What’s Shaping the Senior Care Industry Today and How Does Executive Home Care Fit In?

The in-home senior care industry has always been an important one, but now even more so. Today, more and more seniors and their families are relying on it, making an Executive Home Care franchise opportunity a smart one to take advantage of. Here, we’ll look at a few factors that are influencing the senior care industry today and why the future of home care looks strong and resilient.

Life Expectancy Is Increasing

Americans are living longer. In fact, the population of seniors 85+ is growing, and by 2050, it’s predicted that roughly one in five of all older adults will be in this age group. Additionally, with this increased life expectancy comes an increase in chronic disease diagnoses, making in-home senior care services an even more important resource to communities everywhere.

 Executive Home Care provides premier in-home care — from help with daily activities to overnight care — provided by compassionate professionals who are committed to their work. As a result, our brand name is a respected and recognized one, making it far easier for our franchisees to establish themselves and start growing their business. 

A Decline in Family Caregivers

While the number of people over the age of 80 is expected to increase significantly by 2030, the number of adults between the ages of 45 and 64 — potential family caregivers — will increase by just 1%. Currently, there are seven potential family caregivers per older adult, but by 2030, that number is expected to drop to four. This will leave more households in need of expert outside senior care services, like those provided by Executive Home Care.

 Additionally, over the past 50 years, the number of households containing multiple adult generations has quadrupled. These mixed-generational households can be a challenge at times for the family caregivers living in them, and as a result, many families may turn to outside caregiving services to help them manage responsibilities and ease stress.

We’ll Get You Up to Speed with Our Expert In-Home Senior Care Industry Training and Support

As we’ve just discussed, the senior care industry is robust and becoming more so, leading you to believe you may need experience in it to take advantage of an Executive Home Care opportunity. Actually, nothing could be further from the truth. That’s because we make sure new franchisees see expert pre-opening training that brings them up to speed on everything they need to know to open and operate their franchise smoothly. From finding and hiring qualified staff to marketing your business to growing your client base, we’ll be there with expert guidance and resources that’ll keep you on track toward success. With us by your side, you’ll be in business for yourself, never by yourself. 

To find out more about what makes Executive Home Care a leader in the senior care sector, get in touch today!