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Retirement home services market: Historic Industry Size & Analysis of 15 Vendors and 7 Countries - Technavio


NEW YORK, Dec. 1, 2022 /PRNewswire/ -- The retirement home services market size is forecast to increase by USD 5,556.39 million from 2022 to 2027, at a CAGR of 3.34%, according to the recent market study by Technavio. The growth of the market will be driven by the rising life expectancy, the aging baby boomer population, and the benefits offered by retirement homes.

Technavio categorizes the global retirement home services market as a part of the specialized consumer services market, which covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including ABM Industries Inc., AlerisLife Inc., American Retirement Homes Inc., Ashiana Housing Ltd., British United Provident Association Ltd., Brookdale Senior Living Inc., Columbia Pacific Management, Covai Property Centre (I) Pvt. Ltd., Enlivant Master Mgmt CO LLC, Erickson Senior Living Management LLC, Genesis Healthcare Inc., Home Instead Inc., Korian, Life Care Companies, LLC, and Senior Lifestyle.

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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

Download the sample to get a holistic overview of the retirement home services market by industry experts to evaluate and develop growth strategies.

The market is segmented by service (independent living, nursing, and assisted living), application (elderly people and disabled people), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Segmentation by service (Inclusion/Exclusion)

The independent living segment grew gradually by USD 11834.93 million in 2017 and continued to grow until 2021. The segment includes a range of housing arrangements, from apartment-style communities to housing cooperatives. These are designed for senior citizens who wish to live independently, the amenities and features offered in individual dwelling areas are like those in a small home or apartment. Vendors operating in the segment offer services such as laundry landscaping, housekeeping, security surveillance, on-site dining facilities, and a range of activities and events. In addition, some government organizations provide financial support for independent living. As a result of these factors, the market is expected to witness significant growth in the independent living segment during the forecast period.

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What are the key data covered in the retirement home services market?

Retirement Home Services Market Scope

Report Coverage

Details

Page number

160

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.34%

Market growth 2023-2027

USD 5556.39 million

Market structure

Fragmented

YoY growth (%)

2.38

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, Canada, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABM Industries Inc., AlerisLife Inc., American Retirement Homes Inc., Ashiana Housing Ltd., British United Provident Association Ltd., Brookdale Senior Living Inc., Columbia Pacific Management, Covai Property Centre (I) Pvt. Ltd., Enlivant Master Mgmt CO LLC, Erickson Senior Living Management LLC, Genesis Healthcare Inc., Home Instead Inc., Korian, Life Care Companies, LLC, and Senior Lifestyle.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Service

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


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