PUBLISHER: Grand View Research | PRODUCT CODE: 1869661
PUBLISHER: Grand View Research | PRODUCT CODE: 1869661
The global senior living market size was estimated at USD 2.02 billion in 2024 and is projected to reach USD 3.25 billion by 2033, growing at a CAGR of 5.48% from 2025 to 2033. This growth is attributed to the rapidly growing aging population, increasing life expectancy, and rising prevalence of chronic diseases that demand long-term care solutions.
Changing family dynamics and urbanization trends have also reduced the capacity for home-based elder care, further boosting institutional senior living options. In addition, technological advancements such as remote health monitoring, smart home systems, and telemedicine are making senior living facilities more appealing by improving quality of care and operational efficiency.
Global Senior Living Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global senior living market report based on facility and region: