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Summary of our market study
The French market for senior residences is estimated at over 1.1 billion euros
The French market for senior residences is growing in line with the country's aging population, with a particular focus on people aged 75 to 84, who are looking for independent living in non-medical environments.
This solution lies somewhere between the traditional retirement home and home care, offering comfort and security thanks to furnished residences designed to prevent falls and accidents, and providing a wide range of services, from administrative assistance to catering.
The target senior population generally enjoys a fairly comfortable retirement, with an average pension close to 2,000 euros per month.The French market for senior residences meets the needs of an aging population, with a particular focus on independent people aged 75 to 84.
With 28% of the French population over the age of 60, the market offers potential for growth and innovation. 20% of people over 85 are dependent.
There are some 1,200 residences offering over 90,000 places.
Despite competition from EHPAD and home services, senior residences retain their appeal by offering a range of services and activities, with costs varying according to location and standard of living.
The market attracts both individual residents and private investors.
Growth in the sector is being driven by the second generation of senior residences, which offer individualized services to residents. Unlike their first-generation counterparts, modern senior residences are also competing with emerging alternatives such as senior co-housing and home services.
The main players in the French senior residences market
- Domitys - The market leader with a global approach Domitys is the market leader in senior residences.
- Korian - A strong presence with a growing influence Korian occupies an important place in the market with its senior residences.
- Les Senioriales - A subsidiary of the Pierre et Vacances vacation home group since 2007, Les Senioriales brings a vacation flavour to the senior residences market.
- Les Girandières and Les Jardins d'Arcadie focus on creating communities where seniors can enjoy a rich social life and a range of activities.
- Les Villages d'Or and Les Hespérides offer housing options that meet the diverse needs and preferences of seniors.
- Emera and Nohée Cogedim Club have diversified their portfolios to include the operation of residences for the elderly.
- Domus and Orpea are renowned for their innovative approach to housing the elderly. Their avant-garde strategies and the integration of modern equipment into their residences.
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Summary and extracts
1 Market overview
1.1 Definition and study area
The senior residences market encompasses all homes designed to accommodate independent individuals (mainly aged 75 to 84) who wish to live in a non-medicalized residence.
This solution, halfway between a retirement home and home care, continues to be popular with the French, while the aging of the population is mechanically increasing demand.
Furnished in such a way as to prevent falls or accidents, senior residences also offer a wide range of activities and services (administrative, cleaning, canteens, etc.) billed to retirees who enjoy a fairly comfortable retirement, with an average pension of close to 2,000 euros per month.
In a fast-growing sector, senior residences are nonetheless facing competition from other similar offerings: EPHAD, home services, and new practices such as senior sharing. [Le Figaro]
To stand out from the crowd, residences are offering more personalized services to tenants, and are building ever more modern homes adapted to the needs of this age group.
It's also important to remember that senior residences are not social or medical-social establishments, and are not designed to accommodate dependent people.
1.2 A domestic market that is undermining the European market
It is possible to estimate market size using data from the biggest players in the senior residences market. France urbaine informs us that there are *** residences in France, offering **,*** units in ****. Some major players have more residences than others. The biggest players in this market are, in order, Domytis, Korian, Seniorales, ...
1.3 Interview with an expert on the French senior housing market
This interview was conducted by a Businesscoot analyst with an industry expert (***)
Les Pénates was created in March **** and plans to build structures dedicated to seniors in March ****.
The company takes its inspiration from the Nordic countries, where the concept of coliving is highly developed, a model that goes against ...
2 Demand analysis
2.1 Profile of senior citizens in France
There are more and more senior citizens in France, i.e. people over the age of **. This is primarily due to a gradual increase in life expectancy, from **.* years at birth in ****, to **.* years in **** .
At the same time, healthy life expectancy at birth has followed the same trend, gaining *.* years ...
2.2 Where do seniors live?
In absolute numbers, people over ** are most likely to live in the Île-de-France and Rhône-Alpes regions. These two regions alone account for *.** million people over **. [***]
Breakdown of seniors (***) by region, France, ****
Paradoxically, an analysis relative to the region's total population reveals that Île-de-France is the youngest region in France, with ...
2.3 Profile of seniors living in senior residences
When it comes down to it, seniors who choose to live in senior residences are pretty much the same as other seniors. The aim, however, is to make life easier for themselves, with fully adapted accommodation and residences offering care services and activities.
Source: ****
Senior residences meet the expectations of seniors ...
2.4 Aging of the French population
In ****, France will have a population of around **.* million, according to INSEE analyses. One of the main characteristics of the French population is that it has been aging steadily for several years now. On January *, ****, the proportion of people aged over ** represented **.*% of the total population, compared with **.*% in **** and **.*% in ...
3 Market structure
3.1 Market organization and dynamics
There are currently *** senior residences, of which around *** are managed by the players listed in the chart below. The two biggest players are Domitys and Korian, both of whom currently manage *** senior residences.
Number of senior residences by major players France, **** Source: ****
It should be noted that most of these players ...
3.2 The changing business model for senior residences
The number of residences has risen steadily over the past decade, increasing *-fold in * years, from *** in **** to *** in ****, testifying to the sector's strong momentum.
number of senior residences in France France, **** - **** Source: ****
Most companies in the market offer senior citizens the opportunity to rent their homes. At the same ...
4 Offer analysis
4.1 Seniors' residences offer a full range of à la carte services and activities
Senior residences differ from senior villages or buildings in that they offer a number of services and activities, in addition to the rental or purchase of housing adapted for seniors.
It is these additional services that generate extra income for the management companies, over and above the fees deducted from the ...
4.2 Prices vary widely from one residence to another
On the whole, prices vary widely between different senior residences, depending on the standard of the units, their size and the location of the residence. Prices can range from a few hundred euros for the least expensive units to several thousand euros per month for the most affluent residents.
Source: ****
While ...
4.3 Relatively little direct competition
Senior residences face competition from a number of players, but their positioning is generally different.
While EHPADs are aimed at dependent seniors, and home help services are aimed at seniors who do not wish to leave their own homes, other offers are similar to those of senior residences.
For example, senior ...
4.4 A reminder of what senior residences are and are not
What senior citizen residences are
In the past, seniors' residences were managed by a syndic who offered limited services to residents, who generally owned their own homes.this was the model for "first-generation residences". Next come "second-generation residences", where residents are usually tenants. In addition, services are provided by independent contractors, ...
5 Regulations
5.1 New features introduced by the ASV laws
It was expected by professionals in the senior assisted living market that the **** ASV law would make a distinction between first- and second-generation senior assisted living. [***]
Two articles have been amended:
Article ** requires a distinction to be made between service providers and co-ownership syndicates. It also creates a distinction between non-individualizable ...
5.2 The shortcomings of some senior residences
Inspections carried out in senior residences have revealed management shortcomings in some of them, including insufficient information on prices. [***]
In fact, in **% of inspections, price information was found to be inadequate (***).
It has also been noted that the purchase of individualized services is not necessarily formalized in a document separate from ...
6 Positioning the players
6.1 Player segmentation
- Domitys Aegide
- Les Senioriales
- Les Villages d’Or
- Les jardins d’Arcadie
- DomusVi
- Colivio
- 1001 résidences seniors (Holding PR transition)
- Cap résidence senior
- Steva
- Ovélia (Vinci Groupe)
- Les Girandières - Réside Etudes senior
- Les Résidentiels
- Espaces et Vie
- Nohée - Cogedim Club
- Les Essentielles (GDP Vendôme)
- Réside Etude Senior
List of charts presented in this market study
- Life expectancy and healthy life expectancy at birth
- Age-related self-management difficulties
- Median standard of living by age group
- Ranking of the 10 regions with the highest proportion of senior citizens
- Change in the proportion of French people aged over 60
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