Adoption & Child Welfare Services in the US
The Adoption & Child Welfare Services industry is anticipated to benefit from rising corporate and other private donations, while cuts in federal spending may scale back some operations. Over the five years to 2018, industry revenue is expected to increase as demand for industry services remains persistent. Due to cuts in the federal budget, state budgets will also decline, causing industry operators to heavily rely on private donations made by individuals, corporations and other streams of funding. Over the five years to 2023, threats to federal budget cuts will remain, while demand for industry services will continue to grow.
This industry includes nonresidential social assistance services for children and young adults. Private sector and nonprofit establishments in this industry offer services in the areas of adoption, foster care placement, drug prevention, guidance and self-help, life skills training and positive social development. This industry excludes orphanages and group homes, day care services, youth recreational sports centers, sports teams and leagues and scouting organizations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.