The nursing home market - Spain

The Spanish nursing home market has seen considerable growth and activity since 2020, driven by the aging population. In 2020, the sector attracted €280 million of the €417 million invested in healthcare, with over 5,100 establishments. Despite a slight fall in sales to €4.55 billion in 2020 from €4.65 billion in 2019, the market rebounded to €4.90 billion in sales in 2022. The market is heavily privatized, with private nursing homes making up 75% of the market in 2023. Demand continues to outstrip supply, with a reported shortage of 76,350 places to reach the recommended WHO rate. Luxury nursing homes are a significant trend, offering an array of high-end services. Quavitae Servicios Asistenciales Sau leads the market with €226.794 million in sales in 2021, among other major players such as INTERCENTROS BALLESOL SA and SAR RESIDENCIAL Y ASISTENCIAL SAU. Regulations are guided by the Dependency Act, which outlines the aid available to elderly people based on their level of dependency..In Spain, an in-depth analysis of the nursing home market reveals significant trends that are shaping the demand within this sector. The rising aging population, coupled with increasing life expectancy, is driving a growing need for nursing home facilities. Between 2011 and 2022, the elderly population, those aged over 65, swelled by nearly 20%, highlighting the speed at which the demographic landscape is changing. By 2022, the population aged above 65 reached between 9 and 10 million, with projections indicating a steep rise to over 20% of the overall population by 2025. This number is expected to climb to almost 30% by 2050. The typical resident profile in nursing homes is influenced by factors such as living alone and dependency. A significant proportion of the elderly population, especially women aged 85 and over, live alone, with percentages ranging from the lower twenties to the mid-forties. Along with loneliness, the rate of dependency among individuals over 65 stands at nearly 31%, which further impacts the demand for nursing home care. Despite the increasing need, Spanish society's perception of nursing homes remains slightly conservative. A minuscule percentage, around 5%, of the population express a desire to live in retirement homes. Instead, many show a preference for aging at home, with or without medical assistance, or opting for day care in nursing homes. The market structure of nursing homes in Spain leans heavily towards private ownership, comprising approximately 75% of the market, with public establishments making up the remainder. This divide is evident in service offerings, with private nursing homes often offering more extensive and immediate services at a higher price. The average cost for a place in a public nursing home is pegged at a significant portion of the resident's annual income, between 65% and 85%. The key players in the Spanish market have also been identified, with leading companies like Quavitae Servicios Asistenciales and INTERCENTROS BALLESOL recording sales in the hundreds of millions. The combined sales of the top ten market players contribute significantly to the sector's overall performance. Collectively, these facets—demographics, resident profiles, societal perceptions, market structure, and key players—paint a comprehensive picture of the current demand in Spain's nursing home market. The demographic trends alone signal that the sector will likely see continued growth, with a high potential for the expansion of both services and facilities to meet the evolving needs of an aging population..### Key Players Shaping Spain's Nursing Home Landscape Spain's nursing home industry is driven by several prominent entities that have taken the lead in providing elderly care services across the country. While each company brings its own distinctive approach to the table, their common goal remains the provision of quality care and support to Spain's aging population. Below we explore some of the pivotal organizations contributing to this vital sector. **Quavitae Servicios Asistenciales Sau** stands out in the Spanish market, with a robust presence across the nation. Their commitment to personalized assistance caters to a variety of senior needs, ensuring that each resident receives optimal care tailored to their individual circumstances. Next, we have **INTERCENTROS BALLESOL SA**, a renowned name known for its dedication to creating a nurturing environment where seniors can receive both medical attention and opportunities for social engagement, facilitating a well-rounded living experience for its residents. **SAR RESIDENCIAL Y ASISTENCIAL SAU** is another significant contributor to Spain's nursing home services. They prioritize a harmonious blend of living comforts and medical expertise, ensuring that their residents are not only taken care of medically but also enjoy a rich quality of life. **SANITAS MAYORES SL.**, a part of the larger, well-respected Sanitas group, brings its expertise to senior care. They operate with a philosophy oriented towards respect and dignity for the elderly, helping them to maintain an active and fulfilling lifestyle. **LA SALETA CARE SLU** has carved a niche for itself with its attention to community-focused care. They promote an approach that is deeply rooted in the social aspect of elderly care, encouraging interaction amongst residents and participation in various group activities. **GERIATROS SA** adds to Spain's elderly care market with a blend of traditional values and innovative care models, offering senior citizens a safe haven that feels both modern and reassuringly familiar. **Aralia Servicios Sociosanitarios Sa** distinguishes itself with its portfolio of services that not only address health needs but also encompass the psychological and emotional well-being of its senior clients. Stepping into the realm of specialized care, **CASER RESIDENCIAL SAU** has established itself as a reliable provider for seniors with specific health-related needs, assuring families of a competent and considerate caregiving environment. With **SENIOR SERVICIOS INTEGRALES SA.**, community integration plays a central role, where the goal is not just to offer health services but to enrich the lives of residents through a variety

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 17/07/2023

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Summary and extracts

List of charts

• Change in the population over 65
• Projected population aged 65 and over
• Life expectancy over 65
• Projection of over-65s in Spain
• Dependency ratio of people aged 64 and over in Spain
• Percentage of Spaniards living alone by age and gender
• Spaniards and nursing homes
• Company and old age
• The ten countries with the highest proportion of senior citizens
• Investment volume in retirement homes
• Proportion of people aged 65 and over
• Prices for a public nursing home in Spain
• Breakdown of Spanish public nursing homes by size.
• Breakdown of Spanish private nursing homes by size.
• Distribution of places in Spanish public nursing homes, according to size.
• Breakdown of private nursing home places in Spain, by size.
• Breakdown of Spanish retirement homes by private or public type
• Magnitudes of the nursing home sector
• The arrival of new seniors on the market
• Segmentation of sector sales in 2022
• Sales trends in the Spanish nursing home sector

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