Retirement Communities Market 2023 analysis, size, current scenario, and future prospects with Affinity Living Communities, AlerisLife Inc., American Retirement Homes Inc., and more- Technavio

NEW YORK, July 25, 2023 /PRNewswire/ -- The retirement communities market size is estimated to increase by USD 545.85 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.93% during the forecast period. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Affinity Living Communities, AlerisLife Inc., American Retirement Homes Inc., Brookdale Senior Living Inc., British United Provident Association Ltd., Enlivant Master Mgmt CO LLC, Erickson Senior Living Management LLC, Front Porch, Genesis Healthcare Inc., HC One Ltd., Honor Technology Inc., Interim HealthCare Inc., Korian, Life Care Companies LLC, Senior Lifestyle, Sienna Senior Living Inc., Sonida Senior Living Inc., Sunrise Senior Living LLC, Village Concepts, and Wickshire Senior Living are among some of the major market participants.

The growth of the retirement communities market is driven by the aging baby boomer population. Baby boomers are referred to as people who are born between the years 1946 and 1964. Due to the aging of this baby boomer segment, there is an increasing demand for retirement options that offer a comfortable and secure lifestyle. Some of the main facilities and services offered by retirement communities include independent living, assisted living, and memory care with several amenities such as fitness centers, social activities, and health services. Hence, these amenities are attracting the baby boomer segment to such retirement communities, which is positively impacting the market growth. Hence, such factors are expected to drive market growth during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request sample report 

Vendor Offering

•  Affinity Living Communities: The company offers retirement communities such as the Aurora Copperleaf community.
• AlerisLife Inc: The company offers retirement communities through its subsidiary Five Star Senior Living.
• American Retirement Homes Inc: The company offers retirement communities such as Essex House assisted living community.

Retirement Communities Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The retirement communities market report covers the following areas:

• Retirement Communities Market 2023-2027 Size
• Retirement Communities Market 2023-2027 Trends
• Retirement Communities Market 2023-2027 Industry Analysis

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial
• Customization options available as per your business needs
• Access to 17000+ research report subscriptions, Buy the Report!

Retirement Communities Market 2023-2027: Market Dynamics

Key Trends - 

Multi-generational living is an emerging trend in the global retirement communities market. Multi-generational living is a primary trend in the market, which not only offers social benefits but also economic benefits. One of the main advantages of multi-generational living is that families can save a lot of money on housing, utilities, and other expenses by sharing living expenses and resources. One of the main consumer segment of these facilities are retirees on a fixed income with healthcare costs and other financial liabilities. This multi-generational segment of living offers various housing options, from apartments and townhouses to single-family homes. Hence, such factors are expected to drive the retirement communities market growth during the forecast period.

Major challenges - 

Low savings of baby boomers is a challenge hindering the growth of the global retirement communities market. Even though there is a wide variety of housing options in the market for retirees, several baby boomers do not have enough money to afford such retirement facilities. Some of the main reasons for the low savings of baby boomers is due to other financial priorities such as paying off debt or supporting their children`s education. Hence, the low savings of the baby boomers can negatively impact the market growth as such retirement communities require high upfront fees or ongoing monthly payments which are not affordable by this segment. Hence, such factors are expected to hinder the retirement communities market growth during the forecast period.

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Retirement Communities Market 2023-2027: Segmentation

Retirement Communities Market is segmented as below:

• Type 
• Assisted Living Facilities
• Continuing Care Retirement Communities
• Rest Homes
• Application 
• Elderly People
• Disabled People
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East And Africa

The market share growth by the assisted living facilities segment will be significant for the market growth during the forecast period. Factors such as the rising number of seniors globally and the increasing demand for long-term care options significantly contributed to the growth of the segment. Assisted living facilities refer to a segment of the global retirement communities market that is preferred by seniors who needs some assistance with activities of daily living (ADLs) but do not require round-the-clock medical care. Some of the key facilities offered by assisted living facilities segment are meal preparation, housekeeping, medication management, and personal care assistance to enable residents to maintain their independence and quality of life. Hence, such facilities are expected to fuel the growth of this segment which, in turn, will drive the retirement communities market growth during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities, historic (2017 to 2021) & forecast (2023-2027) – Download a Sample Report

Retirement Communities Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist retirement communities' market growth during the next five years
• Estimation of the retirement communities market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the retirement communities market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the retirement communities market, vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global retirement communities market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global retirement communities market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 29: Chart on Type - Market share 2022-2027 (%)
• Exhibit 30: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 31: Chart on Comparison by Type
• Exhibit 32: Data Table on Comparison by Type

• 6.3 Assisted living facilities - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Assisted living facilities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Assisted living facilities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Assisted living facilities - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Assisted living facilities - Year-over-year growth 2022-2027 (%)

• 6.4 Continuing care retirement communities - Market size and forecast 2022-2027
• Exhibit 37: Chart on Continuing care retirement communities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Continuing care retirement communities - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Continuing care retirement communities - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Continuing care retirement communities - Year-over-year growth 2022-2027 (%)

• 6.5 Rest homes - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Rest homes - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on Rest homes - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on Rest homes - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Rest homes - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 45: Market opportunity by Type ($ billion)
• Exhibit 46: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Elderly people - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Elderly people - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Elderly people - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Elderly people - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Elderly people - Year-over-year growth 2022-2027 (%)

• 7.4 Disabled people - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Disabled people - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Disabled people - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Disabled people - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Disabled people - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ billion)
• Exhibit 60: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 62: Chart on Market share by geography 2022-2027 (%)
• Exhibit 63: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 64: Chart on Geographic comparison
• Exhibit 65: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 66: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 70: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 74: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 78: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 82: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 86: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 90: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 93: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 94: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 97: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 98: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 101: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 102: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 105: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 106: Market opportunity by geography ($ billion)
• Exhibit 107: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 108: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 109: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 110: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 111: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 112: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 113: Matrix on vendor position and classification

• 12.3 Affinity Living Communities 
• Exhibit 114: Affinity Living Communities - Overview
• Exhibit 115: Affinity Living Communities - Product / Service
• Exhibit 116: Affinity Living Communities - Key offerings

• 12.4 AlerisLife Inc.
• Exhibit 117: AlerisLife Inc. - Overview
• Exhibit 118: AlerisLife Inc. - Business segments
• Exhibit 119: AlerisLife Inc. - Key offerings
• Exhibit 120: AlerisLife Inc. - Segment focus

• 12.5 American Retirement Homes Inc. 
• Exhibit 121: American Retirement Homes Inc. - Overview
• Exhibit 122: American Retirement Homes Inc. - Product / Service
• Exhibit 123: American Retirement Homes Inc. - Key offerings

• 12.6 Brookdale Senior Living Inc. 
• Exhibit 124: Brookdale Senior Living Inc. - Overview
• Exhibit 125: Brookdale Senior Living Inc. - Business segments
• Exhibit 126: Brookdale Senior Living Inc. - Key offerings
• Exhibit 127: Brookdale Senior Living Inc. - Segment focus

• 12.7 British United Provident Association Ltd. 
• Exhibit 128: British United Provident Association Ltd. - Overview
• Exhibit 129: British United Provident Association Ltd. - Business segments
• Exhibit 130: British United Provident Association Ltd. - Key offerings
• Exhibit 131: British United Provident Association Ltd. - Segment focus

• 12.8 Erickson Senior Living Management LLC 
• Exhibit 132: Erickson Senior Living Management LLC - Overview
• Exhibit 133: Erickson Senior Living Management LLC - Product / Service
• Exhibit 134: Erickson Senior Living Management LLC - Key offerings

• 12.9 Genesis Healthcare Inc. 
• Exhibit 135: Genesis Healthcare Inc. - Overview
• Exhibit 136: Genesis Healthcare Inc. - Business segments
• Exhibit 137: Genesis Healthcare Inc. - Key news
• Exhibit 138: Genesis Healthcare Inc. - Key offerings
• Exhibit 139: Genesis Healthcare Inc. - Segment focus

• 12.10 HC One Ltd.
• Exhibit 140: HC One Ltd. - Overview
• Exhibit 141: HC One Ltd. - Product / Service
• Exhibit 142: HC One Ltd. - Key offerings

• 12.11 Honor Technology Inc. 
• Exhibit 143: Honor Technology Inc. - Overview
• Exhibit 144: Honor Technology Inc. - Product / Service
• Exhibit 145: Honor Technology Inc. - Key offerings

• 12.12 Interim HealthCare Inc. 
• Exhibit 146: Interim HealthCare Inc. - Overview
• Exhibit 147: Interim HealthCare Inc. - Product / Service
• Exhibit 148: Interim HealthCare Inc. - Key offerings

• 12.13 Senior Lifestyle
• Exhibit 149: Senior Lifestyle - Overview
• Exhibit 150: Senior Lifestyle - Product / Service
• Exhibit 151: Senior Lifestyle - Key offerings

• 12.14 Sienna Senior Living Inc. 
• Exhibit 152: Sienna Senior Living Inc. - Overview
• Exhibit 153: Sienna Senior Living Inc. - Business segments
• Exhibit 154: Sienna Senior Living Inc. - Key offerings
• Exhibit 155: Sienna Senior Living Inc. - Segment focus

• 12.15 Sonida Senior Living Inc. 
• Exhibit 156: Sonida Senior Living Inc. - Overview
• Exhibit 157: Sonida Senior Living Inc. - Product / Service
• Exhibit 158: Sonida Senior Living Inc. - Key offerings

• 12.16 Village Concepts
• Exhibit 159: Village Concepts - Overview
• Exhibit 160: Village Concepts - Product / Service
• Exhibit 161: Village Concepts - Key offerings

• 12.17 Wickshire Senior Living 
• Exhibit 162: Wickshire Senior Living - Overview
• Exhibit 163: Wickshire Senior Living - Product / Service
• Exhibit 164: Wickshire Senior Living - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

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