Care Homes Construction Market Report - UK 2012-2016

Countries covered: United Kingdom AMA Research are pleased to announce the publication of the 1st Edition of a new report “Care Homes Construction Market Report – UK 2012-2016 Analysis”. The report should be of particular interest to care providers in the private and local authority sectors and construction/service companies involved in the long-term care sector. Key areas in the report: Structure and size of both the independent and voluntary sectors . Analysis of supply and demand in the care sector against a backdrop of an ageing population. Sources of funding and investment in the independent and voluntary care sectors. Development pipeline – key building programmes and major players. As a consequence of the economic downturn, there has been a rise in the number of new sites available for care home development and, together with reduced development costs and strong investor appetite, there are now opportunities to develop new facilities, particularly in areas where there is an under-provision of care homes. It is estimated that the private long-term care sector will continue to experience steady growth over the next five years, increasing on average by around 5% per year to reach a value of around £12.7bn by 2015. Areas of particular interest: Impact of collapse of Southern Cross and the change in ownership structures and financing arrangements of many private care home operators, changes in market share etc. Implications of Health & Social Care Bill and Dilnot Report into funding of long-term care. Analysis of long-term care homes development pipeline. Detailed analysis of the development opportunities available to develop residential care property and the building programmes and expansion plans of leading independent and voluntary sector providers. The ""two-tier"" system in the care homes market between public and private sectors is likely to widen. Some of the companies featured include: Anchor Trust, Associated Care Facilities (ACF), Building Construction Partnership (BCP), Castleoak, Cornerstone, Galliford Try, GB Building Solutions, Gloucestershire Care Partnership, ISG, Leadbitter, Leonard Cheshire Disability, LNT Construction, Mansell, Methodist Homes (MHA), Morgan Sindall, The Abbeyfield Society, The Orders of St John Care Trust, Wates, Willmott Dixon. Key areas covered in the report include: THE LONG-TERM CARE SECTOR IN THE UK Sector value and market overview - sector size and structure. Implications of the Health & Social Care Bill. Funding for the long-term care sector – social. care spending and implications of the Dilnot report. Supply and demand in the care sector – regional provision of care homes, future drivers of demand, future demand for care home places. The ‘extra-care’ housing sector. Independent long-term care sector – sector size & value, leading independent care providers. Review of transfer of the Southern Cross portfolio to around 30 operators - considerable reshaping of the UK's long term care independent market with a number of providers significantly increasing their portfolios and market share. Local Authority/Voluntary care sector – sector size & value, leading voluntary care providers. CONSTRUCTION MARKET OVERVIEW Value of output – construction new work - construction output in 2012 and beyond. Construction output in the healthcare sector and forecasts for output. RMI in the healthcare & care homes sector. BUILDING PROGRAMMES & INVESTMENT IN THE CARE HOMES SECTOR Private healthcare investment – principal private care home funds – key operations, fund values etc. Funding & ownership models in the care homes sector. Mergers & acquisitions in the private long-term care sector – key recent changes. Care home development pipeline – care home size and facilities. Building Programmes & expansion plans of leading care providers – key players in sector, key factors driving development programmes (land availability, demand, design standards etc). CONSTRUCTION SUPPLY IN THE CARE HOMES SECTOR Key Construction Companies and Developers in the long-term care sector. Contractor/Developer Profiles – Associated Care Facilities; Building Construction Partnership; Castleoak; Cornerstone; Galliford Try; GB Building Solutions; ISG; Leadbitter; LNT Construction; Mansell; Morgan Sindall; Wates; Willmott Dixon etc.

Additional Information

The care home market and, in particular, the independent sector, is still relatively strong when compared to other sectors of the UK economy. There are approximately 21,000 care homes, nursing homes and residential homes providing adult and elderly care throughout the UK, of which the majority are operated by the independent sector (private for profit) or voluntary (not for profit) organisations.

The UK care home market is currently worth around £14bn, of which the private sector accounts for around £10bn and the public sector almost £4bn. It is estimated that the private long-term care sector will continue to experience steady growth over the next 5 years, increasing on average by around 5% per annum to reach a value of around £12.7bn by 2015.

The most significant change in the provision of residential care in the last 25 years or so has been the much greater involvement of the private sector, with a substantial growth in the number of mainly privately provided nursing home places replacing large numbers of NHS hospital beds for both geriatric and mental illness care.

The residential care sector has also experienced significant change as new types of care provision develop to enable more people to live at home for longer. This trend has increased in recent years as many councils raise admission criteria to local authority homes due to budget cuts and the coalition government continues its commitment to shifting care into the home.

Another major change in the care homes market in recent years has been the rise in the number of self-funded care homes residents compared to local authority-funded residents, which stands at around 43% in 2010-11.

In response to the care funding crisis, the Government commissioned Andrew Dilnot to conduct a wide-ranging inquiry into the funding of care and support for elderly and disabled adults. The final report proposes raising the means-test threshold for savings below which people become eligible for state-funded residential care from £23,250 to £100,000.

The collapse of Southern Cross may be repeated by other care home operators as local authorities continue to freeze the rates they will pay for their funded care home residents. This action by councils could see more operators of residential care homes for the elderly forced into administration as a result of ever-tightening margins.

 The private care home market in the UK is very fragmented with several key players, but a large number of small providers. There are currently around 9,300 providers of care homes in the UK, of which around 78% own just one home.

Although 2011 has been a challenging year for the sector, demand for residential care still far outweighs supply and represents a significant opportunity for care home operators and constructors.  Studies show that the care home market is booming, with an estimated 75% of people likely to need some form of social care during retirement and predictions are that extra 50,000 places will be needed in the next decade to satisfy demand in both the public and private care home sectors. Overall demand is forecast to reach around 438,000 by 2020, with future growth sectors in nursing and dementia care homes.

More United Kingdom General Facilities Reports

Healthcare Providers in the United Kingdom by MarketLine
Introduction Healthcare Providers in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The ...

Residential Nursing Care in the UK - Industry Market Research Report by IBISWorld
Residential Nursing Care in the UK Operators in this industry provide residential care combined with nursing care as required by the residents. This report covers the ...

A Comprehensive Study Of The UK Disability Care Services Market In 2010, Rating & Valuing Each Of The 496 Companies That Operate In Today's Market by Plimsoll Publishing Ltd.
The Plimsoll Analysis provides you with the most up to date and comprehensive analysis of the top 9 companies operating the market. It is ...

Social Services for the Elderly & People with Disabilities in the UK - Industry Market Research Report by IBISWorld
Social Services for the Elderly & People with Disabilities in the UK Operators in this industry provide social, counselling, welfare, referral and similar services aimed at ...

UK Residential Care for the Elderly by Market and Business Development
This MBD publication refers to dual registered, local authority residential, nursing homes, private residential, sheltered and voluntary residential homes. Issues raised include market size and ...

See all reports like this >>

More United Kingdom Reports

A Comprehensive Study Of The UK Video Conferencing Equipment Market In 2010, Rating & Valuing Each Of The 30 Companies That Operate In Today's Market by Plimsoll Publishing Ltd.
The Plimsoll Analysis provides you with the most up to date and comprehensive analysis of the top 9 companies operating the market. It is ...

A Comprehensive Study Of The UK Tableware Market In 2010, Rating & Valuing Each Of The 166 Companies That Operate In Today's Market by Plimsoll Publishing Ltd.
The Plimsoll Analysis provides you with the most up to date and comprehensive analysis of the top 9 companies operating the market. It is ...

A Comprehensive Study Of The UK Surveyors & Valuers Market In 2010, Rating & Valuing Each Of The 943 Companies That Operate In Today's Market by Plimsoll Publishing Ltd.
The Plimsoll Analysis provides you with the most up to date and comprehensive analysis of the top 9 companies operating the market. It is ...

A Comprehensive Study Of The UK Subsea Engineering Market In 2010, Rating & Valuing Each Of The 142 Companies That Operate In Today's Market by Plimsoll Publishing Ltd.
The Plimsoll Analysis provides you with the most up to date and comprehensive analysis of the top 9 companies operating the market. It is ...

A Comprehensive Study Of The UK Structural Engineering Consultancy Market In 2010, Rating & Valuing Each Of The 300 Companies That Operate In Today's Market by Plimsoll Publishing Ltd.
The Plimsoll Analysis provides you with the most up to date and comprehensive analysis of the top 9 companies operating the market. It is ...

See all reports like this >>