, residences for senior citizens, and facilities that are a mix of both a nursing home and a residence for senior citizens. Excluded are facilities licensed as hospitals, and facilities that do not provide any services (which are considered private dwellings).

Statistics Canada, in collaboration with the Public Health Agency of Canada and Natural Resources Canada, is presenting selected Census data to help inform Canadians on the public health risk of the COVID-19 pandemic and to be used for modelling analysis. The data provided here show the counts of the population in nursing homes and/or residences for senior citizens by broad age groups (0 to 79 years and 80 years and over) and sex, from the 2016 Census. Nursing homes and/or residences for senior citizens are facilities for elderly residents that provide accommodations with health care services or personal support or assisted living care. Health care services include professional health monitoring and skilled nursing care and supervision 24 hours a day, 7 days a week, for people who are not independent in most activities of daily living. Support or assisted living care services include meals, housekeeping, laundry, medication supervision, assistance in bathing or dressing, etc., for people who are independent in most activities of daily living. Included are nursing homes, residences for senior citizens, and facilities that are a mix of both a nursing home and a residence for senior citizens. Excluded are facilities licensed as hospitals, and facilities that do not provide any services (which are considered private dwellings).

Nursing homes with residents positive for COVID-19 from 4/22/2020 to 6/19/2020. Starting in July 2020, this dataset will no longer be updated and will be replaced by the CMS COVID-19 Nursing Home Dataset, available at the following link: https://data.ct.gov/Health-and-Human-Services/CMS-COVID-19-Nursing-Home-Dataset/w8wc-65i5. Methods: 1) Laboratory-confirmed case counts are based upon data reported via the FLIS web portal. Nursing homes were asked to provide cumulative totals of residents with laboratory confirmed covid. This includes residents currently in-house, in the hospital, or who are deceased. Residents were excluded if they tested positive prior to initial admission to the nursing home. 2) The cumulative number of deaths among nursing home residents is based upon data reported by the Office of the Chief Medical Examiner. For public health surveillance, COVID-19-associated deaths include persons who tested positive for COVID-19 around the time of death (laboratory-confirmed) and persons whose death certificate lists COVID-19 disease as a cause of death or a significant condition contributing to death (probable). Limitations: 1) As of the week of 5/10/20, Point Prevalence Survey testing is being offered to all asymptomatic nursing home residents to inform infection prevention efforts. Point prevalence surveys will be conducted over a period of several weeks. Some nursing homes had adequate testing resources available to conduct surveys prior to this date. Differences in survey timing will impact the number of positive results that a nursing home reports. 2) Cumulative totals of residents testing positive are being collected rather than individual resident data. Thus we cannot verify the counts, de-duplicate, and/or verify whether there is a record of a positive lab test. This may result in either under- or over-counting. 3) The number of COVID-19 positive residents and the number of confirmed deaths among residents are tabulated from different data sources. Due to the timing of availability of test results for deceased residents, it is not appropriate to calculate the percent of cases who died due to COVID-19 at any particular facility based upon this data. 4) The count of deaths reported for 4/14 are not included in this dataset, as they were not broken out by laboratory-confirmed or probable. They can be viewed in the DPH Report here: https://portal.ct.gov/-/media/Coronavirus/CTDPHCOVID19summary4162020.pdf?la=en

Graph and download economic data for All Employees, Nursing and Residential Care Facilities (CES6562300001) from Jan 1990 to Jun 2025 about nursing homes, nursing, health, establishment survey, residential, education, services, employment, and USA.

The commercial nursing home market, encompassing day care, full-day escort services catering to the elderly and post-operative recovery needs, is experiencing robust growth. While the provided data lacks a precise CAGR and a 2025 market size, a reasonable estimation can be made based on industry trends. Considering the aging global population and increasing demand for post-operative care, a conservative estimate places the 2025 market size at approximately $250 billion USD. This figure reflects the significant investments in senior care infrastructure and the growing acceptance of professional elder care services. Market drivers include an aging population in developed and developing nations, increasing prevalence of chronic diseases necessitating long-term care, and rising disposable incomes enabling access to higher quality care. Trends point towards a shift towards specialized care models, technological integration (e.g., telehealth), and a focus on person-centered care. While constraints such as regulatory hurdles and varying reimbursement policies across regions exist, the overall market outlook remains positive, with a projected CAGR of 5-7% from 2025 to 2033. This growth is expected to be driven by continued expansion in Asia-Pacific and North America, regions with significant aging populations and increasing healthcare spending. The market is segmented based on service type (day care, full-day escort) and application (elderly care, post-operative recovery, others). The elderly care segment is currently the largest, reflecting the growing need for assisted living and nursing home facilities as populations age. The post-operative recovery segment shows substantial promise driven by the increasing number of surgical procedures. Key players in this market, including Visiting Angels, Columbia Pacific Management Co., and others listed, are strategically investing in expanding their service offerings and geographic reach to capitalize on these market trends. This is achieved through mergers, acquisitions and expanding into new care models and technologies to remain competitive within this growing landscape. The competitive landscape is diverse, with both large multinational corporations and smaller, specialized providers vying for market share.

The Nursing Home Weekly Bed Census: Last Submission data is the most current nursing home data available. Available bed and occupancy information is self-reported and is not audited by the Department of Health.

The Department of Health requires nursing homes to complete electronic filing of each facility's licensed nursing home beds and availability by bed category on a weekly basis. This dataset is refreshed monthly.

Chain Nursing Home Market Outlook

In 2023, the global market size for chain nursing homes was valued at approximately $300 billion and is projected to reach around $550 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 6.5%. The significant growth of this market is primarily driven by the increasing aging population, rising incidences of chronic diseases, and the growing demand for long-term care services.

The aging global population stands as one of the most critical growth factors for the chain nursing home market. As life expectancy increases, so does the proportion of elderly individuals requiring specialized care. The Baby Boomer generation, in particular, is entering an age where the need for comprehensive care facilities becomes more pronounced. This demographic trend is resulting in an escalating demand for nursing home services, propelling market growth. Additionally, the increasing prevalence of chronic diseases, such as Alzheimer's, diabetes, and cardiovascular diseases, necessitates the need for continuous medical and supportive care, which chain nursing homes are well-equipped to provide.

Another significant driver is the increasing awareness and importance of specialized healthcare services. Families and individuals are becoming more informed about the benefits of professional care provided in nursing homes. These facilities offer not only medical care but also a variety of therapies, social activities, and a structured environment that can improve the quality of life for residents. Moreover, the integration of advanced technologies such as telemedicine and electronic health records in nursing homes enhances patient care and operational efficiency, attracting more residents and investors to this sector.

The economic factors also play a crucial role in the market's growth. Government initiatives and funding to support the elderly population, along with favorable healthcare policies, are further boosting the demand for chain nursing homes. Countries are recognizing the need for adequate long-term care infrastructure to support their aging populations and are thus increasing investments in this sector. Additionally, the growth of private insurance coverage for long-term care and the availability of various payment models make these services more accessible to a broader segment of the population.

Regionally, North America holds a significant share of the chain nursing home market due to its advanced healthcare infrastructure, high elderly population, and strong economic conditions. Europe follows closely, driven by similar demographic trends and healthcare policies. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributable to its large aging population, improving healthcare infrastructure, and increasing disposable incomes. Latin America and the Middle East & Africa also present growth opportunities due to their developing healthcare systems and increasing focus on elderly care.

Service Type Analysis

The chain nursing home market is segmented by service type into skilled nursing care, assisted living, independent living, memory care, and others. Skilled nursing care is a critical segment that provides 24-hour medical attention and assistance with daily activities. These facilities employ licensed nurses and healthcare professionals to manage complex medical conditions, post-surgical care, and rehabilitation. The demand for skilled nursing care is on the rise due to the increasing incidence of chronic illnesses and the need for post-hospitalization care, which drives the growth of this segment.

Assisted living facilities cater to individuals who require help with daily activities but do not need intensive medical care. This segment has seen substantial growth due to the increasing preference for a blend of independence and support among the elderly. Assisted living facilities often offer personalized care plans, social activities, and a comfortable living environment, making them a popular choice for seniors who want to maintain a certain level of autonomy while having access to necessary support services.

Independent living facilities are designed for seniors who are capable of living independently but prefer the convenience and security of a community setting. These facilities typically offer various amenities such as housekeeping, dining, and recreational activities. The growing trend of active aging and the desire for a community-oriented lifestyle are major factors driving the growth of the independent living segment. Additi

The global nursing home market for the elderly is experiencing robust growth, driven by an aging global population and increasing prevalence of age-related diseases requiring long-term care. The market's expansion is further fueled by rising disposable incomes in developing economies, enabling greater access to quality senior care services. While the precise market size in 2025 is unavailable, a logical estimation based on typical growth rates within the healthcare sector and considering the significant market value already established, would place the 2025 market size at approximately $500 billion. Assuming a conservative Compound Annual Growth Rate (CAGR) of 5% (a figure reflective of similar healthcare sectors), the market is projected to reach approximately $700 billion by 2033. This growth trajectory is anticipated despite potential constraints such as fluctuating healthcare regulations across different regions and the persistent challenge of recruiting and retaining qualified nursing staff. The market is segmented by application (old-age care, post-operative recovery, others) and by type of care (day care, full-day escort), presenting diverse opportunities for investors and providers. Regions like North America and Europe currently dominate market share, given established healthcare infrastructure and a larger elderly population, but significant growth is projected for regions in Asia Pacific (particularly China and India) due to rapid economic development and an expanding elderly population. The success of nursing home providers hinges on several key factors: the quality of care offered, the adoption of advanced technologies (telehealth, monitoring systems) to improve efficiency and patient outcomes, and the ability to manage the costs associated with providing high-quality care while navigating evolving regulatory landscapes. Strategic partnerships, expansion into underserved markets, and the development of innovative care models (e.g., specialized care for dementia patients) represent further avenues for growth within this rapidly expanding market. The competitive landscape includes both large multinational corporations and smaller regional providers, with increasing consolidation and mergers expected as the market matures. Ultimately, the future of this sector hinges on effectively meeting the increasing demand for quality elder care while addressing the economic and operational challenges inherent in this critical area of healthcare.

The nursing facility industry faces dynamic challenges and opportunities as it adapts to emerging trends and changing demographics. Recent performance indicates rising costs and demands because of an aging population and regulatory pressures. Labor shortages complicate operations, compelling facilities to offer higher wages to attract skilled staff. Financial pressures escalate with increased spending on modern technology and regulatory compliance. Despite the strains, some facilities innovate by incorporating telehealth and specialized services to attract privately insured residents and those on government programs. This strategic approach helps balance operational challenges with potential growth opportunities as demand continues. Revenue grew at a CAGR of 1.4% through 2025, projected to reach $167.5 billion in 2025 with a 3.5% revenue increase. Over the last five years, profitability in nursing facilities has been challenging, shaped by intricate factors such as cost structure and reimbursement rates. Wage expenses represent a substantial financial burden driven by labor shortages and regulatory mandates. Facilities must manage escalating costs in food, medications and supplies while dealing with rising rent expenses and the need for advanced technology. Despite these financial strains, high occupancy rates contribute to higher profitability. Facilities prioritize private insurance patients for better reimbursement rates yet must rely on government-funded residents in certain regions. The blend of innovative care models, careful resource management and strategic financial partnerships underpins the industry's ability to remain viable and competitive. The coming five years bring anticipated growth fueled by demographic shifts and evolving care models. Increased occupancy is expected as the older adult population expands, providing new revenue prospects. Facilities will likely see a broader demand for varied care models, necessitating enhancements in infrastructure and personalized services. With potential funding increases from Medicare and Medicaid, there are opportunities for investment in staff training and specialized care. Consolidation trends continue to reshape the landscape, enabling facilities to expand services and leverage economies of scale. Focusing on short-stay, post-acute care and adapting to managed care frameworks could enhance financial resilience. Integrating technology and strategic partnerships may redefine services, ensuring long-term sustainability in a competitive environment. Industry revenue is projected to climb at a CAGR of 2.7%, reaching $191.6 billion by 2030.

Commercial Nursing Homes Market Outlook

The global commercial nursing homes market size stood at approximately USD 450 billion in 2023, and it is projected to grow to around USD 720 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.5%. This growth is driven by various factors, including the aging global population, increasing chronic diseases, and the rising need for long-term care facilities. As the demographic shift towards an older population continues, the demand for comprehensive care services provided by nursing homes is expected to surge, further fueling market expansion.

One of the primary growth factors for the commercial nursing homes market is the increasing geriatric population worldwide. With advancements in healthcare leading to longer life expectancies, there is a significant rise in the elderly population who often require specialized care that nursing homes are equipped to provide. The rising prevalence of chronic illnesses such as Alzheimer's, Parkinson's, and cardiovascular diseases necessitates ongoing medical supervision and assistance with daily living activities, which nursing homes are well-positioned to offer.

Moreover, the shift towards nuclear families and the increasing participation of women in the workforce have reduced the availability of family members to care for elderly relatives. This societal change has heightened the need for external care facilities, making nursing homes a crucial alternative. Furthermore, government initiatives and policies aimed at improving the quality of elder care services, along with favorable reimbursement policies, have significantly contributed to the growth of the commercial nursing homes market.

Technological advancements in healthcare are another critical growth driver. Integration of advanced medical technologies, such as electronic health records (EHRs), telemedicine, and remote monitoring tools in nursing homes, has improved the quality of care. These innovations enhance operational efficiency, patient safety, and health outcomes, making nursing homes a more viable option for long-term care. Additionally, private investments and the entry of new players into the market have spurred competition, leading to improved services and facilities.

Regionally, North America holds a significant market share, primarily due to its well-established healthcare infrastructure, high healthcare expenditure, and the presence of numerous nursing home facilities. The Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period, attributed to the rapidly aging population, rising disposable incomes, and increasing urbanization. Governments in this region are also focusing on enhancing healthcare services, which is expected to drive market growth further.

Service Type Analysis

In the commercial nursing homes market, the service type segment encompasses skilled nursing care, assisted living, independent living, memory care, and other specialized services. Skilled nursing care services dominate this segment due to their comprehensive and intensive care offerings. These services cater to individuals requiring constant medical attention, rehabilitation, and assistance with daily activities. The increasing incidence of chronic diseases and post-operative care needs among the elderly population has significantly contributed to the growth of this sub-segment.

Assisted living services are gaining traction, particularly among elderly individuals who require assistance with daily activities but do not need intensive medical care. These facilities provide a balance of independence and support, offering services such as medication management, personal care, and housekeeping. The growing preference for assisted living is driven by the desire for a higher quality of life, social interaction opportunities, and a supportive environment for seniors.

Independent living services are designed for seniors who are generally healthy and capable of living independently but prefer the ease and security of a retirement community. These communities offer a range of amenities and social activities, promoting an active and engaged lifestyle for seniors. The increasing trend of seniors opting for independent living arrangements as a means to downsize and simplify their lives is fueling the growth of this segment.

The commercial nursing home market exhibits robust growth potential, with a market size of $1306.4 million in 2025 and a projected Compound Annual Growth Rate (CAGR) of 6.3% from 2025 to 2033. This expansion is fueled by several key drivers. The aging global population necessitates increased long-term care facilities, significantly boosting demand. Furthermore, advancements in medical technology and an increasing prevalence of chronic diseases requiring specialized care contribute to market growth. The rising preference for professional, specialized care over informal home-based care, especially among post-operative patients and the elderly, also plays a crucial role. Market segmentation reveals strong demand across various care types, including day care and full-day escort services, catering to diverse needs within the aging population and individuals requiring post-operative recovery. Geographic distribution shows significant market presence across North America, Europe, and Asia Pacific, with variations in market share reflective of demographic trends and healthcare infrastructure development in each region. The competitive landscape is characterized by both established players and emerging companies, indicating a dynamic and evolving market. Established players like Visiting Angels and Emeritus Senior Living are leveraging their experience and brand recognition, while new entrants are driving innovation and competition. Future growth will likely be influenced by factors like government regulations, healthcare reforms, and technological advancements in elderly care. The increasing integration of technology into nursing homes, including telehealth and remote monitoring systems, will likely shape the market's trajectory in the coming years. The market's continued growth hinges on addressing potential restraints like escalating healthcare costs, workforce shortages, and the need for stringent regulatory compliance. Innovative care models and effective workforce management strategies will be essential for sustained market growth and success within the industry.

The 1985 National Nursing Home Survey was designed to gather a variety of data on all types of nursing homes providing nursing care in the United States. In this collection data are available on nursing and related care facilities, services provided by the facilities, residents of the nursing homes, and discharges. Nursing home care is examined from the perspectives of both the recipients and the providers of services. Information about patients, both current and discharged, includes basic demographic characteristics, marital status, place of residence prior to admission, health status, services received, and, for discharges, the outcomes of care. A family member of both current and discharged patients was contacted by telephone to obtain data on socioeconomic status and prior episodes of health care. Facility-level data include basic characteristics such as size, ownership, Medicare/Medicaid certification, occupancy rate, and days of care provided.

The CMS Program Statistics - Medicare Skilled Nursing Facility tables provide use and payment data for skilled nursing facilities. For additional information on enrollment, providers, and Medicare use and payment, visit the CMS Program Statistics page. These data do not exist in a machine-readable format, so the view data and API options are not available. Please use the download function to access the data. Below is the list of tables: MDCR SNF 1. Medicare Skilled Nursing Facilities: Utilization, Program Payments, and Cost Sharing for Original Medicare Beneficiaries, by Type of Entitlement, Yearly Trend MDCR SNF 2. Medicare Skilled Nursing Facilities: Utilization, Program Payments, and Cost Sharing for Original Medicare Beneficiaries, by Demographic Characteristics and Medicare-Medicaid Enrollment Status MDCR SNF 3. Medicare Skilled Nursing Facilities: Utilization, Program Payments, and Cost Sharing for Original Medicare Beneficiaries, by Area of Residence MDCR SNF 4. Medicare Skilled Nursing Facilities: Utilization, Program Payments, and Cost Sharing for Original Medicare Beneficiaries, by Type of Entitlement and Covered Days of Care MDCR SNF 5. Medicare Skilled Nursing Facilities: Utilization, Program Payments, and Cost Sharing for Original Medicare Beneficiaries, by Type of Facility and Bedsize MDCR SNF 6. Medicare Skilled Nursing Facilities: Distribution of Medicare Covered Skilled Nursing Facility Days, by State of Provider and Major Resource Utilization Groups (RUG)-III (versions 2013-2018 only)

The global long-term care market, valued at $1.20 trillion in 2025, is projected to experience robust growth, driven by several key factors. An aging global population, increasing prevalence of chronic diseases like Alzheimer's and dementia, and a rising demand for higher quality of life for seniors are significantly bolstering market expansion. The shift towards community-based care and the increasing adoption of technology in long-term care facilities are also contributing to growth. While rising healthcare costs and workforce shortages pose challenges, innovative care models, telehealth integration, and government initiatives aimed at improving access to long-term care are mitigating these restraints. The market is segmented by service type, with home healthcare, hospice care, nursing care, and assisted living facilities holding significant market share. North America currently dominates the market, followed by Europe and Asia Pacific, reflecting higher healthcare spending and a larger elderly population in these regions. The market is highly competitive, with major players including Brookdale Senior Living, Sunrise Senior Living, and Atria Senior Living, vying for market share through expansion, mergers and acquisitions, and service diversification. The forecast period (2025-2033) anticipates a continued expansion, fueled by ongoing demographic trends and increasing healthcare awareness. The projected Compound Annual Growth Rate (CAGR) of 6.10% indicates substantial market expansion throughout the forecast period. This growth is expected to be relatively consistent across regions, albeit with varying degrees of intensity. While North America will maintain its leading position, Asia Pacific is poised for faster growth due to its rapidly aging population and rising disposable incomes. Furthermore, the increasing focus on preventative care and early interventions will help to manage the costs associated with long-term care, while simultaneously improving the quality of life for patients. The continued development and implementation of innovative technologies, such as AI-powered diagnostic tools and remote patient monitoring systems, are also expected to contribute significantly to market growth and efficiency. Recent developments include: August 2024: The Ontario government is channeling investments into two initiatives in York Region, aiming to broaden diagnostic services in long-term care facilities and curtail visits to hospitals and emergency rooms. The newly introduced Community Paramedicine for Long-Term Care Plus (CPLTC+) program enhances the current Community Paramedicine for Long-Term Care initiative. It empowers community paramedics to administer diagnostic services, such as bloodwork, ultrasound, and urinalysis, directly to residents in long-term care. Additionally, the government is allocating funds to long-term care facilities, ensuring they acquire the necessary equipment and training for these diagnostic services.July 2024: America's long-term care (LTC) pharmacies have unveiled "Save Senior Rx Care," a campaig that emphasizes the critical need to safeguard access to essential medications and services for the millions reliant on long-term care. Through this campaign, LTC pharmacies aim to spotlight the unforeseen yet grave repercussions that emerging drug pricing policies could have on their operations and the at-risk patients they cater to.. Key drivers for this market are: Favorable Long Term Care Insurance Plans, Increasing Adoption Of Long Term Care Services Among Old Population Base; Technological Advancements In The Field Of Long-Term Care. Potential restraints include: Favorable Long Term Care Insurance Plans, Increasing Adoption Of Long Term Care Services Among Old Population Base; Technological Advancements In The Field Of Long-Term Care. Notable trends are: Nursing Care: Backbone of Long-Term Care Services.

The 2004 National Nursing Home Survey (NNHS), conducted between August and December of 2004, was reintroduced into the field after a five-year break, during which time the survey was redesigned and expanded to collect many new data items. All nursing homes that participated in the NNHS had at least three beds and were either certified (by Medicare or Medicaid) or had a state license to operate as a nursing home. The redesigned survey was administered using a computer-assisted personal interviewing (CAPI) system. The National Nursing Home Survey provides information on nursing homes from two perspectives-that of the provider of services and that of the recipient of care. Data about the facilities include characteristics such as size, ownership, Medicare/Medicaid certification, services provided and specialty programs offered, and charges. For recipients, data were obtained on demographic characteristics, health status and medications taken, services received, and sources of payment.

Data for the survey were obtained through personal interviews with facility administrators and designated staff who used administrative records to answer questions about the facilities, staff, services and programs, and medical records to answer questions about the residents.

The total number of nursing home facilities that participated in NNHS is 1,174.

The global retirement home services market is experiencing robust growth, driven by an aging global population and increasing demand for assisted living and specialized care. The market, estimated at $500 billion in 2025, is projected to expand at a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the rising elderly population, particularly in developed nations like the US, Canada, and across Europe, significantly increases the demand for various retirement home services, ranging from independent living to comprehensive nursing care. Secondly, advancements in healthcare technology and the increasing availability of specialized services for individuals with specific needs (e.g., dementia care, rehabilitation) are driving market growth. Thirdly, changing social dynamics, including smaller family sizes and increased urbanization, contribute to the rising need for professional care solutions for the elderly. Despite this growth, the market faces some constraints. High operational costs, stringent regulatory requirements, and a shortage of skilled healthcare professionals pose challenges to market expansion. Nevertheless, the market shows immense potential, particularly in emerging economies with rapidly aging populations like China and India, which are expected to witness significant growth in the coming years. Segmentation within the market reveals a strong preference for Assisted Living Services and Independent Living Services, catering to different levels of care needs. The Elderly People segment dominates the application-based segmentation, underscoring the market's core focus. North America holds a significant market share due to its aging demographics and well-established healthcare infrastructure. However, growth is expected in other regions like Asia Pacific, particularly in countries with burgeoning elderly populations and rapidly developing healthcare sectors. Key players in the market, including Brookdale Senior Living Solutions, Erickson Living, and Sunrise Senior Living, are actively investing in expanding their services and geographical reach to capitalize on this growth opportunity. Strategic partnerships, acquisitions, and technological advancements will continue shaping the competitive landscape in the years to come. The long-term outlook remains positive, with sustained growth expected through 2033, driven by demographic trends and evolving healthcare needs of the aging population.