Industry Market Research Synopsis

This Industry Market Research report from this provides a detailed analysis of the Accommodation for the Aged in Australia industry, including key growth trends, statistics, forecasts, the competitive environment including market shares and the key issues facing the industry.

Industry Definition

This Class consists of units mainly engaged in providing long-term care accommodation or homes for senior citizens where nursing or medical care is not provided as a major service.Low-level care facilities, commonly called 'hostels', are suitable for mobile people who may require assistance with personal hygiene, dressing, laundry, cooking, shopping or the supervision of medication. However, while hostels predominantly provide low-level care, many hostels also provide some high-level care (refer below), often to allow residents to stay in the same facility as their care needs increase.Nursing homes, or high-level care nursing facilities, provide 24 hour nursing care for residents and are staffed by registered and enrolled nurses, nursing assistant or personal care assistants. Generally, these facilities are most suitable for a person in the later stages of dementia, or for those with dementia who also have other medical conditions.Specific dementia units are small units designed specifically for people with dementia and can be classified as either high or low level care, depending on the degree of care provided. Not all people with dementia require a specific dementia unit. People with special care needs, such as those who may not be safely accommodated in general residential facilities, are best suited to these units.However, while nursing homes predominantly provide high-level care, many nursing homes also provide some low-level care.

Report Contents

The Key Statistics chapter provides the key indicators for the industry for at least the last three years. The statistics included are industry revenue, industry gross product, employment, establishments, exports, imports, domestic demand and total wages.

The Market Characteristics chapter covers the following: Market Size, Linkages, Demand Determinants, Domestic and International Markets, Basis of Competition and Life Cycle. The Market Size section gives the size of the domestic market as well as the size of the export market. The Linkages section lists the industry's major supplier and major customer industries. The Demand Determinants section lists the key factors which are likely to cause demand to rise or fall. The Domestic and International Markets section defines the market for the products and services of the industry. This section provides the size of the domestic market and the proportion accounted for by imports and exports and trends in the levels of imports and exports. The Basis of Competition section outlines the key types of competition between firms within the industry as well as highlighting competition from substitute products in alternative industries. The Life Cycle section provides an analysis of which stage of development the industry is at.

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