Press release
Retirement Communities Market Report 2020-2023: Industry Growth Factors And Future Scope Demand - Holiday Retirement, Sunrise Senior Living
The global retirement communities market reached a value of nearly $218.6 billion in 2019, having grown at a compound annual growth rate (CAGR) of 8.6% since 2015, and is expected to grow at a CAGR of 9.8% to nearly $317.4 billion by 2023. Growth in the historic period can be attributed to the rise in elderly populations and increased life expectancy rates globally.
The key drivers of the retirement communities include:
Aging Populations – The aging population will continue to be a driver of the retirement communities market. 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.
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Retirement Communities Market Segmentation
The retirement communities market is segmented by type and by geography
By Type- The retirement communities market is segmented by type into -
1) Continuing Care Retirement Communities
2) Assisted Living Facilities With Nursing Care
3) Assisted Living Facilities
4) Rest Homes
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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
Some of the major key players involved in the retirement communities market are
1. HC-One Ltd
2. Brookdale Senior Living Inc
3. Five Star Senior Living
4. Holiday Retirement
5. Sunrise Senior Living
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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A luxury retirement village with the perfect combination of lifestyle and sense of security. Designed with the vision of providing an impeccable independent living environment, together with excellence in care, Beauty Point Resort prides itself on providing the highest level of services of any retirement home in Sydney. Call us on (02) 8708 4700 for more information on the perfect village for you, or your family member.
Beauty Point Retirement Resort
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