Golden years: The aging population, rising home prices and disposable income will drive industry growth

The Retirement Communities industry in California has experienced healthy growth over the five years to 2017. Growth in the population of senior adults has boosted demand for industry services. In addition to favorable demographic trends, rising home prices and disposable income have provided senior adults with more resources to be able to afford monthly resident fees or entrance fees, encouraging them to move into retirement communities. Over the five years to 2022, the industry is poised for strong growth. The expanding population of aging baby boomers, coupled with rising home prices and disposable income, will drive industry growth. In light of surging demand, industry operators will bolster their construction efforts and open new facilities to maintain healthy occupancy more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
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Industry Threats & Opportunities

  • The expanding population of aging baby boomers, coupled with rising home prices and disposable income, will drive growth
  • The industry has experienced an increase in the number of niche retirement communities that target retirees with similar backgrounds
  • Industry operators will hire more workers, leading employment projected to expand
  • Industry Report - Industry Products Chapter

    Retirement communities offer a variety of services, including independent living, assisted living, skilled nursing and a combination of these, usually referred to as continuing care retirement communities. Facilities that primarily provide skilled nursing care are not included in this industry.Continuing care retirement communitiesContinuing care retirement communities (CCRCs) are age-restricted properties that include a combination of independent living, assisted living and skilled-nursing services available to residents all on one campus. CCRCs are typically geared toward individuals aged 60 and older. Resident payment plans vary and include entrance fee, condo/coop and rental programs.There are two defining characteristics of a CCRC. Fir...purchase to read more.

    Additional Insights for the Retirement Communities in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Retirement Communities in California Industry are

  • Superior financial management and debt management
  • Being familiar with local tastes and preferences
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Number of Adults Aged 65 and Older in California and Home Price Index in California in the Retirement Communities in California industry impact industry performance..

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    What is the Retirement Communities in California Industry?

    This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled-nursing or rehabilitative services.

    Industry Products
  • Continuing care retirement communities
  • Assisted living facilities and homes for the elderly
  • Industry Activities
  • Providing room and board
  • Nursing and other supervision
  • Assistance in daily living
  • Housekeeping services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of Adults Aged 65 and Older in California
  • Home Price Index in California
  • Per Capita Disposable Income in California
  • Federal funding for Medicare and Medicaid
  • Yield on 10-year Treasury note

  • Current Performance
  • Aging population is at the wheel
  • Niche retirement communities
  • Regulatory pressures
  • Chart: Revenue Growth

  • Industry Outlook
  • A new kind of retirement
  • Construction activity on the rise
  • Potential roadblocks
  • Table: Retirement Communities in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement Communities in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals
  • Nursing Care Facilities
  • Consumers

  • Key Selling Industries
  • Apartment & Condominium Construction
  • Community Food Services
  • Dry Cleaners
  • Home Care Providers
  • Janitorial Services
  • Public Administration
  • Real Estate Investment Trusts

  • Products & Services
  • Continuing care retirement communities
  • Assisted living facilities and homes for the elderly
  • Chart: Retirement Communities in California Industry Products and Services Segmentation

  • Major Markets
  • Females with incomes greater than $20,000
  • Females with incomes less than $20,000
  • Males with incomes greater than $20,000
  • Males with incomes less than $20,000
  • Chart: Major Market Segmentation for the Retirement Communities in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Retirement Communities in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Retirement Communities in California Industry

  • Brookdale Senior Living Inc.Genesis HealthCare CorporationHCR ManorCareHoliday RetirementIntegral Senior LivingPacifica Senior LivingSunrise Senior Living, Inc.
  • Table: Brookdale Senior Living Inc. - financial performance
  • Table: Genesis HealthCare Corporation - financial performance
  • Table: HCR ManorCare - financial performance
  • Table: Holiday Retirement - financial performance
  • Table: Integral Senior Living - financial performance
  • Table: Pacifica Senior Living - financial performance
  • Table: Sunrise Senior Living, Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement Communities in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Retirement Communities in California Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of Californians aged 65 and older (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Activities Of Daily Living (Adl)
  • Everyday activities such as bathing, grooming, eating, using the toilet and getting dressed.
  • Care For Alzheimer's Disease And Dementia
  • Care provided to individuals with memory impairment; can include medical and social assistance with activities of daily living.
  • Continuing Care Retirement Community (Ccrc)
  • A facility that provides individuals with a choice of services and living situations for the remainder of their lives.
  • Hospice Care
  • Care and comfort measures provided to those with a terminal illness and their families; can include medical, counseling and social services.
  • Nursing Home
  • A facility licensed by the state that provides 24-hour nursing care, room and board and activities for convalescent residents and those with chronic and/or long-term illnesses.
  • Why buy this report?

    IBISWorld’s Retirement Communities in California Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Retirement Communities in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Retirement Communities in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Retirement Communities in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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