Hospice Services Market Report 2025 (Global Edition)

Global Hospice Services Market Report 2025 Market Size Split by Types Of Services Outlook: (Nursing Services, Medical Supply Services, Counseling Services, Short Term Inpatient Services, Physician Ser...

Hospice Services Market Report Description

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Hospice Services Market Insights Video

Competitive Landscape of the Hospice Services Market

In the Hospice Services market's competitive landscape, numerous key competitors are driving innovation and growth. Market rivalry is encouraging technological and design innovations to create Hospice services that fulfil both consumers’ wants and sustainability goals, keeping the market dynamic and competitive.

In March 2023, Despite the recent Supreme Court of India's judgment on end-of-life care, Pallium India discussed the procedural challenges that remain despite the relaxed regulations. The organization announced the Manjuthulli Art Exhibition & Sale to raise funds to support patient care. Additionally, the new edition of "Walk with the Weary" by Dr. M. R. Rajagopal was released at IAPCON 2023 in Bengaluru. IAPCON 2023 was attended by Pallium India team members, who concentrated on the advancements in palliative care, including the role of AI. A pre-conference workshop was conducted to improve the skills of palliative care nurses. (Source: https://palliumindia.org/2023/03/march-2023) In September 2024, PruittHealth formed a partnership with Southeast Georgia Health System to oversee two skilled nursing and rehabilitation centres in Brunswick and St. Marys, Georgia. This partnership optimizes operations and improves patient care by integrating PruittHealth's senior care expertise with Southeast Georgia Health System's clinical excellence. The centers will be renamed "PruittHealth – Brunswick at Southeast Georgia Health System" and "PruittHealth – St. Marys at Southeast Georgia Health System." Patients will have the opportunity to access a variety of services, such as skilled nursing, physical, occupational, and speech therapies, as well as supplementary PruittHealth services like outpatient therapy and home health. (Source: https://pruitthealth.com/news-list/PruittHealth-News6) In September 2022, LHC Group Inc. and the University of Maryland Medical System (UMMS) announced a joint venture to provide in-home healthcare services in various regions of Maryland. It is the objective of the partnership to enhance the availability of home-based care by utilizing the combined expertise of both organizations to deliver services that are both efficient and effective. Maryland's 20 counties, including Baltimore, will be served by the joint venture, which will be managed and majority-owned by LHC Group. $4.8 million in annual revenue is anticipated to be generated by the agreement. (Source: https://homehealthcarenews.com/2022/09/lhc-group-pens-joint-venture-agreement-with-university-of-maryland-medical-system/)

Top Companies Market Share in Hospice Services Industry: (In no particular order of Rank)

• Covenant Care (US)
• National Association for Home Care & Hospice. (US)
• Kindred Healthcare
• LLC (US)
• PruittHealth (US)
• Dierksen Hospice (US)
• Samaritan Health Services. (US)
• National Hospice and Palliative Care Organization (US)
• Oklahoma Palliative & Hospice Care. (US)
• Alzheimer's Association (US)
• VITAS Healthcare (US)
• LHC Group
• Inc. (US)
• Amedisys. (US)
• Brookdale Senior Living Inc. (US)
• EXTENDICARE. (Canada)
• Golden LivingCenters (US)
• HCR ManorCare USA
• Inc. (US)
• The Ensign Group
• Inc. (US)
• Living Assistance Services
• Inc (Canada).
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Hospice Services Market

Which Region Dominates the Hospice Services Market in 2024?

According to Cognitive Market Research, North America currently dominates the Hospice services market, and the region is expected to have significant growth during the projected period. An ageing population, increased awareness of end-of-life care options, and a well-established healthcare infrastructure are the primary factors driving the growth of the hospice services market in North America. This region prioritizes patient-centred care and benefits from established reimbursement mechanisms and insurance coverage, which enhances the integration of hospice services.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The hospice services market in Asia Pacific is experiencing growth due to the increasing prevalence of chronic illnesses, aging populations, and rising adoption rates. The market's expansion is further facilitated by the evolving healthcare infrastructure and cultural shifts toward the acceptance of hospice care, which present opportunities for providers to meet the increasing demand.

The current report Scope analyzes Hospice Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Hospice Services Market Analysis

According to Cognitive Market Research, the global Hospice Services market size was estimated at USD 4521.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1808.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Hospice Services market with a market size of USD 1426.99 million in 2024 and is anticipated to grow at a CAGR of 7.7% during the projected period. The United States has a robust healthcare infrastructure and an aging population.
• The Canada Hospice Services market had a market share of USD 217.03 million in 2024 and is anticipated to grow at a CAGR of 8.7% during the projected period. Canada’s rising State-of-the-art healthcare systems and robust government support.
• The Mexico Hospice Services market is anticipated to see growth at a CAGR of 8.4% during the projected period, with a market size of USD 164.58 million in 2024.

Europe Hospice Services Market Analysis

According to Cognitive Market Research, the global Hospice Services market size was estimated at USD 4521.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1356.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• The United Kingdom Hospice Services market had a market share of USD 227.88 million in 2024 and is anticipated to grow at a CAGR of 9.0% during the projected period. In the UK, Hospice Services sales see an upswing due to the Growing recognition of the advantages of palliative care.
• The France Hospice Services market is anticipated to see growth at a CAGR of 7.4% during the projected period, with a market size of USD 124.79 million in 2024.
• According to Cognitive Market Research, the German Hospice Services market size was valued at USD 268.58 million in 2024 and is anticipated to grow at a CAGR of 8.4% during the projected period. In Germany, Hospice Services surged due to Increased Healthcare innovations and technological advancements.
• The Italy Hospice Services market is anticipated to see growth at a CAGR of 7.6% during the projected period, with a market size of USD 116.65 million in 2024.
• The Russia Hospice Services market is anticipated to see growth at a CAGR of 7.2% during the projected period, with a market size of USD 210.25 million in 2024.
• The Spain Hospice Services market is anticipated to see growth at a CAGR of 7.3% during the projected period with a market size of USD 111.23 million in 2024
• The Luxembourg Hospice Services market is anticipated to see growth at a CAGR of 8.3% during the projected period, with a market size of USD 42.05 million in 2024.
• The Portugal Hospice Services market is anticipated to see growth at a CAGR of 8.0% during the projected period, with a market size of USD 28.49 million in 2024.
• The Greece Hospice Services market is anticipated to see growth at a CAGR of 8.5% during the projected period, with a market size of USD 16.28 million in 2024.
• The Rest of Europe's Hospice Services market is anticipated to see growth at a CAGR of 6.9% during the projected period, with a market size of USD 210.25 million in 2024.

Asia Pacific Hospice Services Market Analysis

According to Cognitive Market Research, the global Hospice Services market size was estimated at USD 4521.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1039.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.

• According to Cognitive Market Research, the China Hospice Services market size was valued at USD 467.98 million in 2024 and is anticipated to grow at a CAGR of 11.2% during the projected period. Hospice Services surged in China due to the Rising acceptance of hospice care and rapid industrialization.
• The Japan Hospice Services market is anticipated to see growth at a CAGR of 10.2% during the projected period, with a market size of USD 143.51 million in 2024.
• The India Hospice Services market had a market share of USD 124.79 million in 2024 and is anticipated to grow at a CAGR of 13.5% during the projected period. India's healthcare infrastructure is evolving and the prevalence of chronic illnesses is on the rise.
• The South Korean Hospice Services market is anticipated to see growth at a CAGR of 10.8% during the projected period, with a market size of USD 103.99 million in 2024.
• The Australian Hospice Services market is anticipated to see growth at a CAGR of 11.4% during the projected period, with a market size of USD 54.08 million in 2024.
• The South East Asia Hospice Services market is anticipated to see growth at a CAGR of 12.7% during the projected period, with a market size of USD 71.76 million in 2024.
• The Rest of Asia Pacific Hospice Services market is anticipated to see growth at a CAGR of 11.5% during the projected period, with a market size of USD 73.84 million in 2024.

South America Hospice Services Market Analysis

According to Cognitive Market Research, the global Hospice Services market size was estimated at USD 4521.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 226.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Hospice Services market size was valued at USD 96.76 million in 2024 and is anticipated to grow at a CAGR of 9.7% during the projected period. Hospice Servicess flourished in Brazil due to An increasing elderly population and enhancements to healthcare services.
• Argentina's Hospice Services market had a market share of USD 37.98 million in 2024 and is anticipated to grow at a CAGR of 10.0% during the projected period. Argentina's rising Government initiatives and an increasing demand for end-of-life care.
• Colombia Hospice Services market is anticipated to see growth at a CAGR of 8.9% during the projected period, with a market size of USD 20.12 million in 2024.
• Peru Hospice Services market is anticipated to see growth at a CAGR of 9.3% during the projected period, with a market size of USD 18.54 million in 2024.
• Chile Hospice Services market is anticipated to see growth at a CAGR of 9.4% during the projected period, with a market size of USD 16.28 million in 2024.
• The Rest of Latin America's Hospice Services market is anticipated to see growth at a CAGR of 8.2% during the projected period, with a market size of USD 36.40 million in 2024.

Middle East Hospice Services Market Analysis

According to Cognitive Market Research, the global Hospice Services market size was estimated at USD 4521.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 90.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031..

• The GCC Countries Hospice Services market is anticipated to see growth at a CAGR of 10.2% during the projected period, with a market size of USD 38.70 million in 2024. Hospice Services sales flourish due to the Increasing awareness of palliative care and investments in healthcare infrastructure.
• The Egypt Hospice Services market is anticipated to see growth at a CAGR of 9.7% during the projected period, with a market size of USD 9.50 million in 2024.
• The South Africa Hospice Services market is anticipated to see growth at a CAGR of 10.4% during the projected period, with a market size of USD 14.29 million in 2024. South Africa is embarking on the development of healthcare infrastructure and is placing a greater emphasis on the treatment of terminal illnesses.
• The Turkey Hospice Services market is anticipated to see growth at a CAGR of 8.9% during the projected period, with a market size of USD 7.78 million in 2024.
• The Nigeria Hospice Services market is anticipated to see growth at a CAGR of 8.5% during the projected period, with a market size of USD 9.50 million in 2024.
• The Rest of the MEA Hospice Services market is anticipated to see growth at a CAGR of 8.4% during the projected period, with a market size of USD 10.67 million in 2024.

Hospice Services Market Analysis

How are Segments Performing in the Global Hospice Services Market?

Hospice Services Market Types of Services Segment Analysis

According to Cognitive Market Research, Nursing Services are likely to dominate the Hospice Services Market over the forecast period. During end-of-life care, nursing services are indispensable for the provision of uninterrupted, personalized care to patients with terminal illnesses, thereby guaranteeing their comfort and quality of life.

The Short-Term Inpatient Services is the fastest-growing segment in the Hospice Services Market. The rapid development of this segment is being driven by the growing acceptance of hospice care and the increasing demand for specialized, intensive care for patients with acute medical conditions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hospice Services Industry. Request a Free Sample PDF!

Hospice Services Market Type of Care Segment Analysis

According to Cognitive Market Research, the Acute Care segment holds the largest share of the market. Acute care services are a critical component of hospice care, as they are necessary for the immediate and intensive medical treatment of patients with severe health conditions.

In the Hospice Services Market, the Respite Care sector has been expanding at a rapid pace. The rapid expansion of respite care services is being driven by the growing demand for a transient reprieve for primary caregivers of hospice patients. This form of care enables caregivers to take a break while ensuring that patients continue to receive the requisite support and care.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hospice Services Distribution Channels Outlook: Segment Analysis

Hospice Services Market Distribution Channels Segment Analysis

According to Cognitive Market Research, the Home Settings segment holds the largest market share. This is due to the fact that the majority of hospice care is administered in the patient's residence, which enables the provision of end-of-life care in a familiar and personalized setting.

In the Hospice Services market, the rapidly growing sector is the Hospice Care Centers category. The rapid expansion of hospice care centres is being driven by the growing demand for specialized facilities that can offer comprehensive care, which includes medical, emotional, and spiritual support.

• Home Settings
• Hospitals
• Specialty Nursing Homes
• Hospice Care Centers

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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