Golden years: The industry will benefit from aging baby boomers and increased home prices and disposable income

Over the five years to 2017, as the overall population has increased in age, the Retirement Communities industry in Illinois has experienced strong growth. Over the five years to 2022, the industry is expected to continue to experience growth, driven by the expanding population of aging baby boomers, coupled with rising home prices and disposable income...purchase to read more.

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

Industry Threats & Opportunities

  • Industry facilities have outperformed continuing care retirement communities due to their comprehensive service offerings
  • The improving housing market and rising disposable income have contributed to industry growth
  • As the baby boomer generation reaches retirement age, demand for industry services will grow
  • Industry Report - Industry Key Buyers Chapter

    The Retirement Communities industry in Illinois is relatively fragmented and highly competitive. IBISWorld estimates that the top four industry players account for less than 25.0% of total industry revenue in 2017. The vast majority of industry players are privately owned and operated, catering their services to their local communities based on the population needs. Overall, the diversity of service offerings and low barriers to entry contribute to the fragmented nature of the industry.While the industry remains fragmented, Illinois is home to multiple larger industry players, giving it a medium market share concentration. For...purchase to read more.

    Additional Insights for the Retirement Communities in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Retirement Communities in Illinois 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 Illinois and Home Price Index in Illinois in the Retirement Communities in Illinois industry impact industry performance..

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    What's in this report

    What is the Retirement Communities in Illinois 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 Illinois
  • Home Price Index in Illinois
  • Per Capita Disposable Income in Illinois
  • Federal funding for Medicare and Medicaid
  • Yield on 10-year Treasury note

  • Current Performance
  • Aging population drives demand
  • Housing recovery and industry expansion
  • Regulatory challenges
  • Chart: Revenue Growth

  • Industry Outlook
  • Demographic swing spurs growth
  • Home prices underscore growing economy
  • Regulatory challenges
  • Table: Retirement Communities in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement Communities in Illinois 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 Illinois 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 Illinois Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • HCR ManorCare, Brookdale Senior Living Inc., Five Star Quality Care Inc., Genesis HealthCare Corporation, Sunrise Senior Living, Inc.,
  • Table: HCR ManorCare - financial performance
  • Table: Brookdale Senior Living Inc. - financial performance
  • Table: Five Star Quality Care Inc. - financial performance
  • Table: Genesis HealthCare Corporation - financial performance
  • Table: Sunrise Senior Living, Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement Communities in Illinois 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 Illinois Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Home Price Index in Illinois (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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Retirement Communities in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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