Below are some senior care related industry facts and statistics that provide compelling and powerful evidence going forward for the continued and rapid growth of the senior health care services industry in the United States. Prospective entrepreneurs might want to consider these facts and stats in their research to find the best senior care franchise to start.

It is estimated by the US Census Bureau that by the year 2030 over 70 million Americans will be over the age of 65. This huge demographic shift according to Time Magazine will increase the size of the senior care industry form$86 billion in 1996 to nearly a half a trillion dollars by 2030.

Persons reaching age 65 have an average life expectancy of an additional 19 years. Several studies have found that the overwhelming aged care facilities majority of seniors – 89%, according to an AARP survey, for example – want to age in their own homes for as long as possible.

In 2011, more than 8,000 people will turn 65 every day. By the end of that year the senior population of America will reach almost 49 million. by 2025, it will grow to nearly 72 million.

The U.S. Census Bureau estimates that the population of age 85 and over could grow from 5.3 million in 2006 to nearly 21 million by 2050.

When compared to the costs associated with a retirement community, home care can be a very affordable option for many seniors. The average annual cost of one nursing home resident is $69,715. The average annual cost of one assisted living facility resident is $36,372.

The widening flood of Americans into later life…guarantees that eldercare will be a 21st century growth industry. The market, which was $86 billion in 1996, is expected to reach $490 billion by 2030.”

According to US Census date it is estimated that about 80 percent of seniors have at least one chronic health condition and 50 percent have at least two. Arthritis, hypertension, heart disease, diabetes, and respiratory disorders are some of the leading causes of activity limitations among older people.

While people over 65 are expected to increase at a 2.3% rate, the number of family members available to care for them will only increase at a 0.8% rate.

After reaching the age of 65, an American has more than a 70 percent chance of needing help with the activities of daily living like dressing, bathing, and using the bathroom. Assistance.

Most people-nearly 79%-who need Long-Term Care live at home or in community settings, not in institutions.

Thinking of starting a senior care franchise? Go here now to explore a number of top senior care franchises available for sale in markets and states across the USA.

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