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Strong Growth for Senior Care Facilities Worldwide

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

chi-clarendalemokena The recent opening of Clarendale in Mokena, IL, a seniors housing community near Chicago.

CHICAGO—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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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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