Learn about the global retirement communities market through The Business Research Company, which provides information on retirement communities market size, retirement communities market drivers and restraints, retirement communities market players, the COVID-19 impact on the retirement communities market, and more.

The retirement communities market reached a value of nearly $189.3 billion in 2020, having increased at a compound annual growth rate (CAGR) of 0.1% since 2015. The retirement communities market is expected to grow from $189.3 billion in 2020 to $285.1 billion in 2025 at a rate of 8.5%. The retirement communities market is then expected to grow at a CAGR of 5.6% from 2025 and reach $374.7 billion in 2030.

The aging population will continue to be a driver of the retirement communities market. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period.

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The retirement communities market consists of sales of retirement community care services and related goods by entities that provide accommodation and nursing care services for the elderly who are generally able to care for themselves but might require assistance from home care agencies. The care in retirement communities’ service typically includes room, board, supervision, and assistance in daily living, such as housekeeping services. Activities and socialization opportunities are often provided by retirement communities. The major clientele for retirement communities is the population aged 60 years and above.

Global Retirement Communities Market Segments Include:

By Community Type: Continuing Care Retirement Communities, Rest Homes, Assisted Living Facilities, Assisted Living Facilities With Nursing Care

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the retirement communities market, accounting for 42.4% of the total in 2020.

The retirement community service industry is adopting big data technologies to monitor seniors’ health and offer appropriate care. Big data is the large amount of data that can be analyzed to gain insights and drive decision-making. Big data allows the retirement community care providers to access a significant amount of data that can be used to aid health care professionals to identify future health risks and suggest suitable remedies. Nursing care providers in retirement communities can also use this data to identify the irregularities in the treatment of the patients and improve the effectiveness of the treatment.

TBRC’s retirement communities market report covers:

Major Market Players: Brookdale Senior Living Inc., Sunrise Senior Living, Atria Senior Living Group, Life Care Centres of America, Erickson Living

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Retirement Communities Market 2022 -Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides retirement communities market overviews, analyses and forecasts market size, share, retirement communities market players, retirement communities market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s retirement communities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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