Industry Analysis & Industry Trends
Providers of social services to the elderly and people with disabilities help those who live at home to stay there rather than entering residential care. The two expanding major markets for the industry, those aged 65 years and over and those with a permanent disability, are expected to support revenue growth. The UK population has been ageing over the past few decades and the proportion of people aged 65 years and over has been steadily increasing. The number of people living with a disability has also risen slowly in the past five years, lifting both demand and, by extension, industry revenue.
However, recent reductions in local authority budgets as a result of central government spending constraints have limited the extent of revenue growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Social Services for the Elderly and People with Disabilities industry provides care and support activities to two clearly defined and segmented groups of people. This includes older people who are not able live with complete independence and people with disabilities who are not able to live without some form of assistance. The proportion of older people has been growing steadily over the years and is expected to continue its upward trend, inflating demand for care and support services. However, UK-wide economic growth is anticipated to be greater than industry expansion. Industry value-added, measuring the industry's contribution to the overall economy, is anticipated to grow at a compound annual rate of 1.8% d.. purchase to read more