Ageing in place: Industry firms are adjusting in line with a changing regulatory environment

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. The expansion of industry service offerings, combined with more flexible pricing strategies and strong growth in government aged-care funding, have supported industry revenue growth over the period.Industry revenue growth has occurred against a backdrop of structural reform, as the government has implemented new policies to create a more consumer-focused more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Industry firms have moved towards a more consumer-driven, market-based system
  • Increased accreditation requirements have caused some operators to leave the industry
  • The industry’s structure will change as it continues to move toward a more market-based system
  • Industry Report - Industry Products Chapter

    The Aged Care Residential Services industry mainly provides accommodation and care services for the elderly through residential aged-care facilities or retirement villages. The distinction between these two accommodation options is becoming increasingly blurred as both types of operators seek to expand their product offerings in line with changing market dynamics, which are gradually moving towards a user-pay and choice model. This shift is leading industry operators to incorporate a greater range of health and wellbeing services into their aged-care facilities and retirement homes...purchase to read more.

    Additional Insights for the Aged Care Residential Services Industry

    IBISWorld has determined the most important Key Success Factors for the Aged Care Residential Services are:

  • Access to highly skilled workforce
  • Easy access for clients
  • 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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    What's in this report

    What is the Aged Care Residential Services Industry?

    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
  • Accommodation and care services
  • Lifestyle services
  • Hotel services
  • Industry Activities
  • Providing residential accommodation for elderly people in approved residential care facilities
  • Providing accommodation for elderly people in retirement villages
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 70 and older
  • Total government expenditure on aged care services
  • Average weekly hours worked
  • Cash rate

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

  • Industry Outlook
  • Structural changes
  • Regulatory changes
  • Other challenges
  • 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

  • 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
  • Accommodation and care services
  • Hotel services
  • Lifestyle services
  • Chart: Aged Care Residential Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 85 and over
  • 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 Industry

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

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

  • Industry Globalization
    Bupa Aged Care Holdings Pty Ltd, DAC Finance Pty Limited, Regis Healthcare Limited,
  • Table: Bupa Aged Care Holdings Pty Ltd - financial performance
  • Table: DAC Finance Pty Limited - financial performance
  • Table: Regis Healthcare Limited - financial performance

  • 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
    Table: Industry Data for the Aged Care Residential Services Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Aged Care Residential Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    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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