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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 | Dec 2012

Golden years: Revenue will grow as demand increases and resident charges rise

IBISWorld’s Nursing Homes market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 08-13
5.5%
Annual Growth 13-18
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Profit
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Employment
151,174
Businesses
312
Industry Analysis & Industry Trends

Nursing homes provide 24-hour high-level care for residents who are typically aged 70 years and older. The industry is set to expand at a strong rate, mainly due to the ageing of the Australian population. By 2051, nearly 20% of Australia's population is expected to be above 70 years of age.

While Australia's aging population suggests that industry revenue should grow strongly, revenue growth is restricted by budget constraints and target provision ratios that control the expansion of aged-care places. Consequently, over the five years through 2012-13, industry revenue is forecast to grow an annualised 5.5%. The Nursing Homes industry is expected to generate revenue of $11.5 billion in 2012-13, up 5.0% from 2011-12... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry for this industry are considered moderate to high and include the cost of building a nursing home, attaining approved provider status under the Aged Care Act, and meeting Commonwealth Government standards for facilities and quality of care, thereby achieving approved status, which entitles the nursing home to receive certain funding.

In the annual Aged Care Approvals Round, the Commonwealth Department of Health and Aged Care calls for applications from organisations that would like to receive funding under the Aged and Community Care Program to provide services to older Australians. Applications are received for new services, changes to existing services and conversion of residential aged-care places to community care packages... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Nursing Homes Industry?

This 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 nursing facilities, provide 24-hour nursing care for residents and are staffed by registered and enrolled nurses, nursing assistants or personal care assistants. This industry excludes hospice operation.

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


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