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.
BrightStar Care
BrightStar Care has proven to be recession resistant by providing skilled and non-skilled in-home health care and medical staffing. Our franchisees improve the health and quality of life for their clients while easing the caregiving burden on their loved…
Cash Required: $100,000
TruBlue Home Service Ally
TruBlue is working to ease the burden of home upkeep for busy families and seniors aging-in-place through senior modifications, home maintenance, handyman services, and ongoing maintenance programs. Our franchisees have the opportunity to run a successful…