Signs of ageing: Slow growth is expected as reduced local authority budgets weigh on operators

Providers of social services to the elderly and people with disabilities help those who live at home to stay there rather than entering residential care. The industry's two major markets, those aged 65 years and over and those with a permanent disability, are expanding, which is expected to support revenue growth. The UK population has been ageing over the past few decades and the proportion of people aged 65 years and over has been steadily increasing. The number of people living with a disability has also risen slowly in the past five years, lifting both demand and industry revenue.However, recent reductions in local authority budgets as a result of government spending constraints have limited the extent of revenue growth...read more.

Industry Statistics & Market Size
Revenue
£4.4bn
Annual Growth 14-19
0.2%
Forecast Growth 19-24
Profit
Employment
278,001
Businesses
7,207
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The ageing population is expected to continue supporting revenue over the next five years
  • Many social-care providers have declined to bid for local authority contracts due to falling prices
  • The government may be forced to raise its spending on social services in light of growing demand
  • Industry Report - Industry Investment Chapter

    Capital intensity is determined by comparing the human and capital equipment factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs indicate a high level of investment in depreciable assets such as buildings and equipment, suggesting high capital intensity. Conversely, comparatively high wage costs indicate high labour intensity.The Social Services for the Elderly and People with Disabilities industry exhibits a low level of capital intensity. This is reflected by its capital-to-labour ratio, indicating that for every £1.00 spent on capital, approximately £47.60 is spent on wages. This reflects the high level of human labour input required for personal-care services...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

  • Current Performance
  • Changing requirements
  • Falling funds
  • Staff shortages
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand expansion
  • Private provisions
  • Profit performance
  • 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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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