The Healthcare Industry & Current Opportunity

The Canadian Medical Associations and the University of British Columbia echo these findings, stating:

• 1/3 of Canada’s population will be 65 or over by 2056
• Seniors account for nearly half of all health care spending
• Industry is currently in a growth phase due to the growing elderly population and the shift toward home health care as institutions struggle to meet demand
• Industry revenue is expected to grow at an annualized rate of 3.0% to $4.8 billion
• In 2018, of 1.2 million Canadian adults that needed home care services, 26% found their needs were unmet

Additional Sources – Gonzalez, E. (2018). IBISWorld Industry Report 62161CA: Home Care Providers in Canada.

There is a clear trajectory of growing demand, along with a shift from institutionalized healthcare to home care, to meet this expanding need. Healthcare services are recession-proof, will always be in-demand, and growth in the older population will result in more individuals needing additional care.

Tranquil Care is proud to be a part of the solution on both sides, as we offer staffing services to care facilities, as well as directly to seniors within their home.

Owning a franchise within the healthcare industry is not just a great opportunity, but a chance to provide care to those in need and make a meaningful impact in people’s lives.