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What market share does Sodexho hold for in-home care?
Hello! Thank you for your request to determine the market share that Sodexo holds for in-home health care. The short version is that Sodexo's In-Home Care subsidiary, Comfort Keepers, in 2016 recorded an estimated revenue of $460.184 million in the US. Sodexo's In-Home Care subsidiary, Comfort Keepers, owns an estimated 0.5171% market share in the US In-Home Care market. Sodexo's In-Home Care subsidiary, Comfort Keepers, owns an estimated 5.11% share in the US In-Home Care Franchises market.
METHODOLOGY
I have scoured the Internet for articles, papers and statistics related to this subject.
From the research conducted, it has become apparent that Comfort Keepers provides in-home care to seniors. Therefore they operate within the greater In-Home Care market. More specifically, the In-Home Senior Care Franchises market.
Please note that Comfort Keepers, as owned by Sodexo, is a private company, and therefore does not release fiscal data. There was, however, enough reliable data available to estimate the market share for the company.
FINDINGS
According to IBISWorld, the US market size for in-home care is $89 billion, having grown at a CAGR of 4.5% over the period 2011-2016.
IBISWorld also reports on the In-Home Senior Care Franchises market, stating that the current market size is $9 billion, having grown at a CAGR of 9.7% over the period 2011-2016.
According to Statista, Sodexo's Senior Care service (Comfort Keepers) contributes 5.8% to total company revenue. Statista also provides information on Sodexo's annual revenue, citing the number for 2016 to be $22.6 billion. Therefore
Entrepreneur.com reports that out of the 767 Comfort Keepers franchises globally, 638 are located in the US. This amounts to 83.2%.
Private companies do not reveal fiscal data, but in a report on Franchise Times it is stated that the average annual revenue for a Comfort Keepers franchise was $721,291 in 2016. Therefore, we can conclude that Comfort Keepers' total revenue generated in 2016 was:
CONCLUSION
To wrap it up, Sodexo's In-Home Care subsidiary, Comfort Keepers, in 2016 recorded an estimated revenue of $460.184 million in the US. Sodexo's In-Home Care subsidiary, Comfort Keepers, owns an estimated 0.5171% market share in the US In-Home Care market. Sodexo's In-Home Care subsidiary, Comfort Keepers, owns an estimated 5.11% share in the US In-Home Care Franchises market.
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