Senior Health Care Industry - Trends, Fastest-Growing, and Franchising
The senior healthcare industry is seeing unprecedented growth as the Baby Boomer generation ages and the demand for quality care soars. “We’re in an unprecedented time for senior care and the demand for services is only going to increase”, says Dr. Sarah Smith, an industry expert. In the US, the population of seniors aged 65 and older increased by 8.6% between 2013 and 2018 and is projected to increase by 44% over the next 20 years. According to a report by IBIS World, states seeing the greatest growth in the senior-health care industry are:
- California
- Texas
- Florida
- New York
- Pennsylvania
In addition to the growing demand, legislation such as the H.R.3107 - Improving Seniors’ Timely Access to Care Act of 2019 is aimed at expanding access to quality senior care services and encouraging the development of more senior care businesses. This makes the senior healthcare industry an ideal industry for franchising, as franchisees can leverage existing brand recognition to gain a competitive edge and build a successful business in a growing market.
CarePatrol Senior Placement
CarePatrol is one of the most affordable franchise opportunities on the market with tremendous earning potential. This home-based business model substantially lessens the financial barriers to franchise ownership. A proven route for entrepreneurs to take…
Cash Required: $50,000
ComForCare Home Care
ComForCare’s reputation for home care is 100% best in class, according to ongoing ratings from clients, families and caregivers. ComForCare has developed unique, proactive and engaging programs, and has aligned ourselves with experts from the Alzheimer’s…
Cash Required: $50,000
Caring Transitions
Caring Transitions is a low-cost, home-based franchise that allows you to help older adults and their families with major transitions. Rather than concentrate on one service, we focus on the full needs of our clients in this time of transition. By meeting all…
Cash Required: $50,000
FranServe - Need Help Finding a Franchise
If you are looking to own a business and have a minimum of $30,000 in liquid available cash, let us help you in deciding which business offers more reliability & profit than another. We are the bridge that will connect you to the right franchises
Cash Required: $30,000
The Franchise Explorer
I offer a FREE assessment that tells you what type of franchise will suit you best. My clients need to be prepared to invest a minimum of $60,000 in a franchise.