Residential Intellectual Disability Facilities in the US - Industry Market Research Report

Residential Intellectual Disability Facilities in the US - Industry Market Research Report

Residential Intellectual Disability Facilities in the US

The industry houses and tends to the daily needs of individuals diagnosed with intellectual and developmental disabilities. Federal funding for Medicare and Medicaid services and access to private healthcare largely determine the number of those seeking assistance and industry growth. As the population ages, so will the number of adults unable to care for those with IDD, prompting the need for residential services. Through 2023, both funding for Medicare and Medicaid services, the number of adults over the age of 65 and per capita disposable income have steadily increased, boosting industry growth, and mitigating COVID-19's negative impact on costs and utilization. Despite the setbacks in 2021, revenue grew at a CAGR of 1.0% to $37.2 billion over the five years to 2023, including a robust growth of 1.9% in 2023 alone.

This industry primarily houses and tends to the daily needs of individuals diagnosed with intellectual and developmental disabilities. Industry operators focus on providing room, board, protective supervision and counseling. Additionally, some form of healthcare may be provided at industry facilities.

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.