In-Home Senior Care Franchises Market
Forecast On In-Home Senior Care Franchises Market Global Industry Analysis and Trends till 2026
Every person who is born must eventually grow old at some point. Considering how busy we have all become, it can often seem that life passes us by in a blur. When we do age, though, we usually have only one wish – to live out the rest of our years in safety and comfort. Most of us would also like to live in our own homes if we can make that choice. That is where the In-Home Senior Care Franchises market comes into play. In-home senior care is a perfect fit for the franchising model since it is highly regulated, systems-oriented and highly personal. It enables franchise owners to develop strong ties with both their clients and the community at large. The long-term prospects of the In-Home Senior Care Franchises market are very bright indeed.
In-Home Senior Care Franchises Market Drivers
An ageing population in the west will be the main driver of the In-Home Senior Care Franchises market. The Baby Boomer generation born immediately following World War II are expected to demand greater medical care and attention. Elderly care in the U. S alone is expected to be worth more than $ 300 billion in 2016. There is also a major shift towards“ ageing in place”. Most adults like living in the comfort & privacy of their own homes for as long as is possible. Even after they cross the age of 65, people prefer living on their own or with family members rather than in an old-age home. The In-Home Senior Care Franchises market is also expected to get a boost from improving technology. Assistance & safety monitoring equipment has taken a dramatic leap in recent times driven by advances in sensory networks, bio-sensing, robotics, cloud computing and telecommunications. Another factor boosting the In-Home
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