Growing Senior Care Market
The senior population, age 65+, is expected to more than double over the next 40 years.
In 2013 the market for in-home care is projected to reach approximately $22 billion*, exhibiting a decade-long average compound annual growth rate of 10%. This industry is in its infancy. In today’s business environment, how many industries can you identify that can feasibly project this growth rate? To support the growing number of new senior care franchise owners, Comfort Keepers has developed a unique financing program for single and multi-unit franchisees. Learn more here.
Population Trends & Demand Drivers
Today, there are 42.5 million adults** age 65+ in the U.S. What’s more, this population is expected to more than double to 89 million over the next 40 years. With an increasing average life expectancy for Americans reaching over 75 years of age, the need for senior care will continue to escalate. To support the growing number of new franchise owners, Comfort Keepers has developed a unique financing program for single and multi-unit franchisees. Learn more here.
*SOURCE: U.S. Census
**Numbers reflect estimates in millions.
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