Press release
Rising Life Expectancy Fuels Growth In The Retirement Home Services Market: A Key Driver Powering Retirement Home Services Market Growth In 2025
Retirement Home Services
What Is the Current Retirement Home Services Market Size and Its Estimated Growth Rate?
The retirement home services market, with a value of $7.39 billion in 2024, is expected to rise to $7.77 billion in 2025 at a CAGR of 5.1%. Growth drivers include rising healthcare costs, the demand for quality retirement living, expansion of memory care services, increasing need for skilled care, and aging population trends.
The retirement home services market is expected to grow steadily, reaching $9.38 billion by 2029 at a CAGR of 4.8%. Growth is driven by the diverse needs of an aging population, increasing life expectancy, demand for senior care options, a desire for active and independent aging, and housing alternatives for the retired. Key trends include technological advances in services, expanding senior living services in emerging markets, demand for mobile-assisted services, integration of technology for remote monitoring, and alarm systems to alert service providers.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18716
How Are Emerging Segments Shaping the Retirement Home Services Market Landscape?
The retirement home services market covered in this report is segmented -
1) By Type: Assisted Living, Independent Living, Other Types
2) By Gender: Women, Men
3) By Age Group: 55 To 64, 65 To 74, 75 And Above
4) By Application: Elderly People, Disabled People
Subsegments:
1) By Assisted Living: Personal Care Services, Medication Management, 24/7 Support And Supervision, Specialized Memory Care
2) By Independent Living: Independent Living Communities, Retirement Communities, Age-Restricted Housing
3) By Other Types: Skilled Nursing Facilities (SNF), Continuing Care Retirement Communities (CCRC), Respite Care Services, Hospice Care
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18716&type=smp
Which Growth Factors Are Influencing Retirement Home Services Market Expansion?
Increasing life expectancy is expected to advance the retirement home services market. Life expectancy reflects average lifespan and is rising due to improved healthcare and living conditions. As people live longer, the need for supportive senior care increases. The CDC noted in November 2023 that U.S. life expectancy rose from 76.4 years in 2021 to 77.5 in 2022, with males and females regaining lost years from prior declines. This drives demand in the retirement home services market.
Who Are the Dominant Players Across Different Retirement Home Services Market Segments?
Major companies operating in the retirement home services market are Sompo Holdings Inc., British United Provident Association Ltd., ABM Industries Inc., Genesis HealthCare Inc., Sunrise Senior Living Inc., Erickson Senior Living Management LLC, Avalon Health Care Group, National HealthCare Corporation, Senior Lifestyle, AlerisLife Inc., Enlivant, Sienna Senior Living Inc., Sonida Senior Living Inc., Bonaventure Senior Living, ProMedica Senior Care, Wickshire Senior Living, Ashiana Housing Ltd., Life Care Companies LLC, Home Instead Inc., Covai Property Centre (I) Pvt. Ltd., American Retirement Homes Inc.
What Trends Are Expected to Dominate the Retirement Home Services Market in the Next 5 Years?
Companies in the retirement home services market are focusing on non-real estate-based assisted living solutions to provide elderly individuals with services in their own homes. For example, in April 2024, Mindrot Technologies, an India-based hospital startup, launched CarePilot, a platform that supports assisted care and hospice services for senior living. This comprehensive technology solution is designed to improve operational efficiency, enhance caregiving, and enable families to participate in care decisions.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/retirement-home-services-global-market-report
Which Geographic Regions Are Expected to Dominate the Retirement Home Services Market in the Coming Years?
North America was the largest region in the retirement home services market in 2024. The regions covered in the retirement home services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retirement Home Services Market?
2. What is the CAGR expected in the Retirement Home Services Market?
3. What Are the Key Innovations Transforming the Retirement Home Services Industry?
4. Which Region Is Leading the Retirement Home Services Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Life Expectancy Fuels Growth In The Retirement Home Services Market: A Key Driver Powering Retirement Home Services Market Growth In 2025 here
News-ID: 4043887 • Views: …
More Releases from The Business Research Company
Silicone (except Resins) Market on Path to Hit $96.9 Billion by 2029 at 9.9% CAG …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Silicone (except Resins) Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size of silicone, excluding resins, has seen a fast-paced growth in the last few years. The value is projected to rise from $60.22 billion in 2024 to $66.54 billion in 2025, with a compound annual…
Serine Proteases Industry Expected to Reach $3.66 Billion by 2029 at 10.1% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Serine Proteases Market Value Projection: How Much Will the Market Size by 2025?
The market size of serine proteases has experienced robust growth in the recent past. It is anticipated to rise from $2.26 billion in 2024 to $2.49 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 10.0%.…
Solvent-Based Adhesives Market to Grow at 10.2% CAGR, Reaching $24.86 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Solvent-Based Adhesives Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, there has been a swift expansion in the size of the solvent-based adhesives market. The market has grown from $15.29 billion in 2024 to an estimated $16.84 billion in 2025, representing a compound annual…
Polystyrene-Plastic Material And Resins Market to Record 10.2% CAGR Growth Throu …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polystyrene-Plastic Material And Resins Market Outlook: How is the Market Expected to Grow by 2025?
A rapid expansion has been seen in the market size of polystyrene-plastic materials and resins in the past few years. Its growth is projected to surge from $48.66 billion in 2024 to $54.64 billion in…
More Releases for Retirement
Aleph Retirement Planners Shares Expert Strategies to Eliminate Debt Before Reti …
Almost 61% of Canadians said in a 2024 survey that they fear going broke during retirement. Some young adults also feel their savings will not be sufficient when they retire. These people don't have a proper retirement plan. However, these thoughts do not bother other Canadians with an appropriate financial plan. Which boat are you in? Planning is the only option to live a peaceful retired life. It gives you…
Road to Retirement, Inc. Highlights the Importance of Managing Risks and Economi …
This company, with its extensive expertise, specializes in retirement plans that address goals, family situations, financial values, and unexpected hurdles.
Road to Retirement, Inc., a financial planning firm based in New Jersey, emphasizes the importance of guaranteed lifetime incomea and risk management in retirement. The firm specializes in retirement design and underscores how a risk management philosophy based on independent insurance solutions and active portfolio managementb can provide clients with a…
Lucas Wealth & Retirement Shares The Biggest Pitfalls of Retirement and How to R …
The company expands its services to Florida and the Carolinas to provide comprehensive strategies for retirees' financial, emotional, and mental well-being.
Houston, TX - Many retirees find themselves unprepared for the complexities of retirement, often facing financial uncertainty, emotional stress, and inadequate planning. Lucas Wealth & Retirement, a leading provider of comprehensive retirement planning services, is addressing these issues head-on while expanding its operations to Florida and the Carolinas. Known for…
Retirement Home Services Market Is Booming Worldwide | Erickson Living, Holiday …
AMA introduce new research on Global Retirement Home Services covering micro level of analysis by competitors and key business segments (2023-2028). The Global Retirement Home Services explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing.
Ask Free Sample Report PDF @ https://www.advancemarketanalytics.com/sample-report/32334-global-retirement-home-services-market#utm_source=OpenPR/Tanuja
Some…
Retirement Home Services Market Is Booming Worldwide | Erickson Living, NHS, LHI …
The latest independent research document on Global Retirement Home Services examine investment in Market. It describes how companies deploying these technologies across various industry verticals aim to explore its potential to become a major business disrupter. The Retirement Home Services study eludes very useful reviews & strategic assessment including the generic market trends, emerging technologies, industry drivers, challenges, regulatory policies that propel the market growth, along with major players profile…
Beauty Point Retirement Resort
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
33…
