Authored By: Sarah
18 Oct 2023

Billion -Dollar Retirement Communities Market Analysis | Affinity Living Communities, AlerisLife Inc., and American Retirement Homes Inc. are among the Market Pioneers

Competitive Benchmarking and Forecasts for Market Players 2023-2027

The rising life expectancy, the aging baby boomer population, and the benefits offered by retirement communities are transforming the market landscape of Retirement Communities worldwide. According to the market assessment, it is a billion-dollar sector in making with forecasted market revenue growth of USD 545.85 billion, Retirement Communities Market is estimated to grow at a CAGR of 5.93% between 2022 and 2027.

Senior Analyst at Technavio quoted ~ "The aging of the baby boomer population is a major driver of the global retirement community market" As this group ages, are looking for retirement options that provide a comfortable and secure lifestyle.

retirement community market analysis, retirement community market share, retirement community market size,

Snapshot of Retirement Communities Market

Core Companies and their Key Offerings: When it comes to the key market players, the rising demand from Senior communities, is pushing the companies to offer a wide array of housing options and services for seniors, including independent living, assisted living, and memory care.

It also offers amenities such as fitness centers, social activities, and health services, making them attractive options for seniors seeking a comfortable and engaging lifestyle in retirement.

  • Affinity Living Communities offers retirement communities such as Aurora Copperleaf community, the company focuses on the development of multi-family and age-restricted communities.
  • AlerisLife Inc. offers retirement communities through its subsidiary Five Star Senior Living.

American Retirement Homes Inc.Brookdale Senior Living Inc.British United Provident Association Ltd. Enlivant Master Mgmt CO LLCErickson Senior Living Management LLCFront PorchHonor Technology Inc.Interim HealthCare Inc.KorianLife Care Companies LLCSenior LifestyleSienna Senior Living Inc.Sonida Senior Living Inc.Sunrise Senior Living LLCVillage Concepts, etc are some of the major market participants of the Retirement Communities Market.

Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment along with a profiled analysis of the market pioneers. Download our sample report on the Retirement Communities Market to discover more aspects of the market growth with data-backed analysis.

Retirement Communities Market Highlights

  • The Retirement communities market is segmented by Type (Assisted living facilities, Continuing care retirement communities, and Rest homes), Application (Elderly people and Disabled people), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
  • North America led the market with 39% of the market growth set to originate from this region during the forecast period.
  • Rising life expectancy is one of the primary factors driving the growth of the retirement communities market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Read News Read Less
Interested in this report?
Get your sample now!