Nursing homes provide 24-hour high-level care for residents typically aged over 70 and for severely disabled younger people. The industry has grown strongly over the past decade and is set for continued expansion, mainly due to the ageing of the Australian population. By 2051, nearly 20.0% of Australia's population is expected to be over 70 years of age.
Australia's ageing population suggests that industry revenue should grow strongly. However, the industry's performance has been partly restricted by budget constraints and target provision ratios that control the expansion of funded aged-care places.
The industry consists of nursing or convalescent home facilities, including those that provide nursing or medical care as a basic part of the service. These high-care facilities provide 24-hour nursing care for residents and are staffed by registered and enrolled nurses, nursing assistants or personal care assistants. The industry excludes hospice operation.
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.