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.
Key Benefits for Industry Players & Stakeholders ?
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers(purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
Download the sampleto 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)
Inclusion:
Independent living:
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.
To get detailed insights about inclusions and exclusions, buy now.
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What are the key data covered in the retirement home services market?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the retirement home services market between 2023 and 2027
Precise estimation of the size of the retirement home services market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the cloud data warehouse market industry across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of retirement home services market vendors
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
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)
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
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