Industrial Market Research Reports by

MBD MARKET RESEARCH REPORTS

Press Release: UK Residential care for the Elderly Market Development Report

Released: February 2011

After researching the UK residential care for the elderly market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 2006-2010:

The value of the UK residential accommodation for the elderly market is estimated to have increased by 1% to £10.1 billion in 2010, continuing the trend for growth evident in recent years. Indeed, the market demonstrated year-on-year growth between 2006 and 2009, with annual growth rates fluctuating between 1% and 4%. Market growth has been driven by the ageing population and increased self-funded residents in the private sector, due to increasingly stringent local authority eligibility criteria as a result of changes in Government funding.

Market Forecast 2011-2015:

Between 2010 and 2015, the number of residential care home places for the elderly is anticipated to increase by a cumulative 5%, to 276 800 places in the latter year. Annual levels of growth are expected to fluctuate between 1% and 2% from 2013 onwards. Prior to this, marginal annual declines are projected during 2011 and 2012 as a reflection of the continuing economic difficulty people are facing. High levels of redundancies may mean families opt to care for elderly relatives in their own home to save money when disposable income levels are low. the forecast period. However, growth in the latter part of the forecast period is expected to be driven by the demographic trend of an ageing population and that life expectancy is rising faster than the average expectancy that someone is healthy. The lower levels of growth in this sector highlight the government’s commitment to promoting independent living.

Note to Editors:

MBD specialises in business to business market research. The range of reports and industries in which we operate in is constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

Click here for full details of the UK Residential Care for the Elderly Market Research Report

MBD Welcomes Press Enquiries:

Press releases on the latest MBD market research reports can be sent to editors and journalists involved in trade magazines. Please email your request, along with the magazine title you are writing for, to pressoffice@mbdltd.co.uk.