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:6/25/2017)... ... June 25, 2017 , ... Republicans in the United States Senate on ... the Better Care Reconciliation Act. It differs significantly from the American Health Care Act, ... reconciled in committee, or the House will have to take up the Senate version ...
(Date:6/25/2017)... ... June 25, 2017 , ... CareSet Labs released the ... New Orleans. This is a new, greatly improved version of the Doctor Referral teaming ... requests by Fred Trotter and subsequently called the the “Doctor Referral Dataset” as released ...
(Date:6/25/2017)... ... June 25, 2017 , ... June is Men’s Health Month and the focus is ... among men in the U.S. and the third most common cause of cancer related death ... man in seven will be diagnosed with prostate cancer during his lifetime. Those at ...
(Date:6/24/2017)... , ... June 24, 2017 , ... ... Erie, PA at the Sheraton Erie Bayfront and Erie Convention Center on June ... medicine experience, exhibits, a student quiz bowl, award and scholarship presentations, and professional ...
(Date:6/24/2017)... ... , ... The weather is heating up and the days are getting longer, ... aware that the summer months provide more than warmer temperatures that are perfect for ... negatively affected from direct exposure to the sun. When it comes to the security ...
Breaking Medicine News(10 mins):
(Date:6/20/2017)... and LAGUNA HILLS, Calif. , ... of new data that validate the use of MMprofiler ... patients with multiple myeloma (MM). In a poster presentation ... Hematology Association (EHA) in Madrid, Spain ... MMprofiler for identifying high-risk elderly patients. ...
(Date:6/16/2017)... 50 years ago today, the Monterey Pop Festival opened its ... San Francisco "Summer of Love."  To celebrate the anniversary, Northern ... strategic market research portals that it will begin delivering to ... Light,s "Summer of Love (For Our Customers)."  ... Northern ...
(Date:6/13/2017)... , June 13, 2017 Zimmer Biomet Holdings, Inc. ... today announced that the U.S. Food and Drug Administration (FDA) ... 3, 2015 relating to its Zhejiang, China ... "The successful clearance of the Warning Letter ... manufacturing facility is a measure of the progress we have ...
Breaking Medicine Technology: