Retirement Communities is a housing complex for the elderly who are generally able to care for themselves. They might require assistance from home care agencies, activities and socialization opportunities are often provided by residential communities. These are designed for residents who have retired from their active working life.
The global retirement communities market was valued at $25.2 billion in 2017. North America was the largest geographic region accounting for $10.46 billion or 41.50% of the global market. And the USA was the largest country accounting for $9.12 billion or 36.20% of the global retirement communities services market.
Retirement communities designed to appeal to niche groups of seniors with similar cultures and tastes. Retirement communities are now offering enjoyable activities which is more person-centric such as yoga, tai chi, exercise classes, game nights, barbecues, book clubs, and organized group outings to theaters, museums, and restaurants with a greater emphasis on meaningful socialization.
Companies Covered: Brookdale Senior Living Inc., Aveo Group, Stockland
Market Segments Included: Assisted Living Facilities; Assisted Living Facilities For The Elderly Without Nursing Care; Continuing Care Retirement Communities; Rest Homes Without Nursing Care
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