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Nursing Homes in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Nursing Homes Market Research Report | ANZSIC Q8601a | Mar 2014

The march of time: Australia's ageing population drives industry revenue growth

The Nursing Homes market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 09-14
5.8%
Annual Growth 14-19
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Profit
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Employment
121,175
Businesses
308
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 set for continued expansion, mainly due to Australia's ageing population. By 2051, nearly 20.0% of Australia's population is expected to be over 70 years of age.

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 that control the expansion of funded aged-care places.

The Nursing Homes industry is expected to generate revenue of $10.3 billion in 2013-14, following annualised growth of 5.8% over the past five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Nursing Homes industry is in the growth phase of its life cycle because it is growing faster than the overall economy. Industry value added is projected to increase by an annualised 3.5% over the 10 years through 2018-19, above the projected pace of growth in Australia's GDP (2.5% annualised).

This is common for a healthcare industry, and particularly for healthcare providers serving older Australians. The health sector as a whole grows faster than the Australian economy. The number of high-care residential places will increase in the next five years in response to the demands of an ageing Australian population... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Nursing Homes Industry?

The industry consists of nursing or convalescent home facilities, including those that provide nursing or medical care as a basic part of the service. These high-care facilities provide 24-hour nursing care for residents and are staffed by registered and enrolled nurses, nursing assistants or personal care assistants. The industry excludes hospice operation.

Industry Products
Respite carePermanent care
 
Industry Activities
Convalescent home operationNursing home operation


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