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.
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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.
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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
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