Retirement Communities Market size was valued at USD 100 Billion in 2024 and is projected to reach USD 150 Billion by 2033, exhibiting a CAGR of 4.8% from 2026 to 2033.
The global retirement communities market was valued at approximately USD 100 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This growth can be attributed to the rising aging population worldwide, increasing demand for assisted living services, and the growing preference for independent and luxurious living spaces among older adults. North America held the largest market share in 2022, accounting for nearly 40% of the total market, driven by high healthcare expenditure, a large number of retirees, and the increasing demand for upscale retirement living options. Europe also witnessed significant growth, with the market size reaching approximately USD 30 billion in 2022 and expected to grow at a moderate pace during the forecast period. The presence of established healthcare systems and the rising number of elderly people in countries like Germany, the UK, and France are key factors contributing to the markets growth in the region.
In the Asia Pacific region, the retirement communities market is anticipated to grow at the highest CAGR of 8.2% during the forecast period, primarily due to the aging population in countries such as Japan, China, and India. The demand for retirement communities in these regions is driven by the need for affordable living spaces with access to healthcare services. In Latin America, the market size is expected to grow steadily, reaching around USD 7 billion by 2030, fueled by improvements in healthcare and increasing awareness of senior living facilities. The Middle East & Africa market is also expected to grow significantly due to the rising interest in retirement communities and healthcare infrastructure development in countries like the UAE and Saudi Arabia.
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Rio Verde Community and Country Club
Covenant Shores
Solivita
The Clare
Del Webb at Lake Oconee
The Villages
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Retirement Communities Market
55-65 Years
66-75 Years
76+ Years
Active Lifestyle Communities
Assisted Living Facilities
Continuing Care Retirement Communities (CCRC)
Independent Living Communities
Low-Care Requirement
Moderate-Care Requirement
High-Care Requirement
Low-Income Seniors
Middle-Income Seniors
High-Income Seniors
Rental Communities
Owned Communities
Cooperative Housing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Retirement Communities Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Retirement Communities Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Retirement Communities Market, By Type
6. Global Retirement Communities Market, By Application
7. Global Retirement Communities Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Retirement Communities Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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