How Large Is the Senior Care Industry?

By 2030, the senior population in the U.S. will approach 72 million

Almost 54 million seniors today make up approximately 20% of the total U.S. population. As the baby boomer generation — born just after World War II to the mid 1960s (approximately between 1946 – 1965) — continues to age, approximately 10,000 will turn 65 every day for the next 20 years! The number of seniors forecast for the year 2030 is estimated to grow to about 72 million. Some research estimates that the global home health care sector may grow from $180 billion in 2014 to $300 billion in 2020 — that’s an increase of 67% in six years.

Seniors have an average life expectancy of 19 years after turning age 65. Sixty-seven percent of those seniors own their own homes, and according to AARP and others, 89% prefer to stay in them for the remainder of their lives, living independently for as long as possible. Non-medical in-home senior care is often the step between self-sufficiency and more serious medical or nursing home care. Despite a client’s struggles, familiar surroundings contribute to their longevity and quality of life. For this reason, the demand for non-medical in-home senior care is great.

“There is an abundance of clients out there,” Denver, Colorado, franchise owner Ryan Fensler says. “For anyone new looking at a franchise, I would advise you look at the stats for your area. Chances are, the demand is there.”

Touching Hearts at Home is in the right place at the right time

Touching Hearts at Home is a non-medical in-home senior care franchise that answers the needs and desires of this very large and influential segment of America. We deliver a system that responds to the growing demand for non-medical, in-home senior care in a meaningful and financially successful way, gives seniors independence along with the ability to age gracefully and with dignity and values integrity in one of the fastest growing service industries.

“We offer one-on-one, person-centered care to our clients,” CEO and founder Renae Peterson says. “We give seniors stimulation and companionship. We ease loneliness and fight depression. Touching Hearts designs a care plan that’s unique to each person. We’ve literally added years to people’s lives, helping them maintain their quality of life.”

Now is the ideal time to consider joining Touching Hearts at Home. The industry is growing rapidly, creating demand in cities across the country. We are looking to partner with passionate entrepreneurs who want to help the seniors in their communities. Complete our form below, and we’ll be in touch to discuss the Touching Hearts opportunity soon.

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