Retirement Communities in the US
The Retirement Communities industry is forecast to exhibit accelerated growth in the next two decades. An aging population and growing need for dementia care are stimulating much of the industry's growth. Occupancy rates have been on the rise across the industry, benefiting from the associated rise in housing prices that began in 2012. As a result, industry revenue is expected to grow at an annualized rate of 3.6% to $69.4 billion, including a projected 3.8% jump in 2018. Over the five years to 2023, a growing economy, an aging population, healthcare reform and new services will facilitate industry growth. IBISWorld estimates that industry revenue is projected to grow at an annualized rate of 3.3% to $81.5 billion by 2023.
This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled-nursing or rehabilitative services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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