Press release
Global Hospice Care Market Projected to Reach $8.23 Billion by 2029: Chronic Diseases and Regulatory Changes Driving Growth, Key Trends, and Dominant Players
Hospice Care Market
Rapid Growth Expected for Hospice Care Market Owing to Aging Population, Medicare Coverage, Home-Based Care, Chronic Illness Management, and Emerging Technologies.
What Is The Projected Market Size Of The Global Hospice Care Market And Its Growth Rate?
The global hospice care market has witnessed a rapid growth pace and is projected to follow this trend in the future:
o The market size grew from $4.76 billion in 2024 to $5.33 billion in 2025 at a CAGR of 11.9%.
o By 2029, the market size is projected to reach $8.23 billion, growing at a CAGR of 11.5%.
The key drivers for this growth include an aging population, increased prevalence of terminal illnesses, adoption of a palliative care approach, expanded Medicare coverage, and a rise in home-based care.
What Is Driving The Growth In The Hospice Care Market?
The growth in the hospice care market is primarily driven by the rise in prevalence of chronic diseases, requiring long-term and continuous medical care. Chronic diseases have been on an upward trend due to various factors such as tobacco use, poor nutrition, physical inactivity, and excessive alcohol use. Hospice care is frequently opted by patients suffering from severe chronic diseases such as cancer. According to World Health Organization (WHO), chronic diseases or non-communicable diseases (NCDs) accounted for 41 million deaths in 2023, which is 74% of total deaths globally. These fatalities included various chronic conditions like cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes. The continuous increase in chronic disease prevalence is anticipated to propel the growth of the hospice care market in the foreseeable future.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=7429&type=smp
Who Are the Key Players Driving Hospice Care Market Growth?
Several key players are contributing to the hospice care market's growth:
o Dierksen Hospice
o Kindred at Home
o PruittHealth Inc.
o Covenant Care
o AseraCare Hospice
o Bristol Hospice
o Brookdale Hospice
o Capital Caring
o Community Hospice & Palliative Care
o Compassus
o Continuum Care Hospice
o Crossroads Hospice
o Encompass Health Corp.
o Four Seasons Hospice
o Gentiva Hospice
o Gilchrist Hospice Care
o Grace Hospice
o Halcyon Hospice & Palliative Care
What Are The Key Trends In The Hospice Care Market?
The hospice care market is witnessing the following key trends:
o Personalized care plan
o Holistic approach
o Pediatric hospice care
o Bereavement support
o Quality and outcome measures
Increased integration of telehealth technology and regulatory changes are also shaping the future of the hospice care market.
What Are The Segments Of The Global Hospice Care Market?
The global hospice care market 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 Centers.
Which Region Leads The Hospice Care Market?
North America was the largest region in the hospice care market in 2024, and it is expected to maintain its dominance. The report also covers key areas such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
Pre-Book the report for swift delivery: https://www.thebusinessresearchcompany.com/report/hospice-care-global-market-report
What Is Covered In The Hospice Care Market Global Market Report?
- Market Size Analysis: Analyze the Hospice Care Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hospice Care Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hospice Care Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hospice Care Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Learn More About The Business Research Company
The Business Research Company boasts over 15,000+ reports from 27 industries covering 60+ geographies and is renowned for its comprehensive, data-rich research and insights. With 1,500,000 datasets, in-depth secondary research, and unique insights from industry leaders, it provides the information needed to stay ahead. Its flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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 Global Hospice Care Market Projected to Reach $8.23 Billion by 2029: Chronic Diseases and Regulatory Changes Driving Growth, Key Trends, and Dominant Players here
News-ID: 3815923 • Views: …
More Releases from The Business research company
Increasing Prevalence Of Osteoarthritis In 3D Printed Medical Devices Market Eme …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the 3D Printed Medical Devices Market Through 2025?
The market size for 3D printed medical devices has seen explosive growth recently. The market is predicted to expand from its value of $3.32 billion in 2024 to reach $4.1 billion in 2025, showcasing a…
Transcranial Magnetic Stimulator Market Growth Accelerates: Strategic Forecast P …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Transcranial Magnetic Stimulator Industry Market Size Be by 2025?
The market for transcranial magnetic stimulators has seen substantial growth in the past few years. The market is projected to expand from $1.29 billion in 2024 to $1.39 billion in 2025, with a compound annual growth rate…
Surge In Gastrointestinal Surgery Procedures Fuels Growth In The Surgical Stapli …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Stapling Devices Market Size By 2025?
The market for surgical stapling devices has expanded significantly in recent years, with projections showing it growing from $4.16 billion in 2024 to $4.51 billion in 2025, a compound annual growth rate (CAGR) of 8.5%. The historical growth…
Future of the Smart Biopsy Devices Market: Trends, Innovations, and Key Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Smart Biopsy Devices Market Size Growth Forecast: What to Expect by 2025?
The market size for intelligent biopsy tools has been exhibiting solid growth in the past few years. It's expected to leap from $2.85 billion in 2024 to $3.01 billion in 2025, showcasing a compound annual growth rate…
More Releases for Hospice
Hospice Care Global Market Report 2024 by The Business Research Company | Dierks …
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…
Hospice Software Market Is Booming Worldwide: Optima Hospice, MedBillit, Homecar …
Advance Market Analytics published a new research publication on "Hospice Software Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hospice Software market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled…
Hospice Services Market Dynamics and Growth Progress 2022-2028 | Kindred Healthc …
The "Hospice Services Market" report describes in detail the demand and consumption of various products/services related to the market growth dynamics during the forecast period of 2022-2028. A detailed market assessment of the various opportunities in the market segment is expressed in terms of quantity. These are discussed in many sections, including constraints, challenges and opportunities, regional breakdown, and opportunity assessment. This global Hospice Services Market report guarantees rich data…
Hospice Services Market 2022-2028 Growth by Leading Firms: Kindred Healthcare, N …
The Hospice Services Market research report provides the best answers to many of the critical business questions and challenges. Furthermore, the data facts and figures gathered to produce this market report are obtained from trustworthy sources like journals, websites, mergers & newspapers, and other authentic sources. In addition, the Hospice Services Market research report also includes comparative pricing between major players, profit, and cost of the specified market regions.
The Hospice…
Hospice Market is Thriving with Rising Latest Trends by 2026 | Kindred Healthcar …
Hospice market is expected to register a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness and concerns regarding the health of patients.Global Hospice Market By Type of Care (Acute Care, Respite Care), Distribution Channel (Home Settings, Hospitals, Specialty Nursing Homes, Hospice Care Centers), Services (Nursing Services, Medical Supply Services, Counseling Services, Short Term Inpatient Services, Physician…
Hospice Market International and Regional Outlook to 2027 - HCR ManorCare, Seaso …
Hospice care centers offer care to patients who are in the final phase of a terminal illness. These care centers focus on providing comfort and quality life to patients and also offers complete medical, psychological, and spiritual support. Hospice patient is expected to live for six months, or even less, hence the hospice programs are home-based. However, these services are also provided in freestanding facilities, nursing homes, and hospitals.
“The…
