Senior day care franchises have high growth potential
Adult day care franchises are a highly profitable franchising sector, when one compares the median initial investment to average annual earnings. A growing population of the world is made up of senior citizens in need of quality care.
According to the World Health Organization (WHO), nearly a quarter of the world’s population (2 billion people) will be 60 years or older by 2050 and nearly 20% of them will be 85 years old. The United Nations has released a “World Population Aging” report which states that the rate of growth in people over the age of 80 is expected to be about 2% ever year. This means that the market for senior care businesses will continue expanding.
Researchers and government leaders alike know that private and public healthcare systems will need to prepare to care for these older individuals.