Employment in healthcare occupations is projected to grow 15 percent from 2019 to 2029, much faster than the average for all occupations, adding about 2.4 million new jobs. … This projected growth is mainly due to an aging population, leading to greater demand for healthcare services.
In addition to demographics and innovation, the COVID-19 emergency has accelerated both the number of entrepreneurs entering into the aging services sector and investor interest. In 2021 alone, VC entities have invested more than half a billion dollars into U.S. senior care and home-based care startups, Crunchbase reported.
From 2016 through 2018, there were between 62 and 68 deals to fund senior care or home-based care startups in the U.S., according to Crunchbase. That jumped to 83 in 2019, then hit 91 last year.
Moreover, In 2020-21, the home has become the new venue for receiving both medical and non-medical assistance for higher acuity care; therefore, the most important partnership for a non-medical home care provider to have in 2021 is a strategic partnership or alliance that helps to expand the care continuum for a client.