Aged to perfection: The move to a market-based system is boosting industry revenue

IBISWorld’s Aged Care Residential Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Industry participants have moved towards a more consumer-driven, market-based system
  • For-profit players have been growing the scale of their operations, boosting their profitability
  • Longer life expectancies are expected to increase demand for care in later life

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    Industry Analysis & Industry Trends

    The need for age-appropriate housing is a complex issue associated with Australia's ageing population. As people age, they become more susceptible to a range of age-related conditions, which boosts the need for assistance with everyday activities and personal care. The Aged Care Residential Services industry has expanded over the past five years to offer different lifestyle accommodation options and aged-care services. These increased product offerings, combined with more flexible pricing strategies and robust growth in government aged-care funding, have driven the industry's performance over the period...

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    Industry Report - Industry Key Buyers Chapter

    The Aged Care Residential Services industry is highly fragmented and characterised by a low level of market share concentration. In 2017-18, the top four operators account for less than 20% of industry revenue. No operator commands a market share of more than 5%.

    This low level reflects the make-up of industry operators. As at June 2016, not-for-profit organisations (including charitable, religious and community-based operators) accounted for 56.3% of all operational residential-care places. In contrast, private for-profit operators accounted for 39.1%, up from 34.1% just six years earlier. Government operators (state, territory and local) made up the balance. Many of these operators form part of a larger provider group that owns several aged care facilities or services.


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    Additional Insights for the Aged Care Residential Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Aged Care Residential Services Industry are

  • Access to highly skilled workforce
  • Optimum capacity utilisation
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Population aged 70 and older and Total government expenditure on aged care services in the Aged Care Residential Services industry impact industry performance..

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    Industry Products

    What is the Aged Care Residential Services Industry?

    Industry establishments provide long-term aged-care accommodation, including government-approved residential aged-care accommodation and retirement villages. Many industry establishments provide residential aged-care services across the entire spectrum of dependency, from independent living units and low-care options through to high-care and specialist care (such as dementia care) in line with ageing in place principles.

    Industry Products
    Residential aged-care facilities
    Retirement villages
    Industry Activities
    Providing residential accommodation for the elderly in approved residential care facilities
    Providing accommodation for the elderly in retirement villages

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Population aged 70 and older
  • Total government expenditure on aged care services
  • year bond rate
  • Average weekly earnings

  • Current Performance
  • Supply factors
  • Profitability issues
  • Structural changes
  • Chart: Revenue Growth

  • Industry Outlook
  • Regulatory changes
  • Profit drivers
  • Other challenges

    and changes

  • Table: Aged Care Residential Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Aged Care Residential Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Cosmetics and Toiletry Wholesaling
  • General Hospitals
  • General Practice Medical Services
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceuticals Wholesaling

  • Products & Services
  • Residential aged-care facilities
  • Retirement villages
  • Chart: Aged Care Residential Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 80 to 89
  • People aged 90 and over
  • People aged 70 to 79
  • People aged 69 and under
  • Chart: Major Market Segmentation for the Aged Care Residential Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Aged Care Residential Services

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Aged Care Residential Services Industry

  • Industry Globalization
    Major Companies
    Bupa Aged Care Holdings Pty LtdRegis Healthcare Limited
  • Table: Bupa Aged Care Holdings Pty Ltd - financial performance
  • Table: Regis Healthcare Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Aged Care Residential Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Aged Care Residential Services Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Aged Care Approvals Round (Acar)
  • The annual Aged Care Approvals Round is a government process which regulates the supply of new aged care places.
  • Aged Care Funding Instrument (Acfi)
  • This is used to assess the care needs of residents and allocated subsidies to residential aged-care facilities.
  • Personal-Care Assistants
  • People employed to work with patients or residents that are disabled or chronically ill to assist with daily activities.
  • Respite Care
  • Short-term substitute care that enables carers to take a break. Care is provided in the home, in day centres or residential aged-care facilities.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Aged Care Residential Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Aged Care Residential Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Aged Care Residential Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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