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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 | May 2017

Getting on: Demand for the industry's services has been sustained by the ageing population

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
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • Families with less time to care for elderly relatives are more likely to use industry services
  • Local authorities can dictate, to an extent, the fees that they are willing to pay to care home operators
  • Limited spending power could lower spending on care services from the lucrative self-funded segment
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Industry Analysis & Industry Trends

The Retirement Homes industry is expected to generate revenue of £5.3 billion in 2017-18, increasing by 0.6% on the previous year. Despite revenue declining at the start of the period, the industry is expected to grow at a compound annual rate of 0.5% over the five years through 2017-18. 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. Constrained local government budgets limited industry revenue growth over recent years. Many operators have been forced to cross-subsidise local-authority beds with fees from self-funded residents... purchase to read more

Industry Report - Industry Products Chapter

Private retirement homes

The private sector is the lead provider of retirement home services and contains both for-profit organisations and housing associations. The private sector has been increasing in market share at the expense of public and voluntary counterparts over the past five years due to limited government funding. The shift of the burden of providing care from the state to the private sector has been the biggest factor in this segment's rise. Private operators rely heavily on local authority funding, making cooperation between the two sectors essential. The private sector has slightly increased its share of revenue over the past five years. Alt.. purchase to read more

Additional Insights for the Retirement Homes Industry

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

  • Provision of appropriate facilities
  • Optimum capacity utilisation
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Population aged 65 years and over and Real government consumption expenditure in the Retirement Homes industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    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
  • Population aged 65 years and over
  • Real government consumption expenditure
  • Real household disposable income
  • Average weekly hours of work
  • Current Performance
  • The ageing population
  • Funding shortfalls
  • Organising operations
  • Chart: Revenue Growth
  • Industry Outlook
  • Leaving the European Union
  • Demand expansion
  • Future change
  • Table: Retirement Homes Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement Homes Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Combined Facilities Support Activities
  • General Building Cleaning
  • Grocery Wholesaling
  • Temporary-Employment Placement Agencies
  • Products & Services
  • Private retirement homes
  • Voluntary non-profit retirement homes
  • Council-run retirement homes
  • Chart: Retirement Homes Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Female patients
  • Male patients
  • Chart: Major Market Segmentation for the Retirement Homes Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Retirement Homes
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Retirement Homes Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement Homes 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 Retirement Homes Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • A house funded by a charity that offers accommodation for poor people.
  • Care Home
  • A residential home that provides 24-hour general care. Some, but not all, have registered nurses.
  • Palliative Care
  • Care provided to those that are terminally ill.
  • Self-Funder
  • A retirement home resident that pays their own way rather than relying on public money.

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

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