USD 75.3 billion
Report ID:
SQMIG35E2055 |
Region:
Global |
Published Date: June, 2025
Pages:
195
|Tables:
88
|Figures:
71
Global Hospice Market size was valued at USD 75.3 billion in 2023 and is poised to grow from USD 82.38 billion in 2024 to USD 169.02 billion by 2032, growing at a CAGR of 9.4% during the forecast period (2025-2032).
The global hospice market growth is being fuelled by the increasing worldwide prevalence of terminal illnesses like cancer, Alzheimer’s disease and chronic heart failure. The growing elderly population is anticipated to significantly contribute to the heightened use of hospice services across North America, Europe and certain regions of Asia-Pacific. Governments and health organizations are anticipated to enhance market growth by offering additional funding and reimbursement systems for hospice and palliative care services.
For instance, in January 2024, the U.S. Centres for Medicare & Medicaid Services (CMS) broadened its value-based insurance design model to incorporate tele hospice and home care, enhancing access to these services and minimizing unnecessary hospital admissions.
The hospice industry has witnessed several advancements and innovations that have spurred technological advancement. One significant advancement in this market is telehospice, which enables patients to receive compassionate care remotely from their homes.
Tele hospice enables patients to access hospice care through registered nurse practitioners, physicians, and counsellors via telehealth technology. This technology encompasses safe video conferencing digital symptom monitoring and tracking, as well as virtual discussions with doctors, nurses, and counsellor consultations. Tele hospice is essential in rural and underserved regions, where there are no hospice facilities to offer specialized hospice care and services. Tele hospice offers immediate digital tracking of pain and symptoms for patients, enabling intervention to take place before a critical hospital admission becomes necessary.
What Makes AI Integration Important for the Future of Hospice Care Delivery?
Artificial Intelligence (AI) plays a crucial role in the future of hospice care by facilitating more proactive, individualized, and efficient service delivery to patients with terminal illnesses. Hospice providers can now leverage artificial intelligence to analyze vast quantities of patient data, recognize patterns forecast when a patient's symptoms might worsen, and update care plans in real time. Natural Language Processing (NLP) can analyze notes from clinicians and messages from patients, to investigate hidden alterations in clinical conditions or emotional needs. This kind of predictive analysis enhances patient outcomes via preventive measures or medication, while preventing missed hospital visits or family distress, enhancing quality of life in a person's final days.
For instance, IBM Watson’s NLP tools scan hospice patient emails, clinician notes, and family feedback to detect subtle changes in phrases like “I feel more tired” or “pain is sharper.” This flags unmet needs (depression, uncontrolled symptoms) for faster social workers or physician intervention.
Market snapshot - 2025-2032
Global Market Size
USD 75.3 billion
Largest Segment
Home setting hospice
Fastest Growth
hospice care centres
Growth Rate
9.4% CAGR
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Global Hospice Market is segmented by Services, Care Type, Application and region. Based on Services, the market is segmented into Nursing Services, Medical Supply Services, Counseling Services, Short Term Inpatient Services, Physician Services and Others. Based on Care Type, the market is segmented into Acute Care and Respite Care. Based on Application, the market is segmented into Home Settings, Hospitals, Specialty Nursing Homes and Hospice Care Centres. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Home setting hospice care dominated with the largest hospice market share, as patients and families greatly favor it within a comforting home setting when appropriate for their needs. In addition, a home setting enhances emotional and psychological health and is more economical compared to other forms of care. The emergence of telehealth mobile hospice teams and remote monitoring technologies have in my opinion enhanced the quality of home care and enabled quicker interventions and continuous communication with providers. There is also a greater likelihood that multiple governments and insurance programs will boost backing for home-based services due to fewer hospitalizations and improved patient satisfaction. For instance, In 2024, Amedisys one of the largest hospice providers in the U.S. reported a notable rise in the number of patients signed up for home-based hospice services after launching a new digital care coordination platform. The platform's utilization enhanced care teams' capability to organize home visits, facilitated the tracking of medications, and enabled improved patient supervision. This indicates that larger companies in the hospice sector are utilizing technology to highlight the benefits of home care services.
Whereas the demand for hospice care centres is predicted to drive growth due to the increasing complex end-of-life care needs, particularly for patients requiring specialized pain management or 24/7 medical support. AI-driven tools for staff optimization and predictive care enhance efficiency, making these centres a critical option for families seeking structured, high-quality terminal care.
As per the global hospice market forecast, nursing services are the predominant service in the hospice market because they fulfil the core clinical and daily care needs for terminally ill patients who often require ongoing pain management, symptom management, and personal care. While all hospice services are critical to care, nursing incorporates medical training into the physical aspects of patient care, such as medication administration, wound care, and vital sign checks. These pieces of care make a significant difference in terminally ill patients' comfort and dignity. The expansion of home-based hospice care will only increase the demand for nursing services, and families will look to hire professional care from skilled nurses who are capable of providing that care at home.
Whereas the demand for counselling services in the hospice industry is increasing, it's becoming more recognized by both patients and families. As end-of-life care becomes more holistic and focused on systemic well-being, grief counselling and spiritual counselling and therapy sessions are being incorporated into hospice program services.
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As per the 2024 hospice market regional forecast, North America led the hospice market due to its well-established healthcare infrastructure supportive regulatory environment and the high awareness and acceptance of hospice and palliative care services. The United States has the highest robust framework in place through Medicare’s Hospice Benefit which covers a wide range of services including nursing physician care, counselling and medical equipment for the treatment of ill patients. This comprehensive reimbursement system has significantly reduced the financial barriers and helps to allow more patients to access hospice care, especially in home settings which are the most preferred in the region.
The US hospice industry remains a healthy sector, with growth is fuelled by Medicare's comprehensive hospice benefit which combined with the national availability accounts for the breadth of services including numerous nurse visits, physician care, counselling and medical equipment for dying patients. The U.S. is also a leader in tele hospice and other digital health integration which allows for care in rural and underserved communities and promotes care efficiency and outreach for hospice providers. Large companies like Amedisys, VITAS Healthcare and Inhabit Home Health & Hospice continue to innovate and expand geographically which strengthens the U.S. dominant position in this global market.
Canada's digital hospice market is experiencing steady growth especially in Toronto and Vancouver. The Canadian Hospice Palliative Care Association (CHPCA) champions and supports initiatives involving, hospice care in Canada. Their fact sheet highlights hospice palliative care in Canada, along with pertinent information for potential patients, caregivers and clinical professionals. The growth is driven by the aging population, increased prevalence of chronic illnesses and the growing emphasis on patient cantered end of life care.
As per the hospice market outlook, Asia-Pacific is the fastest-growing region because its growth is fueled by significant population aging, increasing incidences of cancer and chronic disease, and changing cultural acceptance of palliative care. Japan, Australia and South Korea have come a long way in developing hospice programs that are supported by national healthcare funding mechanisms and the increasing interest of NGOs.
The Japanese hospice industry is known for its application in population as over 30% of Japan's population is aged, which leads to increasing demand for end-of-life care services including cancer and chronic respiratory illness. To confront that demand the government of Japan has developed the initiative the Palliative Care Implementation Plan, which will expand accessibility disseminate appropriate treatment and embed palliative care medicine into health care. Advanced technology and tele health specifically remote patient monitoring will help Japan to continue its transition of its palliative care system, because the continuation of care could be facilitated to the rural and underserved.
The China hospice industry is known for its application in population, which leads to increasing demand for end-of-life care services including cancer and chronic respiratory illness. The Chinese government has now included hospice services as part of its national health agenda, including community based palliative care services and long-term care services into public hospitals and other long term care facilities. Additionally, non-government organizations (NGOS) and academic institutions have been involved in training medical staff and stimulating public education around hospice services.
Europe is an advanced but developing region as per the hospice market regional outlook. The region is witnessing digital health services primarily through telemedicine monitoring remotely, and assessment of hospice services with artificial intelligence is booming. With these digital health services providers can see if a patient's health modifies the delivery of treatment and medication in real time, and to communicate better with families. In general patients can access hospice care and receive quality end-of-life care, where the family is meaningfully involved.
Hospital hospice services are now the fastest growing area of long-term care in the UK. This is attributable to many things, especially the National Health Service (NHS) trying to realize a more integrated approach to end-of-life care through palliative care services, that allow patients to access care in their homes. Also, there is a shift in hospices toward home based hospice care, supported by telehealth and health digital technologies that enhance remote monitoring and virtual appointments.
In Netherlands several advancements of technology have been done. The government is an enabler of hospice services with clearly articulated regulatory policies and funding backing, while the providers (e.g. Careyn, Cordaan, Home Instead) provide care delivered in various settings. Current trends are oriented in the direction of tele hospice services, and the trend towards providing palliative care at home, both of which align with comfort for patients and minimizing costs.
The hospice market in Germany is growing rapidly in area due to an aging population, higher rates of chronic illnesses, home-based palliative care being the preferred setting for patients. The hospice service sector is one of the growing sectors in the country. Germany's healthcare systems will continue to be reshaped by shifting demands for more patient-centered, tailored and compassionate end-of-life care in familiar places. The demand for hospice services underscores the ongoing importance of accessible, patient-centered hospice services.
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The global hospice industry is highly competitive and notably dynamic. A shift towards home-based hospice care is taking place with tele hospice services and health technologies, but being regulations compliant, and resource constrained in many regions is still a significant barrier.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the hospice market trend is rapidly evolving driven in chiefly by mounting requirements for end-of-life. However, the cost of implementing high level systems is a significant hindrance. North America is the market leader due to the strength of its healthcare infrastructure and research and development spending, and optical tracking systems are the technology leaders. Artificial intelligence and augmented reality integration is the most revolutionary trend, since it has the potential to improve end-of-life outcomes through computer vision, and real time navigation. Despite the economic recession felt in some markets, the hospice market will be expanding in the near future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 75.3 billion |
Market size value in 2032 | USD 169.02 billion |
Growth Rate | 9.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Hospice Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hospice Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hospice Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hospice Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Global Hospice Market size was valued at USD 41.2 billion in 2023 and is poised to grow from USD 44.8 billion in 2024 to USD 76.5 billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
'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 hospice industry trend is experiencing a dramatic change fuelled by rapid advancements in technology that help revolutionize the hospice industry by improving the quality of access and delivering end-of-life care. Tele hospice services electronic health records (EHRs) and remote patient monitoring help streamline and coordinate care across multiple healthcare providers, while also allowing personalized and immediate assistance to the patients wherever they are in end-of-life care at home.
Shift Toward Home-Based and Community-Centered Care: The shift to home-based hospice programs is increasing for patients, because they feel more at ease at home. Telehealth and remote monitoring are changing the delivery of care models of hospice services, by allowing patients to receive their completed plan of care remotely, while still receiving complete care. The increasing trend of using home-based hospice to improve patient satisfaction and even decrease hospital admissions in patients, demonstrating improved care.
Why Does North America Lead the Hospice Market?
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