Authored By: Sarah
08 Oct 2021

Hospice Market | Market Highlights and Insights to Recovery from COVID-19
Market Recovery and Growth Projections 2021-2025

The Global hospice market is expected to grow by $ 78.81 billion, accelerating at a CAGR of  3.93% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Hospice Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The Hospice Market is segmented by Service (medical supply services, physician services, and other services) and Geography (North America, Europe, Asia, and ROW).
  • In terms of geographic segmentation we found that 33% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Hospice Market size.

Hospice Market Size to Grow by $ 78.81 billion through 2021-2025 | Leading Segments and Market Trends

Hospice Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • A significant factor in driving the growth of the Hospice Market will be the increasing geriatric population.
  • Growing gross national income is another factor that will be instrumental in driving market growth during the forecast period.
  • High cost of healthcare is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

Hospice Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • AccentCare Inc., Amedisys Inc., COVENANT HEALTH AND COMMUNITY SERVICES INC., Crossroads Hospice and Palliative Care, Dierksen Hospice, LHC GROUP INC., National Association for Home Care and Hospice, ProMedica Health Systems Inc., and PruittHealth Corp. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 3.93%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 78.81 billion through 2021-2025.

     
  3. What is a key factor driving this market?
    Increasing geriatric population will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    33% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are AccentCare Inc., Amedisys Inc., COVENANT HEALTH AND COMMUNITY SERVICES INC., Crossroads Hospice and Palliative Care, Dierksen Hospice, LHC GROUP INC., National Association for Home Care and Hospice, ProMedica Health Systems Inc., and PruittHealth Corp.

     
  7. What are the market segments covered in this report?
    The market is segmented by Service (medical supply services, physician services, and other services) and Geography (North America, Europe, Asia, and ROW)
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