The 5th edition of the Care Homes Construction Market Report – UK 2019-2023 will 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.
AMA Research has published the 5th edition of the ‘Care Homes Construction Market Report UK 2019-2023’.
This report should be of particular interest to care providers in the private and local authority sectors. Including construction/service companies involved in the long-term care sector.
£995.00
The 5th edition of the ‘Care Homes Construction Market Report – UK 2019-2023’ will 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.
Four Seasons Health Care, BUPA Care Homes (CFG), Barchester Healthcare, HC-One, Anchor Trust, Sanctuary Care, Methodist Homes (MHA), Leonard Cheshire Disability, Community Integrated Care and Orders of St John Care Trust, NHS, CLC, Kier, Vinci, Seddon, Simons, Esh Build, Bowmer & Kirkland, Henry Construction Projects, Audley Group, Belong, Pozzoni Design Group, with Castleoak Care Developments, Cygnet Care, Malhotra Group, A2M Developments, Supreme Healthcare Ltd, Care UK, Audley Care, Pivotal Homes Group, Restful Homes Ltd, NPower, Vida Healthcare, Knight Frank, Care Quality Commission, Housing & Care 21, YourLife (McCarthy & Stone/Somerset Care), Your Housing Group, ExtraCare Charitable Trust, MHA, Sanctuary Extra Care, AnchorHanove, Morgan Ashley, Round Hill Capital, Ventas, Welltower Inc, Revera, HCP, – Anchor Trust, Sanctuary Care, Methodist Homes (MHA), Leonard Cheshire Disability, Community Integrated Care, Orders of St John Care Trust, Barchester, Oakdale Care, Community Integrated Care, Anchor, Avery Healthcare, Sanctuary Care, MHA, Orchard Care Homes, Priory Group, Ideal Care Homes (Sister Company), Nugent Care, Highpoint Care,
The most significant change in the provision of residential care in the last 25 years has been the much greater involvement of the private sector, with substantial growth in the number of private nursing home places replacing large numbers of NHS hospital beds for both geriatric and mental illness care.
In the longer term, the care homes sector is expected to outperform the wider healthcare market due to an acute undersupply of appropriate accommodation together with increasing demand from an ageing population.
Over the next 5 years, demand for care homes places is expected to far exceed the number of bed space additions provided. This is in part due to the decline in bed spaces provided by the public sector and private sector building not meeting the new demand. Care home development continues to focus on locations which are characterised by a strong self-pay market where higher fees provide investors with a stronger return on capital. However, finding appropriate development sites in these areas remains constrained by land prices and competition from house-builders, leading to a shortage of affordable sites.
Despite the challenges currently facing the sector, the private care homes sector continues to perform and attract new investment. The reduction in value of the sterling has made the UK market more attractive to overseas investors, particularly those from China and Malaysia. New investment is also driven by the growing number of older homes no longer fit for purpose and the increasing demand as the population ages. Additionally, the proportion of people entering care with specialist needs is increasing and is likely to remain a priority for operators, with a rise in the incidence of obesity, diabetes, dementia and other neurological disorders. In a time of constrained public-sector finances, the private sector will play an important role in updating existing and delivering new care homes. Because of these factors, the care homes sector is set to outperform the wider healthcare market in the long term.
Contents Listing
1.1. INTRODUCTION 8
1.1 BACKGROUND 8
1.2 SOURCES OF INFORMATION 8
2. SUMMARY AND MARKET PROSPECTS 10
2.1 SUMMARY 10
2.2 MARKET PROSPECTS 12
3. ECONOMIC ENVIRONMENT 14
3.1 OVERVIEW AND OUTLOOK 14
3.2 KEY DATA 15
3.2.1 GDP 15
3.2.2 Inflation & Interest Rates 15
3.2.3 Employment & Wages 16
3.2.4 Household Consumption 17
3.2.5 Sterling 18
4. CARE HOME & HEALTHCARE CONSTRUCTION MARKET 20
4.1 OVERALL CONSTRUCTION OUTPUT 20
4.1.1 Total Construction Output to 2023 20
4.2 CONSTRUCTION OUTPUT IN THE HEALTHCARE SECTOR 22
4.2.1 Outlook for Healthcare Construction Work to 2023 22
4.2.2 RMI in the Healthcare Sector 24
4.4 BUILDING PROGRAMMES AND INVESTMENT IN THE CARE HOMES SECTOR 25
4.5 CARE HOME DEVELOPMENT PIPELINE 27
4.5.1 Planning Applications 27
4.5.2 Care Home Construction Contracts 29
4.5.3 Care Home Planning Pipeline 30
4.6 REGIONAL CARE HOME DEVELOPMENT PIPELINE ANALYSIS 31
4.6.1 Development Hotspots 32
4.6.2 East Midlands 33
4.6.3 East England 33
4.6.4 North East 34
4.6.5 North West 35
4.6.6 South East 36
4.6.7 South West 37
4.6.8 West Midlands 38
4.6.9 Yorkshire & Humber 39
4.6.10 Scotland 39
4.6.11 Wales 40
4.7 BUILDING PROGRAMMES OF LEADING CARE PROVIDERS 41
4.7.1 Market Activity 41
5. THE LONG-TERM CARE SECTOR IN THE UK 43
5.1 SECTOR DEFINITION 43
5.2 SECTOR OVERVIEW AND VALUE 43
5.2.1 Outlook for the Sector 44
5.3 SECTOR SIZE AND STRUCTURE 45
5.3.1 Long-term Care for the Elderly 46
5.4 SUPPLY AND DEMAND IN THE CARE SECTOR 47
5.4.1 UK Provision 47
5.4.2 Regional Provision of Care Homes 48
5.4.3 Future Drivers of Demand 50
5.4.4 Influences and Drivers of Demand 51
5.4.5 Care Costs 51
5.5 THE ‘EXTRA CARE’ HOUSING SECTOR 52
5.5.1 Overview 52
5.5.2 Funding and Design for Extra Care Housing 54
5.6 THE INDEPENDENT LONG-TERM CARE SECTOR 55
5.6.1 Sector Value and Size 55
5.6.2 Leading Independent Care Providers 56
5.6.3 Private Care Home Financing and Investment Funds 61
5.7 THE LOCAL AUTHORITY/VOLUNTARY CARE SECTOR 63
5.7.1 Structure and Size 63
5.7.2 Leading Voluntary Care Providers 63
5.8 FUNDING FOR THE LONG-TERM CARE SECTOR 66
5.8.1 Social Care Spending 66
6. CARE HOME STOCK AND CONSTRUCTION ISSUES IN THE LONG-TERM CARE SECTOR 68
6.1.1 Age & Condition of Care Home Stock in the UK 68
6.1.2 Care Home Costs 68
6.1.3 Care Home Size and Categories 69
6.1.4 Care Home Design Considerations 71
7. CONSTRUCTION MARKET SUPPLY LONG-TERM CARE SECTOR 73
7.1 LEADING CONTRACTORS & DEVELOPERS IN THE CARE HOMES SECTOR 73
7.1.1 Top Contractors by Care Home Awards 73
7.1.2 Leading Contractor Profiles 75
7.1.3 Other Company Profiles 80
Tables & Charts
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