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Retirement Communities in the US - Industry Market Research Report

  • June 2017
  • 40 pages
  • Ibisworld
Report ID: 156467

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

Retirement Communities in the US

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. As the housing market grows, more seniors will be able to sell their homes and pay resident fees. However, despite increased financing for the construction market, risk associated with bank-line renewal and the lower liquidity that many operators are experiencing will likely cause them to depend on real estate investment trusts to supply new industry facilities.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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