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