Care Homes for Older People UK Market Report
Description
The thirty-fifth edition of LaingBuisson’s Care Homes for Older People UK Market Report is indispensable reading for advisors, operators, investors, commissioners, and policymakers involved in nursing and residential care home services across the UK for people aged 65-years-old and over. The report provides a robust credibility check on key questions for those operating in the sector, interested in investing in the sector or who are looking to understand the impact of change at both a national and local level.
This year’s edition explores the impact of rising care costs, National Living Wage uplifts, and the shift towards premium pricing, as well as the growing dominance of larger providers. LaingBuisson has found that the annualised value of care in residential settings across the UK is estimated at £26.2 billion at December 2024, having dipped to an annualised £17.4 billion in March 2021. The substantial recent growth in market size (40% in a period of four years and nine months) is very largely due to fee inflation, which has in turn been driven by cost inflation from National Living Wage uplifts.
This report goes beyond surface-level analysis, offering comprehensive data and visualisations on market concentration, pricing structures, capacity trends, and regional variations. With expert commentary and in-depth operational insights, it serves as a vital benchmarking tool for strategic decision-making and future planning.
For those interested in the wider social care sector, read together with LaingBuisson’s Homecare and Supported Living, Adult Specialist Care, and, Children’s Services to gain a comprehensive understanding of the social care market in the UK that cannot be found anywhere else.
This year’s edition explores the impact of rising care costs, National Living Wage uplifts, and the shift towards premium pricing, as well as the growing dominance of larger providers. LaingBuisson has found that the annualised value of care in residential settings across the UK is estimated at £26.2 billion at December 2024, having dipped to an annualised £17.4 billion in March 2021. The substantial recent growth in market size (40% in a period of four years and nine months) is very largely due to fee inflation, which has in turn been driven by cost inflation from National Living Wage uplifts.
This report goes beyond surface-level analysis, offering comprehensive data and visualisations on market concentration, pricing structures, capacity trends, and regional variations. With expert commentary and in-depth operational insights, it serves as a vital benchmarking tool for strategic decision-making and future planning.
For those interested in the wider social care sector, read together with LaingBuisson’s Homecare and Supported Living, Adult Specialist Care, and, Children’s Services to gain a comprehensive understanding of the social care market in the UK that cannot be found anywhere else.
Table of Contents
645 Pages
- EXECUTIVE SUMMARY AND HIGHLIGHTS
- 1. MARKET
- 1.1 Definition and scope
- 1.2 Market size
- 1.3 Segmentation
- 1.4 Funding by payor type
- 1.5 Market growth
- 1.6 Demand drivers
- 1.7 Demand and supply
- 1.8 Staffing
- 1.9 Key operational metrics
- 1.10 Operating and investment models
- 1.11 Performance measures
- 2. POLITICS AND REGULATION
- 2.1 Historical background: privatisation of social care services from the late-1970s
- 2.2 The English social care funding reforms 2021–
- 2.3 Political consensus on social care – other than funding issues
- 2.4 Other legislation and policies
- 2.5 Regulation of social services
- 2.6 Profile of regulators
- 3. CUSTOMER PROFILES AND PAYMENT SOURCES
- 3.1 Customer profiles
- 3.2 Private pay
- 3.3 Public pay – local authorities
- 3.4 Public sources of finance – the NHS
- 3.5 Long-term care insurance and other LTC financial products
- 4. MARKET STRUCTURE
- 4.1 Market concentration
- 4.2 Group penetration
- 4.3 Consolidation and deconsolidation
- 4.4 Segmentation by provider sector, registration type and size of home
- 4.5 Exits and entries
- 4.6 Barriers to entry
- 4.7 Economies of scale and scope
- 4.8 Brand value
- 4.9 Sources of capital
- 4.10 Scale, age and quality of stock
- 5. INVESTORS
- 5.1 End of the low interest era
- 5.2 Sources of capital for investment
- 5.3 Transactions and exit multiples
- 6. MARKET POTENTIAL
- 6.1 Alternative care home models
- 6.2 Digital technologies
- APPENDICES
- Appendix 1. Glossary
- Appendix 2. Regulators
- Appendix 3. Trade Bodies and Associations
- Appendix 4. Major Providers of Care Homes for Older People
- Appendix 5. Financial Appendix
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