Underpinned by demographic shifts such as an aging population, demand for the Elderly and Disabled Services industry has been strong in the past five years. Although industry operators compete with institutional care providers like nursing homes, which have historically been favored by federal healthcare programs, the Affordable Care Act has increased funding for the community-based care provided by this industry. Furthermore, growth potential in the market for long-term care insurance, and state-level tax subsidies that encourage its purchase, could increase the affordability of industry services over the next five years, further raising demand. Regardless, continued growth in the size of the US senior population is expected to sustain industry growth through 2020.
This industry provides outpatient social assistance services to improve the quality of life for the elderly, the mentally ill and people with disabilities. Operators provide services in such areas as day care, nonmedical home care or homemaker services, social activities, group support and companionship. The industry does not include companies that primarily provide medical services or companies that provide overnight housing (e.g. retirement homes).
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.