Old-Age Facilities Construction Market Report 2026

Old-Age Facilities Construction Market Overview

• Old-Age Facilities Construction market size has reached to $260.26 billion in 2025 • Expected to grow to $377.81 billion in 2030 at a compound annual growth rate (CAGR) of 7.7% • Growth Driver: Increasing Healthcare Expenditure Driving Market Growth Through Greater Investment In Advanced Medical Infrastructure And Elderly Care Facilities • Market Trend: Technological Innovations In Senior Care Facilities Enhancing Health Monitoring And Personalized Support • North America was the largest region and fastest growing region.

What Is Covered Under Old-Age Facilities Construction Market?

Old-age facilities construction refers to the development and building of infrastructure designed to accommodate and support the elderly population. It includes constructing retirement homes, assisted living facilities, nursing care centers, and senior housing communities that offer safe, comfortable, and accessible living environments for aging individuals. The main construction types of old-age facilities construction are new construction and renovation. New construction involves creating entirely new structures or expanding existing ones, excluding repairs or modifications to current components. Facility types in old-age facilities include assisted living, nursing homes, independent living, memory care facilities, continuing care retirement communities (CCRCs), hospice facilities, and rehabilitation centers, offering levels of care such as medical care services, personal care services, rehabilitation services, skilled nursing care, and social and recreational activities. These are applied across various age groups, including more than 85 years, 75-84 years, 65-74 years, and less than 65 years, and cater to end users in the private sector, public sector, and hybrid models.

What Is The Old-Age Facilities Construction Market Growth Forecast?

The old-age facilities construction market size is expected to see strong growth in the next few years. It will grow to $377.81 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing use of smart monitoring and AI-assisted care systems, rising demand for energy-efficient facilities, expansion of modular and prefabricated construction solutions, growing integration of robotics in facility management, development of digitally connected elderly care environments. Major trends in the forecast period include integration of smart elderly care systems, adoption of energy-efficient building designs, deployment of AI-based monitoring and safety technologies, expansion of robotics-assisted facility operations, implementation of connected facility management platforms.

Global Old-Age Facilities Construction Market Segmentation

1) By Construction Type: New Construction, Renovation 2) By Type Of Facility: Assisted Living, Nursing Homes, Independent Living, Memory Care Facilities, Continuing Care Retirement Communities (CCRCs), Hospice Facilities, Rehabilitation Centers 3) By Level Of Care Services: Medical Care Services, Personal Care Services, Rehabilitation Services, Skilled Nursing Care, Social And Recreational Activities 4) By Application: More Than 85 Years, 75-84 Years, 65-74 Years, Less Than 65 Years 5) By End User: Private Sector, Public Sector, Hybrid Models Subsegments: 1) By New Construction: Independent Senior Living, Assisted Living, Memory Care Facilities 2) By Renovation: Facility Expansion, Interior Upgrades, Safety And Accessibility Enhancements

What Is The Driver Of The Old-Age Facilities Construction Market?

The increasing healthcare expenditure is expected to propel the growth of the old-age facilities construction market going forward. Healthcare expenditure refers to the total spending on medical services, equipment, and technologies aimed at improving health outcomes. Healthcare expenditure is growing due to the increasing demand for advanced medical technologies, as hospitals and clinics invest more in innovative equipment and digital solutions to improve patient care and outcomes. Higher healthcare expenditure supports the construction of old-age facilities by allocating more resources toward building infrastructure that offers medical care, rehabilitation, and assisted living services, ensuring better support and quality of life for older adults. For instance, in June 2025, according to the Centers for Medicare & Medicaid Services, a US-based government agency, in 2023, national health expenditures (NHE) grew by 7.5%, reaching $4.9 trillion, which averages $14,570 per person and represents 17.6% of the Gross Domestic Product (GDP). Therefore, the increasing healthcare expenditure is driving the growth of old-age facilities construction industry.

Key Players In The Global Old-Age Facilities Construction Market

Major companies operating in the old-age facilities construction market are China Resources Land Limited, Skanska AB, AECOM, Whiting-Turner Contracting Company, DPR Construction Inc., PCL Construction Ltd., Gilbane Building Company, McCarthy Building Companies, Barton Malow Company, Ryan Companies US Inc., The Weitz Company, Senior Lifestyle Corporation, The Korte Company, Leisure Care LLC, W.E. O'Neil Construction, Benchmark Construction, Life Care Services, Miles-McClellan Construction Co., Andron Construction Corp., Clark Construction Group, Advanced Building Corporation.

Global Old-Age Facilities Construction Market Trends and Insights

Major companies operating in the old-age facilities construction market are focusing on developing advanced approaches, such as bioelectrical impedance scanning to enhance senior health monitoring, improve personalized care, and optimize facility management. Bioelectrical impedance scanning refers to a method that assesses body composition and hydration levels by passing a safe, low electrical current through the body and measuring the opposition (impedance) to the current. For instance, in August 2025, PhantomOmics Inc., a Canada-based technology company, partnered with Garden Loft, a Canada-based architecture company, to launch the world's first smart modular senior homes embedded with advanced health scanning technology. It provides continuous, non-contact health monitoring, enhancing safety and enabling early intervention for seniors. They preserve independence and privacy while seamlessly integrating with smart home systems to deliver peace of mind for families. This innovative approach allows seniors to age with dignity in supportive environments, reducing the need for costly emergency care.

What Are Latest Mergers And Acquisitions In The Old-Age Facilities Construction Market?

In October 2025, Ahrens Group, an Australia-based construction company, acquired Vaughan Constructions Pty. Ltd. for an undisclosed amount. With this acquisition, Ahrens Group aims to create a stronger, more sustainable, and truly national construction partner by leveraging combined expertise, expanding its footprint especially on the eastern seaboard, strengthening supply chains, and delivering greater opportunities and innovative projects for clients and communities. Vaughan Constructions Pty. Ltd. is an Australia-based construction company that offers old-age facilities construction.

Regional Insights

North America was the largest region in the old-age facilities construction market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Old-Age Facilities Construction Market?

The old-age facilities construction market includes revenues earned by entities by providing services such as design and architecture services, project management, and renovation and retrofitting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in theOld-Age Facilities Construction Market Report 2026?

The old-age facilities construction market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the old-age facilities construction industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.