Residential Senior Care Franchises in the US - Industry Market Research Report

Residential Senior Care Franchises in the US - Industry Market Research Report

  • July 2021 •
  • 39 pages •
  • Report ID: 5931561 •
  • Format: PDF
Living well: Industry revenue will likely grow due to the continued aging of the population

Abstract

Residential Senior Care Franchises
The Residential Senior Care Franchises industry provides residential and personal-care services for elderly individuals who are unable to fully care for themselves. Demographic trends have underpinned growing demand for residential senior care franchises, and the industry has experienced strong growth over the past five years. This growth is expected to continue over the next five years, driven by an improving economic environment and the continued aging of the population, which will expand the industry’s markets. Despite the success of the industry’s business model, franchise operators are expected to encounter some challenges from falling reimbursement rates and rising competition.

Franchises in this industry primarily provide residential and personal-care services for elderly individuals that are unable to fully care for themselves. IBISWorld business franchise reports focus solely on the operation of franchised outlets and exclude nonfranchise data. They show the total number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees. These reports also highlight the largest franchisors by market share.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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