Global Senior Living Market 2024-2028

Description

List of Tables

The senior living market is forecasted to grow by USD 127.37 bn during 2023-2028, accelerating at a CAGR of 5.9% during the forecast period. The report on the senior living market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by aging baby boomer population, changing lifestyles and preferences among senior citizens, and rising life expectancy of people.

Technavio's senior living market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.32%
CAGR	5.9%
Incremental Value	$127.37bn

By Service

Assisted living
Independent living
CCRC

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increasing technological advances in long-term healthcare as one of the prime reasons driving the senior living market growth during the next few years. Also, shift towards personalized and holistic care approaches and increasing popularity of retirement villages will lead to sizable demand in the market.

The report on the senior living market covers the following areas:

Senior living market sizing
Senior living market forecast
Senior living market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading senior living market vendors that include Affinity Living Communities, Belmont Village L.P., Brookdale Senior Living Inc., Covenant Living Communities and Services, Enterprise Retirement Living Ltd., Erickson Senior Living, Extendicare Canada Inc, Genesis Healthcare Inc., Golden Heights Personal Care Home, Grand world Elder Care, HC One Ltd., Lendlease Corp., Life Care Centers of America, Merrill Gardens, New Max India Ltd., ProMedica, Senior Lifestyle, Sunrise Senior Living, Wickshire Senior Living, and AbsoluteCare. Also, the senior living market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR74821

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global senior living market 2018 - 2022
4.2 Service Segment Analysis 2018 - 2022
4.3 Geography Segment Analysis 2018 - 2022
4.4 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Service

6.1 Market segments
6.2 Comparison by Service
6.3 Assisted living - Market size and forecast 2023-2028
6.4 Independent living - Market size and forecast 2023-2028
6.5 CCRC - Market size and forecast 2023-2028
6.6 Market opportunity by Service

7 Customer Landscape

7.1 Customer landscape overview

8 Geographic Landscape

8.1 Geographic segmentation
8.2 Geographic comparison
8.3 North America - Market size and forecast 2023-2028
8.4 Europe - Market size and forecast 2023-2028
8.5 APAC - Market size and forecast 2023-2028
8.6 South America - Market size and forecast 2023-2028
8.7 Middle East and Africa - Market size and forecast 2023-2028
8.8 US - Market size and forecast 2023-2028
8.9 China - Market size and forecast 2023-2028
8.10 Canada - Market size and forecast 2023-2028
8.11 Germany - Market size and forecast 2023-2028
8.12 France - Market size and forecast 2023-2028
8.13 Market opportunity By Geographical Landscape

9 Drivers, Challenges, and Trends

9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends

10 Vendor Landscape

10.1 Overview
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks

11 Vendor Analysis

11.1 Vendors covered
11.2 Market positioning of vendors
11.3 AbsoluteCare
11.4 Affinity Living Communities
11.5 Brookdale Senior Living Inc.
11.6 Covenant Living Communities and Services
11.7 Enterprise Retirement Living Ltd.
11.8 Erickson Senior Living
11.9 Extendicare Canada Inc
11.10 Genesis Healthcare Inc.
11.11 HC One Ltd.
11.12 Lendlease Corp.
11.13 Life Care Centers of America
11.14 ProMedica
11.15 Senior Lifestyle
11.16 Sunrise Senior Living
11.17 Wickshire Senior Living

12 Appendix

12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations