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U.S. Memory Care Market Share

Report ID: GMI10459
Published Date: Jul 2024
Report Format: PDF

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U.S. Memory Care Market Share

The market is characterized by a diverse range of providers offering specialized services for individuals with Alzheimer's disease and other forms of dementia. These providers offer comprehensive memory care programs that incorporate personalized care plans, therapeutic activities, and dementia-specific training for staff. Additionally, regional and local operators contribute to the competitive landscape by offering innovative care models, community-focused services, and niche offerings tailored to specific geographic markets. The market is also influenced by non-profit organizations, community-based providers, and memory care units within larger senior living communities, contributing to a competitive environment focused on quality of care, resident outcomes, and operational excellence.

U.S. Memory Care Market Companies

Prominent players operating in the memory care industry include:

Affinity Living Communities
Atria Senior Living, Inc.
Azura Memory Car
Brookdale Senior Living Inc.
Covenant Living
Erickson Senior Living
Five Star Senior Living
Genesis HealthCare
KENSINGTON PARK SENIOR LIVING
Life Care Systems
Masonicare
Pegasus Senior Living
ProMedica
Sunrise Senior Living
The Arbor Company

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

U.S. memory care industry size was worth USD 6.3 billion in 2023 and will grow at 5.6% CAGR between 2024 and 2032 due to aging population, rising prevalence of Alzheimer's and other dementias and increased awareness of memory disorders.

The long term care centers segment will record USD 5.5 billion by 2032, driven by comprehensive and specialized services tailored for individuals with dementia and Alzheimer’s disease.

South Atlantic memory care industry will witness 5.3% CAGR through 2032, attributed to the region's well-established healthcare infrastructure, increasing investments in specialized memory care facilities, and supportive state policies.

Prominent players operating in the U.S. memory care industry are Affinity Living Communities, Atria Senior Living, Inc., Azura Memory Car, Brookdale Senior Living Inc., Covenant Living, Erickson Senior Living, Five Star Senior Living, Genesis HealthCare, KENSINGTON PARK SENIOR LIVING, Life Care Systems, among others.