, /PRNewswire/ -- The global retirement home services market size is estimated to grow by .36 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.
6% during the forecast period. Rising life expectancy is driving market growth, with a trend towards technological advances. However, poor reputation of retirement homes poses a challenge.
Key market players include ABM Industries Inc., AlerisLife Inc., American Retirement Homes Inc.
, Ashiana Housing Ltd., British United Provident Association Ltd., Brookdale Senior Living Inc.
, Columbia Pacific Management, Covai Property Centre (I) Pvt. Ltd., Enlivant Master Mgmt CO LLC, Erickson Senior Living Management LLC, Genesis Healthcare Inc.
, Home Instead Inc., Korian, Life Care Companies LLC, Senior Lifestyle, Sienna Senior Living Inc., Sompo Holdings Inc.
, Sonida Senior Living Inc., Sunrise Senior Living LLC, and Wickshire Senior Living. Get a detailed analysis on regions, market segments, customer landscape, and companies - The retirement home services market is experiencing significant growth due to technological advances in long-term healthcare.
Internet penetration has led to the development of online platforms, mobile applications, and mHealth, increasing demand for assisted services like mobile applications, wearables, and trackers. Patient data management using computers and mobile phones, particularly mHealth and mobile-based healthcare applications, is a major advancement. Applicatio.
