Industry Analysis & Industry Trends
Nursing homes provide 24-hour high-level care for residents typically aged over 70, and for severely disabled younger people. The industry has grown strongly over the past decade and is expected to continue expanding, mainly due to Australia's ageing population. By 2051, nearly 20.0% of Australia's population is expected to be aged over 70.
Australia's ageing population suggests that industry revenue should grow strongly. However, the industry's performance has been partly restricted by budget constraints and target provision ratios, which control the expansion of funded aged-care places.
The Nursing Homes industry is expected to generate revenue of $10.7 billion in 2014-15, following annualised growth of 5.2% over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Nursing Homes industry exhibits a low level of concentration, with the top four organisations accounting for less than 10.0% of all nursing home beds. As the industry is highly fragmented, there are many small operators. In the overall residential aged-care sector, over 60.0% of companies operate just one facility, with less than 10.0% of all companies running seven or more facilities.
Traditionally, private for-profit firms tend to focus on the provision of high rather than low care. These firms account for 50.0% to 55.0% of total high-care places. Governments also concentrate on providing high care, and account for 10.0% to 15.0% of high-care places. The not-for-profit sector accounts for 35.0% to 40.0% of high-care places... purchase to read more