Through this franchise, you can capitalize on a rapidly growing market
Million people over the age of 65 by 2030
Million people over the age of 65 by 2040
Industry Growth is Huge
People over the age of 65 tend to require assistance because of the natural decline of physical and mental capabilities.
The Bureau For Labor Statistics projects that the growth of industries related to the care of the elderly will occur at a rate of 70% between 2010 and 2020.
U.S. Senior Care Services/The Industry
The U.S. “Elder Care” service industry was a $249B segment of our economy in 2012 and projected to grow 5.2% per year through 2016 to $319.5B. Skilled nursing facilities are the largest segment of the market, but home health care services and assisted living facilities will see the most rapid growth.
Industry services are comprised of these types: skilled nursing care facilities, home health care services, social services, continuing care retirement communities, assisted living facilities and by provider – for-profit, non-profit. All these services are paid through Medicaid, Medicare, private insurance and out-of-pocket.
The Number of People Over Age 65 is Growing at a Rapid Pace
There will be approximately 72 million people over the age of 65 in 2030, and more than 81 million just 10 years later in 2040. People of this age tend to require assistance because of the natural decline of physical and mental capabilities. The Bureau For Labor Statistics projects that the growth of industries related to the care of the elderly will occur at a rate of 70% between 2010 and 2020.
Currently, there is a complex fabric of care services and resources – both public and private – designed to support seniors and their families with assistance at the national, state, regional and local levels. Navigating and connecting to these alternatives has given rise to a growing business segment of evaluation and placement services, to which A Right Place For Seniors belongs.
Caring for a Loved One can be a Burden on a Young Family
Where is the Need for Evaluation and Placement Services?
The vast majority of providers in five long-term care services sectors were in metropolitan areas. This distribution reflects the higher population density in these areas. (Figure 2)
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Most People will Require Long Term Care
“70% of people turning age 65 can expect to use some form of long term care during their
lives.” – U.S. Department of Health and Human Services