Accommodation for the Aged in Australia - IBISWorld Industry Market Research

Accommodation for the Aged in Australia

Accommodation for the Aged in Australia - IBISWorld Industry Market Research
Accommodation for the Aged in Australia
Published Jun 03, 2013
32 pages — Published Jun 03, 2013
Price US$ 890.00  |  Buy this Report Now

About This Report


Population projections indicate that by 2056, one in four Australians will be aged above 65. Australia is already well on its way, with the baby boomer generation reaching retirement age. By 2013-14, the population growth rate of those above 70 is forecast to exceed 3.0%, reaching a high of 4.7% by 2017-18. As more individuals grow frail with age, demand for aged-care accommodation is expected to lead to revenue of $6.7 billion in 2012-13. Over the five years through 2012-13, industry revenue is forecast to grow at a compound annual 6.8%. In 2012-13, industry revenue is projected to grow by 4.7% on the previous year.

The industry consists of establishments that provide long-term care accommodation or homes for senior citizens where nursing or medical care is not provided as a major service. While hostels predominantly provide low-level care, many also provide some high-level care, often to allow residents to stay in the same facility as their care needs increase.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Accommodation for the Aged in Australia" Jun 03, 2013. Alacra Store. Oct 24, 2016. <>
IBISWorld Industry Market Research. (2013). Accommodation for the Aged in Australia Jun 03, 2013. New York, NY: Alacra Store. Retrieved Oct 24, 2016 from <>
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