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Orphanages & Group Homes in the US - Industry Market Research Report

  • ID: 307572
  • Report
  • Region: United States
  • 33 pages
  • IBISWorld
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Finding family: As federal funding and private donations increase, industry revenue will rise

Orphanages & Group Homes in the US

Over the past five years to 2018, the Orphanages and Group Homes industry has risen slightly as demand for industry services increased after a long period of decline. Revenue is generated from federal government social services funding, state and local government contributions and private donations. Government spending on foster care increased to keep up with demand. Industry organizations have closed down large group homes in favor of opening more smaller facilities, enabling more individualized care for children. In turn, this has led to a decline in the number of employees because operators can achieve the same child-to-employee ratios with fewer employees. Over the five years to 2023, this industry is anticipated to decline despite increases in demand. The number of foster children has increased steadily from 2012 to 2016 and this trend is expected to continue over the five years to 2023. Federal funding for Medicaid is anticipated to increase strongly and private donations will also increase as disposable income recovers.

This industry includes 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.

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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
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