Orphanages & Group Homes in the US - Industry Market Research Report
Description
Orphanages & Group Homes in the US
Group homes provide residential and other services to individuals of differing ages and needs. Counseling services in boot camps for delinquent youths will differ from services for group homes for disabled adults or services for children in group foster care. The industry-wide need for services is related to the overall economy's health, with unemployment, drug use and societal stressors playing a significant role. Revenue is countercyclical, accelerating in troubling and trying times. In the grips of the COVID-19 pandemic, group home establishments' revenue grew, aided in no small part by the majority of establishments' nonprofit structure. With generous government assistance, industry revenue has been growing at a CAGR of 0.6% over the past five years, including a drop of 1.6% in the current year, and is expected to reach $9.9 billion in 2023, with profit hitting a new 5.5% low.
This industry includes group foster homes, group homes, halfway homes, orphanages and boot camps. The industry does not include substance abuse facilities, retirement homes, correctional institutions or temporary shelters. While the industry provides some services to adults, these facilities are primarily for children and youth.
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.
Group homes provide residential and other services to individuals of differing ages and needs. Counseling services in boot camps for delinquent youths will differ from services for group homes for disabled adults or services for children in group foster care. The industry-wide need for services is related to the overall economy's health, with unemployment, drug use and societal stressors playing a significant role. Revenue is countercyclical, accelerating in troubling and trying times. In the grips of the COVID-19 pandemic, group home establishments' revenue grew, aided in no small part by the majority of establishments' nonprofit structure. With generous government assistance, industry revenue has been growing at a CAGR of 0.6% over the past five years, including a drop of 1.6% in the current year, and is expected to reach $9.9 billion in 2023, with profit hitting a new 5.5% low.
This industry includes group foster homes, group homes, halfway homes, orphanages and boot camps. The industry does not include substance abuse facilities, retirement homes, correctional institutions or temporary shelters. While the industry provides some services to adults, these facilities are primarily for children and youth.
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.
Table of Contents
41 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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