Retirement Communities in Ohio - Industry Market Research Report

  • ID: 4578589
  • Report
  • Region: Ohio
  • 22 pages
  • IBISWorld
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Aging gracefully: Despite growing demand for industry services, profit margins have declined

Retirement Communities in Ohio

Over the past five years the Retirement Communities industry in Ohio has experienced mainly steady growth. Unlike nursing homes, retirement communities do not offer healthcare services and focus on independent living. Demand for retirement communities is mainly based on people's ability to pay for residence fees. Over the past five years, per capita disposable income in Ohio has increased. As a result, more people have been able to afford to move to high-end retirement communities. Additionally, demand for retirement communities has grown as Ohio's population has aged because retirement communities are only available for individuals over a certain age. However, despite growing demand for industry services, the industry has grown minimally over the past five years. Profit margins have declined over the past five years as Medicare has expanded and more residents have been able to pay for their fees using government insurance, which carries low reimbursement rates and yields low profit for retirement communities. Moving forward, the trends that have supported industry growth in Ohio are expected to continue.

This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled-nursing or rehabilitative services.

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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  • Otterbein Senior Lifestyle Choices
  • Bluebird Retirement Community
  • Laurel Lake Retirement Community
  • Ohio Living
  • Primrose Retirement Communities
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