openPR Logo
Press release

Funeral Products and Services Market Estimated to Grow at a CAGR of 16.7% during Forecast Period 2017- 2022 || Key Players - Service Corporation International, Matthews International Corporation, Dignity Plc, StoneMor Partners, InvoCare Ltd, Carriage Serv

06-11-2019 02:08 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

/ PR Agency: Fact.MR
Funeral Products and Services Market Estimated to Grow at a CAGR

Growing old age population and rapid urbanization continues to fuel demand for the funeral products & services globally. Surge in the mortality rate has further revved up demand for death care services and products in the global market. According to a recent report by CDC, the death rate recorded is 823.7 deaths per 100,000 population and heart diseases continue to remain the major cause of deaths globally. Increasing number of deaths is mainly attributed to various factors such as growing prevalence of diseases, increasing disposable income and robust economic growth is expected to contribute towards growth of the global Funeral Products and Services Market.

According to Fact.MR, the global funeral products & services market is expected to represent a value of nearly US$ 370,000 Mn by the end of 2022.

Increasing demand for performing euthanasia in the hospitals has significantly contributed towards the mortality rate globally. Some patients who are severely affected by terminal illness are subject to unstoppable sufferings and pains. Unstoppable pains and sufferings continue to rev up demand for performing euthanasia in the hospitals. Lethal vaccinations such as potassium chloride, sodium thiopental and pancuronium bromide are injected in the patients suffering from various terminal illness such as neurological conditions, last stage of Alzheimer’s, chronic lung problem and heart failures. Bound to these factors, the funeral products & services are likely to witness significant demand in the global market.Surge in the death rate continues to fuel demand for various death care services including memorials, burial or cremation and funerals. Organizations and companies operating in the death care industry are focusing on offering cemeteries, coffins, headstones and crematoria for conducting funerals. In addition, growing incidences of infectious diseases, malnutrition and under nutrition continue to fuel demand for the death care services.

Growing need for conducting funeral services has further led to surge in demand for publishing the obituaries and creating epitah. Moreover, dealers are increasingly selling monuments and memorials for conducting the funeral ceremonies. Bound to such factors, demand for funeral products and services is expected to remain high in the global market. Conducting funeral has also led to surge in demand for embalming operations for chemical exposure, biological exposure and musculoskeletal hazards. The global funeral products & services market will continue to witness significant growth during the forecast period.

Request Free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=330

Recent trend of pre-planning the funeral and crematory ceremony will continue to impact growth of the global funeral products & services. In order to assume the financial responsibility, people are opting to pre-plan their funeral. Increasing demand to cater for various unique hazards and embalming maintenance & room ventilation continues to contribute towards growth of the global market. Moreover, growing need for embalming operations regarding the musculoskeletal hazards, chemical exposure and biological exposure is further expected to rev up demand for funeral products & services.

As people prefer conducting funerals with all the rituals, demand for traditional services will continue to increase in the global market. On the basis of service type, the traditional segment is expected to generate significant revenues, accounting for a value of over US$ 65,000 Mn by the end of 2022. The immediate service type segment is expected to register the highest CAGR throughout the forecast period. Based on funeral planning, the at-need segment is expected to represent the highest revenue growth, recording a value of over US$ 33,000 Mn by the end of 2017. Further, the at-home funeral planning segment is expected to register a robust CAGR through 2022.

Competition Tracking

Leading market players operating in the global funeral products & services market include Service Corporation International, Matthews International Corporation, Dignity Plc, StoneMor Partners, InvoCare Ltd, Carriage Services Inc., Fu Shou Yuan International Group Ltd, San Holdings Inc., Nirvana Asia Ltd and Funespana SA.

Enquire about this Report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=330

Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Funeral Products and Services Market Estimated to Grow at a CAGR of 16.7% during Forecast Period 2017- 2022 || Key Players - Service Corporation International, Matthews International Corporation, Dignity Plc, StoneMor Partners, InvoCare Ltd, Carriage Serv here

News-ID: 1771416 • Views: 121

More Releases from Fact.MR

Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel
07-02-2020 | Health & Medicine
Fact.MR
Medical Device Contract Manufacturing Market Set for Strong Growth, Production F …
The medical device contract manufacturing market is poised to expand at a CAGR of 11.3% during the forecast period (2020-2026). This is attributed to rapidly evolving healthcare industry and increasing adoption of technologically advanced surgical procedures. A number of original equipment manufacturers (OEMs) and contract manufacturers have been focusing on advanced technologies such as robotics, 3D-printing, and minimally invasive surgeries. Mergers & acquisition activities among leading players have greatly accelerated
06-02-2020 | Health & Medicine
Fact.MR
Fluid Management Market Expected to Grow Amid Covid-19, Finds Fact.MR
Growing prevalence of chronic disease and an expansion in numbers of geriatric population is leading to an upward facing growth curve for global fluid management market over the period of 2020 to 2025, states Fact.MR. It projects a compound annual growth rate or CAGR of about 5.3% for the market over this period, helping the market push its worth up significantly. It is significant to note here that while number of

All 5 Releases


More Releases for Services

mHealth Services
Overview Paragraph The mHealth Services market report offers an outline of the industry, with comprehensive product and global market analysis. The analytical section provides a description of the goods and services key players focusing on in the mHealth Services market, while providing a type and application-based segmental analysis. The study also explores the global scope and viewpoint of the growth based on the segmental review. The study also looks at the
RPO SERVICES | Recruitment Process Outsourcing Services
RPO Services is a recruiting process outsourcing firm based in INDIA, providing services worldwide. RPO Services promises to reduce your recruitment cost and time more than 50% and increases your productivity by 50%. Together we will be 100% the perfect stop for your entire recruiting support. We have knowledge in providing an array of experts. RPO Services is into informing the marketplace regarding Recruitment Process Outsourcing (RPO) services, which include common
Redesigned Online Services | Transcription Services U.S.
Transcription Services U.S. offer unmatched quality and responsive services at very reasonable rates. We offer fluent and native experts who are committed to provide memorable translation and transcription services. Transcription Services U.S. is your ideal choice of company for certified Immigration translation, legal translation, audio and video translation, academic translation to mention but a few. Our capabilities will exceed your expectations and we deliver our projects on a prompt basis. Transcription
Dental Services Market: Coast Dental Services, Pacific Dental Services
HTF MI published a new industry research that focuses on Dental Services market and delivers in-depth market analysis and future prospects of Global Dental Services market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is
Authority Content Services Launched New Services
Indian content writing company, Authority Content Services, has opened its new website and made it open for the global audience. This is a major step for the company as the company has changed domain completely and now sports a professional look. Mahdi ul Baasit, the owner of Authority Content Services, spoke to the media enthusiastically about it. “We are ecstatic, to say the least, about the new launch. We have shifted
Outsourcing Services | Outsourcing Services
Intelgain Technologies, (previously known as Dynamic Web Technologies) is a certified Software solutions provider that delivers unique enterprise IT solutions, making your most complex, mission-critical projects simple and easy to handle. We partner you through strategic implementation of technology, backed by solid domain and industry expertise. Besides Custom Web, Bespoke Software Application development, we offer software consultancy, design, maintenance and support. We integrate, automate optimize Global business, using best-of-breed practices,