The demand for senior and home healthcare franchises is expected to keep increasing, making this a very attractive business option for the right entrepreneur. This franchise opportunity offers not only growing demand, but also offers a high rate of return on revenue. A home healthcare or senior healthcare franchise is also appealing to a business person who wants a career which focuses on helping others. Finally, opting for a franchise in this category can help a franchisee navigate the paperwork and regulations that accompany this industry.
View Home Healthcare FranchisesHome healthcare providers are a $93 billion industry in the U.S.
SOURCE: IBISWorld
Home healthcare experienced 4% growth between 2012-2017.
SOURCE: IBISWorld
There's a projected job growth of 70% by 2020 for home health and personal care aides.
SOURCE: U.S. Bureau of Labor Statistics
About 1.3 million additional jobs within the homecare field will be added through 2020.
SOURCE: U.S. Bureau of Labor Statistics
SOURCE:
IBISWorld
SOURCE:
IBISWorld
SOURCE:
U.S. Bureau of Labor Statistics
SOURCE:
U.S. Bureau of Labor Statistics
Within the category of senior / home healthcare franchises there are several options to consider. One is in-home non-medical care, providing services like meal preparation, grooming, bathing, transportation or companionship to seniors. Another type would be assistance to non-seniors after surgery or childbirth, as well as helping those with special needs. Finally, there's in-home medical assistance from accredited nurses or home health aides to help with catheter care, injections, IV infusions, tracheotomy or ventilator care and other issues.
The senior care and home healthcare market has grown and is expected to keep growing as more Americans reach 65 in the coming years. This makes this franchise opportunity a lucrative possibility, as well as one that allows an entrepreneur to know that he is helping others in his community. AARP found that 86% of those 50 and over in the U.S. prefer to stay in their homes as they get older. This fact will continue to increase consumer interest in assistance, medical and non-medical, to aid older Americans in their homes.
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