Helping hand: Increased access to healthcare services will raise demand for industry services

Federal funding for Medicare and Medicaid services and the number of Americans with access to private healthcare largely determines demand and growth for the industry. The number of adults aged 65 and older also influences industry demand; the elderly may lose the ability to care for intellectually disabled dependents, necessitating industry services. Over the five years to 2017, both funding for Medicare and Medicaid services and the number of adults over the age of 65 have steadily increased, boosting industry growth. Over the five years to 2022, as more Americans gain access to public or private healthcare, individuals who could not previously employ industry services because of cost will be able to do so...purchase to read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 12-17
1.9%
Forecast Growth 17-22
Profit
Employment
593,407
Businesses
60,630
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The number of Americans with access to private healthcare largely determines growth for the industry
  • Both the birthrate and life expectancy contribute to industry growth
  • The increasing trend toward small residential facilities is expected to continue
  • Industry Report - Industry Investment Chapter

    The Residential Intellectual Disabilities Facilities industry displays low capital intensity. The industry is largely service based and therefore requires a high degree of labor. As a result, industry operators are expected to spend $0.05 on capital-related costs for every dollar spent on wages in 2017.Payroll expenses for the industry are quite large, representing 53.0% of industry revenue. Federal policy mandating a high staff-to-resident ratio and 24-hour staff presence for most industry establishments is responsible for the industry’s high wage costs. Capital costs for the industry are largely tied up in building facilities and information technology to keep track of patient medical information. Int...purchase to read more.

    Additional Insights for the Residential Intellectual Disability Facilities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Residential Intellectual Disability Facilities Industry are

  • Must comply with government regulations
  • Proximity to key markets
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of people with private health insurance in the Residential Intellectual Disability Facilities industry impact industry performance..

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    What's in this report

    What is the Residential Intellectual Disability Facilities Industry?

    This industry primarily houses and tends to the daily needs of individuals diagnosed with intellectual and developmental disabilities. Industry operators focus on providing room, board, protective supervision and counseling. Additionally, some form of healthcare may be provided at industry facilities.

    Industry Products
  • Facilities for patients with mild disabilities
  • Facilities for patients with moderate disabilities
  • Facilities for patients with severe disabilities
  • Facilities for patients with profound disabilities
  • Industry Activities
  • Providing campus living, community-based group homes and apartments or supported living arrangements
  • Providing education programs
  • Providing rehabilitation services
  • Providing vocational and employment services
  • Providing medical, dental, nursing, audiology, speech-language and nutrition services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Federal expenditure on disability benefits
  • Per capita disposable income
  • Number of adults aged 65 and older

  • Current Performance
  • Medicaid
  • Baby boomers and babies
  • Facility growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Facility and demographic shift
  • Healthcare reform
  • Table: Residential Intellectual Disability Facilities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Residential Intellectual Disability Facilities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Elderly & Disabled Services

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Donations, Grants & Endowment
  • Dry Cleaners
  • Employment & Recruiting Agencies
  • Generic Pharmaceutical Manufacturing
  • Grocery Wholesaling
  • Janitorial Services
  • Land Leasing

  • Products & Services
  • Facilities for patients with profound disabilities
  • Facilities for patients with severe disabilities
  • Facilities for patients with moderate disabilities
  • Facilities for patients with mild disabilities
  • Chart: Residential Intellectual Disability Facilities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Clients aged 46 to 64
  • Clients aged 22 to 45
  • Clients aged 65 and over
  • Clients aged under 22
  • Chart: Major Market Segmentation for the Residential Intellectual Disability Facilities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Residential Intellectual Disability Facilities

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Residential Intellectual Disability Facilities Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Residential Intellectual Disability Facilities 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 Residential Intellectual Disability Facilities Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Federal funding from Medicare and Medicaid (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Developmental Disability
  • A life-long disability attributable to mental, physical or a combination of impairments manifested prior to age 18.
  • Home And Community-Based Services
  • Home and community-based services (HCBS) provide opportunities for Medicaid beneficiaries to receive services in their own home or community as opposed to an institution.
  • Intellectual Disability
  • A generalized disorder characterized by significantly impaired cognitive functioning and deficits in two or more adaptive behaviors with onset before the age of 18.
  • Intermediate Care Facilities For Individuals With
  • Long-term healthcare facilities for residents diagnosed with developmental disabilities. Also known as ICFs/IID.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Residential Intellectual Disability Facilities Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Residential Intellectual Disability Facilities:
    • 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 Residential Intellectual Disability Facilities 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 Residential Intellectual Disability Facilities, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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