As the senior demographic in the United States continues to expand at a remarkably rapid rate, senior care and home healthcare have emerged as one of the fastest-growing sectors within the broader healthcare industry.
In response to this rapid growth, more and more savvy entrepreneurs looking for a fulfilling career that offers financial stability and independence are buying in-home care franchises for seniors.
It’s true that the senior population in the U.S. is living longer. However, many of these older adults are also coping with physical, cognitive or mental limitations that prevent them from adequately caring for themselves. And those who live far away from family and want to remain in their homes are in need of quality in-home care, a need that the home care assistance franchise continues to fill.
Identifying a common problem that results in a consumer need, and then starting a business that fulfills that need, is the hallmark of entrepreneurship.
Becoming a home care franchise owner presents a unique opportunity to buy into one of the fastest-growing niches in the healthcare industry. Top franchises have experienced excellent growth in recent years and they don’t show any signs of slowing down any time soon. In fact, 75 million Baby Boomers in the U.S. are getting ready to hit retirement age by 2030. The country looks to experience continued expansion of the senior population for decades to come. It reasons home health care demand will steadily expand with it.
Today, the in-home care segment of the healthcare industry in the U.S. is worth upwards of $70 billion; franchise companies make up $9 billion of that revenue. This model has proven so successful, almost all of the home care franchises listed above were ranked on Entrepreneur magazine’s 2019 Franchise 500 list.
The benefits of owning a home care franchise are many and include:
By 2025 there will be 70 million people who need senior care so it’s a much-needed service
Owning a home care franchise can help others, and save lives
You can be the one to help families find safe opportunities for their loved ones
By owning a home care franchise you can be your own boss
We offer a model that has proven success
Homecare franchises offer job security
Work with us! We are a helpful, hard-working group that loves to help you. We want your franchise to be successful!
More than 10,000 people turn 65 every day in North America. Estimates suggest that the number of people ages 65 and older will hit 1.6 billion people by 2050.
This rapid growth is due in large part to healthier lifestyles and improvements in health care have prolonged life at older ages, but have also resulted in a large number of older people with functional limitations or ill health who are likely to eventually need help or care in their daily life.
For example, there are currently more than five million Americans living with Alzheimer’s. By 2050, that number is expected to hit a whopping 16 million.
The home care segment of the healthcare industry will continue to grow at a rapid rate in the United States. This presents an excellent opportunity for current and prospective franchisees.
There has never been a better time to buy a home care assistance franchise. Take advantage of the opportunity for growth that these numbers promise. Get in touch with A Better Solution in Home Care today!