NEW YORK, Aug. 11, 2021 /PRNewswire/ -- The global retirement communities market size is expected to grow by USD 454.42 billion, progressing at a CAGR of almost 5% during the forecast period.
NEW YORK, Aug. 11, 2021 /PRNewswire/ -- The global retirement communities market size is expected to grow by USD 454.42 billion, progressing at a CAGR of almost 5% during the forecast period.
Data Insights |
Market Segmentations |
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Retirement Communities Market |
Forecast and Analysis 2021-2025 |
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Highlights |
Covers |
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Key Countries |
Segments |
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US, China, Germany, UK, and France |
Type |
Assisted living facilities Continuing care retirement communities Rest homes |
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Vendors |
Offerings |
Region |
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Atria Senior Living Inc. |
Independent living |
APAC |
will offer 46% of the growth opportunity |
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Brookdale Senior Living Inc. |
Assisted living |
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The rising life expectancy is one of the major factors driving the growth of the market. The number of deaths caused by cardiovascular and infectious diseases has declined significantly over the past few decades. This can be attributed to the continuous developments in the medical and healthcare industry. Besides, factors such as rising standards of living, improved nutrition, better education, and improvements in lifestyles have contributed to an increase in average life expectancy globally. This is increasing the number of years an individual may require retirement home services, which is driving the market growth
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