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Funeral Products and Services Market is Expected to Represent a Value of Nearly US$ 370,000 Mn by 2017-2022

03-05-2018 09:11 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

The scope of Fact.MR’s report is to analyze the global funeral products & services market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Funeral products & services manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to keyword. The report commences with a brief information of the global funeral products & services market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global funeral products & services market.

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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.

Performing Euthanasia Will Continue to Boost Global Sales

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.

Death Care Services to Create Lucrative Growth Opportunities

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.

Pre-Planning Funeral Services to Impact Global Market Growth

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. 

At-Need Planning to Represent a Leading Segment

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.

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Table of Content

Chapter 1 Global Market Outlook

Chapter 2 Global Funeral Products and Services Market - Executive Summary

Chapter 3 Global Funeral Products and Services Market Overview
3.1 Introduction
      3.1.1 Global Funeral Products and Services Market Taxonomy
      3.1.2 Global Funeral Products and Services Market Definition
3.2 Global Funeral Products and Services Market Size (US$ Mn) and Forecast, 2012-2022
      3.2.1 Global Funeral Products and Services Market Y-o-Y Growth
3.3 Global Funeral Products and Services Market Dynamics
3.4 Cost Structure
3.5 Market Trends
3.6 Key Facts
3.7 Buyer Trends
3.8 Porter’s Analysis
3.9 Causes of death by rate
3.10 Pricing Analysis
3.11 Deaths by Age Group
3.12 List of Suppliers/ Distributor
3.13 Value Chain Analysis
3.14 Key Participants in the Market by Region

Chapter 4 Global Funeral Products and Services Market Analysis and Forecast, 2012-2022
4.1 Global Funeral Products and Services Market Size and Forecast by Service Type, 2012-2022
      4.1.1 Traditional Market Size and Forecast, 2012-2022
              4.1.1.1 Revenue (US$ Mn) Comparison, By Region
              4.1.1.2 Market Share Comparison, By Region
              4.1.1.3 Y-o-Y growth Comparison, By Region
      4.1.2 Memorial Market Size and Forecast, 2012-2022
              4.1.2.1 Revenue (US$ Mn) Comparison, By Region
              4.1.2.2 Market Share Comparison, By Region
              4.1.2.3 Y-o-Y growth Comparison, By Region
      4.1.3 Immediate Market Size and Forecast, 2012-2022
              4.1.3.1 Revenue (US$ Mn) Comparison, By Region
              4.1.3.2 Market Share Comparison, By Region
              4.1.3.3 Y-o-Y growth Comparison, By Region

Continue…..

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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.

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