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 Products Chapter
Nursing homes provide intensive health and personal care, principally to the elderly. These facilities mainly provide nursing accommodation to dependent people who are referred by state government assessment teams. These teams, funded by the Federal Government, assess whether potential residents should be referred to nursing homes or alternative (less dependent) aged-care programs.
The type of care provided has historically been categorised into high- and low-level care. Traditionally, private for-profit firms tend to focus more on the provision of high care than low care, and account for 50.0% to 55.0% of total high-care places. Governments similarly concentrate more on providing high care, and account for 10.0% to 15.0% of high-care places... purchase to read more