LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global retirement home services market size and it is poised to grow by USD 4.95 billion during 2020-2024, progressing at a CAGR of over 3% 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
-
What was the size of the retirement home services market in 2019?
As per Technavio, the global market size was USD 29.58 billion in 2019. -
Based on segmentation by service, which is the leading segment in the market?
Independent living is the leading segment in the market. -
What is a major trend in the market?
The increasing popularity of retirement villages is one of the key trends in the market. -
At what rate is the market projected to grow?
Growing at a CAGR of over 3%, the market growth will accelerate during the forecast period of 2020-2024. -
Who are the top players in the market?
Brookdale Senior Living Inc., Capital Senior Living Corp., Erickson Living Management LLC, Five Star Senior Living Inc., Genesis Healthcare Inc., Holiday AL Management Sub LLC, Home Instead Inc., Senior Lifestyle, Sienna Senior Living Inc., and Sompo Holdings Inc. are some of the major market participants. -
How big is the North American market?
The market in North America was valued at USD 10.42 billion in 2019.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Brookdale Senior Living Inc., Capital Senior Living Corp., Erickson Living Management LLC, Five Star Senior Living Inc., Genesis Healthcare Inc., Holiday AL Management Sub LLC, Home Instead Inc., Senior Lifestyle, Sienna Senior Living Inc., and Sompo Holdings Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
The benefits offered by retirement homes has been instrumental in driving the growth of the market. However, the social stigma associated with old age homes might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Retirement Home Services Market 2020-2024: Segmentation
Retirement Home Services Market is segmented as below:
-
Service
- Independent Living
- Nursing
- Assisted Living
-
Geographic Landscape
- North America
- Europe
- APAC
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43645
Retirement Home Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The retirement home services market report covers the following areas:
- Retirement Home Services Market Size
- Retirement Home Services Market Trends
- Retirement Home Services Market Industry Analysis
This study identifies the increasing popularity of retirement villages as one of the prime reasons driving the retirement home services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Retirement Home Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist retirement home services market growth during the next five years
- Estimation of the retirement home services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the retirement home services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of retirement home services market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Service
- Market segments
- Comparison by Service
- Independent living - Market size and forecast 2019-2024
- Nursing - Market size and forecast 2019-2024
- Assisted living - Market size and forecast 2019-2024
- Market opportunity by Service
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers – Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Brookdale Senior Living Inc.
- Capital Senior Living Corp.
- Erickson Living Management LLC
- Five Star Senior Living Inc.
- Genesis Healthcare Inc.
- Holiday AL Management Sub LLC
- Home Instead Inc.
- Senior Lifestyle
- Sienna Senior Living Inc.
- Sompo Holdings Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
