Rising residence: The ageing demographic has increased industry demand, boosting revenue

According to Nursing Homes Ireland, there are approximately 22,000 people in specialist settings in local communities across Ireland. Private and voluntary nursing homes play a key role in healthcare delivery across the country. The Residential Nursing Care industry has performed well over the past five years, growing consistently in in each year of the period, with overall revenue rising at a compound annual rate of 4.3% to reach €650.9 million. The rate of growth in each year has also been relatively strong. The continuing aging of Ireland's population as life expectancies have increased is expected to have provided a good base for industry growth, as this demographic is the most likely to make use of industry services. Revenue is forecast to grow by 4.3% in 2018...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A strong economy and ageing population have supported robust revenue growth
  • More recently, there has been a decrease in the number of people using the Fair Deal scheme
  • Demand for nursing homes could come under pressure should funding be increased for ‘retirement villages'
  • Industry Report - Industry Key Buyers Chapter

    The Residential Nursing Care industry in Ireland has a low level of market share concentration, with the industry's largest operators expected to account for only 0.6% of the market in the current year. This indicates that, despite the significant number of acquisitions undertaken by CareChoice, the largest industry operator, over the past five years, the industry is highly fragmented.The industry is expected to have performed well over the past five years, but the majority of new revenue opportunities are expected to have been soaked up by new entrants rather than existing incumbents. The number of industry enterprises is expected to increase at a strong compound annual rate of 7.1% o...purchase to read more.

    Additional Insights for the Residential Nursing Care Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Residential Nursing Care Industry are

  • Ability to attract local support/patronage
  • Carrying out all necessary maintenance to keep facilities in a good condition
  • Ability to pass on cost increases
  • IBISWorld analysts also discuss how external factors such as Gross disposable income of households and Public healthcare expenditure in the Residential Nursing Care industry impact industry performance..

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    What's in this report

    What is the Residential Nursing Care in Ireland Industry?

    Operators in this industry provide combined residential and intensive nursing care. This combination is what differentiates the industry from other care home operations.

    Industry Products
  • Private-sector Care
  • Public-sector Care
  • Voluntary (Third Sector) Care
  • Industry Activities
  • Operating homes for the elderly with nursing care services
  • Operating convalescent homes
  • Operating nursing care facilities
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Gross disposable income of households
  • Public healthcare expenditure
  • Population aged 65 years and over
  • Private healthcare expenditure

  • Current Performance
    Aging gracefullyA fragmented industry
  • Chart: Revenue Growth

  • Industry Outlook
    Private fundingSecuring a place
  • Table: Residential Nursing Care Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Residential Nursing Care Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland
  • Allied Health-Care Services in Ireland

  • Key Selling Industries
  • Food, Beverage & Tobacco Wholesaling in Ireland
  • Pharmaceutical Wholesaling in Ireland
  • Temporary-Employment Placement Agencies in Ireland

  • Products & Services
  • Private-sector Care
  • Public-sector Care
  • Voluntary (Third Sector) Care
  • Chart: Residential Nursing Care Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 85 and over
  • People aged between 75 and 84
  • People aged between 65 and 74
  • People aged 64 or under
  • Chart: Major Market Segmentation for the Residential Nursing Care Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent
  • Utilities
  • Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Residential Nursing Care

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Residential Nursing Care 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 Nursing Care 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 Nursing Care Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Wages (2009-2023)
  • Purchases (2009-2023)
  • Profit (2009-2023)
  • Depreciation (2009-2023)
  • Marketing (2009-2023)
  • Rent (2009-2023)
  • Utilities (2009-2023)
  • Other (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Economic and Social Research Institute
  • Hse
  • Health Service Executive
  • Nhi
  • Nursing Homes Ireland
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Residential Nursing Care in Ireland market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 Nursing Care in Ireland:
    • 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 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 Nursing Care in Ireland 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 Nursing Care in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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