Top 10 Memory Care Services Companies - 2024

Memory care is a crucial sector in senior living. Studies indicate over 40 percent of people over 65 exhibit some form of memory impairment, with up to 1 percent progressing to more severe dementia. The rise in the number of patients has led memory care providers to find novel ways to better serve the population. A key trend is the rise of Artificial Intelligence (AI) in memory care. AI is proving beneficial in automating administrative tasks, allowing caregivers to focus more on direct care activities. Music therapy is also implemented using personalized playlists, accompanied by memory boxes and customized snacks and dining reflecting dietary preferences.

Another key trend is using innovative technologies to enhance safety and engagement. Light-based therapies are also being used to improve sleep and reduce sundowning effects. These advances in evidence-based design support the unique sensory and cognitive needs of memory care residents through lighting, acoustics, and color schemes.

 Driven by these trends, the memory care global market size is projected to reach 8.61 billion by 2030, accelerating at a CAGR of 5.1 percent globally.

This edition of Elder Care Review delves into the latest developments in memory care and how healthcare providers innovate and improve their care model to enhance the memory care segment.

It features a thought leadership article from Joanne Nicholls, Director of Clinical Research at Novant Health, who talks about potential causes of hallucinations in older people and provides an overview of assessment questions to ask and treatment considerations, involving both sensory checks and therapy.

We also bring you the story of the top memory care companies like Commonwealth Senior Living, which provides individualized care and activities for memory care residents while keeping families visually connected. Its valuesbased approach aims to serve seniors and their loved ones with compassion. Kisco Senior Living is another company using an evidence-based approach to revamp memory care. Equally impressive is the story of Oaks Senior Living, which provides personalized care plans based on assessments from the Alzheimer’s Association and input from healthcare partners. It also focuses on staff education and environmental adaptations to offer innovative support. Last but not least, StoryPoint Group has carved its niche in the market by creating vibrant memory care communities through specialized staff, innovative programming, and a commitment to knowing residents as individuals.

In this edition featuring the top memory care services providers in 2024, we hope you find the right partner to meet your organization’s needs.