Home visits: Revenue growth is likely to be supported by increasing self-funded care

Operators in the Social Services for the Elderly and People with Disabilities industry offer counselling, referrals, day care, vocational rehabilitation and habilitation services to the elderly and those living with disabilities. Industry operators have benefitted over the period from an ageing population, which has increased the proportion of UK residents who are classed as elderly as well as the number of people living with disabilities, as it has pushed up the incidence of disability related to age. However, revenue growth has been constrained to an extent by cuts in local authority expenditure and a shortage of qualified staff...read more.

Industry Statistics & Market Size
Revenue
£4.4bn
Annual Growth 14-19
0.1%
Forecast Growth 19-24
Profit
Employment
283,180
Businesses
7,163
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Growth has been constrained by cuts in local authority expenditure and a staff shortage
  • Many social service budgets have been cut, affecting operating expenses and profitability
  • The older demographic is forecast to continue growing, which will support industry demand
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Social Services for the Elderly and People with Disabilities industry is low, since the largest four companies are expected to account for a combined market share of only 4.1% in the current year. This suggests that scale is not the most significant determinant for success in the industry. The majority of industry firms operate as small or medium-size companies with start-up costs for entrants being very low. This is demonstrated by the 48.5% of enterprises employing fewer than 10 people in 2018. The difficulty in maintaining and attracting a large, competent workforce is a likely limiting factor. Many industry operators are forced to rely on a constant turnover of short-term agency staff due to a national shortage of trained nursing and care staff. Lar...purchase to read more.

    Additional Insights for the Social Services for the Elderly & People with Disabilities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Social Services for the Elderly & People with Disabilities Industry are

  • Ability to compete on tender
  • Must comply with government regulations
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Population aged 65 years and over and Real government consumption expenditure in the Social Services for the Elderly & People with Disabilities industry impact industry performance..

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    What's in this report

    What is the Social Services for the Elderly & People with Disabilities Industry?

    Operators in this industry offer counselling, referrals, day care, vocational rehabilitation and habilitation services to the elderly and those with disabilities. The industry does not cover accommodation or day care for disabled children.

    Industry Products
  • Home care
  • Day care
  • Equipment and adaptations
  • Meals
  • Dementia care
  • Industry Activities
  • Providing welfare services
  • Offering counselling
  • Providing day care
  • Providing vocational rehabilitation and habilitation services
  • Offering referrals
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population aged 65 years and over
  • Real government consumption expenditure
  • Total health expenditure
  • Real household disposable income
  • Average weekly hours of work

  • Current Performance
  • Increasing demand
  • Regulatory changes
  • Funding cuts
  • Staff shortages
  • Chart: Revenue Growth

  • Industry Outlook
  • Ageing population
  • Government support
  • Limits on growth
  • Table: Social Services for the Elderly & People with Disabilities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Social Services for the Elderly & People with Disabilities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Diagnostic & Ambulance Services
  • Medical & Orthopaedic Supplies Retailers
  • Technical & Vocational Education

  • Products & Services
  • Home care
  • Day care
  • Equipment and adaptations
  • Dementia care
  • Meals
  • Chart: Social Services for the Elderly & People with Disabilities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 65 and over
  • People aged under 65
  • Chart: Major Market Segmentation for the Social Services for the Elderly & People with Disabilities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Social Services for the Elderly & People with Disabilities

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Social Services for the Elderly & People with Disabilities Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Social Services for the Elderly & People with Disabilities Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Social Services for the Elderly & People with Disabilities Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Better Care Fund
  • A government fund designed to integrate healthcare and social care aims.
  • Habilitation
  • Health-care services designed to help people keep, learn or improve their life skills.
  • Reablement
  • Services designed to promote learning or relearning the skills necessary for independent living in elderly or disabled people.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Social Services for the Elderly & People with Disabilities market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Social Services for the Elderly & People with Disabilities:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Social Services for the Elderly & People with Disabilities market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Social Services for the Elderly & People with Disabilities, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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