Golden years: Aging population, new programs and offerings will benefit the industry

The Retirement Communities industry is forecast to exhibit accelerated growth in the next two decades. An aging population and growing need for dementia care are stimulating much of the industry's growth. Retirement communities provide many services to assist seniors that suffer from chronic illnesses or with activities of daily living. In the past five years, the number of assisted living facilities that provide dementia care has risen as a proportion of total facilities. Industry profit margins benefited from slow growth in new senior housing starts early in the five-year period, which increased occupancy levels across existing facilities. In the five years to 2022, a growing economy, an aging population, healthcare reform and new services will facilitate industry growth...read more.

Industry Statistics & Market Size
Revenue
$66bn
Annual Growth 12-17
3.5%
Forecast Growth 17-22
Profit
Employment
984,207
Businesses
46,049
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • An aging population and an improving economic environment will facilitate growth
  • Higher occupancy rates have helped buoy industry profit margins
  • The housing market is projected to regain some strength as a result of the improving economy
  • Industry Report - Industry Analysis Chapter

    Demand for the Retirement Communities industry is on the rise, with an aging population and a growing need for Alzheimer’s and dementia care responsible for much of the industry’s growth. Alzheimer’s and dementia care are provided to individuals with memory impairment, which can include medical and social assistance with the activities of daily living, including bathing, eating and dressing. The percentage of the population aged 65 and older is growing, driving up demand for these services. As a result, industry revenue is expected to grow at an annualized rate of 3.5% to $66.3 billion in the five years to 2017, including a projected 4.7% increase in 2017.The decision to move into a retirement community is influenced by an individual’s ability to pay for the services. Sin...purchase to read more.

    Additional Insights for the Retirement Communities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Retirement Communities 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 and House price index in the Retirement Communities industry impact industry performance..

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    What is the Retirement Communities 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
  • House price index
  • Per capita disposable income
  • Federal funding for Medicare and Medicaid
  • Yield on 10-year Treasury note

  • Current Performance
  • Aging population and dementia care bolstering demand
  • Satisfactory occupancy levels
  • Regulatory changes
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing market grows
  • Healthcare reform and other legislation
  • A new kind of retirement
  • Changing supply model
  • Table: Retirement Communities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement Communities 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
  • Other
  • Chart: Retirement Communities Industry Products and Services Segmentation

  • Demand Determinants
  • Aging population is at the wheel
  • Wealth affects affordability
  • Industry demand is needs-based

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation
  • Marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Retirement Communities

  • Basis of Competition
  • Location

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Retirement Communities Industry

  • Industry Globalization
    Brookdale Senior Living Inc.
  • Table: Brookdale Senior Living Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement Communities 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • House price index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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?

    The Retirement Communities industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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