Retirement Home Services Market Report 2026

The retirement home services market size has grown steadily in recent years. It will grow from $7.72 billion in 2025 to $8.09 billion in 2026 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to increasing elderly population, rising awareness of elderly care needs, early establishment of senior living communities, growing healthcare dependency among seniors, rising demand for organized elderly care.

The retirement home services market size is expected to see steady growth in the next few years. It will grow to $9.71 billion in 2030 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to growing life expectancy, increasing demand for premium retirement homes, rising focus on quality senior lifestyle, expanding retirement community developments, strengthening investment in elderly care infrastructure. Major trends in the forecast period include rising demand for senior wellness and support services, growing focus on personalized elderly care programs, increasing emphasis on safe and comfortable living environments, expansion of assisted living and independent housing solutions, strengthening development of age friendly community services.

The rising life expectancy is expected to drive the growth of the retirement home services market in the coming years. Life expectancy is a statistical indicator that reflects the average number of years an individual is expected to live based on current age and mortality patterns. Increasing life expectancy is attributed to advancements in healthcare, improved living standards, enhanced access to medical services, and healthier lifestyles. A longer lifespan raises the need for retirement home services to address chronic health conditions, provide assistance with daily activities, ensure safety, offer social and recreational opportunities, and support the overall well-being of older adults. For instance, in May 2024, according to Eurostat, a Luxembourg-based statistical office, in 2023, life expectancy at birth in the European Union reached 81.5 years, an increase of 0.9 years compared to 2022. Therefore, the rising life expectancy is fueling the growth of the retirement home services market.

Major companies operating in the retirement home services market are focusing on developing advanced solutions, such as non-real estate-based assisted living, to gain a competitive edge in the market. Non-real estate-based assisted living refers to services that support elderly individuals in their own homes rather than requiring them to move into dedicated assisted living facilities. For instance, in April 2024, Mindrot Technologies, an India-based hospital startup company, launched its CarePilot platform, a comprehensive technology solution designed to improve services for providers in the senior living sector, with a focus on assisted care and hospice services. Initially developed for home healthcare, the platform has been expanded to include features such as patient and room management, inventory control, caregiving, financial modules for billing and reconciliations, and analytical support. The platform aims to enhance operational efficiency for service providers and empower families to actively participate in care decisions, creating a connected ecosystem.

In August 2024, National Healthcare Corporation (NHC), a US-based healthcare company, acquired White Oak Senior Living for an undisclosed amount. This acquisition marks an expansion of NHC’s operations into a new state and represents a strategic move to advance its growth within its existing operational areas. White Oak Senior Living, a US-based senior care services provider, specializes in offering senior living and healthcare services, including independent living, assisted living, and memory care.

Major companies operating in the retirement home services market report are Genesis HealthCare Inc., Sunrise Senior Living Inc., Erickson Senior Living Management LLC, Avalon Health Care Group, National HealthCare Corporation, Senior Lifestyle, AlerisLife Inc., Enlivant, Sienna Senior Living Inc., Sonida Senior Living Inc., Bonaventure Senior Living, ProMedica Senior Care, Wickshire Senior Living, Life Care Companies LLC, Home Instead Inc., American Retirement Homes Inc., Brookdale Senior Living Inc., Five Star Senior Living Inc., Capital Senior Living Corporation, Diversicare Healthcare Services Inc.

North America was the largest region in the retirement home services market in 2025. The regions covered in the retirement home services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retirement home services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The retirement home services market includes revenues earned by entities by providing services such as accommodation, healthcare services, dining services, and dining services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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