The Growing Senior Care Market

An Exceptional Business Opportunity

The senior home care and service industry will experience significant growth over the next 40 years.

$23 Billion

In 2020, the market for in-home senior care is projected to reach $23 billion.

13% Growth

Exhibiting a decade-long average compound annual growth rate of 13%.

50 Million

Today, there are over 50 million adults age 65+ in the United States.

70 Million

The 65+ population is expected to reach 70 million over the next 30 years.

* Source: IBIS / U.S. Census data

A Massive Market

According to the AARP, 10,000 baby boomers turn 65 every day, and this is expected to continue into the 2030s. As younger generations have fewer children and later in life, this changes the senior dynamic and demographic of the United States. With over 77 million baby boomers or people born between 1946 and 1964, this creates an enormous and sustainable market for senior care and a franchise opportunity. The baby boomer generation is larger than previous and more recent generations, which presents a huge aging population for years to come.

By 2030, the number of 65+ adults will outnumber children under 18
By 2020, the market for in-home senior care is projected to reach $23 Billion

Getting Started in Home Care

Comfort Keepers is fortunate, as an organization, to be operating in a growing industry that is free from the kinds of conflicts that exist in many other kinds of businesses. In many industries, making a positive difference in society and earning a profit seems to be at odds with one another. One of the main draws for our franchisees is that they do not have to make that choice. They can work at something that they’re proud of and make a difference in the lives of people that need them.

We’re both excited and proud to be able to help make this happen, and if you’re thinking of an in-home care franchise, we would love an opportunity to talk with you. Because, when it comes down to it, even though we’ve been successful at developing systems and generating demand, we cannot continue to grow without an influx of new, smart, energetic franchisees.