Hospice Market - Trends Forecast Till 2028

Hospice Market, By Offering (Pain and Symptom Control, Home Care and Inpatient Care, Spiritual Care, Coordination of Care, Respite Care, Bereavement Care, Others), Hospice Type (Home Hospice, Hospital-Based Hospices, Long Term Care Facility Based Hospices, Independently Owned Hospices), Service Areas (Home, Hospice Center, Hospital, Skilled Nursing Facility), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America

Published Date: September, 2020

Base Year Estimate: 2019

Report ID: D-HC-HM-34

Format:  

Number of Pages: 154

Domain: Healthcare

Hospice Market – Trends Forecast Till 2028

The global hospice market is anticipated to reach USD xx million by 2020 growing at a CAGR of 9.4% during the forecasting period, 2020-2028. Hospice is referred to as a place for providing end-of-life care to patients. The goal is for enabling patients to be comfortable and free of pain. Hospice care is generally home-based but these services can be provided in freestanding facilities, in nursing homes, or within hospitals. Factors such as the rising aged population and rise in awareness and adoption rate of hospice services are some of the major drivers for the hospice market

Hospice Market – Trends Forecast Till 2028

The global hospice market is segmented into therapy, treatment, application, end-user, and geography.

The therapy segment is sub-segmented into image-guided tumor therapies, RFA- radiofrequency ablation, and microwave ablation, cryoablation, and radiotherapy. Image-Guided Tumor Therapies segment is subsegment into a category that includes ablative therapies, transcatheter therapies. The transcatheter therapies segment is sub-segmented into devices that include tace-transarterial chemoembolization.  Tace-transarterial chemoembolization segment is sub-segmented into devices guidewires, introducers, catheters, microcatheters, microspheres, sirt-selective internal radiation therapy. The sirt-selective internal radiation therapy segment is sub-segmented into therapies namely the Radiotherapy segment is sub-segmented into internal beam radiotherapy, external beam radiotherapy, and systemic radiotherapy.

The treatment segment is sub-segmented into thermal ablation treatment, embolization microspheres, trans-arterial embolization, and others. Embolization microspheres segment is sub-segmented into agents namely doxorubicin, irinotecan, idarubicin, and epirubicin.

The application segment is sub-segmented into kidney cancer, lung cancer, liver cancer, bone metastasis, prostate cancer, and others.

The end-user segment is sub-segmented into hospitals, surgical and ablation centers, research and academic institutes, and others.

Geographically, the global hospice market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions 

North America region is the largest contributor to the hospice market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Key players in the global hospice market are Kindred Healthcare, National Hospice and Palliative Care Organization, Alzheimer’s Association, Benton Hospice Services, Oklahoma Hospice Care, New Hampshire Hospice and Palliative Care Organization, Dierksen Hospice, Covenant Care, Chatham-Kent Hospice, PruittHealth, Fairview Health Services and among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2017, Kindred Healthcare has announced the launch of an innovation division for care management programs, network development, product development, and the Kindred House Calls in-home primary care services.
  • In 2018, National Hospice has announced the launch of "My Hospice Campaign" for highlighting the value of the Medicare hospice benefit among policy and healthcare decision-makers to foster a policy environment that will support patient access to high quality, comprehensive hospice and palliative care

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

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In addition to the market data for the hospice market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirements.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the hospice market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global hospice market. Through secondary, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the hospice market.

The primary Respondent breakdown is provided below:

Hospice Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the hospice market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact the primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the hospice market so as to understand the trends and the factors involved in changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2020

USD XX million

Growth Rate

CAGR of XX.X% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year 

2019

Units Considered

Revenue in USD million and CAGR from 2020 to 2028

Report Segmentation

Therapy, Treatment, Application, End-User and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Kindred Healthcare, National Hospice and Palliative Care Organization, Alzheimer’s Association, Benton Hospice Services, Oklahoma Hospice Care, New Hampshire Hospice and Palliative Care Organization, Dierksen Hospice, Covenant Care, Chatham-Kent Hospice, PruittHealth, Fairview Health Services, and among others

Available Customization 

In addition to the market data for the hospice market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement.

 

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