Technavio has been monitoring the hospice market and is forecast to grow by USD 111.1 bn during 2023-2028, accelerating at a CAGR of 4.88% during the forecast period. Our report on the hospice market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing geriatric population, increase in healthcare budgets by governments, and growing demand to prevent infections and ensure patient safety.
Technavio's hospice market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
3.86%
CAGR
4.88%
Incremental Value
$111.1bn
By End-user
Home settings
Hospitals
Specialty nursing homes
Hospice care centers
By Type
Nursing services
Medical supply services
Physician services
Other services
By Geography
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the increasing emphasis on person-centered care in hospice settings as one of the prime reasons driving the hospice market growth during the next few years. Also, expansion and growth of several healthcare domains and technological advancements in hospice sector will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the hospice market covers the following areas:
Hospice market sizing
Hospice market forecast
Hospice market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hospice market vendors that include Abode Hospice and Home Health, AccentCare Inc., Amedisys Inc., BRISTOL HOSPICE LLC, Brookdale Senior Living Inc., Caring Hospice Services, Chemed Corp., Compassus, Covenant Care, Crossroads Hospice, Four Seasons, Hospice of the Valley, Liberty HomeCare and Hospice Services , LifePoint Health Inc., PeaceHealth, Providence, Seasons Hospice, Silverado, Suncrest Hospice, and UnitedHealth Group Inc.. Also, the hospice market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global hospice market 2018 - 2022
4.2 End-user Segment Analysis 2018 - 2022
4.3 Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by End-user
6.1 Market segments
6.2 Comparison by End-user
6.3 Home settings - Market size and forecast 2023-2028
6.4 Hospitals - Market size and forecast 2023-2028
6.5 Specialty nursing homes - Market size and forecast 2023-2028
6.6 Hospice care centers - Market size and forecast 2023-2028
6.7 Market opportunity by End-user
7 Market Segmentation by Type
7.1 Market segments
7.2 Comparison by Type
7.3 Nursing services - Market size and forecast 2023-2028
7.4 Medical supply services - Market size and forecast 2023-2028
7.5 Physician services - Market size and forecast 2023-2028
7.6 Other services - Market size and forecast 2023-2028
7.7 Market opportunity by Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028