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In-Home Senior Care Franchises in the US - Industry Market Research Report

In-Home Senior Care Franchises in the US - Industry Market Research Report

  • December 2019
  • 40 pages
  • ID: 5103515
  • Format: PDF
  • By Ibisworld

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Home sweet home: A growing number of aging baby boomers is expected to boost industry demand

Abstract

In-Home Senior Care Franchises
The In-Home Senior Care Franchises industry is benefiting from a growing number of aging baby boomers. Over the five years to 2018, the number of adults older than 65 is expected to grow. As people live longer due to advancements in medicine and technology, a growing number of seniors are looking to stay in their own homes and maintain independence for as long as possible. The high cost of nursing homes and assisted living accommodations, coupled with the escalating healthcare costs associated with hospital stays, has also continued to drive growth in demand for industry services. As a result, industry revenue is expected to grow over the five years to 2018. This growth is expected to accelerate over the next five years, with demographic changes expected to continue unabated. Additionally, solidification of changes implemented under the PPACA will shift demand toward at-home care, and an improving economy will better enable seniors to pay for nonmedical services.

This industry provides in-home healthcare services through franchised establishments. Services may include skilled nursing care, homemaker and companion services, physical therapy and medical social services. While the vast majority of in-home healthcare is provided to people aged 65 and older, the industry also includes in-home healthcare services delivered to individuals of all ages.

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.

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