Navigation Links
Retirement Communities in the US Industry Market Research Report from IBISWorld Has Been Updated
Date:10/24/2013

Los Angeles, CA (PRWEB) October 24, 2013

The Retirement Communities industry is forecast to exhibit accelerated growth in the next two decades. An aging population and growing need for dementia care (care provided to those with memory impairment) are stimulating much of the industry's growth. Retirement communities provide a number of services to assist seniors who suffer from chronic illnesses or with activities of daily living. In the past five years, the number of assisted living facilities that provide dementia care has risen as a proportion of total facilities. While the industry has exhibited some resistance to the recession, a poor housing market hampers individuals' ability to move into a community because many seniors finance the expenses of retirement communities through selling their houses. As a result, the housing market's downturn over the past five years has stifled industry revenue growth. During this period, IBISWorld estimates that industry revenue will grow at an annualized rate of 3.2% per year to $53.9 billion, including a projected 3.1% jump in 2013.

According to IBISWorld Industry Analyst Anna Son, “Profit has been pressured slightly since 2008, mainly due to the costs associated with regulation compliance, although most companies have managed to maintain profitability through higher rent and entrance fees.” In addition, profit margins for the Retirement Communities industry have benefited from the cutback in the supply of facilities due to hindered construction, which increased occupancy levels in existing facilities. As a result, higher occupancy rates were able to buoy the industry's profit margins, offsetting the declines in demand from those affected by the recession.

In the five years to 2018, an improving economic environment, an aging population, healthcare reform legislation and new services will facilitate industry growth. IBISWorld estimates industry revenue will grow by 2018. “As the housing market improves, more seniors will be able to sell their homes and pay resident fees,” says Son. However, despite increased financing for the construction market, the supply of retirement and assisted living facilities is expected to lag behind demand. As a result, mergers and acquisitions are expected to become more common the five years to 2018. In addition, technological advances and new architectural designs will play a crucial role in industry growth as demand for innovative amenities strengthens.

The Retirement Communities industry is highly fragmented. Consolidation slowed during the recessionary years of 2008 and 2009, when lending was difficult to secure from banks. However, banks and private equity entities are beginning to view retirement homes and assisted living as a desirable sector again, and the major real estate investment trusts in senior housing are well-positioned to invest again. However, many of the acquisitions made during the coming years will likely be distressed properties, and high-end properties are unlikely to be sold.

For more information, visit IBISWorld’s Retirement Communities in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This Retirement Communities industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled nursing or rehabilitative services.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/10/prweb11263524.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Americans dont contribute enough to retirement funds, MU researcher finds
2. Piedmont Crossing Retirement Community Announces New Administrator
3. Smart Financial Strategies, Inc. Issues New Tip Sheet: How Big is Your Retirement Shortfall?
4. Get Real Health’s InstantPHR™ Powers Moorings Park Retirement Community Health Management Portal
5. Spouses play an important role in planning for retirement, researcher finds
6. Net Worth Commerce TV Offers a Segment on Planning for Retirement
7. Retirement Community to Host Alzheimer's Awareness Event
8. Bcd Electro Announces Electronics Recycling News and White Paper: Asset Retirement Should Be in a Company's Action Plan
9. Ohio Presbyterian Retirement Services Partners with Northwest Ohio ACO to Give Right Care at Right Time
10. Retirement Community Uses Belly Scarves for Square Dancing
11. Attorney Article Comments on 401(k) Fees Documentary, "The Retirement Gamble"
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... ... 2017 , ... Source Vitál Apothecary, a skin and body care company dedicated ... company had a successful visit to the 2017 ECRM Diet, Vitamin & Sports Nutrition ... in the nutritional, sports and health industries a chance to meet in private sessions ...
(Date:1/20/2017)... ... January 20, 2017 , ... Lice Troopers, the lice removal company ... with school-aged children since the holiday season. , “It happens every year around ... sharing hugs and taking photos, which is the head-to-head gateway that lice need to ...
(Date:1/20/2017)... ... 2017 , ... Michael and Betsy Brauser celebrated 5 years of Betsy’s participation ... trial has been life-saving as she has been on the trial for more ... diagnosed with ovarian cancer in 2009. She underwent standard chemotherapy but a year later ...
(Date:1/20/2017)... ... ... Magdalene: Grace is Greater than Sin”: a unique and memorable piece of literature ... Grace is Greater than Sin” is the creation of published author, Brenda Roberts, a ... had little knowledge of the female characters portrayed in the Holy Bible. , ...
(Date:1/20/2017)... ... ... examination of how God handles sin, including how to let go of lingering guilt and ... ten long years has been waiting to release this powerful insight about forgiveness that the ... the Lord for over twenty years, and he has been preaching and teaching the Word ...
Breaking Medicine News(10 mins):
(Date:1/21/2017)... ARMO BioSciences, Inc., a late-stage immuno-oncology company, ... lead investigational immuno-oncology drug AM0010 (PEGylated Interleukin-10) at the ... of Clinical Oncology (ASCO), taking place January 19-21, 2017 ... "AM0010 induces the expansion of novel T ... in the blood and tumors of our patients," said ...
(Date:1/20/2017)... , Jan 20, 2017 Research ... Testing Market By Type ([CBC, HGB/HCT, BMP, BUN Creatinine, Electrolyte Testing, ... By End-use, And Segment Forecasts, 2013 - 2024" report to ... ... 198.5 billion by 2024 Introduction of innovative solutions on ...
(Date:1/20/2017)... DUBLIN , Jan 20, 2017 ... Pharmaceutical Stability Testing Market Trends, Opportunities, and Future" report to ... ... market sizing, emerging trends, and technologies, and provides a snapshot of ... year is 2015 and forecasts are provided from 2016 to 2020. ...
Breaking Medicine Technology: