Hospice care is a specialized form of care designed to enhance the quality of life for individuals facing advanced, life-limiting illnesses and their caregivers. The primary objective of hospice care services is to provide comfort to patients, allowing them to cherish their final stage of life.
The key categories of hospice care encompass nursing, medical supply, physician services, and additional services. Nursing services involve the assignment of case manager nurses to hospice patients, providing nursing care through regular visits, typically ranging from one to three days a week. Additionally, caregivers have access to an on-call nurse 24 hours a day, tailored to the specific needs of the patient. Hospice care can be administered in various settings, including homes, hospitals, specialized nursing homes, and dedicated hospice care centers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the healthcare sector, especially in the supply of essential medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are grappling with higher costs for imported surgical tools, imaging systems, and consumables like syringes and catheters, many of which have limited domestic substitutes. These escalating expenses are putting pressure on healthcare budgets, prompting some providers to delay equipment upgrades or pass increased costs on to patients. Furthermore, tariffs on raw materials and components are disrupting the manufacturing of vital drugs and devices, leading to supply chain delays. In response, the industry is adopting diversified sourcing strategies, expanding local production where feasible, and pushing for tariff exemptions on critical medical products.
The hospice care market research report is one of a series of new reports from The Business Research Company that provides hospice care market statistics, including hospice care industry global market size, regional shares, competitors with a hospice care market share, detailed hospice care market segments, market trends and opportunities, and any further data you may need to thrive in the hospice care industry. This hospice care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hospice care market size has grown rapidly in recent years. It will grow from $4.76 billion in 2024 to $5.31 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. 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 market size is expected to see rapid growth in the next few years. It will grow to $8.16 billion in 2029 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to continued aging population, chronic illness management, increasing telehealth integration, increasing regulatory changes, rising regulatory changes. Major trends in the forecast period include personalized care plan, holistic approach, pediatric hospice care, bereavement support, quality and outcome measures.
The forecast of 11.3% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. The imposition of tariffs may pose a significant challenge for U.S. hospice providers by increasing costs for palliative care medications and pressure-relief mattresses imported from Canada and the Netherlands, potentially compromising comfort care and raising end-of-life service expenses. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The hospice care market is set to witness significant growth due to the increasing prevalence of chronic diseases. Chronic diseases, lasting a year or more and requiring continuous medical care, are on the rise, driven by factors such as tobacco use, poor nutrition, physical inactivity, and excessive alcohol consumption. Hospice care, particularly for severe chronic conditions like cancer, becomes a crucial choice for many patients. The World Health Organization reported that 74% of total deaths globally are attributed to non-communicable diseases, underscoring the need for hospice care in addressing chronic conditions.
The aging population is a key factor propelling the growth of the hospice care market. With demographic shifts leading to a higher proportion of elderly individuals in societies, hospice care becomes essential for providing specialized support and comfort to those facing terminal illnesses. The World Health Organization projects a doubling of the global population aged 60 and above by 2050, reaching 2.1 billion, with the number of individuals aged 80 or older expected to triple during the same period.
The notable trend is the penetration of new technologies. Major companies are introducing innovative solutions, such as the use of machine learning tools to identify patients in need of hospice services earlier in their illness. For instance, Amedisys Inc. adopted Medalogix's Muse, utilizing machine learning to predict patient transitions and improve end-of-life care. This technology not only identifies patients requiring enhanced care but also better equips the care team to take timely action.
Major companies in the hospice care sector are focusing on developing innovative solutions like home-based hospice services to gain a competitive edge. Home-based hospice services offer specialized medical care and emotional support to terminally ill individuals in the comfort of their homes. Kaiser Permanente, a healthcare company, launched Care at Home, a home-based hospice service, allowing individuals with serious illnesses to receive comprehensive care in familiar surroundings. This approach aligns with Kaiser Permanente's integrated care delivery model, emphasizing comprehensive patient options throughout their care journey.
In February 2023, Optum, a US-based healthcare company, acquired LHC Group for $5.4 billion. This acquisition allows Optum to expand its home-based care services by utilizing LHC Group's network and expertise to enhance patient care throughout the U.S. LHC Group is a provider of home health and hospice services and is a national provider of hospice care based in the United States.
Major companies operating in the hospice care market include Dierksen Hospice, Kindred at Home, PruittHealth Inc., Covenant Care, AseraCare Hospice, Bristol Hospice, Brookdale Hospice, Capital Caring, Community Hospice & Palliative Care, Compassus, Continuum Care Hospice, Crossroads Hospice, Encompass Health Corp., Four Seasons Hospice, Gentiva Hospice, Gilchrist Hospice Care, Grace Hospice, Halcyon Hospice & Palliative Care, Harbor Light Hospice, Heartland Hospice, Hope Hospice, Hospice of Dayton, Hospice of the Chesapeake, Hospice of the Valley, Odyssey Healthcare, Ohio's Hospice, Pathways Home Health and Hospice, Premier Hospice and Palliative Care, Seasons Hospice & Palliative Care, Suncoast Hospice, Tidewell Hospice, VITAS Healthcare
North America was the largest region in the hospice care market in 2024. The regions covered in the hospice care market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the hospice care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The hospice care market includes revenues earned by entities by providing palliative care services, home and inpatient care services, spiritual care services, and coordination care services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hospice Care Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hospice care market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for hospice care ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hospice care market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered: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
Subsegments:
1) By Nursing Services: Skilled Nursing Care; Home Health Aide Services; Palliative Care Nursing
2) By Medical Supply Services: Durable Medical Equipment (DME); Medication Management And Supplies; Mobility Aids And Supplies
3) By Physician Services: On-Call Physician Services; Pain Management Consultation; Care Coordination Services
4) By Other Types of Services: Psychological And Counseling Services; Spiritual Care Services; Respite Care Services
Companies Mentioned: Dierksen Hospice; Kindred at Home; PruittHealth Inc.; Covenant Care; AseraCare Hospice; Bristol Hospice; Brookdale Hospice; Capital Caring; Community Hospice & Palliative Care; Compassus; Continuum Care Hospice; Crossroads Hospice; Encompass Health Corp.; Four Seasons Hospice; Gentiva Hospice; Gilchrist Hospice Care; Grace Hospice; Halcyon Hospice & Palliative Care; Harbor Light Hospice; Heartland Hospice; Hope Hospice; Hospice of Dayton; Hospice of the Chesapeake; Hospice of the Valley; Odyssey Healthcare; Ohio's Hospice; Pathways Home Health and Hospice; Premier Hospice and Palliative Care; Seasons Hospice & Palliative Care; Suncoast Hospice; Tidewell Hospice; VITAS Healthcare
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Table of Contents
1. Executive Summary
2. Hospice Care Market Characteristics
3. Hospice Care Market Trends And Strategies
4. Hospice Care Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
4.1. Supply Chain Impact from Tariff War & Trade Protectionism
5. Global Hospice Care Growth Analysis And Strategic Analysis Framework
5.1. Global Hospice Care PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Hospice Care Market Growth Rate Analysis
5.4. Global Hospice Care Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Hospice Care Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Hospice Care Total Addressable Market (TAM)
6. Hospice Care Market Segmentation
6.1. Global Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Nursing Services
Medical Supply Services
Physician Services
Other Type Of Services
6.2. Global Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Home Settings
Hospitals
Specialty Nursing Homes
Hospice Care Centres
6.3. Global Hospice Care Market, Sub-Segmentation Of Nursing Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Skilled Nursing Care
Home Health Aide Services
Palliative Care Nursing
6.4. Global Hospice Care Market, Sub-Segmentation Of Medical Supply Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Durable Medical Equipment (DME)
Medication Management And Supplies
Mobility Aids And Supplies
6.5. Global Hospice Care Market, Sub-Segmentation Of Physician Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
On-Call Physician Services
Pain Management Consultation
Care Coordination Services
6.6. Global Hospice Care Market, Sub-Segmentation Of Other Types of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Psychological And Counseling Services
Spiritual Care Services
Respite Care Services
7. Hospice Care Market Regional And Country Analysis
7.1. Global Hospice Care Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Hospice Care Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Hospice Care Market
8.1. Asia-Pacific Hospice Care Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Hospice Care Market
9.1. China Hospice Care Market Overview
9.2. China Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Hospice Care Market
10.1. India Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Hospice Care Market
11.1. Japan Hospice Care Market Overview
11.2. Japan Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Hospice Care Market
12.1. Australia Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Hospice Care Market
13.1. Indonesia Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Hospice Care Market
14.1. South Korea Hospice Care Market Overview
14.2. South Korea Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Hospice Care Market
15.1. Western Europe Hospice Care Market Overview
15.2. Western Europe Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Hospice Care Market
16.1. UK Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Hospice Care Market
17.1. Germany Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Hospice Care Market
18.1. France Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Hospice Care Market
19.1. Italy Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Hospice Care Market
20.1. Spain Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Hospice Care Market
21.1. Eastern Europe Hospice Care Market Overview
21.2. Eastern Europe Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Hospice Care Market
22.1. Russia Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Hospice Care Market
23.1. North America Hospice Care Market Overview
23.2. North America Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Hospice Care Market
24.1. USA Hospice Care Market Overview
24.2. USA Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Hospice Care Market
25.1. Canada Hospice Care Market Overview
25.2. Canada Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Hospice Care Market
26.1. South America Hospice Care Market Overview
26.2. South America Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Hospice Care Market
27.1. Brazil Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Hospice Care Market
28.1. Middle East Hospice Care Market Overview
28.2. Middle East Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Hospice Care Market
29.1. Africa Hospice Care Market Overview
29.2. Africa Hospice Care Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Hospice Care Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Hospice Care Market Competitive Landscape And Company Profiles
30.1. Hospice Care Market Competitive Landscape
30.2. Hospice Care Market Company Profiles
30.2.1. Dierksen Hospice Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Kindred at Home Overview, Products and Services, Strategy and Financial Analysis
30.2.3. PruittHealth Inc. Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Covenant Care Overview, Products and Services, Strategy and Financial Analysis
30.2.5. AseraCare Hospice Overview, Products and Services, Strategy and Financial Analysis
31. Hospice Care Market Other Major And Innovative Companies
31.1. Bristol Hospice
31.2. Brookdale Hospice
31.3. Capital Caring
31.4. Community Hospice & Palliative Care
31.5. Compassus
31.6. Continuum Care Hospice
31.7. Crossroads Hospice
31.8. Encompass Health Corp.
31.9. Four Seasons Hospice
31.10. Gentiva Hospice
31.11. Gilchrist Hospice Care
31.12. Grace Hospice
31.13. Halcyon Hospice & Palliative Care
31.14. Harbor Light Hospice
31.15. Heartland Hospice
32. Global Hospice Care Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Hospice Care Market
34. Recent Developments In The Hospice Care Market
35. Hospice Care Market High Potential Countries, Segments and Strategies
35.1 Hospice Care Market In 2029 - Countries Offering Most New Opportunities
35.2 Hospice Care Market In 2029 - Segments Offering Most New Opportunities
35.3 Hospice Care Market In 2029 - Growth Strategies