Senior Franchise Company Home Instead Opens 1,000th Location

Senior home care services have become a new niche of the senior care industry in the last decade, as the nation's large Baby Boomer generation chooses to age-in-place while living longer than any previous generation.

Home Instead Senior Care, one of the very first companies to begin providing professional home care services, has reached a milestone with the announcement of their 1,000^th franchise location opening this month.  The 1,000^thfranchise officially opened December 4, 2013, in Niagara Falls, Canada, by local owners Denielle Cuoco and Jonathan Cook.

The growing Home Instead Senior Care network which surpassed the $1 billion annual revenue mark in 2012, also announced it will enter Quebec and China in 2014. Upon the expansion, Home Instead services will be offered in 18 countries.

"These milestones reflect the outstanding reputation our franchise owners have built by providing well-trained, trustworthy CAREGivers^SM to more than one million clients," said Roger Baumgart, chief executive officer of Home Instead, Inc., the franchisor of the Home Instead Senior Care network. "Studies consistently show that older adults around the world prefer to age at home and, with support, they can typically do so."

Home Instead provides support services – assistance with activities of daily living, personal care, medication reminders, meal preparation, light housekeeping, errands, incidental transportation and shopping as well as specialized Alzheimer's care – which enable seniors to live safely and comfortably in their own homes for as long as possible.

According to the World Health Organization, by 2050, the world will have almost 400 million people aged 80 years or older. WHO further notes: "Never before have the majority of middle-aged adults had living parents." This global aging population and changing family dynamics have drastically increased the need for Home Instead's in-home care services to help seniors age where they most often want to, at home.

Numerous recent studies and surveys support an increase in demand for in-home care. In Canada, the number of seniors is projected to exceed the number of children aged 14 and younger for the first time ever between 2015 and 2021. In China, the proportion of people over 65 is estimated to rise from 7.8 percent of the total population in 2005 to 16.3 percent in 2030.  Key in these studies is March 2013 survey results from life insurance company Genworth Financial, Inc. that reveals 70 percent of their first time, long care claimants in the U.S. chose in-home care.

"As a global society, we are generally unprepared for the growth of senior care needs," said Mike Hodin,  executive director of the Global Coalition on Aging. "Home Instead Senior Care services provide an innovative model that is scalable and sustainable as we seek to meet 21^st-century care needs. Home Instead fills a critical gap in care that addresses senior housing shortages, seniors' desire to age in home and the rising levels of support needed for families caring for a senior loved one."

This population aging trend is leading to economic opportunities in the form of franchise businesses and job growth.  Findings from the U.S. Bureau of Labor Statistics show that the employment of personal care aides is expected to grow by 70 percent from 2010 to 2020, much faster than the average for all occupations.

Further compounding the growth of the industry is the number of dependent adults. The World Alzheimer Report 2013 predicts the number of dependent older people will rise from 101 million in 2010 to 277 million in 2050, an almost threefold increase. The report offers conservative estimates that at least 36 million people worldwide currently live with Alzheimer's disease or other dementias, and that number is expected to grow significantly in the coming years.

Seniors can find the right care solution for them by learning about the nursing home costs, senior home care providers and assisted living communities in their area on Caregiverlist.

Anyone seeking part-time or full-time job opportunities may consider becoming a senior caregiver as more caring individuals are needed to work as professional senior caregivers.