The hospice care global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hospice Care Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hospice care market size has grown rapidly in recent years. It will grow from $4.21 billion in 2023 to $4.73 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increase in aging population, increase in terminal illnesses, adoption of palliative care approach, increase in medicare coverage, rise in home-based care.
The hospice care market size is expected to see rapid growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to continued aging population, chronic illness management, increasing telehealth integration, increasing regulatory changes, rising regulatory changes. Major trends in the forecast period include personalized care plan, holistic approach, pediatric hospice care, bereavement support, quality and outcome measures.
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Scope Of Hospice Care Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hospice Care Market Overview
Market Drivers –
The rise in the prevalence of chronic diseases is expected to propel the growth of the hospice care market going forward. Chronic diseases refer to conditions lasting a year or more, requiring ongoing medical care, or limiting daily life activities. Chronic diseases are increasing due to the increasing use of tobacco products, poor nutrition, physical inactivity, excessive use of alcohol, and others. Hospice care is opted by several patients suffering from severe chronic diseases, including cancer. For instance, in September 2023, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million fatalities, constituting 74% of the total deaths attributed to non-communicable diseases (NCDs) or chronic conditions worldwide each year. These fatalities encompassed 17.9 million deaths due to cardiovascular diseases, 9.3 million fatalities related to cancer, 4.1 million deaths associated with chronic respiratory diseases, and 2.0 million deaths resulting from diabetes. Therefore, a rise in the prevalence of chronic diseases is expected to drive the growth of the hospice care market.
The hospice care market covered in this report is segmented –
1) By Type: Nursing Services, Medical Supply Services, Physician Services, Other Type Of Services
2) By Application: Home Settings, Hospitals, Specialty Nursing Homes, Hospice Care Centres
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Regional Insights –
North America was the largest region in the hospice care market in 2023. The regions covered in the hospice care market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the hospice care market include Dierksen Hospice, Kindred at Home, National Association for Home Care and Hospice, PruittHealth Inc., Covenant Care, AseraCare Hospice, Bristol Hospice, Brookdale Hospice, Capital Caring, Community Hospice & Palliative Care, Compassus, Continuum Care Hospice, Crossroads Hospice, Encompass Health Corp., Four Seasons Hospice, Gentiva Hospice, Gilchrist Hospice Care, Grace Hospice, Halcyon Hospice & Palliative Care, Harbor Light Hospice, Heartland Hospice, Hope Hospice, Hospice of Dayton, Hospice of the Chesapeake, Hospice of the Valley, Odyssey Healthcare, Ohio’s Hospice, Pathways Home Health and Hospice, Premier Hospice and Palliative Care, Seasons Hospice & Palliative Care, Suncoast Hospice, Tidewell Hospice, VITAS Healthcare
Table of Contents
- Executive Summary
- Hospice Care Market Characteristics
- Hospice Care Market Trends And Strategies
- Hospice Care Market – Macro Economic Scenario
- Global Hospice Care Market Size and Growth
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- Key Mergers And Acquisitions In The Hospice Care Market
- Hospice Care Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hospice Care Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hospice Care Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hospice Care Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 51: Dierksen Hospice Financial Performance
Table 52: Kindred at Home Financial Performance
Table 53: National Association for Home Care and Hospice Financial Performance
Table 54: PruittHealth Inc. Financial Performance
Table 55: Covenant Care Financial Performance
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