Home Care Industry Statistics
- More people are choosing to remain in their homes as they age;
a 2009 AARP study found that 89% of seniors want to age in their
own homes as long as possible. The senior population has become
the fastest growing segment in the United States; thus, the need
for home care businesses will continue to increase. The U.S.
Census Bureau predicts that people over the age of 65 will comprise
about 20% of the U.S. population by 2030.
- As people live longer, there is also an increasing need for
dementia and Alzheimer’s care. $1.1 trillion dollars is
projected to be spent on Alzheimer’s care by 2050.
- The need for in home care is not exclusive to seniors. Home
care providers often care for all ages, including
backup child care, after surgery
care, and care for those living with
chronic conditions. With a broad spectrum of consumers in need
of home-based care, the U.S. Bureau of Labor and Statistics has
projected the home care industry to reach $94.4 billion by 2015,
creating significant growth opportunities for Franchisees entering
the sector for decades to come.
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