Market Size of Residence for Older Persons Expected to Increase by 6.9% to 970 thousand, based on Number of Homes Supplied
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the domestic market of residences for older persons, and found out the current status, trends of market players, and future perspectives.
The market size of residences for older persons (four types: fee-based home for older persons, moderate-fee home for the elderly, silver housing [barrier-free, public lease houses with living support services by life-support advisors,] and elderly housing with care services,) rose by 4.5% to have reached 907 thousand, based on the number of homes supplied. As businesses aim at supplying 4% of those residences against the population of the elderly by 2025, the market size is projected to reach 970 thousand by 2020, a rise by 6.9% from the previous year.
Attention Attracted to Agencies of Housing for Older Persons
There are various types of residences for older persons such as care facilities and residences with care services, etc., but it is difficult for general people to understand the differences in details. The conditions of older persons in need of long-term care and of moving into such residences differ by person to person, depending on the comfort they feel, environment, location, financial capacity, etc. The agencies of housing for older persons are those businesses that provide useful information on such residences to the users themselves as well as to the families of such users, based on the particular conditions of each user. In order for older persons to achieve satisfactory lives in the residence they are to move into, the agencies of housing for older persons have become more valuable, as they can provide the detailed differences on the characteristics and service qualities of each type of residences for older persons. As the awareness of such agencies improve, the expectation of the roles of such agencies increases.
Currently, there are not enough locations for developing large-scale or middle-scale projects such as constructing residences for older persons. Therefore, there is little chance for business operators to encounter an ideal location for them to proactively supply homes for older persons. On the other hand, modern older persons who have actively enjoyed their lives often demand their residences to be conveniently located in the urban areas close to some leisure facilities and shopping places. However, not many residences for older persons are in such locations.
Also, there are some older persons who wish to live in local areas where they have long lived and feel familiar with or in the neighborhood of their children’s families. It is a challenge to settle housing environment wherever older persons wish to live.
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