The extra care market housing is set to grow rapidly over the next 50 years, according to a new report.
The Extra Care, Assisted Living & Retirement Communities Market Report predicts potential demand for extra care will grow tenfold to half a million people.
Written by Philip Mickleborough, the report estimates that demand will grow to over a million people in 50 years’ time, with the projected UK population aged 85 and over set to rise by more than fivefold from 1.61 million in 2017 to 5.75 million in the year 2066.
The report says demand will come from people who see extra care as an alternative to living isolated in the family home, going into a care home, or as an alternative to buying or renting sheltered housing.
The 400 page study provides in-depth analysis and commentary on the £2bn plus extra care market.
Coverage includes 25 profiles of extra care projects, the regulatory climate, market size, value and demand, the latest market developments, profiles of major players and revenue and capital funding analysis.
The research is geared towards retirement housing and care providers, local authorities, housing associations, investors, banks, architects, property developers, lawyers, central government, think tanks and anyone with an interest in the integrated housing with care industry.