Home Health Care Franchises Prospering
Baby boomers are aging, and the senior citizen population is predicted to reach 49 million by the end of the year. Any business involving the interests of and care of the aging generation are becoming more lucrative every year. Franchisers see huge opportunity in the aging population.
Problems with social security, Medicare and Medicaid are all causing seniors to look elsewhere for healthcare. In addition many of them prefer to stay home and avoid hospitals. An appealing option for many senior citizens is home health care, and franchisers are capitalizing on this growing market. The home heath care franchise industry is flourishing.
According to statistics from FRANdata, between 2006 and 2008 the home health care franchise industry grew by 13% each year. If you are considering opening a home health care franchise there are tons of options, and no one company has dominance in the market.
As many of BIZ TV’s programs point out, franchising can be a lucrative way to become involved in small business. With a senior citizen population that is growing each day, and with the current health care crisis, the home health care franchise industry is thriving. If you are looking into franchising be aware of the profitable options in home health care.