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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 | Jul 2014

The good life: Nursing homes will provide more specialised care and extra fee-based services

IBISWorld’s Nursing Homes market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 10-15
5.2%
Annual Growth 15-20
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Profit
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Employment
121,000
Businesses
875
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 Investment Chapter

The industry has low capital intensity and high labour intensity of operation. Just under 60.0% of annual industry revenue is allocated to labour costs, including payments to primary care givers and support staff. Industry depreciation charges absorb about 5.0% of annual revenue. The industry spends $11.59 on labour requirements for every dollar invested into capital purchases.

There are few opportunities to use technology to reduce labour costs, other than in administrative tasks. Capital costs principally relate to the ownership costs of constructing or upgrading premises. Capital intensity can vary by organisation according to personal care needs of residents, building costs and the level of outsourcing used... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Nursing Homes Industry?

This industry consists of nursing or convalescent homes, 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. They are staffed by registered and enrolled nurses, nursing assistants or personal care assistants. The industry excludes hospitals.

Industry Products
Dementia careHigh-care servicesLow-care services
 
Industry Activities
Convalescent home operationNursing home operation


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