Helping hands: The continued aging of the population will boost industry demand

The future is bright for the Elderly and Disabled Services industry. Fueled by an aging population, demand for care services for the elderly and people with disabilities has experienced strong growth in demand. Historically, the government has supported institutional care over home- and community-based services through Medicaid reimbursement policies and other regulations. Therefore, a significant portion of those in nursing homes would prefer to receive and would be completely supplied the care they require through a couple hours of daily personalized care in their own homes. In response to this, many state Medicaid programs have expanded funding to better cover the costs of custodial home care...purchase to read more.

Industry Statistics & Market Size
Revenue
$48bn
Annual Growth 13-18
3.8%
Forecast Growth 18-23
Profit
Employment
1.3m
Businesses
152,069
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Changing demographic trends have been the primary source of industry growth
  • The options for those seeking long-term care have expanded to provide greater flexibility and choices
  • Rising disposable income will increase access to care for disabled and elderly people
  • Industry Report - Industry Locations Chapter

    The distribution of industry facilities is dependent on the distribution of the population of individuals aged 65 years and older, the distribution of individuals living with disabilities and state regulations that affect access to services. The population of individuals aged over 65 years is the primary factor influencing the location of industry facilities throughout the United States. In 2018, according to data from the US Census, the Plains, the Southeast and the West are the regions with the highest proportion of industry establishments.The PlainsThe plains region holds by far the highest proportion of industry establishments in the US, with 36.3% in 2018. The...purchase to read more.

    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 Number of adults aged 65 and older and Federal funding for Medicare and Medicaid in the Elderly & Disabled Services industry impact industry performance..

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    What's in this report

    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
  • Nonmedical home aide services
  • Adult day care services for elderly and disabled adults
  • Counseling and information services, vocational rehabilitation
  • Social interaction services
  • All other social assistance 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Per capita disposable income
  • External competition for the Elderly and Disabled Services industries

  • Current Performance
  • Aging population, increasing demand
  • Slowly expanding options for care
  • Increasing disposable income, private coverage
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging of baby boomers continues
  • Evolution of care options
  • Growth of franchise brands
  • Employment, enterprises and profit
  • Table: Elderly & Disabled Services Industry Revenue Outlook

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

  • 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
  • Nonmedical home aide services
  • All other social assistance services
  • Adult day care services for elderly and disabled adults
  • Counseling and information services, vocational rehabilitation
  • Social interaction services
  • Chart: Elderly & Disabled Services Industry Products and Services Segmentation

  • Demand Determinants
  • Number of seniors and people with disabilities
  • Affordability and assistance
  • Competition from substitute services

  • Major Markets
  • People under 65 years old, including young adults
  • Adults aged 75-84 years old
  • Adults aged 65-74 years old
  • Adults aged 85 years and older
  • Chart: Major Market Segmentation for the Elderly & Disabled Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent and utilities
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Elderly & Disabled Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Elderly & Disabled Services 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 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
    Table: Industry Data for the Elderly & Disabled Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 65 and older (2009-2023)

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

    Why buy this report?

    IBISWorld’s Industry Market Report on Elderly & Disabled Services is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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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