Overview

Take care: The continued aging of the population will boost industry demand

IBISWorld’s Elderly & Disabled Services 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.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$51bn
Annual Growth
12-17
5.8%
Annual Growth
17-22
Profit
Employment
1,293,669
Business
135,151

Industry Threats & Opportunities

  • Changing demographic trends have been the primary source of industry growth
  • Community-based care providers compete with institutional care providers for government funding
  • Unpredictable premium hikes are a key problem facing the industry

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    Industry Analysis & Industry Trends

    The future is bright for the Elderly and Disabled Services industry. Fueled by an aging population, demand for industry services is abundant. However, a significant portion of the market has been receiving services from institutional providers (e.g. nursing care and assisted-living facilities) rather than from the industry's formal, noninstitutional providers. In the coming years, industry revenue is expected to grow significantly, primarily due to the continued aging of the population. Additionally, the availability of family caregivers will continue to decline over the next five years as the unemployment rate drops, boosting demand for formal caregivers and driving growth in both industry operator numbers and employment...

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    Industry Report - Industry Key Buyers Chapter

    The Elderly and Disabled Services industry is highly fragmented; the top four providers are expected to generate just 4.3% of industry revenue in 2017. Although the majority of industry services are funded by the federal government, they are provided by a large number of small organizations at the local level. As more baby boomers reach age 65 and the federal government boosts commitments to improving facilities for the disabled, a larger number of small providers will enter the industry over the following five years. As a result, industry fragmentation is expected to remain high.

    The increasing prevalence of for-profit companies has led to limited consolidation across the industry. Dur..

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    Additional Insights for the Elderly & Disabled Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Elderly & Disabled Services Industry are

  • Having an integrated operation
  • Proximity to key markets
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in the Elderly & Disabled Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Elderly & Disabled Services Industry?

    This industry provides outpatient social assistance services to improve the quality of life for the elderly, the mentally ill and people with disabilities. Operators provide services in such areas as day care, nonmedical home care or homemaker services, social activities, group support and companionship. The industry does not include companies that primarily provide medical services or companies that provide overnight housing (e.g. retirement homes).

    Industry Products
    Senior community centers
    In-home personal care services
    Day care services for the physically disabled
    Day care services for the learning disabled
    Disability support groups
    Home-delivered meals and transportation
    Other services
    Industry Activities
    Operating day care centers
    Providing nonmedical home care
    Providing homemaker services
    Providing social activities
    Providing group support
    Providing companionship

    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
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Per capita disposable income
  • External competition for the Elderly and Disabled Services industries
  • Number of people with private health insurance

  • Current Performance
  • Demographic trends
  • Limited insurance coverage and funding pressures
  • Competition for government funding
  • Healthcare reform boosts community care
  • Chart: Revenue Growth

  • Industry Outlook
  • Long-term care insurance coverage
  • Healthcare reform fuels growth
  • Growth of franchise brands
  • Table: Elderly & Disabled Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Elderly & Disabled Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Home Care Providers
  • Nursing Care Facilities
  • Physical Therapists
  • Primary Care Doctors
  • Psychologists, Social Workers & Marriage Counselors
  • Residential Intellectual Disability Facilities
  • Retirement Communities
  • Specialist Doctors

  • Products & Services
  • In-home personal care services
  • Senior community centers
  • Other services
  • Home-delivered meals and transportation
  • Day care services for the physically disabled
  • Day care services for the learning disabled
  • Disability support groups
  • Chart: Elderly & Disabled Services Industry Products and Services Segmentation

  • Demand Determinants
  • Catering to an older crowd
  • Affordability
  • Competition from other formal care and informal care

  • Major Markets
  • People aged 65 years and older
  • People with a physical disability
  • People with a mental disability
  • People with an employment disability
  • People with a sensory disability
  • People unable to leave the home
  • People with a self-care disability
  • Chart: Major Market Segmentation for the Elderly & Disabled Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Elderly & Disabled Services

  • Basis of Competition
  • External competition
  • Competition for funding

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Elderly & Disabled Services Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Elderly & Disabled 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 Elderly & Disabled Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 65 and older (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Baby Boomer
  • A person born during the demographic birth boom between 1946 and 1964
  • Caregiver
  • Anyone who provides assistance to someone else who is, to some degree, incapacitated and needs help performing the daily tasks essential to living a normal life
  • Long-Term Care
  • Care for a chronic condition, trauma, or illness that limits a person's ability to carry out basic self-care tasks, called activities of daily living (ADLs)
  • Medicaid
  • A jointly funded cooperative venture between the federal and state governments to assist states in the provision of medical care to eligible needy individuals
  • Medicare
  • A social insurance program administered by the US government, providing health insurance coverage to people who are aged 65 and over and to those who are physically disabled
  • 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 Elderly & Disabled 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 Elderly & Disabled 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 Elderly & Disabled Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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