As our population ages, demand for senior care services is soaring. Discover how to tap into the lucrative opportunities in the multi-billion-dollar senior care industry.
Senior Care Growth
The U.S. senior care industry is valued at more than $455 billion and is expected to rise sharply over the next five years. To understand the growth of this market, check out these eye-opening statistics on our aging population:
- By 2030, all Baby Boomers will be over 65, and one in every five Americans will be a senior citizen.
- According to the World Health Organization, the number of people aged 60 and older will double by 2050, reaching 2.1 billion globally.
- And the population of adults ages 85 and over is on track to double by 2036 and triple by 2049, according to Consumer Affairs.
- The demand for elder care is projected to surge as the number of Americans living with Alzheimer’s disease could more than double by 2050.
- At least 93% of adults ages 55 and older want to age in place as long as possible.
As people live longer and the Baby Boomer generation continues to age, the need for senior care services is poised to increase. The aging population is creating a massive demand for a wide range of services, from in-home care to assisted living facilities, and more.
Here are several reasons why the senior care industry is an excellent investment:
- Growing demand: With more people reaching retirement age and life expectancy rising, the number of seniors in need of care is increasing exponentially.
- Recession-resistant: Healthcare, especially senior care, is often considered recession-resistant. Regardless of economic conditions, people will always need care as they age.
- Wide range of opportunities: The senior care industry offers a wide variety of opportunities. From personal care and nursing services to home modifications and transportation, there are many potential options.
- Personal satisfaction: Many investors are drawn to senior care for both financial benefits and the opportunity to make a positive impact on people’s lives.
Types of Senior Care Services
If you’re considering a future in senior care, understanding the different types of services available is key.
- In-home care: Assists with daily activities like bathing, dressing, meal preparation, and light housekeeping, as well as companionship, to enable seniors to remain in their homes. A Place At Home has approximately 34 locations providing in-home care services to seniors across the country.
- Assisted living: Offers housing and 24-hour assistance for seniors who need a high level of support.
- Nursing homes: Provides comprehensive medical care and assistance for seniors with serious health conditions who require round-the-clock care.
- Memory care: Specializes in services for seniors with Alzheimer’s or other forms of dementia.
- Hospice and palliative care: Focuses on providing comfort and quality of life for seniors with terminal illnesses.
Each of these services offers different levels of care and investment potential, but in-home care’s flexibility and high demand appeal to new business owners. Unlike nursing homes or assisted living facilities, in-home care businesses don’t require the significant capital investment associated with owning and maintaining a physical facility. In-home care services can also be tailored to fit the specific needs of clients, whether it’s hourly care or specialized services like Alzheimer’s or dementia care.
Become a Top Performer with A Place At Home
A Place At Home is a senior care franchise that provides non-medical in-home care to America’s aging population. We offer comprehensive, consistent, and continuous in-home care solutions with multiple revenue streams. Our franchise owners provide top-quality home care for their clients, as well as care coordination, senior living alternatives, and staffing solutions with open shift coverage for senior living communities. Our holistic approach ensures franchisees meet the varied needs of seniors and their families.
To provide top-notch care, A Place At Home relies on a caring philosophy. As part of this approach, we strive to be compassionate, accountable, respectful, and ethical. Here are some of the ways A Place At Home stands out:
Proven Business Model
You’ll benefit from an established brand with a successful track record. Childhood friends, Dustin Distefano and Jerod Evanich created A Place At Home in 2012 after failed attempts to find proper care for their loved ones. Their first location was in Omaha, Nebraska, but after experiencing rapid growth and witnessing the potential in the future of home care, they decided to expand in 2017 and begin franchising.
Comprehensive Training and Support
A Place at Home offers extensive training to help you understand the intricacies of running a senior care business, from caregiver recruitment to client management. Our caregiver training program relies on a best-in-class platform designed to increase the quality of care and improve employee retention. By partnering with Nevvon, an e-training provider for the healthcare sector, each of our locations receives a tool to provide comprehensive training, upskilling, and compliance management.
“A Place At Home Franchise has been incredibly patient and helpful with my wife and I as new owners. Training is very thorough, and the franchisor is with you every step of the way,” said Rick Perkins, a franchise owner in Omaha, Nebraska.
Protected Territory
A Place At Home offers protected territories with 40,000 qualified senior residents.
If you’re ready to join the thriving senior care market, take the next step by filling out our franchise inquiry form today.
