The COVID-19 pandemic has had a huge impact on care homes across the UK with over 40,000 deaths recorded as a result of the virus.
Among other things, this has resulted in some families being reluctant to place their loved ones in care homes due to risk of infection and restricted visiting.
Ben Hartley, director of Carterwood, forecasts that the total elderly care home bed capacity will decline until December 2024, with 37,500 existing beds lost and 19,700 beds gained from new development.
He also expects the national shortfall in supply levels of market standard beds to increase to between 57,300 and 64,300 beds by December 2024.