Hospice Services Market 2023 Driving Factors Forecast Research 2029

Hospice services market is anticipated to grow at a CAGR of 9.10% during the forecast period (2023-2030). The market's growth is attributed to number of chronic conditions seeking palliative care. Palliative care is necessary for a wide variety of chronic disorders and is additionally required for a limited number of diseases. Cardiovascular conditions, cancer, long-term respiratory conditions, HIV/ AIDS, diabetes, and other conditions can be among problems. Palliative care services are in increasing demand as the number of chronic diseases globally rises, and that makes them a crucial component of healthcare delivery. According to the World Health Organization (WHO), in August 2020, palliative care is a right that is protected under the human right to health and should be tailored to individual needs and preferences. Many types of chronic conditions require palliative care, such as cardiovascular diseases (38.5%), cancer (34.0%), chronic respiratory diseases (10.3%), AIDS (5.7%) and diabetes (4.6%). Additionally, pain and difficulty in breathing are two of the most frequent symptoms experienced by patients in requirement of palliative care, with 80.0% of AIDS or cancer patients and 67% of cardiovascular disease or chronic obstructive pulmonary disease (COPD) patients experiencing moderate to severe pain at the end of their lives.

Get Free Sample link @ https://www.omrglobal.com/request-sample/hospice-services-market

The global hospice services market is segmented on the services, care type, and end-user. Based on the services, the market is sub-segmented into nursing services, medical equipment and supplies, counseling services, short term inpatient services, physician services, and others. Based on the care type, the market is sub-segmented into acute care, and respite care. Furthermore, on the basis of end-user, the market is sub-segmented into home settings, hospitals, specialty nursing homes, hospice care centers, and others. The acute care subcategory is expected to capture a significant portion of the market share within the care type segment. This is attributed to the significant increase in the number of patients suffering from long-term conditions such diabetes, heart disease, stroke, and cancer. Furthermore, more technological developments aimed at raising treatment quality are anticipated to drive this market's expansion.

full report of Hospice Services Market available @ https://www.omrglobal.com/industry-reports/hospice-services-market

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Hospice Services Market by Services
o Nursing Services
o Medical Equipment and Supplies
o Counseling Services
o Short Term Inpatient Services
o Physician Services
o Others (Spiritual Care, and Bereavement Support)

Global Hospice Services Market by Care Type
o Acute Care
o Respite Care

Global Hospice Services Market by End-User
o Home Settings
o Hospitals
o Specialty Nursing Homes
o Hospice Care Centers
o Others (Government & Regulatory Bodies, and Family Members & Caregivers)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Covenant Care California, LLC
o Ensign Group, Inc.
o Extendicare
o HCR Healthcare, LLC
o Knight Health Holdings, LLC
o LHC Group
o Living Assistance Services
o National Association for Home Care & Hospice
o National Hospice & Palliative Care Organization's (NHPCO)
o Oklahoma Palliative & Hospice Care
o PruittHealth, Inc.
o Samaritan Health Services
o VITAS Healthcare

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global hospice services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hospice-services-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

This release was published on openPR.