Report says residential care shows modest growth

Posted on July 1st, by editor in Caring Times. No Comments

A sector analysis by Market & Business Development Ltd (MBD) covering 2003 to 2007 says the value of the UK residential care market for elderly people has grown with annual levels fluctuating between 2% and 4%.

In 2007, a 4% increase took demand for residential care to an estimated £9.76 billion. Stronger growth compared with the previous year reflects a continuing ageing population and increasing numbers of self-funded residents in the private sector, reflecting changes in Government funding.

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