By 2050, more than 83 million Americans will be considered seniors and the industry is preparing for the influx.
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Both the real estate and technology sectors are beginning to develop senior-oriented technologies and designs including robots, which have already started to become a fixture in many senior living facilities. Remote sensors used to monitor residents and automated pill and IV dispensers are likely to increase as well, Senior Housing News reports.
Demand for higher-quality senior housing is growing as more baby boomers age — research shows more than 10,000 baby boomers turn 65 every day.
As a result, assisted living providers are expected to begin moving away from smaller, stand-alone locations to operating larger, more cost-effective buildings.
In the future, assisted living providers are anticipated to move more toward urban centers where amenities and social opportunities are more readily available, SHN reports.
Another potential trend on the rise in suburban areas is the growth of “civic centers,” where both young and old co-exist and clusters of public spaces, schools, retail, multifamily units and mixed-use buildings are present. This co-living could also carry through to the home where multigenerational living is anticipated to become more common due to financial constraints.
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