Top 5 Senior Healthcare Franchises in the U.S.

Written by Jill King | August 2, 2023

A staggering one out of every six Americans is currently aged 65 or older, making up 15% of the entire population.
The demand for senior healthcare is exploding in the U.S., and senior healthcare is one of the world's fastest-growing industries.
Read about the U.S.'s Top 5 Senior Healthcare Franchises and capitalize on the incredible growth!

Did you know each day in the United States, more than 10,000 people turn 65? In 2020, 56 million people were older than 65, which is projected to increase to 95 million by 2060. Overall, people are living longer and healthier lives than ever before, making senior healthcare services a critical and growing need.

Here are some vital statistics:

There are now nearly 56 million adults aged 65 and over in the U.S., or almost 17% of the nation's population.
America's 65-and-over population is projected to nearly double over the next three decades.
The 85 and older population is projected to more than double from 6.6 million in 2019 to 14.4 million in 2040 (an 118% increase).
Most adults 65+ suffer from balance issues, movement disorders, injuries, and pain, and 70% have two or more chronic conditions.
Senior healthcare services have skyrocketed, spelling increased opportunities in the franchise industry.

If you want to break into the senior healthcare franchise industry, you picked an outstanding time! The need to provide high-quality, personalized care has never been greater, and as the current generation begins to retire, they will also need care and treatment for chronic health conditions, age-related ailments, and senior living accommodations.

Here are five concepts quickly emerging as industry leaders in senior healthcare franchises.

Caring Transitions

Caring Transitions is a senior moving service that guides retirees and their families through life transitions, such as relocations, downsizing, estate sales, home clean-outs, and online auctions. Caring Transitions has over 200 franchise locations in 41 states and boasts 30 years of franchise experience. They offer technology tools, marketing collateral, and operational support to help franchisees succeed, such as software, webinars, content marketing, and a 24-hour call center for support. A solutions-oriented franchise dedicated to helping seniors in transition, this senior location franchise might be the franchise for you if you're looking to help seniors through life changes.

FYZICAL Therapy & Balance Centers

FYZICAL is headquartered in Sarasota, Florida, and is the fastest-growing physical therapy franchise in the country. With over 550 locations nationwide, FYZICAL was named the #1 Physical Therapy Franchise by Entrepreneur Magazine and recently won the Franchise Times Zor Award as Top Brand to Buy. Additionally, Franchise Business Review named FYZICAL as Most Profitable Franchises in 2021. The aging population, in particular, benefits from FYZICAL's proprietary Balance and Vestibular program and its industry-leading fall prevention therapies. Approximately 8 million American adults are affected by balance problems, and over 69,000,000 Americans suffer from vestibular disorders. Approximately 40% of the US population will experience clinical dizziness or balance difficulty in their lifetimes. Physical therapy is positioned to plan an important role in care, recovery, and preventative measures, especially for seniors.

Falls are the leading cause of fatal and nonfatal injuries among older adults and account for more than 3 million emergency department visits each year. The cost of fall-related injuries alone surpasses $68 billion. In 2015 the total Cost of falls injuries was $50 billion. That cost is expected to increase to $101 Billion heading into the 2030s.

FYZICAL's industry-leading fall prevention therapies answer the increasing demand for balance therapy. With the enormous scale of this clinical opportunity, franchisees can become the premier balance and vestibular experts in their communities with a FYZICAL Therapy & Balance Center.

FYZICAL is the world's largest physical therapy company and provides traditional PT services, including injury and surgery rehabilitation as well as specialty services like pelvic health, audiology, and more. FYZICAL offers Single, Multi, and Master Opportunities for physical therapists and entrepreneurs, Mini Master opportunities, and FYZICAL's unique Partnership Opportunities, which give physical therapists a pathway to clinic ownership. FYZICAL's unparalleled support team dominates the marketplace in terms of depth, experience, and knowledge of the physical therapy industry.

Home Instead Senior Care

Home Instead Senior Care provides home care services for the elderly and is the largest senior care franchise in the world. The company originates from Omaha, Nebraska, with over 1200 franchises, and is the leading provider of in-home care services for aging adults worldwide. Home Care offers companion and personal care services and gives its caregivers training in managing chronic conditions as well as providing hospice care. Their proprietary CARE program gives caregivers specialized training in memory care issues. Its mission is to enhance the lives of aging adults and their families. As 10,000 people turn 80 every day, the opportunity to own your own home care business could be a good choice for basic care for those with specialized needs.

Miracle-Ear

Miracle-Ear, the largest and most recognized hearing aid retailer, offers modern hearing devices for patients with hearing loss. Founded in 1948, the company has more than 1,500 franchise locations throughout the U.S. Franchisees can select from either the start-up or the conversion model and are supported through national marketing programs, specialized support, and training. Headquartered in Minneapolis, Minnesota, the hearing aids amplify sound and are produced by a multinational company in Italy.

Comfort Keepers

Comfort Keepers provides in-home senior care, senior companion services, and home safety technology to seniors. Established in 1998, Comfort Keepers helps seniors who struggle with independent living and offers services such as personal care, companionship care, such as meals, laundry and grocery shopping, and respite care for family and loved ones. Comfort Keepers has more than 625 franchise locations and offers ongoing support such as training, networking, and conferences.