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Elder Care Services - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

  • Study #: 3587
  • Published: 11/2017
  • Pages: 188
  • Full Study Price: US$ 5,200

Elder Care Services - Industry Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

US elder care revenues are projected to increase 4.8% annually through 2021 to $388 billion, supported by a variety of factors, including: an aging population; increasing cost of care; continued desire among older adults to age in place; and reduced stigma attached to receiving care. Skilled nursing will remain the largest elder care service segment, but gains will be below the market average. The high cost of this service, coupled with the need to uproot older adults from their homes, will continue to draw customers to community-based options, benefiting the smaller social services and assisted living segments, which will see the fastest gains through 2021.

This Freedonia study assesses the $307 billion US elder care services market. It presents historical data (2006, 2011 and 2016) and forecasts for 2021 by service (skilled nursing, home healthcare, social services, continuing care retirement communities, assisted living), provider (for-profit, nonprofit), payment source (Medicaid, out-of-pocket, Medicare, private insurance, other), and US region. The study also evaluates company market share and analyzes industry competitors such as Brookdale Senior Living, Genesis HealthCare, HCR ManorCare, Kindred Healthcare, and Life Care Centers of America.

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Table of Contents

EXECUTIVE SUMMARY

OVERVIEW

Key Findings

Consumer Trends in Elder Care Preferences

Concerns Regarding Elder Care Financing

Elder Care Financing Concerns by Age

Elder Care Financing Concerns by Race & Ethnicity

Preferences Regarding Family Elder Care

Family Elder Care Concerns by Age

Family Elder Care Concerns by Race & Ethnicity

Preferences Regarding Aging in Place

Regulatory Environment

Overview

Affordable Care Act (ACA)

Existing Legislation

Impact of Potential Changes Going Forward

Anti-Kickback Statute

Occupational Safety & Health Administration (OSHA)

Consumer Protection

Improving Medicare Post-Acute Care Transformation Act (IMPACT Act)

Real Estate Investment Trust (REIT)

Employment

Employee Retention Concerns

Facility & Staff Licensing

Franchises

SERVICES

Key Findings

Revenues by Service

Types of Services

Revenues by Service: Revenues Forecast

Skilled Nursing

Skilled Nursing: Definition

Skilled Nursing: Revenue Forecast

Skilled Nursing: Employees

Skilled Nursing: Regulations

Skilled Nursing: Providers

Skilled Nursing: Payment Sources

Skilled Nursing: Types of Government Coverage

Skilled Nursing: Revenues by Payment Source

Home Healthcare Services

Home Healthcare: Definition

Home Healthcare: Revenue Forecast

Home Healthcare: Employees

Home Healthcare: Regulations

PERS Services

Home Healthcare: Providers

Home Healthcare: Payment Sources

Social Services

Social Services: Definition

Social Services: Revenue Forecast

Social Services: Employees

Social Services: Service Types

Adult Day Care

Non-Medical Home Care

Other Services

Social Services: Providers

Social Services: Payment Sources

Social Services: Types of Coverage Available

Social Services: Payment Trends

Continuing Care Retirement Communities

Continuing Care Retirement Communities: Definition

Continuing Care Retirement Communities: Advantages & Disadvantages

Continuing Care Retirement Communities: Payment Options

Continuing Care Retirement Communities: Revenue Forecast

Continuing Care Retirement Communities: Providers

Continuing Care Retirement Communities: Payment Sources

Assisted Living Facilities

Assisted Living Facilities: Definition

Assisted Living Facilities: Revenue Forecast

Assisted Living Facilities: Employees

Assisted Living Facilities: Regulations

Assisted Living Facilities: Providers

Assisted Living Facilities: Payment Sources

PROVIDERS

Key Findings

Revenues by Provider

Providers Definitions

Revenues by Provider: Forecast

For-Profit

For-Profit: Revenue Forecast

For-Profit: Provider Characteristics

For-Profit: Regulations

Nonprofit

Nonprofit: Revenue Forecast

Nonprofit: Provider Characteristics

PAYMENT SOURCES

Key Findings

Revenues by Payment Source

Types of Payment Sources

Payment Sources: Outlook

Medicaid

Medicaid: Description

Medicaid: Key Program Trends

Medicaid: Payment Forecast

Out-of-Pocket

Out-of-Pocket: Description

Out-of-Pocket: Payment Forecast

Medicare

Medicare: Description

Medicare: Covered Services

Medicare: Key Program Trends

Medicare: Payment Forecast

Private Insurance

Private Insurance: Key Coverage Trends

Private Insurance: Payment Forecast

Other Payments

Other Payments: Description

Other Payments: Payment Forecast

REGIONS

Key Findings

Regional Elder Care Services Revenues

Northeast

Northeast: Revenue Forecast

New England

Middle Atlantic

Midwest

Midwest: Revenue Forecast

East North Central

West North Central

South

South: Revenue Forecast

South Atlantic

East South Central

West South Central

West

West: Revenue Forecast

Mountain

Pacific

INDUSTRY STRUCTURE

Key Findings & Industry Composition

Market Share

Competitive Strategies

Competitive Strategies: Overview

Low Cost Leadership

Service Differentiation

Market Segmentation

Marketing

Mergers & Acquisitions

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Associations & Agencies

Related Freedonia Group Studies

Definitions

Abbreviations

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending Environment

Building Construction Outlook

Business Establishment Trends

Regional Demographic Trends


List of Tables

OVERVIEW

Table 2-1 | Consumer Responses by Age & Race & Ethnicity: "I prefer to age in place", 2017

SERVICES

Table 3-1 | Elder Care Services Revenue by Services Provider, 2006 – 2021 (million dollars)

Table 3-2 | Skilled Nursing Services Indicators, 2006 - 2021

Table 3-3 | Skilled Nursing Regulations

Table 3-4 | Skilled Nursing Services Revenue by Provider Type, 2006 - 2021 (million dollars)

Table 3-5 | Types of Government Coverage for Skilled Nursing Services

Table 3-6 | Skilled Nursing Services Revenues by Payment Source, 2006 - 2021 (million dollars)

Table 3-7 | Home Healthcare Services Indicators, 2006 - 2021

Table 3-8 | PERS Monitoring Services Overview, 2006 - 2021

Table 3-9 | Home Healthcare Services Revenues by Provider Type, 2006 - 2021 (million dollars)

Table 3-10 | Home Healthcare Services Revenues by Payment Source, 2006 - 2021 (million dollars)

Table 3-11 | Social Services Indicators, 2006 - 2021

Table 3-12 | Types of Social Services Caregivers

Table 3-13 | Social & Medical Adult Day Care Models Characteristics & Services

Table 3-14 | Social Services Revenue by Provider Type, 2006 - 2021 (million dollars)

Table 3-15 | Social Services Coverage by Payment Source

Table 3-16 | Social Services Revenue by Payment Source, 2006 - 2021 (million dollars)

Table 3-17 | Advantages & Disadvantages of Continuing Care Retirement Communities

Table 3-18 | Common Payment Options for Continuing Care Retirement Communities

Table 3-19 | Continuing Care Retirement Communities Indicators, 2006 - 2021

Table 3-20 | Continuing Care Retirement Communities by Provider, 2006 - 2021 (million dollars)

Table 3-21 | Continuing Care Retirement Communities by Payment Source, 2006 - 2021 (million dollars)

Table 3-22 | Assisted Living Facilities Indicators, 2006 - 2021

Table 3-23 | Assisted Living Facilities Revenues by Provider, 2006 - 2021 (million dollars)

Table 3-24 | Assisted Living Facilities Revenue by Payment Source, 2006 - 2021 (million dollars)

PROVIDERS

Table 4-1 | Elder Care Services Revenues by Provider, 2006 - 2021 (million dollars)

Table 4-2 | For-Profit Elder Care Services Revenues by Service Type, 2006 - 2021 (million dollars)

Table 4-3 | Nonprofit Elder Care Services Revenue by Service, 2006 - 2021 (million dollars)

PAYMENT SOURCES

Table 5-1 | Elder Care Services Revenues by Payment Source, 2006 - 2021 (million dollars)

Table 5-2 | Selected Medicaid Statistics, 2006 - 2016

Table 5-3 | Medicaid Payments for Elder Care Services, 2006 - 2021 (million dollars)

Table 5-4 | Out-of-Pocket Payments for Elder Care Services, 2006 - 2021 (million dollars)

Table 5-5 | Medicare Types by Covered Services, Fees, & Availability

Table 5-6 | Selected Medicare Statistics, 2006 - 2016

Table 5-7 | Medicare Payments for Elder Care Services, 2006 - 2021 (million dollars)

Table 5-8 | Selected Private Insurance Statistics, 2006 - 2015

Table 5-9 | Private Insurance Payments for Elder Care Services, 2006 - 2021 (million dollars)

Table 5-10 | Other Payment Sources for Elder Care Services, 2006 - 2021 (million dollars)

REGIONS

Table 6-1 | Elder Care Services Revenues by Region, 2006 - 2021 (million dollars)

Table 6-2 | Northeast: Elder Care Services Revenues by Source & Subregion, 2006 - 2021 (million dollars)

Table 6-3 | New England: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-4 | Middle Atlantic: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-5 | Midwest: Elder Care Services Revenues by Source & Subregion, 2006 - 2021 (million dollars)

Table 6-6 | East North Central: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-7 | West North Central: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-8 | South: Elder Care Services Revenues by Source & Subregion, 2006 - 2021 (million dollars)

Table 6-9 | South Atlantic: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-10 | East South Central: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-11 | West South Central: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-12 | West: Elder Care Services Revenues by Source & Subregion, 2006 - 2021 (million dollars)

Table 6-13 | Mountain: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

Table 6-14 | Pacific: Elder Care Services Revenues by State, 2006 - 2021 (million dollars)

INDUSTRY STRUCTURE

Table 7-1 | Elder Care Services Sales by Company, 2016

Table 7-2 | Marketing Strategies Employed by Elder Care Services Providers

Table 7-3 | Selected Acquisitions & Divestitures

APPENDIX

Table 8-1 | Study Scope: Elder Care Services

Table 8-2 | Relevant NAICS (2007) & SIC Codes

Table 8-3 | Abbreviations & Acronyms Used in Study

Table 8-4 | Macroeconomic Indicators, 2006 - 2021 (billion 2009 dollars)

Table 8-5 | Population & Households, 2006 - 2021 (million persons)

Table 8-6 | Personal Consumption Expenditures, 2006 - 2021 (billion dollars)

Table 8-7 | Building Construction Expenditures, 2006 - 2021 (billion dollars)

Table 8-8 | Business Establishments, 2006 - 2021 (thousands)

Table 8-9 | Population by Region, 2006 - 2021 (million persons)


List of Figures

EXECUTIVE SUMMARY

Figure 1-1 | US Elder Care Services Market

OVERVIEW

Figure 2-1 | Key Trends in the Elder Care Services Market

Figure 2-2 | Consumer Responses Regarding Elder Care Services Financing by Age, 2017

Figure 2-3 | Consumer Responses Regarding Elder Care Services Financing by Race & Ethnicity, 2017

Figure 2-4 | Consumer Responses Regarding Family Expectations for Elder Care Services by Age, 2017

Figure 2-5 | Consumer Responses Regarding Family Expectations for Elder Care Services by Race & Ethnicity, 2017

SERVICES

Figure 3-1 | Elder Care Services Trends by Service Type

Figure 3-2 | Elder Care Services Demand & CAGR by Type, 2016 - 2021 (billion dollars & percent)

Figure 3-3 | Elder Care Services Revenue Annual Growth, 2006 - 2016 (percent)

Figure 3-4 | Skilled Nursing Residents, Revenues, & Costs per Patient CAGR, 2011 - 2021 (percent)

Figure 3-5 | Skilled Nursing Services Demand & CAGR by Payment Source, 2016 - 2021 (billion dollars & percent)

Figure 3-6 | Home Healthcare Employment & Establishments CAGR, 2011 - 2021 (percent)

Figure 3-7 | Home Healthcare Revenues & CAGR by Payment Source, 2016 - 2021 (billion dollars & percent)

Figure 3-8 | Social Services Employment & Establishments CAGR, 2011 - 2021 (percent)

Figure 3-9 | Social Services Caregivers by Type, 2016 (percent)

Figure 3-10 | Social Services Demand & CAGR by Payment Source, 2016 - 2021 (billion dollars & percent)

Figure 3-11 | Continuing Care Retirement Communities Residents, Revenues, & Costs per Patient CAGR, 2011 - 2021 (percent)

Figure 3-12 | Continuing Care Retirement Communities Revenues & CAGR by Payment Source, 2016 - 2021 (billion dollars & percent)

Figure 3-13 | Assisted Living Residents, Residency, & Establishments CAGR, 2011 - 2021 (percent)

Figure 3-14 | Assisted Living Facilities Revenues & CAGR by Payment Source, 2016 - 2021 (billion dollars & percent)

PROVIDERS

Figure 4-1 | Elder Care Services Provider Trends

Figure 4-2 | For-Profit Elder Care Services Demand & CAGR by Type, 2016 - 2021 (billion dollars & percent)

Figure 4-3 | Nonprofit Elder Care Services Demand & CAGR by Type, 2016 - 2021 (billion dollars & percent)

PAYMENT SOURCES

Figure 5-1 | Trends in Elder Care Services Payment Sources

Figure 5-2 | Elder Care Services Demand & CAGR by Payment Source, 2016 - 2021 (billion dollars & percent)

Figure 5-3 | Medicaid Payments & CAGR by Service Type, 2016 - 2021 (billion dollars & percent)

Figure 5-4 | Out-of-Pocket Payments & CAGR by Service Type, 2016 - 2021 (billion dollars & percent)

Figure 5-5 | Medicare Payments & CAGR by Service Type, 2016 - 2021 (billion dollars & percent)

Figure 5-6 | Private Insurance Payments & CAGR by Service Type, 2016 - 2021 (billion dollars & percent)

Figure 5-7 | Other Payments & CAGR by Service Type, 2016 - 2021 (billion dollars & percent)

REGIONS

Figure 6-1 | Elder Care Services Trends by Region

Figure 6-2 | Elder Care Services Revenue & CAGR by Region, 2006 - 2021 (billion dollars)

INDUSTRY STRUCTURE

Figure 7-1 | US Elder Care Services Market Share, 2016

Figure 7-2 | Elder Care Service Market Leader: Leading Supplier

Figure 7-3 | Elder Care Services Market Leader: Second Leading Supplier

Figure 7-4 | Elder Care Services Market Leader: Third Leading Supplier

Figure 7-5 | Elder Care Services Market Leader: Fourth Leading Supplier

Figure 7-6 | Elder Care Services Market Leader: Fifth Leading Supplier

APPENDIX

Figure 8-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average (percent)

Figure 8-2 | Annual Population Growth, 2001 - 2016 (percent)

Figure 8-3 | Share of Population by Region, 2006 - 2021 (percent)


© by The Freedonia Group, a division of MarketResearch.com


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