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Global Retirement Home Services Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5031189
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The retirement home services market is poised to grow by $5,556.39 million during 2023-2027, accelerating at a CAGR of 3.34% during the forecast period. The market is driven by rising life expectancy, the aging baby boomer population, and the benefits offered by retirement homes.

This report on the retirement home services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The retirement home services market is segmented as below:

By Service

  • Independent living
  • Nursing
  • Assisted living

By Application

  • Elderly people
  • Disabled people

By Geography

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies technological advances as one of the prime reasons driving the retirement home services market growth during the next few years. Also, automation in retirement homes and the increasing popularity of retirement villages will lead to sizable demand in the market.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters.

This report on the retirement home services market covers the following areas:

  • Retirement home services market sizing
  • Retirement home services market forecast
  • Retirement home services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retirement home services market vendors that include 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, Senior Lifestyle, Sienna Senior Living Inc., Sompo Holdings Inc., Sonida Senior Living Corp., Sunrise Senior Living LLC, and Wickshire Senior Living. Also, the retirement home services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

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 Service
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 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
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 home services market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global retirement home services market 2017 - 2021 ($ million)
4.2 By service Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - By service Segment 2017 - 2021 ($ million)
4.3 By application Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - By application Segment 2017 - 2021 ($ million)
4.4 By geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - By geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Service
6.1 Market segments
Exhibit 30: Chart on Service - Market share 2022-2027 (%)
Exhibit 31: Data Table on Service - Market share 2022-2027 (%)
6.2 Comparison by Service
Exhibit 32: Chart on Comparison by Service
Exhibit 33: Data Table on Comparison by Service
6.3 Independent living - Market size and forecast 2022-2027
Exhibit 34: Chart on Independent living - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Independent living - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Independent living - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Independent living - Year-over-year growth 2022-2027 (%)
6.4 Nursing - Market size and forecast 2022-2027
Exhibit 38: Chart on Nursing - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Nursing - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Nursing - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Nursing - Year-over-year growth 2022-2027 (%)
6.5 Assisted living - Market size and forecast 2022-2027
Exhibit 42: Chart on Assisted living - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Assisted living - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Assisted living - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Assisted living - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Service
Exhibit 46: Market opportunity by Service ($ million)
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 ($ million)
Exhibit 52: Data Table on Elderly people - Market size and forecast 2022-2027 ($ million)
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 ($ million)
Exhibit 56: Data Table on Disabled people - Market size and forecast 2022-2027 ($ million)
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 ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 Canada - Market size and forecast 2022-2027
Exhibit 93: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 France - Market size and forecast 2022-2027
Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 AlerisLife Inc.
Exhibit 112: AlerisLife Inc. - Overview
Exhibit 113: AlerisLife Inc. - Business segments
Exhibit 114: AlerisLife Inc. - Key offerings
Exhibit 115: AlerisLife Inc. - Segment focus
12.4 American Retirement Homes Inc.
Exhibit 116: American Retirement Homes Inc. - Overview
Exhibit 117: American Retirement Homes Inc. - Product / Service
Exhibit 118: American Retirement Homes Inc. - Key offerings
12.5 British United Provident Association Ltd.
Exhibit 119: British United Provident Association Ltd. - Overview
Exhibit 120: British United Provident Association Ltd. - Business segments
Exhibit 121: British United Provident Association Ltd. - Key offerings
Exhibit 122: British United Provident Association Ltd. - Segment focus
12.6 Brookdale Senior Living Inc.
Exhibit 123: Brookdale Senior Living Inc. - Overview
Exhibit 124: Brookdale Senior Living Inc. - Business segments
Exhibit 125: Brookdale Senior Living Inc. - Key offerings
Exhibit 126: Brookdale Senior Living Inc. - Segment focus
12.7 Columbia Pacific Management
Exhibit 127: Columbia Pacific Management - Overview
Exhibit 128: Columbia Pacific Management - Product / Service
Exhibit 129: Columbia Pacific Management - Key offerings
12.8 Covai Property Centre (I) Pvt. Ltd.
Exhibit 130: Covai Property Centre (I) Pvt. Ltd. - Overview
Exhibit 131: Covai Property Centre (I) Pvt. Ltd. - Product / Service
Exhibit 132: Covai Property Centre (I) Pvt. Ltd. - Key offerings
12.9 Enlivant Master Mgmt CO LLC
Exhibit 133: Enlivant Master Mgmt CO LLC - Overview
Exhibit 134: Enlivant Master Mgmt CO LLC - Product / Service
Exhibit 135: Enlivant Master Mgmt CO LLC - Key offerings
12.10 Erickson Senior Living Management LLC
Exhibit 136: Erickson Senior Living Management LLC - Overview
Exhibit 137: Erickson Senior Living Management LLC - Product / Service
Exhibit 138: Erickson Senior Living Management LLC - Key offerings
12.11 Genesis Healthcare Inc.
Exhibit 139: Genesis Healthcare Inc. - Overview
Exhibit 140: Genesis Healthcare Inc. - Business segments
Exhibit 141: Genesis Healthcare Inc. - Key news
Exhibit 142: Genesis Healthcare Inc. - Key offerings
Exhibit 143: Genesis Healthcare Inc. - Segment focus
12.12 Home Instead Inc.
Exhibit 144: Home Instead Inc. - Overview
Exhibit 145: Home Instead Inc. - Product / Service
Exhibit 146: Home Instead Inc. - Key offerings
12.13 Korian
Exhibit 147: Korian - Overview
Exhibit 148: Korian - Product / Service
Exhibit 149: Korian - Key offerings
12.14 Life Care Companies, LLC
Exhibit 150: Life Care Companies, LLC - Overview
Exhibit 151: Life Care Companies, LLC - Product / Service
Exhibit 152: Life Care Companies, LLC - Key offerings
12.15 Senior Lifestyle
Exhibit 153: Senior Lifestyle - Overview
Exhibit 154: Senior Lifestyle - Product / Service
Exhibit 155: Senior Lifestyle - Key offerings
12.16 Sonida Senior Living Corp.
Exhibit 156: Sonida Senior Living Corp. - Overview
Exhibit 157: Sonida Senior Living Corp. - Product / Service
Exhibit 158: Sonida Senior Living Corp. - Key offerings
12.17 Wickshire Senior Living
Exhibit 159: Wickshire Senior Living - Overview
Exhibit 160: Wickshire Senior Living - Product / Service
Exhibit 161: Wickshire Senior Living - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations
imbalance

Executive Summary

The analyst recognizes the following companies as the key players in the global retirement home services market: 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, Senior Lifestyle, Sienna Senior Living Inc., Sompo Holdings Inc., Sonida Senior Living Corp., Sunrise Senior Living LLC, and Wickshire Senior Living.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is technological advances.'

According to the report, one of the major drivers for this market is rising life expectancy.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • Senior Lifestyle
  • Sienna Senior Living Inc.
  • Sompo Holdings Inc.
  • Sonida Senior Living Corp.
  • Sunrise Senior Living LLC
  • Wickshire Senior Living