About Retirement Communities
The global retirement communities market is expected to grow at a slow pace during the forecast period, according to the AMA study. Rising demand for demitia care, increasing high age population, growing retirement housing market, and high er occupancy rate across different regions are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth for the next few months but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on providing innovative services in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Retirement Communities market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HC-One (United Kingdom), Brookdale Senior Living (United States), Five Star Senior Living (Unietd States), Holiday Retirement (United States), Sunrise Senior Living (United States), National Healthcare (United States), Aging Media Network Inc. (United States), Acts Retirement-Life Communities (United States) and Erickson Living (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Retirement Communities market by Type (Assisted Living Facilities, Continuing Care Retirement Communities and Rest Homes), Application (Public and Private) and Region.
On the basis of geography, the market of Retirement Communities has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organisation, the sub-segment i.e. Profit Organisations will boost the Retirement Communities market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age, the sub-segment i.e. Below 75 will boost the Retirement Communities market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Favorable Healthcare Reform Legislation and Rising Investment Interest of Investors Across Different Regions
Market Growth Drivers:
Growing Demand for Demitia Care, Rising High Age Population Across the World, Growing Retirement Housing Market and Higher Occupancy Rate Across Different Regions
Challenges:
Short Term Challenges Due to Reduced Investments in the Market Caused by the Impact of COVID-19 Pandemic Across the World, Requirement of Modernization and Increased Competition Across the World Due to Rising Old Age Population
Restraints:
Rising Adoption of Home Health-Care Services is Somehow Acting as a Substitute for Retirement Communities
Opportunities:
Opportunities in the Countries such as United States and China
Market Leaders and their expansionary development strategies
In October 2023, Birchgrove, a UK provider of rented retirement homes, has grown its London footprint with the acquired of its ninth development – a 60-apartment community in Mill Hill, North London, built on the site of a historic former medical research institute.
In July 2022, Lancor Holdings Ltd, a leading Chennai-based realty player, has launched new vertical “Harmonia” residences, described by the company as the country’s first ‘Blue Circle’ townships built for senior citizens yet providing the opportunity to live amongst the younger generation.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Reducing the Occupancy of Retirement Communities
Analyst View
In 2016, the number of senior population in the United States was estimated to be around 323.1 million which is estimated to reach around 332.4 million in 2020 wherein below 75 aged population and also is further expected to reach around 354.8 million in 2030. This is expected to drive the market growth in North America region.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.