Global Retirement Home Services
Market Report
2025
The global Retirement Home Services market is growing at a compound annual growth rate (CAGR) of 3.90% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Retirement Home Services market is growing at a compound annual growth rate (CAGR) of 3.90% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Retirement Home Services Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 3.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Service |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Retirement Home Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A retirement home is a multi-residence living complex designed for the elderly, sometimes known as an old people's home or old age home. Everyone or a couple resides in a room or suite of rooms that is akin to an apartment. There are more facilities in the building. This will include places for gathering, eating, playing, and receiving some kind of health or medical care. One of the main factors propelling the growth of the retirement home services market is the rising number of aging baby boomers. One of the most important global demographic trends at the moment is the rise in the number of persons 65 and older. There will be a greater demand for nursing care as the number of aging baby boomers rises.
For instance, even though India is a welfare state and has various laws that are specifically aimed at senior citizens, it still lags behind developed nations in terms of caring for its elderly population. By 2023, the number of elderly citizens living in India is expected to be close to 139.4 million, according to the Ministry of Statistics and Programme Implementation. Furthermore, in 1961, 5.6% of Indians were 60 years of age or older. According to government statistics, this percentage increased to 10.1% in 2021 and is predicted to reach 13.1% in 2031.
(Source:www.drishtiias.com/daily-updates/daily-news-editorials/ageing-in-india-state-of-the-elderly)
People are living longer lives than they were a few decades ago. This is due to low rates of cardiovascular and infectious disease mortality. The majority of deaths in the world were caused by three primary health conditions: ischemic heart disease, chronic obstructive pulmonary disease (COPD), and stroke.
Since the 1990s, the average number of fatalities has grown. The number of people dying from illnesses such as heart disease has increased as the world population has grown.
The decrease in age-specific mortality rates for various illnesses is evidence of the healthcare industry's success.Life expectancy increases as a result of breakthroughs in public healthcare facilities and significant developments in the healthcare business, as well as higher living standards, increased nutrition, better education, and lifestyle changes. An individual's global average age is mostly determined by living conditions and place of residence. These factors will boost market growth during the forecast period.
During the forecast period, technological advancements in long-term healthcare are anticipated to propel market expansion. This is brought on by the increase in Internet usage, which has sparked the development of online marketplaces, mobile apps, and mHealth. There is a rising need for support services including smartphone apps, trackers, wearables, communication tools, and smart alarms. These tools allow nurses and caregivers to monitor, document, and observe patients as well as connect with medical specialists.The use of computer and mobile phone-based patient data management among these technologies is spreading throughout long-term care.
Apps that create electronic health records (EHRs) and mobile health records (MHRs) are now available, making it simpler for consumers and healthcare professionals to access and exchange health information.
(Source:health-e.in/blog/phr-apps-india/)
The main technological advancements are mHealth and mobile-based healthcare applications that produce electronic health records (EHRs) and mobile health records (MHRs). When there are medical emergencies, other technologies, like alarm integration methods, are employed to notify service providers and caregivers. As they lessen the dependency on carers, smart houses are becoming more popular in industrialized nations. Thus, the market's expansion over the course of the forecast period will be fueled by the rising acceptance of such cutting-edge technical solutions.
Though living in the comfort of one's own home is always preferable, living in an old age home has its advantages. However, just a few old age facilities provide the bare minimum of quality for a comfortable stay. The cost of services supplied by old age homes is heavily influenced by the quality of those services. Many individuals enroll in retirement homes that lack basic infrastructure and services because they cannot afford the hefty service fees. Residents at nursing facilities are rarely given privacy. The environment in certain nursing facilities frequently results in despair, boredom, neglect, and, in some cases, abuse.
Due to the risk of getting the virus in communal living arrangements, the pandemic has reduced demand for retirement homes. However, the epidemic has increased demand for retirement homes that provide specialized nursing care services. Retirement homes that provide specialized services for nursing care are growing more popular as individuals seek a safe and comfortable place to live.
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The Retirement Home Services industry is made up of several suppliers who cater to the needs of older people looking for a comfortable and supportive living environment. Large enterprises, regional operators, and nonprofit groups are among the primary participants in this sector. There are also smaller regional operators and local retirement homes that serve specific towns or geographic areas. These providers may provide specialized services or concentrate on certain markets, resulting in a more intimate and community-oriented living environment.
October 20, 2022, AshianaHousing announced plans to invest INR 92 crore (USD 1.12 million) in the first phase of a new senior housing project in Bhiwadi, Rajasthan. AshianaAdvik, a new project for the elderly, has been inaugurated by the firm in Sector 39, Bhiwadi.
August 2022, Ratan Tata, a pioneer in the IT industry, announced an undisclosed investment in Goodfellows, a company that provides senior citizens with companionship as a service. The 80-year-old industrialist has been an avid backer of startups since standing down as CEO of the salt-to-software Tata Group. He has invested in over 50 enterprises to date.
Top Companies Market Share in Retirement Home Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America will continue to dominate the market in 2022, accounting for more than 40% of worldwide revenue. The demographic prognosis for North America is encouraging, and the region has a strong market potential that offers significant and recurring investment opportunities. Countries such as the United States will require significant senior home facilities as well as other retirement care services during the predicted period to meet the region's increased demand, which is mostly due to the increasing number of Baby Boomers reaching retirement age.
The United States is predicted to develop at the quickest rate in the Retirement Home Services Market due to an aging population, increased demand for retirement homes that provide specialized nursing care, and increased usage of digital technology.
Due to the increased demand for retirement homes that provide specialized nursing care, the Asia Pacific region is likely to experience the fastest development in the Retirement Home Services Market in the coming years. This demand is being fuelled by the region's aging population. Due to the increasing demand for nursing care as people age, the Asia Pacific region is likely to witness considerable growth in the nursing segment of the Retirement Home Services Market.
The current report Scope analyzes Retirement Home Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Retirement Home Services Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Retirement Home Services Industry growth. Retirement Home Services market has been segmented with the help of its Service, Application , and others. Retirement Home Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Retirement homes with independent living amenities provide retired persons a lifestyle alternative that blends age-appropriate living with less everyday housework. Individuals who choose independent living in retirement homes are frequently in good health and can cover the majority of their own maintenance costs. Some well-known providers of independent living services include Brookdale Senior Living, Erickson Living Management, and Five Star Senior Living. Housing arrangements in the independent living sector range from apartment-style communities to housing cooperatives. Residents in this part live in private homes and have access to communal community areas. Individual dwelling quarters in independent living facilities are similar to those found in a small home or apartment since they are meant for senior persons who want to live independently.
Nursing is a significant sector of the Retirement Home Services Market. This is due to the fact that many people require nursing care as they age. Retirement homes that provide specialist nursing care are included in the nursing category. Medication management, wound care, and other medical services are examples of these services.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Retirement Home Services Industry. Request a Free Sample PDF!
The elderly are the fastest-increasing group of the Retirement Home Services Market. This is due to the world's growing population of baby boomers. The demand for retirement homes is predicted to skyrocket as the baby boomers age. This is due to the fact that many baby boomers are looking for a safe and comfortable environment to spend their senior years. The older population is predicted to expand steadily over the forecast period, having a substantial impact on economic growth.
The retirement home services market's second-most significant category is the segment for disabled individuals. This is due to the fact that many individuals with disabilities are looking for a cozy and safe environment to reside. The need for retirement communities that provide for the needs of the disabled is anticipated to rise dramatically as the population of people with disabilities rises. People are increasingly looking for safe and comfortable retirement communities that include specific services for the disabled.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Retirement Home Services Market is witnessing significant growth in the near future.
In 2023, the Independent Living segment accounted for noticeable share of global Retirement Home Services Market and is projected to experience significant growth in the near future.
The Elderly people segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABM Industries Inc. , American Retirement Homes Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Service | Independent Living, Nursing, Assisted Living |
Application | Elderly people, Disabled people |
List of Competitors | 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. |
This chapter will help you gain GLOBAL Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review Global Retirement Home Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review North America Retirement Home Services Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review Europe Retirement Home Services Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review Asia Pacific Retirement Home Services Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review South America Retirement Home Services Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review Middle East Retirement Home Services Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Retirement Home Services. Further deep in this chapter, you will be able to review Middle East Retirement Home Services Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Retirement Home Services. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Service Analysis 2019 -2031, will provide market size split by Service. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Service Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Retirement Home Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Independent Living have a significant impact on Retirement Home Services market? |
What are the key factors affecting the Independent Living and Nursing of Retirement Home Services Market? |
What is the CAGR/Growth Rate of Elderly people during the forecast period? |
By type, which segment accounted for largest share of the global Retirement Home Services Market? |
Which region is expected to dominate the global Retirement Home Services Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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