Aged Care Residential Services in Australia - Market Research Report

error_outline Covid-19 Impact Update - Aged Care Residential Services in Australia

IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

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The Residential Care Services subdivision is expected to face heavy disruption related to COVID-19.

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Aged care residential facilities are particularly vulnerable to potential COVID-19 outbreaks, and staff will be expected to respond accordingly to minimise risk for themselves and residents.

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Shortages of preventative medical supplies, such as face masks and hand sanitiser, would negatively affect these facilities, as preventative measures are more difficult to implement without access to these basic supplies.

Note: The content in this report is currently being updated to reflect the trends outlined above.

Aged Care Residential Services industry trends (2014-2019)

poll Average industry growth 2014–2019: -4.9%

As Australia's population ages, demand for age-appropriate housing increases. Older individuals are more susceptible to a range of age-related ailments and need more assistance with everyday activities and personal care. As aged-care requirements have changed over the past five years, the Aged Care Residential Services industry has expanded, offering different lifestyle accommodation options. This expansion, combined with more flexible pricing and ongoing government aged-care funding, has supported revenue growth over the period. Industry revenue is expected to rise at an annualised 2.8% over the five years through 2019-20, to $22.6 billion. Revenue growth has occurred against a backdrop of structural reform, as the government has implemented new po...
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Aged Care Residential Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Aged Care Residential Services industry is forecast to continue growing its revenue over the next five years. Australia's ageing population and the growing need for age-appropriate accommodation are projected to drive the industry's performance over the period. Further regulatory changes to the industry's operating environment are likely in the wake of the Royal Commission review into Aged Care and Safety. Industry revenue is projected to rise at an annualised X.X% over the five years through XXX-XX, to $XX.X billion. Regulatory changes With the Royal Commission's Interim Report finding systemic failures in Australia's aged care sector, it is likely that further regulatory reforms may occur over the next five years. The report is calling for a...
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Aged Care Residential Services industry statistics

  • business Number of Businesses: 5,107
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 255,375

Biggest companies in the Aged Care Residential Services industry

The companies holding the largest market share in the Aged Care Residential Services in Australia industry include Regis Healthcare Limited, DAC Finance Pty Limited and BUPA ANZ Healthcare Holdings Pty Ltd.

  • pie_chart Regis Healthcare Limited Market Share: x.x%
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  • pie_chart DAC Finance Pty Limited Market Share: x.x%
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  • pie_chart BUPA ANZ Healthcare Holdings Pty Ltd Market Share: x.x%
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What is Aged Care Residential Services industry?

Industry Definition

Industry establishments operate long-term aged-care accommodation facilities, including government-approved residential aged-care centres and retirement villages. Many industry establishments provide residential aged-care facilities that service 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 and Services

  • Accommodation and care services
  • Lifestyle services
  • Hotel services
  • All Others

Industry Activities

  • Providing residential accommodation for elderly people in approved residential care facilities
  • Providing accommodation for elderly people in retirement villages

Market research report - table of contents

Industry Definition

Industry establishments operate long-term aged-care accommodation facilities, including government-approved residential aged-care centres and retirement villages. Many industry establishments provide residential aged-care facilities that service 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.

Main Activities

  • Providing residential accommodation for elderly people in approved residential care facilities
  • Providing accommodation for elderly people in retirement villages

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The number of elderly people in the community, and the proportion of elderly people with disabilities, influences industry demand. Many elderly people rec...
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Population aged 70 and older
Total government expenditure on aged care services
Average weekly hours worked
Cash rate

Current Performance

Profitability issues
Structural changes
 Chart: Revenue Growth

Industry Outlook

Structural changes
Other challenges
 Table: Aged Care Residential Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Aged Care Residential Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers in Australia






Key Selling Industries

Medical and Surgical Equipment Manufacturing in Australia
General Hospitals in Australia
General Practice Medical Services in Australia
Pharmaceuticals Wholesaling in Australia
Cosmetics and Toiletry Wholesaling in Australia


Products & Services

The Aged Care Residential Services industry mainly provides accommodation and care services for the elderly through residential aged-care facilities or re...
People aged 80 to 84
People aged 70 to 79
People aged 69 and under



Demand Determinants

Australia's ageing population is a key demand determinant, driving demand for age-appropriate accommodation. Life expectancies and the proportion of the o...
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Major Markets

People aged 80 to 84
People aged 70 to 79
People aged 69 and under




 Chart: Major Market Segmentation for the Aged Care Residential Services in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Aged Care Residential Services industry is highly fragmented and has low market share concentration. In 2019-20, the top four operators are estimated ...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Aged Care Residential Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Aged Care Residential Services in Australia - Market Research Report Industry

Industry Globalization

Regis Healthcare Limited is a for-profit residential aged-care provider that operates in the industry through its subsidiary, Regis Aged Care. The company...
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Regis Healthcare

 Table: Regis Healthcare - financial performance

Opal Aged Care

 Table: Opal Aged Care - financial performance

BUPA Australia Healthcare Holdings

 Table: BUPA Australia Healthcare Holdings - financial performance

Capital Intensity

The industry has low capital intensity. This reflects the service-based nature of the industry and the care provided to residents. In 2019-20, the industr...
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 Chart: Level of Capital Intensity for the Aged Care Residential Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Aged Care Residential Services in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

AGED CARE APPROVALS ROUND (ACAR)

AGED CARE FUNDING INSTRUMENT (ACFI)

PERSONAL-CARE ASSISTANTS

RESPITE CARE

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Aged Care Residential Services industry?

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This report on Aged Care Residential Services in Australia:

  • 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 in Australia 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

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