Strong Growth for Senior Care Facilities Worldwide

July 27, 2016 | By Brian J. Rogal | GlobeSt.com

The aging of American baby boomers should ensure that US growth in senior care facilities stays above the average for developed countries.

Global market research company Euromonitor International released yesterday a forecast that predicts strong growth for senior care facilities in both developed and emerging economies until at least 2021, with an annual growth rate of 2.1% and 3.4%, respectively.

The aging of American baby boomers should ensure that US growth in senior care facilities stays above the average for developed countries. Officials from the Chicago-based firm tell GlobeSt.com that the number of US facilities will increase from 26,209 today to approximately 30,600 by 2021, an annual growth rate of 3.1%.

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