An aging population that is living longer and increasingly seeking to “age in place” continues to fuel growth for the In-Home Senior Care Franchises industry. Despite the difficult economy of recent years that hampered consumer spending, industry franchises have expanded. The industry will continue to expand in the five years to 2019, as demand for services grows. As advancements in technology and medicine increase the average life expectancy, seniors are increasingly looking to maintain independence and remain at home for the longest time possible. Additionally, the recent financial crisis depleted many 401k accounts and decimated retirement plans for many seniors, who now may not be able to afford expensive assisted living communities, but still need assistance with activities of daily living. Depleted savings, along with the relatively high cost of nursing homes and hospitals, will continue to fuel a boon in the In-Home Senior Care Franchises industry.
This industry provides in-home healthcare services to people aged 65 and older. Services may include skilled nursing care, homemaker and companion services, physical therapy and medical social services.
Our Business Franchise collection focuses solely on franchised outlet operations and excludes nonfranchise data. They show the total number of franchise outlets, total revenue and the average profit margin earned. Our reports also highlight the largest franchisors by market share.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.