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Retirement Homes in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Retirement Homes Market Research Report | SIC Q87.300 | Oct 2016

Frail growth: Increasing demand for the industry should boost revenue moderately

IBISWorld’s Retirement Homes market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
£5bn
Annual Growth 12-17
-0.7%
Annual Growth 17-22
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Profit
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Employment
206,095
Businesses
4,234
Industry Analysis & Industry Trends

The Retirement Homes industry is expected to generate revenue of £4.9 billion during 2016-17, a fall of 0.1% on the previous year. Although revenue grew in 2014-15 and 2015-16, overall, it is expected to contract at a compound annual rate of 0.7% over the five years through 2016-17. The major negative impact on the industry was the downturn that precipitated a debt crisis as tax revenue plummeted. In response, the government curtailed public expenditure, including the grant it provides to local authorities for services such as care requirements. Local governments supply funding for spending on the industry's services, either fully or partially, depending on a financial assessment of an individual's needs... purchase to read more

Industry Report - Industry Key Buyers Chapter

The industry exhibits a low level of concentration, since the four largest operators generate an estimated 8.1% of total industry revenue. All firms are relatively small, and the largest accounts for a meagre 3.7% share of revenue. The large number of small-scale operators demonstrates how fragmented the industry is. Nearly two-thirds of all enterprises employ fewer than 20 people. Some operators are expected to consolidate in future years as firms look to capitalise on growing demand and seek to gain greater efficiencies in order to boost profit margins.

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Industry ProductsRelated ReportsTable of Contents

What is the Retirement Homes Industry?

This industry provides residential and personal care for elderly and physically disabled people that are unable to care for themselves or do not want to live independently. Industry operators typically provide room, board, supervision and assistance with day-to-day tasks. The industry does not include residential homes with full-time nursing care (see IBISWorld report Q87.100) or residential care for individuals with mental disabilities (see IBISWorld report Q87.200).

Industry Products
Private retirement homesCouncil-run retirement homesVoluntary non-profit retirement homes
 
Industry Activities
Providing assisted-living facilitiesAdministering retirement communitiesProviding homes for the elderly with minimal nursing careAdministering rest homes without nursing care


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