Changing preferences and a shift to foster homes rather than group homes will constrain the Orphanages and Group Homes industry's growth. Despite a temporary boost in funding over 2012, state funding will remain constricted over the next five years, dampening industry revenue. Nevertheless, the industry will benefit from a projected rise in per capita disposable income, which will aid private contributions to orphanages and group homes.
This industry includes foster homes, group homes, halfway homes, orphanages and boot camps. The industry does not include substance abuse facilities, retirement homes, correctional institutions or temporary shelters. While the industry provides some services to adults, these facilities are primarily for children and youth.
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.