 The
Senior Market is GROWING ...
The need for homecare services booms!
There is a need for Home Care services, and that need is escalating and will
become a factor to reckon with, as the elderly population numbers continue to
increase. Part of this upsurge is due to:
- Senior citizens are living longer and “baby-boomers” are swiftly approaching
their retirement years.
- The development of Health Care Teams and Health Care Providers enable people
to be managed and monitored in their own homes and communities.
- Because of the high costs of health care in hospitals, patients are being
discharged early. Many require short-term assistance at home, as they
recuperate.
- Care-in-home is more cost effective than care in hospitals/institutions.
- The quality of life improves for those people who are able to remain in
their own homes.
- The burden on caregivers (family and/or friends who are providing direct
care to someone) is increasing. Often this can result in caregiver burn out
which, in turn, leads to the need for outside support.
- There are global changes in health care needs, as a result of
non-communicable diseases, mental illness, injuries and the continual growth of
HIV and AIDS.
- Research is increasing the availability and effectiveness of treatments,
medications and technology, which makes it possible for people to be cared for
at home rather than being cared for in hospitals/institutions.
- These issues continue to place an increasing demand on the need for
long-term care. Since health care costs will become even more staggering, the
provision in-home care continues to be a strong option.
The senior market.
Never before in the history of our country have there been so many seniors
who need home care and so many who also have the resources to pay for that care.
84% of all seniors recently surveyed by AARP said they want to stay home as long
as possible. You could possibly represent the link to making that home care
dream a reality in your community.
The trends reveal an abundance of new opportunities for entrepreneurs who want
to combine caring with nursing. Baby boomers – members of the generation born
between 1946 and 1964 – are approaching 60. By the year 2020, 1 in 4 people in
the United States will be over the age of 65. The elderly population is
increasing at nearly twice the rate of the general population – the 85-plus
segment will swell more than 33 percent by 2010.
The evolving needs of older generations are having a major influence on what
resources are necessary to prepare for the social and economic impact of the
“senior boom”. Considering starting a business serving this market? Then you
must know how urgent the need is for senior services!
As people grow older, their needs and lifestyles change. There comes a time when
even healthy, able-bodied seniors want to move from their larger homes into
smaller ones that are easier to care for, or they may consider retirement
communities. As their physical abilities naturally decline, seniors who want to
stay in their own homes look for outside assistance with daily tasks, such as
preparing meals, housekeeping, and managing personal hygiene. Seniors who are no
long able to drive may seek out reliable transportation to medical appointments,
social functions or shopping expeditions. And when seniors are no longer able to
live alone, they may move in with family members or relocate to an assisted
living facility. Almost 6.5 million seniors currently need assistance with their
daily activities, and this number is expected to double by 2020.
1 in 4 will be over 65 by 2020!
The older population – persons 65 years or older – numbered 35.6 million in
2002, representing 12.3 percent of the U.S. population, or about 1 in every 8
Americans. By 2030, there will be about 71.5 million older persons, more than
twice the number in 2002.
The time to act is now ... Senior Care Business Opportunity! |
