Adult Day Care in the US - Market Research Report (2014-2029)

Over the last five years, the aging Baby Boomer generation, nearly one-fifth of the US population, has significantly boosted demand for adult day cares. Adult day cares have seen solid usage as improving life expectancies expands their primary client base. The industry's growing popularity as a low-cost alternative to nursing homes led to an influx of new providers, particularly among owner-operators offering at-home care. The rise of at-home adult day care services has perpetuated adult day care's fragmentation, allowing new providers to cater to underserved areas. Despite this growth, labor shortages force higher wages and compress profit. Adult day care providers' revenue has been climbing at a CAGR of 2.1% to an estimated $7.5 billion over the five years through 2024, including an expected rise of 1.3% in 2024 alone.