Home sweet home: A growing number of aging baby boomers will boost industry demand

The In-Home Senior Care Franchises industry is benefiting from a growing number of aging baby boomers. Over the five years to 2017, the number of adults older than 65 is expected to grow. The franchise model has gained traction as a way to capture the business of assisting senior citizens who want to remain in their homes. There are now more than 60 brands selling home healthcare franchises, which entice franchisees with moderate initial investment requirements and strong business support in key areas such as marketing and advertising. Although industry growth slowed slightly during the economic downturn, in-home senior care franchising has remained strong. This growth is expected to accelerate over the next five years to 2022, with the demographic changes expected to continue unabated...purchase to read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 12-17
9.1%
Forecast Growth 17-22
Profit
Employment
350,243
Businesses
8,560

Industry Threats & Opportunities

  • The number of adults older than 65 is expected to grow, accelerating industry growth
  • Even as the economy slowed during the peak of the economic recession, the pace of expansion remained high
  • The industry will continue to expand over the next five years, as demand for services grows
  • Industry Report - Starting a New Business Chapter

    There are low barriers to entry in this industry. The industry is highly fragmented with few companies holding significant market share positions. Barriers in most segments of this industry are reduced by low capital costs (with the possible exception of the home respiratory therapy market segment) and the personalized nature of the services provided. The initial investment required to open a single senior care franchise office averages under $100,000. Like many service-based franchises, many new franchisees choose to start by working out of a home office, which helps keep the initial cash requirements low...purchase to read more.

    Additional Insights for the In-Home Senior Care Franchises Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the In-Home Senior Care Franchises Industry are

  • Recommendation/accreditation from authoritative sources
  • Effective quality control
  • Ability to take advantage of government subsidies and other grants
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 65 and older and Federal funding for Medicare and Medicaid in the In-Home Senior Care Franchises industry impact industry performance..

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    What's in this report

    What is the In-Home Senior Care Franchises Industry?

    This industry provides in-home healthcare services through franchised establishments. Services may include skilled nursing care, homemaker and companion services, physical therapy and medical social services. While the vast majority of in-home healthcare is provided to people aged 65 and older, the industry also includes in-home healthcare services delivered to individuals of all ages.

    Industry Products
  • Traditional home healthcare and home nursing care
  • Home hospice (end of life) care services
  • Home therapy services
  • Homemaker and personal services
  • Industry Activities
  • Providing personal care
  • Providing homemaker and companion services
  • Physical therapy
  • Medication dispensing
  • Counseling
  • Providing 24-hour home care
  • Occupational and vocational therapy
  • Dietary and nutritional services
  • Intravenous therapy
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 65 and older
  • Federal funding for Medicare and Medicaid
  • Per capita disposable income
  • Number of people with private health insurance
  • Federal expenditure on disability benefits
  • National unemployment rate

  • Current Performance
  • Insurance and income dictates prices
  • Start-up opportunities in senior care
  • Internal competition remains high
  • Chart: Revenue Growth

  • Industry Outlook
  • Brands and franchisees expand
  • Industry landscape
  • Table: In-Home Senior Care Franchises Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - In-Home Senior Care Franchises Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Primary Care Doctors
  • Specialist Doctors
  • Hospitals
  • Retirement Communities

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Employment & Recruiting Agencies
  • Generic Pharmaceutical Manufacturing
  • Glasses & Contact Lens Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Medical Supplies Wholesaling
  • Public Administration

  • Products & Services
  • Traditional home healthcare and home nursing care
  • Home hospice (end of life) care services
  • Home therapy services
  • Homemaker and personal services
  • Other
  • Chart: In-Home Senior Care Franchises Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics
  • Affordability

  • Major Markets
  • Out-of-pocket
  • Medicare
  • Medicaid
  • Private insurance
  • Other sources
  • Other government (e.g. Veterans Affairs, Indian Affairs, etc.)
  • Chart: Major Market Segmentation for the In-Home Senior Care Franchises Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs In-Home Senior Care Franchises

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the In-Home Senior Care Franchises Industry

  • Industry Globalization
    Home Instead Senior Care, Interim HealthCare Inc., Living Assistance Services Inc., Right at Home LLC, Comfort Keepers, Griswold Home Care,
  • Table: Home Instead Senior Care - financial performance
  • Table: Interim HealthCare Inc. - financial performance
  • Table: Living Assistance Services Inc. - financial performance
  • Table: Right at Home LLC - financial performance
  • Table: Comfort Keepers - financial performance
  • Table: Griswold Home Care - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the In-Home Senior Care Franchises Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the In-Home Senior Care Franchises Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Adults 65 years and over (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Age In Place
  • The ability to live in one's own home and community safely, independently and comfortably, regardless of age, income or ability level.
  • Franchisee
  • A holder of a franchise; a person who is granted a franchise
  • Franchisor
  • The owner of the franchise who sells licenses to those who wish to operate under the corporate name of tradestyle.
  • Hospice
  • A type of care and a philosophy of care which focuses on the palliation of a terminally ill patient's symptoms.
  • Medicaid
  • A government program, financed by federal, state and local funds, of hospitalization and medical insurance for persons of all ages within certain income limits.
  • Medicare
  • A government program of hospitalization insurance and voluntary medical insurance for persons age 65 and over and for certain disabled persons under 65.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on In-Home Senior Care Franchises provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on In-Home Senior Care Franchises:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The In-Home Senior Care Franchises market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on In-Home Senior Care Franchises, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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