A growing aged population needing quality in-home care.
Home care franchises are a profitable franchising sector when you compare the median initial investment to average earnings.
A growing population of the world and Australia is in need of quality in-home care. According to the Australian Institute of Health and Welfare (2017) there are 3.7 million citizens aged 65 years an older and this is set to double by 2057. According to the Australian Network on Disability (2017) there are 4 million Australians living with a disability and of these, 2.1 million are aged 15 to 64 years of age and most experience ageing earlier than their contemporaries not living with a disability.
Researchers and government leaders alike know that private and public healthcare systems will need to prepare for this growing population.
Home Care Franchise Industry
Australian statistics (AIHW 2017) show that about 100,000 Australians are hospitalised each year as a result of falls. More than 70% of these falls occurred either in the home or in a residential care facility. While 74% of all fall injuries resulted in a fractured hip, 22% of these elderly people experienced a head injury. This adds stress to our healthcare system and more concerningly, dementia is the single greatest cause of disability in adults aged over 65 years of age. By 2056, it is estimated that more than 1,000,000 Australians will have developed dementia. On average, families notice symptoms of dementia three years before a firm diagnosis is made (Health Direct 2016).
By owning your own home care franchise, you will be taking advantage of this growing market and providing a necessary service to seniors and adults with disabilities in need, as well as supporting their families and communities.
These factors make home care a vitally important service and have contributed to making home care one of the strongest industry sectors to invest in for those seeking a franchising opportunity. By opening your own Senior Helpers franchise, you will be investing in a strong and groiwing market while providing a meaningful and necessary service.