Why the Home Care Industry is Growing

Introduction

Home care is currently the fastest-growing sector of the health care industry within the UK.

There has been a shift in demand from residential care to domiciliary care, with more people are seeking care services from home care agencies as they offer bespoke care packages for loved ones in the comfort of their own homes.

This is only one reason why the industry is thriving and continuing to grow, and within this article we'll outline many more reasons why the Home Care industry is steadily rising!

Ever Increasing Demand

The private care industry is now worth £7.2 billion per year, with the market size of the Home Care industry in the UK having grown 1.5% on average per year between 2017 and 2022.

Home care offers services for the elder population and their varying requirements ranging from companionship to condition-led care. In the UK the number of people over 65 is increasing rapidly every year, along with life expectancy rising this naturally means an increase in age-related conditions that require on going support.

Studies indicate that demand for publicly funded home care provision is predicted to increase significantly to 468,000 elderlies by 2035.

Independent living

Studies have shown that home care provided by family members is declining over the years. Where 2 decades ago there would be 11 people to an elderly relative, by 2024 this is estimated to reduce to 4, with family members not always being available or local to their loved one.

In other cases, it's often the case that they are unable to provide the level of support required, and relationships can also become strained when caring for a loved one.

Alongside caregiving becoming more challenging as people age, the need for professional carers rises. People choose at-home care to be comfortable in their own surroundings, it is convenient and personalized to the individual’s needs. Homecare offers the ability of elderly to stay in their own homes and live independently for longer.

Covid Affect

After the pandemic, elderly people feel safer in their own homes which has raised the demand for home carers - often due to being in isolation for a period of time or seeing the affect covid had on care homes.

Concerns of the virus has led families to choose home care instead of care homes to reduce the risk of infection.

From witnessing the media coverage regarding care homes at the hight of the pandemic. More and more care homes are closing and experiencing staff shortages due to negative impact from COVID 19.

Cost-Affective

Home care is typically cheaper rather than moving into a nursing home or assisted living facility, which often equates to paying for services that are not used or needed.

With home care you only pay for the care services required on days and at times suited to the individuals needs without compromising on quality of care. Home care also eliminates moving costs that inevitably come with a house move.

The Opportunity

With care in more demand than ever, for the right motivated individual there is no better time to step into the home care industry.

The CareYourWay franchise offers a shorter, proven route than starting your own home care business from scratch.

Our friendly teams are here to answer any questions or queries you might have. You can contact us on 01548 521 789, or send us an e-mail.

And, if you’d like learn more about the CareYourWay franchise online, we’d encourage you to request our franchising prospectus which offers a wealth of information about the opportunity.