NEW YORK, Nov. 18, 2021 /PRNewswire/ -- The hospice market is expected to grow by USD 78.81 billion from 2020 to 2025, progressing at a CAGR of 3.93%, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the Y-O-Y growth rate.
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The hospice market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The hospice market report covers the following areas:
Hospice Market 2021-2025: Segmentation
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Hospice Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
The increasing geriatric population, growing gross national income, and increasing need for chronic healthcare will offer immense growth opportunities. However, high cost of healthcare, safety concerns of the patients, and lack of skilled professionals in emerging countries will challenge the growth of the market participants.
Hospice Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the hospice market, including 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. Backed with competitive intelligence and benchmarking, our research reports on the hospice market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Hospice Market 2021-2025: Regional Analysis
Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities. Based on geography, the hospice market has been segmented by service (medical supply services, physician services, and other services) and geography (North America, Europe, Asia, and ROW). According to our analysis, 33% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for hospice in North America. In addition, the region has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Moreover, the growing gross national income will facilitate the hospice market growth in North America.
Hospice Market 2021-2025: Key Highlights
Related Reports:
Hospice Market Scope |
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Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.93% |
Market growth 2021-2025 |
USD 78.81 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.41 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 33% |
Key consumer countries |
US, China, UK, Canada, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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. |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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