Community Living

Global senior living market to grow by $211B in 5 years

Jan 27 2025 Updated January 27, 2025

Ian Horswill

1 min read

London UK-based market researchers Technavio estimates the global senior living market size is estimated to grow by AUD$211 billion from 2025-2029.

The market is estimated to grow at a Compound Annual Growth Rate of 5.8%.

“Ageing baby boomer population is driving market growth, with a trend towards increasing technological advances in long-term healthcare,” Technavio state.

“However, staffing and workplace challenges poses a challenge.”

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