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Home Healthcare Industry Statistics Predict Huge Growth for Services

Posted: 12/20/2021 03:16 PM by Interim Franchise

There’s huge growth ahead for the home healthcare industry. Statistics show that healthcare services are expected to generate $100 billion in revenue by 2024. The forecast is welcome news to market watchers, including individuals eyeing the industry’s earning potential in the small business sector.

What Are Home Healthcare Services?

Often referred to as ‘home care,’ home healthcare services refer to a broad scope of non-medical services that are given to people with illnesses or an injury in the comfort of their own home. Services include assistance with bathing, meal preparation, transportation, and companionship.

The Age of Aging in Place

It’s estimated that almost 90% of all Americans over the age of 50 hope to age in place, either by staying in their own home or the home of a family member or friend. With more and more people intending to forego nursing homes in the future, the demand for home healthcare services is surging.

This coming surge in demand is perhaps best illustrated by recent figures released by the U.S. Bureau of Labor Statistics that show employment of home health and personal care aides is projected to grow by 33% from 2020 to 2030, a much faster rate than the average for all occupations.

Our Opportunity for Small Business Investors

Since 1966, Interim HealthCare has been a leader in senior home care franchising. Annually, our franchisees average more than $3.9 million in revenue, and we’re actively seeking new investors to join our team.

If you’re thinking about starting your own business and want to do something that helps others, there’s never been a better time to invest in the home healthcare industry. Statistics aside, if you’re looking for additional reasons why you should start your business with us, consider this: with more than 300 Interim HealthCare franchises operating across the country, we’ve developed a proven training and support program that enables investors with no professional experience or related degrees to become experts in no time.

Why It’s Better to Partner with Interim than Go It Alone

When it comes to investing in an industry with such a bright future, some investors may be tempted to start a home care business on their own. But strong revenue forecasts won’t protect new business owners from the inevitable loss in time and money that comes with starting from the ground up.

Partnering with Interim will help ensure that you’ll hit the ground running and build the momentum that’s key to building a profitable business for the long run. Here are just some of the advantages that come with investing in us:

  • expert guidance on how to run a home care business
  • seasoned marketing insight to reach potential clients in your community
  • up-to-date industry information like trends and best practices
  • owning a trusted brand that’s synonymous with excellence

Want to learn more about how we can help you invest in the booming home care industry? Contact us today!