Market Overview:
The global hospice solutions market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for palliative care. In addition, technological advancements in hospice solutions are also contributing to the growth of the market. However, lack of awareness about hospice care among patients and caregivers is restraining the growth of this market. The global hospice solutions market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into continuous care Hospices Solutions (CCS), general hospital-based Hospices Solutions (GHBS), and others (including home-based Hospices Solutions). GHBS held a major share in 2017 owing to its ability to provide comprehensive end-of-life care across different settings such as hospitals or nursing homes. However, CCS is expected to grow at a higher rate during forecast period due its advantages such as provisioning seamless continuity across all settings including homecare visits and emergency room visits etc.
Product Definition:
Hospice Solutions is an end-of-life care provider that offers comfort, compassion and dignity to patients and their families. Hospice Solutions helps terminally ill patients live their last days with as much peace and comfort as possible.
Continuous Care:
Continuous care is a new term in the hospice industry and has been evolving over the past few years. It's usage has increased with growing demand for quality healthcare services at home, in nursing homes, assisted living facilities and other long-term care settings. The major factor responsible for its growth is increasing life expectancy which makes it mandatory to provide continuous care to patients or consumers as they may need it during their lifetime.
General Hospital Care:
General hospital care is the provision of acute care to patients. It includes diagnosis, treatment, and stabilization of conditions related to cardiovascular diseases, orthopedic problems, chronic respiratory diseases and infectious diseases. General hospital care can be provided in a variety of settings including hospitals and clinics as well as home healthcare facilities. Hospice solutions provide general hospital care along with other medical services such as medication management & counseling; disease prevention programs; wound healing therapies etc.
Application Insights:
The home application segment held the largest share of more than 60.0% in 2017. The growing use of smartphones, increasing number of deaths at home and a surge in the number of assisted living facilities are some factors that contribute to the large share held by this segment. In addition, an increase in spending capacity among high-income groups is expected to fuel growth over the forecast period.
Medical institutions accounted for a significant share owing to various factors such as rising awareness about end-of-life care and changing healthcare policies across various countries including India, China and Australia among others which encourage medical care at hospitals for terminal patients suffering from cancer or other life-threatening diseases.
Regional Analysis:
Europe dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness among people about advanced Hospice care and palliative care, supportive government initiatives, and availability of highly skilled physicians are some factors responsible for its large share. Moreover, increasing number of deaths due to COVID-19 pandemic are anticipated to boost the demand for hospice services in this region. For instance; as per CDC data around 60% - 70% deaths were reported from U.
Growth Factors:
- Increasing demand for hospice services due to the aging population and increasing prevalence of chronic diseases.
- Hospices are increasingly adopting technology to improve care quality and patient satisfaction, which is driving market growth.
- The increasing focus on value-based care is also contributing to the growth of the hospice solutions market as it encourages providers to offer more cost-effective hospice services.
- The growing trend of home healthcare is also benefiting the hospice solutions market as patients prefer receiving end-of-life care at home instead of in a hospital or nursing home setting.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospice Solutions Market Research Report
By Type
Continuous Care, General Hospital Care, Others
By Application
Home, Medical institutions, Others
By Companies
Wise Hospice Options, Collain Healthcare, R＆C Healthcare Solutions, Medline Industries, Inc, Home Care Solutions, Serenity Hospice Solutions, LifeCare Solutions Palliative and Hospice, Managed Health Solutions, LLC, INS Hospice, Comfort Plus Hospice, Wise Hospice Options
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Hospice Solutions Market Report Segments:
The global Hospice Solutions market is segmented on the basis of:
Types
Continuous Care, General Hospital Care, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Medical institutions, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wise Hospice Options
- Collain Healthcare
- R＆C Healthcare Solutions
- Medline Industries, Inc
- Home Care Solutions
- Serenity Hospice Solutions
- LifeCare Solutions Palliative and Hospice
- Managed Health Solutions, LLC
- INS Hospice
- Comfort Plus Hospice
- Wise Hospice Options
Highlights of The Hospice Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Continuous Care
- General Hospital Care
- Others
- By Application:
- Home
- Medical institutions
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospice Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospice Solutions is a hospice company that provides care and support to patients and their families during the last months or years of life. Hospice Solutions helps patients and their families find comfort in knowing they have access to quality care, regardless of their financial situation.
Some of the key players operating in the hospice solutions market are Wise Hospice Options, Collain Healthcare, R＆C Healthcare Solutions, Medline Industries, Inc, Home Care Solutions, Serenity Hospice Solutions, LifeCare Solutions Palliative and Hospice, Managed Health Solutions, LLC, INS Hospice, Comfort Plus Hospice, Wise Hospice Options.
The hospice solutions market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospice Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hospice Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospice Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hospice Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hospice Solutions Market Size & Forecast, 2018-2028
4.5.1 Hospice Solutions Market Size and Y-o-Y Growth
4.5.2 Hospice Solutions Market Absolute $ Opportunity
Chapter 5 Global Hospice Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hospice Solutions Market Size Forecast by Type
5.2.1 Continuous Care
5.2.2 General Hospital Care
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hospice Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hospice Solutions Market Size Forecast by Applications
6.2.1 Home
6.2.2 Medical institutions
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospice Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospice Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hospice Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Hospice Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hospice Solutions Market Size Forecast by Type
9.6.1 Continuous Care
9.6.2 General Hospital Care
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hospice Solutions Market Size Forecast by Applications
9.10.1 Home
9.10.2 Medical institutions
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hospice Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Hospice Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hospice Solutions Market Size Forecast by Type
10.6.1 Continuous Care
10.6.2 General Hospital Care
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hospice Solutions Market Size Forecast by Applications
10.10.1 Home
10.10.2 Medical institutions
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hospice Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hospice Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hospice Solutions Market Size Forecast by Type
11.6.1 Continuous Care
11.6.2 General Hospital Care
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hospice Solutions Market Size Forecast by Applications
11.10.1 Home
11.10.2 Medical institutions
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hospice Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Hospice Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hospice Solutions Market Size Forecast by Type
12.6.1 Continuous Care
12.6.2 General Hospital Care
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hospice Solutions Market Size Forecast by Applications
12.10.1 Home
12.10.2 Medical institutions
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hospice Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hospice Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hospice Solutions Market Size Forecast by Type
13.6.1 Continuous Care
13.6.2 General Hospital Care
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hospice Solutions Market Size Forecast by Applications
13.10.1 Home
13.10.2 Medical institutions
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospice Solutions Market: Competitive Dashboard
14.2 Global Hospice Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wise Hospice Options
14.3.2 Collain Healthcare
14.3.3 R＆C Healthcare Solutions
14.3.4 Medline Industries, Inc
14.3.5 Home Care Solutions
14.3.6 Serenity Hospice Solutions
14.3.7 LifeCare Solutions Palliative and Hospice
14.3.8 Managed Health Solutions, LLC
14.3.9 INS Hospice
14.3.10 Comfort Plus Hospice
14.3.11 Wise Hospice Options
