Report cover image

Retirement Communities in the US - Industry Market Research Report

Publisher IBISWorld
Published Nov 04, 2024
Length 82 Pages
SKU # IBSS19340601

Description

Retirement Communities in the US - Industry Market Research Report


Retirement Communities in the US

Broad changes in the country's demographics have driven the growth of retirement communities in recent years, as healthcare providers recognize the aging population's need for integrative eldercare. Retirement communities provide essential assisted living services to seniors suffering from chronic illnesses, while independent living facilities grant senior citizens with less medical needs freedom of choice. The industry has been resistant to economic downturns, but the disproportionate number of COVID-19 deaths at facilities in 2020 resulted in steep declines in occupancy. The industry's nondiscretionary nature makes it difficult for prospective residents to deter care for significant bouts of time. Revenue is expected to increase at a CAGR 0f 2.8% to $94.2 billion over the five years to 2023, including a decline of 1.2% that year. Profit is expected to account for 7.2% of revenue in 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.

Table of Contents

82 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.