The long-term care market
The Italian market is currently very fragmented: the public sector accounts for 45% of all facilities, the non-profit sector for 35%, and the private sector only for 20%, of which just a few are part of structured groups. This situation generates relevant consolidation and growth prospects, also due to cuts in public spending. Furthermore, both the public and private sector are facing operational, economic, and financial difficulties to make the necessary investments to create new beds, and this leads to fundamental difficulties in the construction and establishment of RHCFs or clinics.
Looking at the distribution of beds (B) per region for every 1,000 inhabitants, we notice an important imbalance between the North and the South of Italy. On average, there are 4 beds for every 1,000 inhabitants, as can be seen from the graph.
Due to demographic development trends, the aging of the population and changes in social and family models, some recent studies and analyses forecast a need for an additional 60,000/80,000 beds in RHCFs in Italy over the next few years.