Why home health care is the next great business in Canada

By Jon Hansen – MAY 15, 2018

According to a World Economic Forum white paper, depending on the year you were born your life expectancy will be anywhere from 85 to 103. In fact, if you were born in 2007, you have a 50-percent chance of living to the ripe old age of 104. Is it any wonder home health care is a growth industry?

Of course, there is another side to consider with this newfound windfall of years, which is the quality of an extended lifespan. More specifically, and beyond financial considerations, health.

A longer life doesn’t automatically equate to better living. Especially given the fact that the Public Health Agency of Canada estimates that three out of five individuals aged 20 and older currently suffer from a chronic illness, with four people out of five at risk of developing a chronic condition.

While these statistics may cast a shadow over the bright horizons of a longer life, there is no need to stay in bed and hide under the covers for the next 40, 50 or 70 years. With the rapidly growing home health care industry, which provides myriad essential services, managing one’s health has become both convenient and economical.

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