Franchise Industry Analysis
The Home Care Franchises industry will grow, as demand for services grows.The number of people 65 years or older in the United States is expected to increase at an annualized rate of 2.9% to 63.4 million people during the five-year period. This population demographic is the largest consumer of healthcare in the United States and will continue to demand a growing number of in-home care services as the trend toward aging in place strengthens. With the continued implementation of the Patient Protection and Affordable Care Act (PPACA), demand for industry services will accelerate as seniors and the disabled are transitioned from nursing home services to at-home managed care. Consequently, industry revenue is expected to increase at an annualized rate of 6.4% to nearly $15.0 billion.
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