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

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

  • April 2021 •
  • 39 pages •
  • Report ID: 732990 •
  • Format: PDF
Welcome home: As federal funding and private donations increase, industry revenue is expected to rise

Abstract

Orphanages & Group Homes in the US
Over the five years to 2019, revenue for the Orphanages and Group Homes industry has risen slightly as demand for industry services increased after a long period of decline. According to the Children’s Bureau, the number of children in foster care has increased slightly in recent years; as a result, government spending on foster care increased to keep up with demand for the majority of the period. Over the five years to 2024, this industry is anticipated to decline despite increases in demand. Federal funding for Medicare and Medicaid is anticipated to increase strongly, and private donations will also increase as disposable income grows. However, federal funding for social services is anticipated to contract over the next five years.

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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