The Retirement Homes industry is expected to generate revenue of £5 billion during 2015-16, an increase of 0.6% on the previous year. Nevertheless, the overall trend of the industry over the past five years has been downward. Industry revenue is expected to contract at a compound annual rate of 1.1% over the five years through 2015-16. The biggest impact on the industry was the downturn that precipitated a debt crisis as tax revenue plummeted. In response, central government curtailed public expenditure, including the grant it provides to local authorities for services, such as care requirements.
This industry provides residential and personal care for elderly and infirm people that are unable to care for themselves or do not want to live independently. Industry operators typically provide room, board, supervision and assistance with day-to-day tasks.
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.