A Growing Market

The in-home care industry is still in its infancy. Within the last couple of decades, the world population of those aged 60 and older has started to increase at rates never before seen. This growth will not only continue, it will explode.  By 2050 estimates show there will be over 2 billion people aged 60 and older.  

There are two reasons for this. First, Baby Boomers are simply getting older. And people aren't just growing older, they are living longer thanks to an increased commitment to health and wellness, as well as the advancement of medicine.  As a result, the average life expectancy continues to lengthen. In fact, the segment of people over the age of 85 is expected to quadruple by the year 2050.  Of those individuals 85 and over, 1 in 2 will have Alzheimer's or some other form of dementia.

Stated simply, there are less family members available to take care of a greater number of elderly individuals who are living longer in their home setting with chronic diseases that require caregiving assistance.

This increased life expectancy will lead to a larger population of seniors, many of whom will need assistance in order to remain independent.  Together with declining birthrates, shifting demographics, changes in traditional family structure, and decreases in government funding and services, this creates a tremendous opportunity for visionary entrepreneurs to provide a much needed service to these individuals.

My family and I were quite pleased with Right at Home's efforts. They provided first class service, and provided a healthcare provider who really knew what she was doing. It is not necessarily easy to transport a person who is not feeling well across the entire United States, and Right at Home did a great job in providing this service. Our experience with Right at Home was just perfect.

Jim H.