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Residential Care Services in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 87 March 2024 Spotlight Report

Revenue

€153.3bn

2019-2024 0.5 %
2024-2029 X.X %

Employees

25m

2019-2024 1.1 %
2024-2029 X.X %

Businesses

113k

2019-2024 1.0 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Residential Care Services in Europe industry analysis

Demand for European residential care services is closely tied to demographic shifts, notably age shifts. As Europe grapples with an ageing population and people are living longer, demand for retirement homes and nursing care homes is climbing to cater to this growth. The industry is essential for providing care to older people, with nursing care offering clinical care through medical services, rehabilitation and personal care. Greater life expectancies across Europe are driving demand, as seniors require more specialised medical care and assistance that isn’t possible at home. Revenue is anticipated to contract at a compound annual rate of 0.5% over the five years through 2024.

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Residential Care Services in Europe key trends

Ageing populations are boosting demand for residential care services.

 

Greater life expectancy is one reason for older populations across Europe that are requiring more care.

Strict regulations are capping the number of beds.

 

New entrants face significant regulatory hurdles and competition for contracts is tough, making it difficult for services to satisfy growing demand.

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Residential Care Services in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Residential Care Services in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated €153.3bn in 2024.

Trends and Insights

Population sizes and different traditions of caring for the elderly impact demand for care services

  • Across Europe, France, Spain, Belgium, Italy, the Netherlands, the UK and Germany have the largest care home markets, according to Savill’s UK and European Care Homes 2022 report.

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Residential Care Services in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Regulations keep getting stricter, discouraging new care providers despite increasing demand

  • Residential care services are strongly regulated, which makes it difficult for new entrants to get a footing.

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Revenue

€153.3bn

2019-2024 0.5 %
2024-2029 X.X %

Employees

25m

2019-2024 1.1 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 1.1 % *
  • Job Growth

Top 5 Countries

    Bottom 5 Countries

      * CAGR values are for the years 2019-2024.

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      Biggest companies in the Residential Care Services in Europe

      Company
      Market Share (%)
      2024
      Revenue (€m)
      2024
      Profit (€m)
      2024
      Profit Margin (%)
      2024
      Korian Group
      5,432.3
      623.4
      11.5
      The British United Provident Association Ltd
      16,523.4
      1.0
      0.0
      Orpea Gruppe
      5,103.4
      0.1
      0.0

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      Residential Care Services in Europe

      Products & Services Segmentation

      Industry revenue broken down by key product and services lines.

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      Top Questions Answered in this Report

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      What is the market size of the Residential Care Services industry in Europe in 2024?

      The market size of the Residential Care Services industry in Europe is €153.3bn in 2024.

      How many businesses are there in the Residential Care Services in Europe industry in 2024?

      There are 113k businesses in the Residential Care Services industry in Europe, which has grown at a CAGR of 1.0 % between 2019 and 2024.

      Has the Residential Care Services industry in Europe grown or declined over the past 5 years?

      The market size of the Residential Care Services industry in Europe has been declining at a CAGR of 0.5 % between 2019 and 2024.

      What is the forecast growth of the Residential Care Services industry in Europe over the next 5 years?

      Over the next five years, the Residential Care Services industry in Europe is expected to grow.

      What does the Residential Care Services in Europe include?

      Residential nursing care homes and Learning disability, mental health and substance abuse facilities are part of the Residential Care Services industry.

      How competitive is the Residential Care Services industry in Europe?

      The level of competition is moderate and steady in the Residential Care Services industry in Europe.

      Related Industries

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      Table of Contents

      About this industry

      Industry definition

      The industry provides residential care combined with either nursing, supervisory or other types of care needed by residents. It ranges from residents who need 24/7 nursing care to elderly individuals who can no longer live independently, facilities targeted towards helping those with learning disabilities and mental health and substance abuse struggles and children needing care.

      Related Terms

      RESPITE CARECARE HOMEDOMICILIARY CARESELF-FUNDERPALLIATIVE CAREOLD-AGE DEPENDENCY RATIO

      What's included in this industry?

      Residential nursing care homesLearning disability, mental health and substance abuse facilitiesRetirement homesOther residential care activities

      Companies

      Korian GroupThe British United Provident Association LtdOrpea Gruppe

      Industry Code

      ISIC 2006

      87 - Residential care activities in Europe

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      Performance

      Key Takeaways

      Population sizes and different traditions of caring for the elderly impact demand for care services

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      Revenue Highlights

      Trends
      • Revenue
      • 2024 Revenue Growth
      • Revenue Volatility

      Employment Highlights

      Trends
      • Employees
      • Employees per Business
      • Revenue per Employee

      Business Highlights

      Trends
      • Businesses
      • Employees per Business
      • Revenue per Business

      Profit Highlights

      Trends
      • Total Profit
      • Profit Margin
      • Profit per Business

      Current Performance

      Charts
      • Revenue in the Residential Care Services in Europe industry (2011 -2029)
      • Employees in the Residential Care Services in Europe industry (2011 -2029)
      • Business in the Residential Care Services in Europe industry (2011 -2029)
      • Profit in the Residential Care Services in Europe industry (2011 -2029)
      Analysis

      What's driving current industry performance in the Residential Care Services in Europe industry?


      Outlook

      Analysis

      What's driving the Residential Care Services in Europe industry outlook?


      Volatility

      Analysis

      What influences volatility in the Residential Care Services in Europe industry?

      Charts
      • Industry Volatility vs. Revenue Growth Matrix

      Life Cycle

      Analysis

      What determines the industry life cycle stage in the Residential Care Services in Europe industry?

      Charts
      • Industry Life Cycle Matrix

      Products and Markets

      Highlights

      Trends
      • Largest Market
      • Product Innovation

      Key Takeaways

      Ageing populations spike demand for residential care services. As Europe’s population ages thanks to greater life expectancy, there’s pressure on care services to expand. There’s a drive to offer high-level care, incorporate dementia friendly practices and ensure staff are well-trained.

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      Products and Services

      Charts
      • Products and Services Segmentation
      Analysis

      How are the Residential Care Services in Europe industry's products and services performing?

      Analysis

      What are innovations in the Residential Care Services in Europe industry's products and services?


      Major Markets

      Charts
      • Major Market Segmentation
      Analysis

      What influences demand in the Residential Care Services in Europe industry?


      International Trade

      Highlights

      • Total Imports into Europe
      • Total Exports into Europe
      Heat maps
      • Industry Concentration of Imports by Country
      • Industry Concentration of Exports by Country
      Data Tables

      Value and annual change (%) included

      • Number of Imports and Exports by European Country (2024)

      Geographic Breakdown

      Business Locations

      Heat maps
      • Share of Total Industry Revenue by Region (2024)
      • Share of Total Industry Enterprises by Region (2024)
      • Share of Total Industry Employment by Region (2024)
      • Share of Total Industry Wages by Region (2024)

      Industry Geographic Breakdown

      Data Tables

      Values and annual change provided for 37 European countries:

      • Revenue (2024)
      • IVA (2024)
      • Enterprises (2024)
      • Employment (2024)
      • Exports (2024)
      • Imports (2024)

      Competitive Forces

      Highlights

      Trends
      • Concentration
      • Competition
      • Barriers to Entry
      • Substitutes
      • Buyer Power
      • Supplier Power

      Key Takeaways

      Regulations around care standards restrict market concentration. Tight regulations for care services across Europe mean that only companies who expertly navigate these standards, maintain high-quality standards and efficiently manage costs can grow and consolidate their position in the market.

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      Supply Chain

      Charts

      Buyer and supply industries

      Companies

      Market Share

      Charts
      • Industry Market Share by Company (2019-2024)

      Companies

      Data Tables

      Top 10 companies by market share:

      • Market share (2024)
      • Revenue (2024)
      • Profit (2024)
      • Profit Margin (2024)

      Data Tables
      • Countries of operation for Korian Group
      • Countries of operation for The British United Provident Association Ltd
      • Countries of operation for Orpea Gruppe
      • Countries of operation for Johanniter Seniorenhauser GmbH
      • Countries of operation for Cidron Atrium SE
      • Countries of operation for DomusVi SAS
      • Countries of operation for Attendo
      • Countries of operation for Ambea Holding AB
      • Countries of operation for Bonitas Holding GmbH
      • Countries of operation for Barchester Healthcare Homes Ltd

      External Environment

      Highlights

      Trends
      • Regulation & Policy
      • Assistance

      Key Takeaways

      Strict regulations guide the quality of services. Stringent regulations governing residential care services try to ensure high standards of care and safety but can make it difficult for facilities to innovate care solutions.

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      External Drivers

      Analysis

      What demographic and macroeconomic factors impact the Residential Care Services in Europe industry?

      Financial Benchmarks

      Highlights

      Trends
      • Profit Margin
      • Average Wage
      • Largest Cost

      Key Takeaways

      Technology is changing the role of care staff. Technology is helping to optimise staffing levels, balancing out wage growth by requiring more skills but also automating more rudimentary tasks.

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      Cost Structure

      Charts
      • Share of Economy vs. Investment Matrix
      • Industry Cost Structure Benchmarks:
        • Marketing
        • Depreciation
        • Profit
        • Purchases
        • Wages
        • Rent
        • Utilities
        • Other
      Analysis

      What trends impact cost in the Residential Care Services in Europe industry?


      Key Ratios

      Data tables
      • IVA/Revenue (2014-2029)
      • Imports/Demand (2014-2029)
      • Exports/Revenue (2014-2029)
      • Revenue per Employee (2014-2029)
      • Wages/Revenue (2014-2029)
      • Employees per Establishment (2014-2029)
      • Average Wage (2014-2029)

      Country Benchmarks

      European Leaders & Laggards

      Data Tables

      Top and boottom five countries listed for each:

      • Revenue Growth (2024)
      • Business Growth (2024)
      • Job Growth (2024)

      European Country Performance

      Data Tables

      Rankings available for 37 countries. Statistics ranked include:

      • IVA/Revenue (2024)
      • Imports/Demand (2024)
      • Exports/Revenue (2024)
      • Revenue per Employee (2024)
      • Wages/Revenue (2024)
      • Employees per Establishment (2024)
      • Average Wage (2024)

      Structural Comparison

      Data Tables

      Trends in 37 countries benchmarked against trends in Europe

      • Concentration
      • Competition
      • Barriers to Entry
      • Buyer Power
      • Supplier Power
      • Volatility
      • Capital Intensity
      • Innovation
      • Life Cycle

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2014-2029)
      • IVA (2014-2029)
      • Establishments (2014-2029)
      • Enterprises (2014-2029)
      • Employment (2014-2029)
      • Exports (2014-2029)
      • Imports (2014-2029)
      • Wages (2014-2029)

      Methodology

      Where does IBISWorld source its data?

      IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

      IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

      To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.