Aging gracefully: Despite growing demand for industry services, profit margins have declined

Over the past five years the Retirement Communities industry in Ohio has experienced mainly steady growth. Unlike nursing homes, retirement communities do not offer healthcare services and focus on independent living. Demand for retirement communities is mainly based on people's ability to pay for residence fees. Over the past five years, per capita disposable income in Ohio has increased. As a result, more people have been able to afford to move to high-end retirement communities. Additionally, demand for retirement communities has grown as Ohio's population has aged because retirement communities are only available for individuals over a certain age. However, despite growing demand for industry services, the industry has grown minimally over the past five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
2.4%
Forecast Growth 18-23
Profit
Employment
44,112
Businesses
633

Industry Threats & Opportunities

  • Industry performance is largely driven by the elderly population in Ohio
  • Additional Insights for the Retirement Communities in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Retirement Communities in Ohio Industry are

  • Superior financial management and debt management
  • Being familiar with local tastes and preferences
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older in Ohio and Home Price Index for Ohio in the Retirement Communities in Ohio industry impact industry performance..

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    What's in this report

    What is the Retirement Communities in Ohio Industry?

    This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled-nursing or rehabilitative services.

    Industry Products
  • Independent living services
  • Assisted living services
  • Assisted living and skilled nursing services without rehabilitation
  • Assisted living and skilled nursing services with rehabilitation
  • Industry Activities
  • Providing room and board
  • Nursing and other supervision
  • Assistance in daily living
  • Housekeeping services
  • 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 in Ohio
  • Home Price Index for Ohio
  • Per capita disposable income in Ohio
  • Federal funding for Medicare and Medicaid
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement Communities in Ohio Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals
  • Nursing Care Facilities
  • Consumers

  • Key Selling Industries
  • Apartment & Condominium Construction
  • Community Food Services
  • Dry Cleaners
  • Home Care Providers
  • Janitorial Services
  • Public Administration
  • Real Estate Investment Trusts

  • Products & Services
  • Assisted living services
  • Assisted living and skilled nursing services without rehabilitation
  • Independent living services
  • Assisted living and skilled nursing services with rehabilitation
  • Other
  • Chart: Retirement Communities in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Females with incomes greater than $20,000
  • Females with incomes less than $20,000
  • Males with incomes greater than $20,000
  • Males with incomes less than $20,000
  • Chart: Major Market Segmentation for the Retirement Communities in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Retirement Communities in Ohio

  • Basis of Competition
    Barriers to Entry
    Bluebird Retirement Community, Laurel Lake Retirement Community, Ohio Living, Otterbein Senior Lifestyle Choices, Primrose Retirement Communities LLC,
  • Table: Bluebird Retirement Community - financial performance
  • Table: Laurel Lake Retirement Community - financial performance
  • Table: Ohio Living - financial performance
  • Table: Otterbein Senior Lifestyle Choices - financial performance
  • Table: Primrose Retirement Communities LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement Communities in Ohio 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 Retirement Communities in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Ohio house price index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Activities Of Daily Living (Adl)
  • Everyday activities such as bathing, grooming, eating, using the toilet and getting dressed.
  • Care For Alzheimer's Disease And Dementia
  • Care provided to individuals with memory impairment; can include medical and social assistance with activities of daily living.
  • Continuing Care Retirement Community (Ccrc)
  • A facility that provides individuals with a choice of services and living situations for the remainder of their lives.
  • Hospice Care
  • Care and comfort measures provided to those with a terminal illness and their families; can include medical, counseling and social services.
  • Nursing Home
  • A facility licensed by the state that provides 24-hour nursing care, room and board and activities for convalescent residents and those with chronic and/or long-term illnesses.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Retirement Communities in Ohio Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Retirement Communities in Ohio industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Retirement Communities in Ohio:
    • 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 Retirement Communities in Ohio 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 Retirement Communities in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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