Scope of the Study
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.
The market study is being classified by Type (Assisted Living Facilities, Continuing Care Retirement Communities and Rest Homes), by Application (Public and Private) and major geographies with country level break-up.
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 profiled in the study.
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Retirement Communities market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Retirement Communities market by Type, Application 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Demitia Care
- Rising High Age Population Across the World
- Growing Retirement Housing Market
- Higher Occupancy Rate Across Different Regions
- Favorable Healthcare Reform Legislation
- Rising Investment Interest of Investors Across Different Regions
- Rising Adoption of Home Health-Care Services is Somehow Acting as a Substitute for Retirement Communities
- Opportunities in the Countries such as United States and China
- Short Term Challenges Due to Reduced Investments in the Market Caused by the Impact of COVID-19 Pandemic Across the World
- Requirement of Modernization
- Increased Competition Across the World Due to Rising Old Age Population
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Reducing the Occupancy of Retirement Communities
Analyst CommentIn 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.
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