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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

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
$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 Analysis Chapter

One consequence of Australia's ageing population is the need to provide appropriate aged-care accommodation for those no longer able to fully take care of themselves. One option is high-level care, which is traditionally provided by nursing homes. Nursing homes care for people with a high degree of frailty and those needing continuous nursing care. Over the five years through 2014-15, demand for nursing home places is expected to steadily climb in line with the growing number of people aged 70 and older. While nursing homes have focused on providing services for aged people with high-care needs, many have also been admitting residents with low-care requirements. As at June 2013, there were just under 169,000 people living in residential aged care, up 20.0% from the previous decade... 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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