How Big is the US Home Care Market Size?

Key Takeaways of this article:

• Growing Demand for Senior Care: 10,000 seniors turn 65 every day, a trend continuing until 2030, creating an immense and sustained demand for home healthcare services.
• Strong Market Growth: The U.S. home healthcare market is expanding, driven by an aging population, rising chronic diseases, and shorter hospital stays requiring ongoing care.
• Aging in Place Preferences: 90% of seniors prefer to remain in their homes as they age, increasing the need for home care services.
• ComForCare's Unique Approach: The company offers personalized, compassionate care through rigorous hiring practices and comprehensive care plans tailored to individual needs.
• Dementia Care Expertise: The DementiaWise® program addresses the specialized needs of Alzheimer's and dementia patients, providing essential relief for families.
• Technological Advancements: Innovations like telehealth and remote monitoring devices enable enhanced home-based care delivery.
• Franchise Opportunity: Investing in a ComForCare franchise offers a chance to make a meaningful impact while benefiting from a rapidly growing market.

Millions of People Need In-Home Care and the Demand Will Increase Well into the Future.

Before Lou Sirignano opened his ComForCare business in Boston, Massachusetts, he had no idea how many seniors needed in-home care, and how many families were overwhelmed and uninformed about what kind of care their loved ones needed. The role of home health aides in meeting this demand is crucial, as they provide essential services that allow seniors to receive care in the comfort of their homes.

It was a ‘holy cow’ moment,” he said. “I didn’t realize how many people in my area needed my help. The demand for our services is incredible. I chose to invest in a ComForCare franchise because I saw that I could make a real difference in this business, and the level of personalized service that we deliver for our clients is sorely needed. We go above and beyond to get our clients the care that they need, and as a result, my business has grown by leaps and bounds.”

If you’re interested in living a life of purpose, owning a business that helps our aging population find the care they need at home and delivers peace of mind to their worried families is one of the best ways to do it.

As an owner of a ComForCare franchise, you will never run out of people to help. 10,000 seniors are turning 65 every day, and this will continue until 2030 – meaning that while the demand for senior care services is booming now, the real need for senior care services has yet to be felt in the market.

The market growth in the home healthcare sector is driven by factors such as the increasing elderly population and rising chronic health conditions, which are creating a higher demand for cost-effective healthcare solutions.

Our franchisees often don’t realize how large the demand is for home health aides and in-home care services until they launch their businesses in their own communities. This is exactly what happened to Ajay Sehgal, who had no experience in senior care before he opened his business four years ago in Sterling Heights, Michigan.

“I really didn’t know anything about the need for our services before I became a franchisee,” he says. “Prior to joining ComForCare, I knew about home aides, but I thought it was mainly through Medicare or other governmental programs. What ComForCare provides is really meeting a much bigger need than most people realize.”

How Big is the Need for Senior Home Health Services? Consider These Points:

• 90% of seniors want to remain in their homes as they age (according to AARP’s “The United States of Aging” survey).
• In 2015, only 32% of women over the age of 75 live with a spouse, and widows accounted for 34% of all older women, according to the U.S. Department of Health and Human Services Administration on Aging.
• Hospitals are discharging patients more quickly, with the average length of stay now being 4.6 days, down from 7.3 days in 1980. That means, even after rehab, many people are coming home in need of ongoing assistance and personal care services. The compound annual growth rate (CAGR) of the home healthcare market is projected to increase significantly over the next few years.
• According to a recent USA Today poll, 43% of 45-65 year olds say they anticipate remaining in their current residences throughout their retirement. The prevalence of chronic diseases is driving the demand for home healthcare services.
• The U.S. Census Bureau reports that the number of people in America who are 65 and older will hit 70 million by 2030.
• More than 5.8 million live with Alzheimer’s disease, according to the Alzheimer’s Association, and that number is expected to increase to 14 million people by 2050.
• The Alzheimer’s Association reports that someone contracts the disease every 65 seconds in the United States. The home healthcare market size is expected to grow, with segmentation highlighting various drivers such as the aging population, technological advancements, and reimbursement policies.

ComForCare is Uniquely Positioned to Meet This Demand for In-Home Care Services.

Thanks to modern medicine, the senior population is growing—and so is the demand for elderly care. Many senior citizens will need assistance with daily living tasks, but want to remain in the comfort of their own home. While it is clear that millions of families are going to face the difficult decision of helping their aging parents or loved ones find the care they need, not all brands in the senior care industry can provide the kind of personalized, empathetic, and expert care these families will rely on.

Since 1996, ComForCare has become one of the most trustworthy brands in the senior home care industry. We ensure that the professional caregivers we assign to our clients are the most trusted, compassionate, and skilled in their communities through our rigorous 10-step hiring process – and we match their skill-set to meet the individual needs of their clients.

Personalized, Comprehensive In-Home Care Plans

We also go one step further than the rest of the senior living industry by providing a comprehensive care plan for our clients that is personalized and tailor-made specifically to meet their needs. ComForCare caregivers provide light housekeeping, companion care, medication reminders, meal preparation, and more.

Technological advancements, such as telehealth solutions and remote monitoring devices, have further enhanced our service delivery, making it possible to provide complex care in a home setting.

DementiaWise®: In-Home Care Industry Leading Program

ComForCare has also launched an industry-leading care program called DementiaWise®, which allows professional home care providers to help those suffering from Alzheimer’s and other forms of dementia, and provide much-needed relief to families who are faced with a difficult reality.

Our comprehensive care plan includes services like occupational therapy and physical therapy, ensuring holistic patient care. These therapies, along with speech therapy, are crucial for individuals recovering from illnesses, managing long-term health conditions, or facing mobility challenges.

Why Now Is the Time to Invest in the Home Care Market

The U.S. home care market is experiencing unprecedented growth, fueled by an aging population, increased prevalence of chronic conditions, and advancements in home healthcare technology. As more seniors choose to age in place, the demand for compassionate and personalized in-home care services continues to surge.

There’s never been a better time to own a ComForCare in-home care franchise. To learn more about the home care service market, home care assistance franchise cost, and more, request info today!