Hospice Market Scope and Size by 2031
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.
MARKET DYNAMICS
The hospice market is anticipated to grow in the forecast, owing to the factors such as increasing prevalence of life threatening diseases like, cancers, heart failure, end stage renal disease and others, growing adoption of hospice services, and rising number of organizations providing hospice services. Furthermore, increasing funds by government and private organizations to hospice centers is likely to pose growth opportunities for the market
MARKET SCOPE
The "Global Hospice Market Analysis to 2031" is a specialized and in-depth study of the Medical Device industry with a special focus on the global market trend analysis. The report aims to provide an overview of hospice market with detailed market segmentation by service type, type of care, end use facility and geography. The global Hospice market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Hospice market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hospice market is segmented on the basis of service type, type of care, and end use facility. Based on service type the market is segmented into nursing services, medical supply services, counselling services, short term inpatient services, physician services, physical therapy, speech therapy, spiritual therapy. Based on type of care the market is segmented into acute care, respite care. Based on end use facility the market is segmented into home settings, hospitals, specialty nursing homes, hospice care centers.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hospice market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hospice market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hospice market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Hospice market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hospice market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hospice market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hospice market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Hospice market in these regions.
MARKET PLAYERS
The reports cover key developments in the hospice market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from hospice market are anticipated to lucrative growth opportunities in the future with the rising demand for hospice market in the global market. Below mentioned is the list of few companies engaged in the Hospice market.
The report also includes the profiles of hospice market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amedisys
- LHC Group, Inc
- Curo Health Services
- AdventHealth Hospice Care Central Florida
- HCR ManorCare
- Seasons Hospice and Palliative Care
- AseraCare Hospice
- Crossroads Hospice
- AccentCare
- Accord Palliative and Hospice Care, Inc
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hospice Market - By Service Type
1.3.2 Hospice Market - By Type of Care
1.3.3 Hospice Market - By End Use Facility
1.3.4 Hospice Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOSPICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HOSPICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HOSPICE MARKET - GLOBAL MARKET ANALYSIS
6.1. HOSPICE - GLOBAL MARKET OVERVIEW
6.2. HOSPICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOSPICE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. NURSING SERVICES
7.3.1. Overview
7.3.2. Nursing Services Market Forecast and Analysis
7.4. MEDICAL SUPPLY SERVICES
7.4.1. Overview
7.4.2. Medical Supply Services Market Forecast and Analysis
7.5. COUNSELLING SERVICES
7.5.1. Overview
7.5.2. Counselling Services Market Forecast and Analysis
7.6. SHORT TERM INPATIENT SERVICES
7.6.1. Overview
7.6.2. Short Term Inpatient Services Market Forecast and Analysis
7.7. PHYSICIAN SERVICES
7.7.1. Overview
7.7.2. Physician Services Market Forecast and Analysis
7.8. PHYSICAL THERAPY
7.8.1. Overview
7.8.2. Physical Therapy Market Forecast and Analysis
7.9. SPEECH THERAPY
7.9.1. Overview
7.9.2. Speech Therapy Market Forecast and Analysis
7.10. SPIRITUAL THERAPY
7.10.1. Overview
7.10.2. Spiritual Therapy Market Forecast and Analysis
8. HOSPICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE OF CARE
8.1. OVERVIEW
8.2. TYPE OF CARE MARKET FORECASTS AND ANALYSIS
8.3. ACUTE CARE
8.3.1. Overview
8.3.2. Acute Care Market Forecast and Analysis
8.4. RESPITE CARE
8.4.1. Overview
8.4.2. Respite Care Market Forecast and Analysis
9. HOSPICE MARKET - REVENUE AND FORECASTS TO 2028 - END USE FACILITY
9.1. OVERVIEW
9.2. END USE FACILITY MARKET FORECASTS AND ANALYSIS
9.3. HOME SETTINGS
9.3.1. Overview
9.3.2. Home Settings Market Forecast and Analysis
9.4. HOSPITALS
9.4.1. Overview
9.4.2. Hospitals Market Forecast and Analysis
9.5. SPECIALTY NURSING HOMES
9.5.1. Overview
9.5.2. Specialty Nursing Homes Market Forecast and Analysis
9.6. HOSPICE CARE CENTERS
9.6.1. Overview
9.6.2. Hospice Care Centers Market Forecast and Analysis
10. HOSPICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Hospice Market Overview
10.1.2 North America Hospice Market Forecasts and Analysis
10.1.3 North America Hospice Market Forecasts and Analysis - By Service Type
10.1.4 North America Hospice Market Forecasts and Analysis - By Type of Care
10.1.5 North America Hospice Market Forecasts and Analysis - By End Use Facility
10.1.6 North America Hospice Market Forecasts and Analysis - By Countries
10.1.6.1 United States Hospice Market
10.1.6.1.1 United States Hospice Market by Service Type
10.1.6.1.2 United States Hospice Market by Type of Care
10.1.6.1.3 United States Hospice Market by End Use Facility
10.1.6.2 Canada Hospice Market
10.1.6.2.1 Canada Hospice Market by Service Type
10.1.6.2.2 Canada Hospice Market by Type of Care
10.1.6.2.3 Canada Hospice Market by End Use Facility
10.1.6.3 Mexico Hospice Market
10.1.6.3.1 Mexico Hospice Market by Service Type
10.1.6.3.2 Mexico Hospice Market by Type of Care
10.1.6.3.3 Mexico Hospice Market by End Use Facility
10.2. EUROPE
10.2.1 Europe Hospice Market Overview
10.2.2 Europe Hospice Market Forecasts and Analysis
10.2.3 Europe Hospice Market Forecasts and Analysis - By Service Type
10.2.4 Europe Hospice Market Forecasts and Analysis - By Type of Care
10.2.5 Europe Hospice Market Forecasts and Analysis - By End Use Facility
10.2.6 Europe Hospice Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Hospice Market
10.2.6.1.1 Germany Hospice Market by Service Type
10.2.6.1.2 Germany Hospice Market by Type of Care
10.2.6.1.3 Germany Hospice Market by End Use Facility
10.2.6.2 France Hospice Market
10.2.6.2.1 France Hospice Market by Service Type
10.2.6.2.2 France Hospice Market by Type of Care
10.2.6.2.3 France Hospice Market by End Use Facility
10.2.6.3 Italy Hospice Market
10.2.6.3.1 Italy Hospice Market by Service Type
10.2.6.3.2 Italy Hospice Market by Type of Care
10.2.6.3.3 Italy Hospice Market by End Use Facility
10.2.6.4 Spain Hospice Market
10.2.6.4.1 Spain Hospice Market by Service Type
10.2.6.4.2 Spain Hospice Market by Type of Care
10.2.6.4.3 Spain Hospice Market by End Use Facility
10.2.6.5 United Kingdom Hospice Market
10.2.6.5.1 United Kingdom Hospice Market by Service Type
10.2.6.5.2 United Kingdom Hospice Market by Type of Care
10.2.6.5.3 United Kingdom Hospice Market by End Use Facility
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Hospice Market Overview
10.3.2 Asia-Pacific Hospice Market Forecasts and Analysis
10.3.3 Asia-Pacific Hospice Market Forecasts and Analysis - By Service Type
10.3.4 Asia-Pacific Hospice Market Forecasts and Analysis - By Type of Care
10.3.5 Asia-Pacific Hospice Market Forecasts and Analysis - By End Use Facility
10.3.6 Asia-Pacific Hospice Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Hospice Market
10.3.6.1.1 Australia Hospice Market by Service Type
10.3.6.1.2 Australia Hospice Market by Type of Care
10.3.6.1.3 Australia Hospice Market by End Use Facility
10.3.6.2 China Hospice Market
10.3.6.2.1 China Hospice Market by Service Type
10.3.6.2.2 China Hospice Market by Type of Care
10.3.6.2.3 China Hospice Market by End Use Facility
10.3.6.3 India Hospice Market
10.3.6.3.1 India Hospice Market by Service Type
10.3.6.3.2 India Hospice Market by Type of Care
10.3.6.3.3 India Hospice Market by End Use Facility
10.3.6.4 Japan Hospice Market
10.3.6.4.1 Japan Hospice Market by Service Type
10.3.6.4.2 Japan Hospice Market by Type of Care
10.3.6.4.3 Japan Hospice Market by End Use Facility
10.3.6.5 South Korea Hospice Market
10.3.6.5.1 South Korea Hospice Market by Service Type
10.3.6.5.2 South Korea Hospice Market by Type of Care
10.3.6.5.3 South Korea Hospice Market by End Use Facility
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Hospice Market Overview
10.4.2 Middle East and Africa Hospice Market Forecasts and Analysis
10.4.3 Middle East and Africa Hospice Market Forecasts and Analysis - By Service Type
10.4.4 Middle East and Africa Hospice Market Forecasts and Analysis - By Type of Care
10.4.5 Middle East and Africa Hospice Market Forecasts and Analysis - By End Use Facility
10.4.6 Middle East and Africa Hospice Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Hospice Market
10.4.6.1.1 South Africa Hospice Market by Service Type
10.4.6.1.2 South Africa Hospice Market by Type of Care
10.4.6.1.3 South Africa Hospice Market by End Use Facility
10.4.6.2 Saudi Arabia Hospice Market
10.4.6.2.1 Saudi Arabia Hospice Market by Service Type
10.4.6.2.2 Saudi Arabia Hospice Market by Type of Care
10.4.6.2.3 Saudi Arabia Hospice Market by End Use Facility
10.4.6.3 U.A.E Hospice Market
10.4.6.3.1 U.A.E Hospice Market by Service Type
10.4.6.3.2 U.A.E Hospice Market by Type of Care
10.4.6.3.3 U.A.E Hospice Market by End Use Facility
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Hospice Market Overview
10.5.2 South and Central America Hospice Market Forecasts and Analysis
10.5.3 South and Central America Hospice Market Forecasts and Analysis - By Service Type
10.5.4 South and Central America Hospice Market Forecasts and Analysis - By Type of Care
10.5.5 South and Central America Hospice Market Forecasts and Analysis - By End Use Facility
10.5.6 South and Central America Hospice Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Hospice Market
10.5.6.1.1 Brazil Hospice Market by Service Type
10.5.6.1.2 Brazil Hospice Market by Type of Care
10.5.6.1.3 Brazil Hospice Market by End Use Facility
10.5.6.2 Argentina Hospice Market
10.5.6.2.1 Argentina Hospice Market by Service Type
10.5.6.2.2 Argentina Hospice Market by Type of Care
10.5.6.2.3 Argentina Hospice Market by End Use Facility
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. HOSPICE MARKET, KEY COMPANY PROFILES
12.1. AMEDISYS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. LHC GROUP, INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CURO HEALTH SERVICES
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ADVENTHEALTH HOSPICE CARE CENTRAL FLORIDA
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HCR MANORCARE
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. SEASONS HOSPICE AND PALLIATIVE CARE
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ASERACARE HOSPICE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. CROSSROADS HOSPICE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. ACCENTCARE
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ACCORD PALLIATIVE AND HOSPICE CARE, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Amedisys
2. LHC Group, Inc.
3. Curo Health Services
4. AdventHealth Hospice Care Central Florida
5. HCR ManorCare
6. Seasons Hospice and Palliative Care
7. AseraCare Hospice
8. Crossroads Hospice
9. AccentCare
10. Accord Palliative and Hospice Care, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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