, /PRNewswire/ -- The global retirement communities market size is estimated to grow by from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.25% during the forecast period.
Rising life expectancy is driving market growth, with a trend towards favorable business opportunities for real estate developers. However, offering proper healthcare solutions poses a challenge. Key market players include Affinity Living Communities, AlerisLife Inc.
, American Retirement Homes Inc., British United Provident Association Ltd., Brookdale Senior Living Inc.
, Enlivant Master Mgmt CO LLC, Erickson Senior Living Management LLC, Front Porch, Genesis Healthcare Inc., HC One Ltd., Honor Technology Inc.
, Interim HealthCare Inc., Korian, Life Care Companies LLC, Senior Lifestyle, Sienna Senior Living Inc., Sonida Senior Living Inc.
, Sunrise Senior Living LLC, Village Concepts, and Wickshire Senior Living. Get a detailed analysis on regions, market segments, customer landscape, and companies- The retirement communities market presents significant opportunities for real estate developers, particularly in the outskirts of urban areas. Buyers prefer peaceful environments with open spaces, leading to strong demand for projects in suburban locations.
Developers benefit from lower land costs and reduced construction expenses due to smaller home sizes. This trend is expected to increase investments in retirement communities, boosting demand for related services. The re.