Retirement Communities Market Overview, Industry Growth Analysis Forecast Till 2023

TheBusinessResearchCompany.com offers "Retirement Communities Market Segmentation (Continuing Care Retirement Communities, Rest Homes, Assisted Living Facilities, Assisted Living Facilities With Nursing Care) By Trends, Customer Information, Drivers And Restraints - Global Forecasts To 2023" from its research store.

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.

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Growth in the historic period can be attributed to the rise in elderly populations and increased life expectancy rates globally. The percentage of population aged 65 and above in the global population has increased from 6.9% in 2000 to 8.9% in 2018. In 2015, the global life expectancy at birth was estimated at 70.8 years. Since 1950-1955, life expectancy at birth has risen by more than 10 years in Northern America, Europe and Oceania, and by close to 25 years in Latin America and the Caribbean. Factors that will negatively affect the market are low access to retirement communities, shortages of skilled human resources, and insufficient public health insurance coverage.

Retirement Communities Market Divers And Restraints: -
The rise in the aging population increases the potential for elderly people to opt for accommodations in retirement communities. An increase in the size of the aging population, which is a major risk factor for many chronic diseases, such as cardiovascular disease, cancer, arthritis, dementia, cataracts, osteoporosis, diabetes, hypertension and Alzheimer`s disease, is also expected to drive the assisted living with on-site nursing care facilities market, supporting the growth of the overall retirement communities market.

During the forecast period, inadequate health provision is expected to be a major barrier for the growth of the retirement communities industry in the forecast period, limiting growth opportunities for assisted living facilities with nursing care and continuing care retirement communities. Lack of public health insurance coverage, especially in developing countries, restricts access to healthcare for many people.

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By Geography - The retirement communities market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Western Europe is the largest market for retirement communities, accounting for 41.6% of the global market. It was followed by North America, Asia Pacific, South America, Eastern Europe, Africa, and Middle East. Going forward, Middle East and Africa will be the fastest growing regions in the Retirement Communities market.

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Some of the major key players involved in the retirement communities market are HC-One Ltd., Brookdale Senior Living Inc., Five Star Senior Living, Holiday Retirement, Sunrise Senior Living, Erickson Living, Adorno, Absolute Care LLC, Sunrise, The Blackburn Home, The Smiles Foundation, Diur Mugan, Beit Avot, Methodist Homes, Rossetti Care, Faircape Retirement Holdings, Evergreen, Collins Residential

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