LONDON--(BUSINESS WIRE)--The global retirement home services market is expected to post a CAGR of more than 3% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the rising life expectancy of individuals. There has been an increase in the lifespan of individuals due to the decrease in death rates from cardiovascular and infectious diseases. In 2013, ischemic heart disease, chronic obstructive pulmonary disease, and stroke contributed to one-third of the deaths globally.
This market research report on the global retirement home services market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increasing adoption of retirement villages as one of the key emerging trends in the global retirement home services market:
Global retirement home services market: Increasing adoption of retirement villages
Senior citizens require specialized housing, which caters to their needs. Contrary to seniors living in America, the concept of retirement housing in developing economies such as India continues to be associated with a major social stigma. This restricts the growth of the market. But, there has been an increasing realization about the benefits of retirement homes among urban households.
“Optimal retirement options need to be considered for maintaining a decent quality of life. Therefore, some senior citizens prefer to retire in urban fringes or retirement villages. Some retirement villages offer entertainment options presented through Internet-connected smart TVs along with in-house service,” says a senior analyst at Technavio for research on construction.
Global retirement home services market: Segmentation analysis
This market research report segments the global retirement home services market by service (independent living, nursing, and assisted living) and geography (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with more than 39% of the market share. It was followed by EMEA and APAC, respectively. The Americas is expected to dominate the global market throughout the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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