The retirement home services market will witness an incremental growth of USD 4.95 billion during 2021-2025, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
The rising population of baby boomers will significantly drive the Retirement Home Services Market growth during this region over the forecast period. Benefits offered by retirement homes will boost the Retirement Home Services Market growth. The increasing popularity of retirement villages will have a positive impact on the Retirement Home Services Market. The Global Retirement Home Services Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Market segment by players, this report covers
Brookdale Senior Living Solutions
Erickson Living
Holiday Retirement
Life Care Services
Five Star Senior Living
Sunrise Senior Living
Atria Senior Living
Senior Lifestyle
Capital Senior Living
Affinity Living Group
Enlivant
Home Instead
Sompo Holdings
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Market segment by Type, covers
Independent Living Service
Nursing Service
Assisted Living Service
Other
Market segment by Application, can be divided into
Elderly People
Disabled People
Other
COVID-19 Highlights
- Industrials industry will have Negative impact due to the pandemic
- Retirement home services market is expected to witness Positive growth during 2020-2024
- Industrials Industry will witness Indirect impact during the forecast period
- Retirement home services market growth is likely to Increase in 2020 compared to 2019 due to Positive YOY
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out for a wider target audience. This retirement home services market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain.
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