Industry Analysis & Industry Trends
Fueled by a rising aging population, demand for industry services is growing. Over the past five years, operators experienced an increase in revenue despite external competition from nursing care and assisted living facilities, in addition to more of the elderly and disabled population turning to family and friends for care. Revenue is likely to continue rising over the next five years as disposable income levels recover, long-term care insurance coverage increases moderately and government policies promote home- and community-based services... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Elderly and Disabled Services industry are low. There are no major players in the industry, indicating that no operator has monopolized any market segment, product or service, or geographic region. The absence of large operators in the industry reduces barriers for new entrants, as competition for funding and customers is not against an entrenched and reputable organization.
Social welfare expenditures by local governments, total population and the concentration of resources in the largest nonprofit providers in metropolitan areas have little effect on the entry of industry providers. Instead, two key factors - regional philanthropic tradition and organizational density - serve as important predictors of new company formation... purchase to read more