$36.4bn
$XXX.Xm
335k
1,799
$XX.Xbn
Australia’s ageing population increases the need for age-appropriate housing. Older individuals are more susceptible to a range of age-related ailments and need more assistance with everyday activities and personal care. The Aged Care Residential Services industry is expanding as aged care requirements are changing and operators are offering different lifestyle accommodation options.
Industry revenue has grown at a CAGR of 4.1 % over the past five years, to reach an estimated $36.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
Opal Aged Care | 1,680.0 | |
Regis Healthcare | 1,005.0 | |
Estia Health | 870.0 |
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Industry revenue is measured across several distinct product and services lines, including Care services, Hotel and lifestyle services and Accommodation services. Care services is the largest segment of the Aged Care Residential Services in Australia.
Government funding is the major source of care services' revenue
Industry establishments operate long-term aged care accommodation facilities, including government-approved residential aged care centres and retirement villages. Many industry establishments provide residential aged care facilities that service the entire spectrum of dependency, from independent living units and low-care options through to high-care and specialist care options like dementia care, in line with ageing in place principles.
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ANZSIC 8601 - Aged Care Residential Services in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Aged care residential services operators have been hampered by various challenges. A Royal Commission review into the sector found systemic failures and called for a fundamen...
Learn about an industry's products and services, markets and trends in international trade.
Operators provide accommodation and care for the elderly through residential aged care facilities or retirement villages. The distinction between these accommodation options ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The government plays a dominant role in operators’ geographic profile through a needs-based planning framework. The government has historically relied on an allocation approv...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Internal competition for aged care residential operators is high and growing. Moves by the Australian Government to improve transparency in the aged care sector – including a...
Learn about the performance of the top companies in the industry.
Aged care residential services are highly fragmented, reflecting the large number of small enterprises in the industry, including local and regional charitable, religious and ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
One of aged care residential services’ defining features is the assistance provided by the Federal Government as part of its aged care framework. The Federal Government provi...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Aged care residential providers’ cost structure varies depending on whether they operate residential aged care facilities or retirement villages. Other factors include the ty...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Aged Care Residential Services industry in Australia is $36.4bn in 2024.
There are 1,799 businesses in the Aged Care Residential Services industry in Australia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Aged Care Residential Services industry in Australia has been growing at a CAGR of 4.1 % between 2019 and 2024.
Over the next five years, the Aged Care Residential Services industry in Australia is expected to grow.
The biggest companies operating in the Aged Care Residential Services market in Australia are Opal Aged Care, Regis Healthcare and Estia Health
Care services and Hotel and lifestyle services are part of the Aged Care Residential Services industry.
The company holding the most market share in Australia is Opal Aged Care.
The level of competition is low and increasing in the Aged Care Residential Services industry in Australia.