#U.S. Hospice Market Growth

[industryinsightsandanalysis]

U.S. Hospice Market: Trends, Drivers, and Future Outlook

The U.S. hospice marketis poised for significant growth, with an anticipated compound annual growth rate (CAGR) of around 8% during the forecast period. Hospice care, a specialized type of care for patients in the terminal phase of their life, emphasizes comfort and quality of life for patients and their families. The burgeoning demand for hospice care is driven by several factors, including the aging population and the rising prevalence of chronic diseases. This article delves into the key market drivers, segmentation, geographic trends, and major players shaping the future of the U.S. hospice market.

Key Market Drivers

1. Aging Population:

The demographic shift towards an older population is one of the primary drivers of the hospice market. The United States is experiencing a significant increase in the geriatric population. According to the United Nations World Population Ageing 2019 report, the 65+ population in the U.S. was 53.3 million in 2019 and is projected to reach 84.8 million by 2050. Older adults are more prone to life-limiting illnesses, thereby increasing the demand for hospice care.

2. Prevalence of Chronic Diseases:

Chronic diseases such as cancer, cardiovascular diseases (CVD), chronic respiratory diseases, and chronic kidney diseases are on the rise. Nearly half of the U.S. adult population has some form of CVD, and by 2035, more than 135 million adults, or 45.1% of the population, are expected to have CVD. Similarly, cancer remains a leading cause of death, with the World Health Organization (WHO) reporting around 2.09 million cases of lung cancer globally in 2018. The rising incidence of these chronic conditions necessitates enhanced hospice care services.

3. Shift towards Home Care:

There is a growing preference for home-based hospice care among patients and families. Home care settings offer a comfortable and familiar environment, personalized care, and a cost-effective alternative to long-term hospital stays. The Centers for Disease Control and Prevention (CDC) reported an increase in the number of hospice care agencies from 4,300 in 2016 to 4,500 in 2018, reflecting this trend.

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Market Segmentation

By Diagnosis:

The hospice market is segmented based on the diagnosis into cancer, cardiovascular diseases, chronic respiratory diseases, chronic kidney diseases, and others.

Cancer:

The cancer segment is expected to witness considerable growth due to the increasing number of cancer cases among the elderly population. Advancements in cancer treatments and surgeries further drive the need for hospice care to support patients during their final stages of life.

Cardiovascular Diseases:

The high prevalence of cardiovascular diseases contributes significantly to the hospice market, as patients with severe heart conditions often require end-of-life care.

By Provider:

The market is categorized by provider into hospitals & nursing homes, home care settings, and others.

Home Care Settings:

This segment is anticipated to grow substantially due to the preference for home-based care. Home hospice care allows patients to spend their final days in a familiar environment with their loved ones, supported by professional caregivers.

Geographic Trends

Geographically, the U.S. hospice market is analyzed across major states, including California, Texas, Florida, New York, and Pennsylvania.

California: California holds the largest market share due to its high number of healthcare facilities and treatment options. The states large and growing elderly population, combined with a high prevalence of chronic diseases, drives the demand for hospice care services. The presence of a significant number of hospitals and advanced medical infrastructure further bolsters the market in California.

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Conclusion

The U.S. hospice market is set for robust growth, driven by the aging population, increasing prevalence of chronic diseases, and the shift towards home-based care. With advancements in healthcare and a growing emphasis on quality of life for terminally ill patients, the demand for hospice services is expected to rise significantly. Major market players are continually innovating to meet this demand, ensuring that patients receive compassionate and comprehensive end-of-life care.

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[health-views-updates]

Palliative Care Market Goes Global: Analyzing Trends and Key Players

The global Palliative Care Market Revenue, valued at USD 10.7 billion in 2023, is expected to witness significant growth, reaching USD 23.34 billion by 2032. This reflects a compound annual growth rate (CAGR) of 9.06% over the forecast period from 2024 to 2032. The market's expansion underscores a growing awareness and demand for palliative care services that prioritize patient comfort, symptom management, and overall quality of life.

Market Dynamics and Growth Drivers

Palliative care is a specialized medical approach focused on improving the quality of life for patients with serious, life-limiting illnesses. It provides comprehensive support that addresses the physical, emotional, and psychological needs of patients and their families. With a rise in the prevalence of chronic diseases, including cancer, cardiovascular disorders, and neurological conditions, there is an increasing demand for palliative care services across the world. This trend is a key driver of market growth, as healthcare providers and organizations seek to offer holistic and patient-centric care.

The aging global population is also a critical factor contributing to market expansion. As the number of elderly individuals rises, so does the incidence of chronic, progressive illnesses, leading to an increased need for palliative care solutions. Moreover, a growing awareness about the benefits of early palliative care intervention, which can significantly enhance patient outcomes and reduce the burden on healthcare systems, is further propelling the market.

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Key Market Trends

The palliative care market is experiencing several notable trends that are shaping its growth trajectory.

One of the key trends is the integration of palliative care with standard treatment protocols. Healthcare providers are increasingly incorporating palliative care early in the treatment process to manage symptoms, reduce pain, and improve the patient’s quality of life. This integration ensures that patients receive continuous and coordinated care, even as their treatment goals evolve.

Another trend is the expansion of palliative care services beyond traditional hospital settings. There is a growing shift towards providing palliative care at home, in hospices, and within community-based settings. This trend is driven by the preference of patients to receive care in familiar environments, coupled with advancements in telehealth and remote monitoring technologies that enable healthcare professionals to deliver high-quality palliative care services remotely.

Governments and healthcare organizations across the globe are also playing a vital role in driving market growth. Many countries are investing in palliative care training programs for healthcare professionals, raising awareness among patients and families, and establishing policies that support the integration of palliative care into national healthcare systems.

Regional Insights

North America held a dominant share in the palliative care market in 2023, supported by a well-developed healthcare infrastructure, high prevalence of chronic illnesses, and an increasing adoption of palliative care services. The U.S., in particular, is a major contributor to market revenue, due to its aging population and strong support for end-of-life care services.

Europe is also a significant market for palliative care, with countries like the UK, Germany, and France prioritizing the expansion of palliative care services. The region's robust healthcare policies and a higher level of awareness about palliative care contribute to its market position.

The Asia-Pacific region is projected to witness the highest growth rate over the forecast period. Factors such as increasing healthcare expenditure, rising incidence of chronic diseases, and growing acceptance of palliative care are driving market growth in countries like China, India, and Japan. The need to improve healthcare services for an aging population is further contributing to the region's expansion.

Key Players in the Market

The palliative care market features several key players who are actively working to improve service quality and expand their reach. Major organizations include VITAS Healthcare, Kindred Healthcare, Genesis Healthcare, Amedisys, and National Hospice and Palliative Care Organization (NHPCO). These companies are focusing on strategic initiatives, such as mergers and acquisitions, partnerships, and service diversification, to strengthen their market position.

Conclusion

The global Palliative Care Market is set to grow substantially over the next decade, driven by rising awareness, the integration of early palliative care, and advancements in home-based care solutions. As healthcare systems continue to recognize the importance of quality of life for patients with serious illnesses, the demand for comprehensive and compassionate palliative care services will increase, offering significant growth opportunities for market players.

[rohit0024]

U.S. Hospice Market Size To Reach $65.0 Billion By 2030

October 2024 | Report Format: Electronic (PDF) U.S. Hospice Market Growth & Trends The U.S. hospice market size is expected to reach USD 65.0 billion by 2030, growing at a CAGR of 8.07% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth can be attributed to the growing geriatric population and the increasing prevalence of chronic disorders amid this demographic.…

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Home Healthcare Market Research, Size, Share & Trends Analysis Report, 2032

Market Scope

The Home Healthcare Market Size was assessed at USD 216.0 billion in 2021, and it is expected to rise from USD 246.1 billion in 2022 to USD 661.12 billion by 2030, representing a compound annual growth rate (CAGR) of 7.14% over the forecast period (2022- 2030).

Drivers and Restrains Impacting Home Healthcare Market

The rise of the global home healthcare market can be attributed to factors, such as; adoption of advanced technology in healthcare and diagnosis equipment and introduction of initiatives by governments to encourage home healthcare solutions. On the contrary, the home healthcare market is anticipated to face challenges and restraints owing to rising about patient safety and high healthcare costs. However, the expansion of the geriatric population in can support the market rise in years to come.

Segment Analysis of Home Healthcare Market

The home healthcare market segment study is based on product, software, and service.

By products, the segments of the home healthcare market study are screening, therapeutic and testing, and monitoring products. The segment of therapeutic and testing is sub-segmented into respiratory therapy equipment, dialysis equipment, insulin delivery devices, IV equipment, and wound care products among others. The segment of monitoring products is sub-segmented into event monitors, holter, sleep apnea monitors, pulse oximeters & heart rate monitors, blood pressure monitors, blood glucose monitors, and cholesterol monitoring devices among others.

By software, the home healthcare market study is segmented into hospice solutions, agency software, telehealth solution, and clinical management systems. The telehealth solution segment can rise at high growth pace over the years to come.

By services, the global home healthcare market research is segmented into unskilled care services, skilled nursing services, rehabilitation therapy services, respiratory therapy services, infusion pregnancy care services, and therapy services. The expansion of the respiratory therapy services to support market.

Regional Assessment of Home Healthcare Market

The growing concerns regarding authenticity and safety of treatment are encouraging innovations that can influence the home healthcare market expansion in different regions across the globe. The market research report reveals that companies in the global home healthcare market can be supported by new revenue sources that are utilized by key market players and the surging investment over the forecast term. The regional analysis of the market is spread across Europe, North America, and Asia-Pacific among other. As per market study, the home healthcare market is set to experience a tremendous growth across software, product, service, and region segments. The home healthcare market in North America region covers the United States, and Mexico and Canada. Businesses present in this regional market are profiled for their strategies and are presented in detail in this market report. The home healthcare market in the European region covers Germany, Italy, France, and the United Kingdom. Further, the market research report offers details on the APAC region that spans across China, Japan, India, Australia, and others. The market active across other parts of the world, such as; Middle East, Brazil, and Africa, others in the home healthcare market are also studied.

Competitive Landscape of Home Healthcare Market

Some reputed companies that are functioning in the home healthcare market include Abbott (U.S.), Koninklijke Philips N.V. (The Netherlands), Fresenius SE & Co KGaA (Germany), F. Hoffmann-La Roche AG (Switzerland), GE Healthcare (U.S.), A&D Company (Japan), B. Braun Melsungen AG (Germany), McKesson Corporation (U.S.), Omron Corporation (Japan), Becton Dickinson Company (U.S.), LG Electronics (South Korea), Medtronic PLC (U.S.), Apple (U.S.), Kinnser Software (U.S.), and 3M (U.S.) and others. Eminent players are engaged in launching new products and entering partnerships in the global market and to expand their consumer base.

The report offers vivid profiles on market players and study their current scenario in the market. History of companies coupled with their annual turnover, segmental share, profit margins, growth strategies, SWOT analysis, mergers and acquisitions (M&A) activities, new product launches, and R&D initiatives are discussed on a granular level.

The market report provides comprehensive analysis of the worldwide home healthcare market in segments that include service, product, region, and software. Analysts have also assessed the market's rise across several regional markets across different market’s segments on a country level. The research report of the home healthcare market highlights key segments that offers forecasts on the basis of primary and secondary data. The report on the global market of home healthcare presents key company profiles on organizations that are active across the several regions.

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Home Healthcare Market to be Worth $514.5 Billion by 2030 - Exclusive Report by Meticulous Research®

 According to a new market research report titled, ‘Home Healthcare Market by Offering (Fertility, Pregnancy, Cholesterol Tests, Oxygen Delivery, Dialysis, IV, Patient Support Equipment), Services (Rehabilitation, Telehealth, Nursing, Hospice), Application (Cardiovascular, Diabetes)- Global Forecast to 2030,’ published by Meticulous Research®, the home healthcare market is projected to reach $514.5 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.

Population aging is the dominant demographic trend of the twenty-first century—a reflection of increasing longevity, declining fertility, and the progression of a large number of individuals to older ages. The OECD forecasts that, globally, the population aged 60 and over is expected to reach 2.1 billion by 2050. As per the World Health Organization (WHO) statistics, the global population in the age group of 60 years and above was expected to increase from 1 billion in 2020 to 1.4 billion in 2022. The growth in the aging population has resulted in the increased adoption of home healthcare services due to the high costs of hospital healthcare services.

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The geriatric population is highly susceptible to diseases such as high blood pressure, diabetes, arthritis, and cardiovascular diseases. Therefore, the growing global geriatric population, coupled with the fact that approximately 70% of home health patients belong to the age group of 65 years and above, is expected to drive the demand for home healthcare products and services during the forecast period.

Impact of COVID-19 on the Home Healthcare Market

The COVID-19 pandemic positively impacted the home healthcare market. The pandemic has increased the preference for home healthcare due to the risks of acquiring infections during hospital and clinic visits for treatment and related purposes. The pandemic has also increased the adoption of telehealth, making it a primary source of care for many patients. According to the 2021 World Economic Forum’s 5G Outlook Series report, there has been an increase of 490% in telemedicine visits for urgent cases. Furthermore, the outbreak of the COVID-19 pandemic increased the demand for home healthcare infrastructure and increased investments from governments in promoting homecare services. For instance, in August 2022, Fresenius Medical Care North America, the North American division of Fresenius Medical Care AG & Co. KGaA (Germany), acquired Interwell Health U.S. This acquisition was aimed at bringing Fresenius Health Partners’ expertise in kidney care and value-based performance and contracting.

The home healthcare market is segmented based on Offering (Home Tests and Patient Monitoring Equipment [Fertility Tests & Aids, Pregnancy Tests, Gender, DNA, and Parental Tests, Cholesterol Tests, HIV Tests, Holter Monitors, Blood Pressure Monitors, Oximeters, Heart Rate Monitors,

Thermometers, Stethoscopes, Defibrillators, Pedometers, Scales & Body Fat Monitors, Peak Flow Meters, Apnea Monitors, Baby Monitors, Coagulation Monitors, Diabetes Management]), Home Therapeutic Equipment ({Home Respiratory Therapy Equipment, [Continuous Positive Airway Pressure Equipment (CPAP Machines, CPAP Accessories & Consumables)], Oxygen Delivery Equipment, Nebulizers & Accessories, Ventilators & Accessories}, Home Dialysis Equipment, {Home Peritoneal Dialysis Products, Home Hemodialysis Products}, Home IV Equipment {IV Pumps, Other Home IV Equipment}, Other Equipment), Patient Support Equipment, {Mobility Assist Equipment, [Wheelchairs], Walking Assist Devices {Walking Assist Devices, [Walkers and Rollators, Canes & Walking Sticks, Crutches], Mobility Scooters, Medical Furniture and Accessories, Bathroom Safety Equipment), Services (Rehabilitation Services, Infusion Services, Skilled Care/Nursing, Unskilled Care Services, Telehealth Services, Hospice Care Services, Respiratory Therapy Services, Other Services), Application (Cardiovascular Diseases & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Cancer, Wound Care, and Other Applications) and Geography. The study also evaluates industry competitors and analyzes their market shares at the country and regional levels.

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Based on offering, in 2023, the home therapeutic equipment segment is expected to account for the largest share of the home healthcare market. The growth of this segment is attributed to increasing cases of chronic kidney and respiratory diseases, the high costs of therapeutic services in hospitals, and the availability of rental products, including ventilators, nebulizers, and oxygen delivery equipment.

Based on services, the skilled care/nursing segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the wide range of daily tasks performed by nurses to provide adequate care for patients receiving homecare, the rising adoption of home-based treatments that require technical knowledge of operating healthcare products which includes home dialysis equipment, and home IV equipment, home respiratory therapy equipment, and the increasing demand for home care for the elderly population.

Based on application, in 2023, the diabetes segment is expected to account for the largest share of the home healthcare market. The growth of this segment is attributed to the rising number of diabetic patients globally who are more prone to diseases such as cardiovascular diseases and Alzheimer's disease. Furthermore, the growing need to monitor the heart rate, hemoglobin, cholesterol, and blood pressure levels of diabetic patients contributes to the growth of this market segment.

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Based on geography, in 2023, North America is expected to account for the largest share of the home healthcare market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest shareholding market in North America. The market growth in the U.S. is attributed to the high disposable incomes of the population, the rising number of patients with chronic diseases, and government investments in promoting home healthcare.  However, Asia-Pacific is expected to witness a rapid growth during forecast period. The growth of this regional market is attributed to the increasing geriatric population, the rising prevalence of chronic diseases in developing nations, the increasing investments in home healthcare in developing countries such as China and India, and the higher preference for home-based treatments due to the high costs of hospital services. Furthermore, government initiatives promoting homecare and the launch of advanced homecare products are driving the growth of the home healthcare market in Asia-Pacific.

The report also includes an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years. In the last couple of years, the home healthcare market has witnessed various developments.

Some of the key players operating in the home healthcare market are Abbott Laboratories (U.S.), Amedisys, Inc (U.S.), Owens & Minor (U.S.), B. Braun SE (Germany), Baxter International, Inc. (U.S.), BAYADA Home Health Care (U.S.), Convatec (U.K.), Halyard Health, Inc. (U.S.), Covidien (Ireland), Fisher & Paykel (New Zealand), Fresenius Medical (Germany), GE Healthcare (U.S.), Johnson & Johnson (U.S.), and F. Hoffmann-La Roche AG (Switzerland).

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Scope of the Report:

Home Healthcare Market, by Offering

Home Tests and Patient Monitoring Equipment

Fertility Tests & Aids

Pregnancy Tests

Gender, DNA, and Parental Tests

Cholesterol Tests

HIV Tests

Holter Monitors

Blood Pressure Monitors

Oximeters

Heart Rate Monitors

Thermometers

Stethoscopes

Defibrillators

Pedometers

Scales & Body Fat Monitors

Peak Flow Meters

Apnea Monitors

Baby Monitors

Coagulation Monitors

Diabetes Management               

Home Therapeutic Equipment

Home Respiratory Therapy Equipment

Continuous Positive Airway Pressure Equipment

CPAP Machines

CPAP Accessories & Consumables

Oxygen Delivery Equipment

Nebulizers & Accessories

Ventilators & Accessories

Home Dialysis Equipment

Home Peritoneal Dialysis Products

Home Hemodialysis Products

Home IV Equipment

IV Pumps

Other Home IV Equipment

Other Equipment

Patient Support Equipment

Mobility Assist Equipment

Wheelchairs

Walking Assist Devices

Walkers and Rollators

Canes & Walking Sticks

Crutches

Mobility Scooters

Medical Furniture and Accessories

Bathroom Safety Equipment

Home Healthcare Market, by Services

Rehabilitation Services

Infusion Services

Skilled Care / Nursing

Unskilled Care Services

Telehealth Services

Hospice Care Services

Respiratory Therapy Services

Other Services

Home Healthcare Market, by Application

Cardiovascular Diseases & Hypertension

Diabetes

Respiratory Diseases

Pregnancy

Mobility Disorders

Cancer

Wound Care

Other Applications

Home Healthcare Market, by Geography

North America

U.S.

Canada

Europe

Germany

France

Italy

U.K.

Spain

Rest of Europe (RoE)

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

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[rohans18]

Home Healthcare Software Market Growth, Segments, Demand and Forecast to 2030

Global Home Healthcare Software Market, By Equipment (Monitoring Equipment, Therapeutic Equipment, Mobility Assist, Others), Deployment (On-Premise, Web-based, Cloud based), Mode ( PC/Laptop, Handheld Devices/Smartphones), Service (Rehabilitation, Infusion Therapy, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Palliative Care, Others), Software (Agency Software, Clinical Management Systems, Hospice Solutions Applications, Telehealth solutions), End User (Homecare Agencies, Hospice Care, Private Duty Agencies, Rehabilitation Centres/Therapy Centres) – Industry Trends and Forecast to 2030.

The consistent Home Healthcare Software market report analyzes many points that help businesses to solve the toughest questions in less time. The major topics of this business report are global growth trends, market share by manufacturers, market size by type, market size by application, production by region, consumption by region, company profiles, market forecast, value chain and sales channels analysis, opportunities & challenges, threat and affecting factors. The report gives market definition in the form of market driving factors and market restraints which helps estimating the demand of particular product depending on several aspects. Home Healthcare Software market survey report studies the global market status and forecast, categorizes the global market size, market value & market volume by key players, type, application, and region.

Key Players

Braun SE (Germany)

Medtronic (Ireland)

Davita Inc. (U.S.)

CARDINAL HEALTH (U.S.)

Sunrise Medical (U.S.)

General Electric Company (U.S.)

A&D Company, Limited (Japan)

BAYADA Home Health Care (U.S.)

Invacare Corporation (U.S.)

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One of the principal objectives of a high-ranking Home Healthcare Software industry report is to analyze and study the global sales, value, status, and forecast. The market report also analyzes the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. The report assists to define, describe and forecast the market by type, application and region. It estimates the region that is foretold to create the most number of opportunities in the global Home Healthcare Software market. This market research report comprises of estimations of CAGR values which are quite significant and aids businesses to decide upon the investment value over the time period. An insightful Home Healthcare Software market report assists clients to stay ahead of the time and competition.

Key questions answered in the report:

Which product segment will grab a lion’s share?

Which regional market will emerge as a frontrunner in coming years?

Which application segment will grow at a robust rate?

Report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Home Healthcare Software Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Table Of Content

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03:  Global Market

Part 04: Global Market Sizing

Part 05: Global Market Segmentation By Product

Part 06: Five Forces Analysis

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[market-insider]

U.S. Care Services Market | Cost-Efficient Alternatives To Expensive Hospital Stays

The U.S. care services market size is expected to reach USD 748.5 billion by 2030 expanding at a CAGR of 5.76% based on a new report by Grand View Research, Inc. Growing geriatric population and rising incidence of target diseases such as dementia and Alzheimer’s as well as orthopedic diseases are factors expected to fuel the industry growth in the times to come. Increasing treatment cost is one of the prime concerns for governments and health organizations and hence they are striving to curb healthcare costs. Care services are cost-efficient alternatives to expensive hospital stays and thus are economic for a longer time duration.

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The federal government is playing an active role in financing the care services. SNFs, hospice, and home healthcare are financed by the government. The U.S. government introduced the COVID-19 relief fund and provided funding of USD 175 billion to SNFs, USD 30 billion to hospice care, and USD 20 billion to assisted living facilities, as per the Department of Health and Human Services. From 2016 up to 2021, the government provided USD 184 million to hospice areas in the Office of the Parliamentary Budget Officer.

The COVID-19 pandemic has positively impacted��home healthcare services & the growth of technology in care services. Telehealth services at home & house calls have been the main option for residents, with inpatient hospital facilities being busy with handling COVID-19 cases. Since the onset of the pandemic, the growth in telehealth use has increased significantly.

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U.S. Hospice Market Size, Current and Future Trends, Industry Growth and Forecast to 2026

The U.S. hospice marketsize is expected to reach USD 63.7 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.0% over the forecast period. Rising healthcare expenditure, awareness about the benefits of the hospices, and favorable reimbursements are some of the major growth drivers. According to the U.S. Centers for Medicare & Medicaid Services, the U.S. healthcare spending increased by 4.6% and reached USD 3.5 trillion in 2017. It is projected to reach USD 6.0 trillion by 2026.

According to the Centers for Disease Control and Prevention (CDC), the number of hospice care agencies in U.S. reached 4,500 by 2018 from 4,300 in 2016. According to the Hospice Demographic and Outcome Measures Report, the percentage of accredited hospices reached 63% in 2017. In addition, a substantial growth in the use of these benefits among the Medicare beneficiaries is anticipated to boost the market growth. According to the National Hospice and Palliative Care Organization, in 2017, USD 18 billion were spent by Medicare on hospice services.

Rising demand for remote patient monitoring coupled with technological advancements, such as tele hospice are anticipated to drive the U.S. hospice market in near future. Approximately 10,000 physicians are required in hospice and palliative care in U.S. Telemedicine technology is an ideal alternative to reduce this gap. Videoconferences with the help of laptops and iPads help physicians to offer optimal support and advice to caregivers or patients doubtful for treatment in emergency cases.

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U.S. Hospice Market Report Highlights

• By location, hospice center segment held the maximum market share in 2018 since it prevents the need for hospitalization and offers a more balanced and controlled care settings

• Home hospice care is anticipated to be the fastest-growing segment during the forecast period due to comfortable environment to the patient, favorable reimbursement, with constant care provided to the patient

• Routine home care segment accounted for the largest market share in 2018 owing to the factors, such as increased medical coverage, low cost of care, along with the access to quality care, companionship, family involvement, and constant attention to the patients

• Dementia segment dominated the U.S. hospice market in 2018 due to high prevalence and need for the care driven by increased mental impairment and dependency

• Few of the key market players include Kindred Healthcare, Inc.; Chemed Corporation; Amedisys, Inc.; LHC Group Inc.; Brookdale Senior Living Solutions; Senior Care Health Rehabilitation; Seasons Hospice & Palliative Care; Crossroads Hospice; AccentCare; and Curo Health Services

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U.S. Hospice Market Research report focuses on competitive scenario and key strategies o top key players along with industry size, share, growth revenue, Regional highlights. It also covers detailed information on segments and sub-segments of industry, SWOT analysis for the main market players.

[healthnewsgazette]

Who Are The Fastest Growing Companies In Home-Based Care?

A number of home-based care providers – and businesses in the aging services sector at large – are among some of the nation’s fastest-growing companies. In fact, these companies recently grabbed a spot on Inc. 5000’s annual ranking.

Companies such as connectRN, Entrusted Pediatric Home Care, BarbaraKares In-Home Care Services, Connect Pediatrics and Electronic Caregiver made an appearance in the top half of the list.

One of these companies, connectRN, is a platform meant to aid nurses and other care professionals trying to find work. connectRN has seen 1,472% three-year growth.

The company mostly operated in the skilled nursing facilities (SNF) space, but that changed last year when Amedisys Inc. (Nasdaq: AMED) became one of its financiers. Amedisys participated in connectRN’s $76 million funding round.

Home health care has since been a key area of focus for connectRN. What’s more, the company brought on Cora Jaulin to head its home health business.

“We are definitely continuing to learn about the needs in the home health space,” Jaulin previously told Home Health Care News. “There continues to be a shortage of labor. Therefore, it’s sort of perfect timing for us to jump into this space to help our home health partners really think through how to serve up opportunities for a home health clinician, and to continue to deliver on our overall promise to offer choice and opportunity.”

BarbaraKares is one of the newer companies making a splash on the list. Founded in 2017, the company offers a variety of in-home care services. The company has seen 958% three-year revenue growth.

Aside from BarbaraKares, Compati Home Health Care, a provider of non-medical in-home care services to veterans, as well as to private-pay clients, also made the list for the first time.

The College Station, Texas-based home health and hospice agency Traditions Health also earned a spot on the list. Last year, the company made a number of acquisitions including Area Community Hospice and AmeraCare Family Hospice and Home Health.

More recently, the company purchased Serenity Health Management in March. Traditions Health has seen 377% three-year growth. This is Traditions Health’s fourth appearance on the list. The company made its first appearance in 2019.

Another returnee to the list was Trella Health, a post-acute care data analytics company who saw 366% three-year growth. At the start of the year, Trella Health acquired PlayMaker Health.

Having PlayMaker Health under its umbrella gives Trella Health a little over 50% market share with the top 200 home health and hospice organizations in the U.S.

HealthFlex Home Health & Hospice was once a small agency, but over the years it has managed to cement itself as one of the largest privately-owned providers in California.

HealthFlex Home Health & Hospice serves about 12 counties in Northern California. The company has increased from one location to four. The company has seen 255% three-year growth.

The company credits strategic partnerships for its growth.

“Our goal, in the beginning, was to really be a valuable partner to the large health care organizations and systems around Northern California,” Alex Koshevatsky, co-CEO and co-founder of HealthFlex Home Health & Hospice, previously told HHCN. “There were some [accountable care organizations] that we pursued and started working with closely, the hospitals, and we really wanted to make sure we had contracts with all the major [Medicare Advantage] players in our area. That really helped us grow fast.”

The home care franchise companies, BrightStar Group Holdings and HomeWell Franchising also nabbed spots on the list. BrightStar Care saw 89% three-year growth.

On its end, BrightStar Care has been buying back agencies and operating them in-house. The company’s system-wide sales checks in at roughly $700 million, with a similar ROI on company-owned locations.

HomeWell saw 88% three-year growth. It recently made news when it announced it was waving its initial franchise fee for new owners. These owners are allowed to reinvest this fee into the company.

“At HomeWell, we really like to lead the pack, we like to be innovative and make bold moves in order to help our owners, as well as deliver on the need for home care,” HomeWell CEO Crystal Franz previously told HHCN. “I’m not sure if other home care franchise companies will follow suit, but we are hopeful in this endeavor. We think it’s going to help us meet our goals of becoming a more national brand, as well as help our current franchise vehicles.”

[industryrecentdevelopment]

Hospice Software Market Revenue, Status and Outlook, SWOT Study Key Manufacturers

According to this latest study, the growth in the   Hospice Software market will change significantly from the previous year. Over the next six years,   Hospice Software will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

The research study is the result of significant primary and secondary research undertaken by our highly skilled analyst team throughout the world. The market research focuses on industry characteristics, such as driving variables, in order to identify the fundamental drivers driving current market growth. The paper also analyzes market restrictions and possibilities to deliver high-growth categories. PESTEL analysis is used to examine key industry aspects such as macroeconomic and microeconomic factors in order to gain a holistic perspective of factors influencing the global Pure Hospice Software Market growth throughout the world. Complex methods, such as regression analysis and end-user sentiment analysis, are used to anticipate market growth.

Hospice software is a type of healthcare information technology that provides hospices with tools to manage the care process. An extensive analysis of this Hospice Software Market is completed to recognize the many applications of the qualities of merchandise and utilization. The report involves an explanation regarding the numerous facets linked to market involving data and market increase concerning technological advancements, production and the firm's revenue. Additionally, market risk factors inventions, market setting, economy restraints, and challenges on the market have been explored within the accounts.

Get a Sample Copy of the Report at - https://introspectivemarketresearch.com/request/5470

Leading Key Players Covered in  Hospice Software market:

·         HEALTHCAREfirst

·         WellSky Home Health

·         Careficient AMS

·         DeVero

·         Brightree Home Health and Brightree Hospice

·         MedBillit

·         Crescendo - Delta Health

·         Optima Hospice (formerly Hospicesoft)

·         Suncoast

·         KanTime

·         Kinnser Agency Manager (now WellSky Home Health)

·         Homecare Homebase

·         McKesson Homecare

·         Netsmart Homecare

·         HealthCare Assistant

·         PROMISE

These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.

Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.

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Segmentation of  Hospice Software market:

By  Type:                            

·         Cloud based

·         On Premise

By Application:

• Smes

• Large Enterprise

If You Have Any Query of  Hospice Software Market Report, Visit:

https://introspectivemarketresearch.com/inquiry/5470

Geographic Segment Covered in the Report

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)

·         Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of South America)

Reasons to Purchase this Market Report:

·         Market forecast analysis through recent trends and SWOT analysis

·         Hospice Software Market Dynamics Scenarios with Market Growth Opportunities over the Next Year

·         Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts

·         Hospice Software Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.

·         Competitive environment related to the  Hospice Software market share for key players, along with new projects and strategies that players have adopted over the past five years

[jackssresearch]

Home Healthcare Devices Market Size, Key Players, Industry Segments, Development, Opportunities, Forecast till 2026

Home Healthcare Devices Market Summary 2022-2030

Straits Research's latest report on, Home Healthcare Devices Market - Global Industry Overview and Forecast 2022-2030, highlights potential, risk factor Analyzes, and enhanced with strategic and tactical decision-making assistance. The growth and regulatory factors impacting information consumption, the availability of highly dependable items in the market, and the improvement in operating efficiency of Home Healthcare Devices industry players. The global home healthcare market was valued around USD 250.56 billion in 2017 and expected to register CAGR of 11.9% in the forecast period. Home Healthcare Devices Market Size covers market trends and development, drivers, capacities, technologies, and the changing dynamics of the Home Healthcare Devices Market.

Competitive Landscape

Some of the prominent players operating in the Home Healthcare Devices market are Philips Healthcare (Netherlands), Almost Family Inc. (US), Kindred Healthcare (US), Linde Group (Germany), A&D (Japan), Amedisys (US), Fresenius (Germany), LHC Group (US), Omron (Japan), McKesson (US), BAYADA Home Health Care (US), Kinnser Software, Inc. (US), Abbott Laboratories (US), and Roche (Switzerland).

Request a Sample Report for Free @ Home Healthcare Devices Market Size 2022-2030

Studies explore the effects of COVID-19 on the upstream, midstream, and downstream sectors of the industry. In addition, this analysis provides extensive market estimations by putting an emphasis on data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.

This research also provides a dashboard view of prominent organizations highlighting their effective marketing tactics, market share and most recent advances in both historical and current settings.

Global Home Healthcare Devices Market: Segmentation

As a result of the Home Healthcare Devices market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. By Product, Testing, Screening, and Monitoring, Blood Pressure Monitors, Blood Glucose Monitors, Pulse Oximeters, Peak Flow Meters, Heart Rate Monitors, Fetal Monitoring Devices, HIV Test Kits, Sleep Apnea Monitors, Coagulation Monitors, Ovulation and Pregnancy Test Kits, Holter and Event Monitors, Cholesterol Monitoring Devices, Colon Cancer Test Kits, Home Hemoglobin A1c Test Kits, Drug and Alcohol Test Kits, ECG/EKG Devices, EEG Devices, Temperature Monitors, Hearing Aids, Pedometers, Therapeutic, Oxygen Delivery Systems, Nebulizers, Ventilators, Sleep Apnea Therapeutic Devices, Wound Care Products, IV Equipment, Dialysis Equipment, Insulin Delivery Devices, Inhalers, Other Therapeutic Products (Ostomy Devices, Automated External Defibrillators, and External Stimulation Devices), Mobility Care, Canes, Crutches, Mobility Scooters, Walkers and Rollators, Wheelchairs By Service, Rehabilitation, Infusion Therapy, Unskilled Care, Respiratory Therapy, Pregnancy Care, Skilled Nursing, Hospice and Palliative Care By Software, Agency Software, Clinical Management Systems, Hospice Solutions By Type, Home Telehealth Monitoring Devices, Home Telehealth Services, Telehealth Software Solutions

The report forecasts revenue growth at all the geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2020 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

You may buy this document on Buy Home Healthcare Devices Market Report

The following are the report's key features:

It gives useful information on the Global Home Healthcare Devices Market.

Information for the years 2022-2030 is provided.

Market-related important factors are highlighted.

The latest technological innovations, government restrictions, and developments are presented.

This paper investigates advertising and marketing techniques, market trends, and analysis.

Growth projections and Analyzes by forecast 2030.

The statistical analysis of the market's leading competitors is Emphasize.

Home Healthcare Devices Market summary based on extensive study.

Other aspects of the report include:

Provides a complete review of important tactics in numerous firms, with an emphasis on corporate structure, R&D processes, localization strategies, manufacturing capabilities, sales, and performance.

Provides essential product portfolio information, including product planning, development, and positioning.

Analyzes the role of significant market participants, as well as their collaborations, mergers, and acquisitions.

The Table of Contents and Figures of the Full Report are available for your perusal Home Healthcare Devices Market Report with TOC

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[rohit0024]

U.S. Hospice Market Size To Reach $65.0 Billion By 2030

October 2024 | Report Format: Electronic (PDF) U.S. Hospice Market Growth & Trends The U.S. hospice market size is expected to reach USD 65.0 billion by 2030, growing at a CAGR of 8.07% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth can be attributed to the growing geriatric population and the increasing prevalence of chronic disorders amid this demographic.…

[research--blog]

Home Healthcare Market to be Worth $514.5 Billion by 2030 - Exclusive Report by Meticulous Research®

According to a new market research report titled, ‘Home Healthcare Market by Offering (Fertility, Pregnancy, Cholesterol Tests, Oxygen Delivery, Dialysis, IV, Patient Support Equipment), Services (Rehabilitation, Telehealth, Nursing, Hospice), Application (Cardiovascular, Diabetes)- Global Forecast to 2030,’ published by Meticulous Research®, the home healthcare market is projected to reach $514.5 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.

Population aging is the dominant demographic trend of the twenty-first century—a reflection of increasing longevity, declining fertility, and the progression of a large number of individuals to older ages. The OECD forecasts that, globally, the population aged 60 and over is expected to reach 2.1 billion by 2050. As per the World Health Organization (WHO) statistics, the global population in the age group of 60 years and above was expected to increase from 1 billion in 2020 to 1.4 billion in 2022. The growth in the aging population has resulted in the increased adoption of home healthcare services due to the high costs of hospital healthcare services.

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The geriatric population is highly susceptible to diseases such as high blood pressure, diabetes, arthritis, and cardiovascular diseases. Therefore, the growing global geriatric population, coupled with the fact that approximately 70% of home health patients belong to the age group of 65 years and above, is expected to drive the demand for home healthcare products and services during the forecast period.

Impact of COVID-19 on the Home Healthcare Market

The COVID-19 pandemic positively impacted the home healthcare market. The pandemic has increased the preference for home healthcare due to the risks of acquiring infections during hospital and clinic visits for treatment and related purposes. The pandemic has also increased the adoption of telehealth, making it a primary source of care for many patients. According to the 2021 World Economic Forum’s 5G Outlook Series report, there has been an increase of 490% in telemedicine visits for urgent cases. Furthermore, the outbreak of the COVID-19 pandemic increased the demand for home healthcare infrastructure and increased investments from governments in promoting homecare services. For instance, in August 2022, Fresenius Medical Care North America, the North American division of Fresenius Medical Care AG & Co. KGaA (Germany), acquired Interwell Health U.S. This acquisition was aimed at bringing Fresenius Health Partners’ expertise in kidney care and value-based performance and contracting.

The home healthcare market is segmented based on Offering (Home Tests and Patient Monitoring Equipment [Fertility Tests & Aids, Pregnancy Tests, Gender, DNA, and Parental Tests, Cholesterol Tests, HIV Tests, Holter Monitors, Blood Pressure Monitors, Oximeters, Heart Rate Monitors,

Thermometers, Stethoscopes, Defibrillators, Pedometers, Scales & Body Fat Monitors, Peak Flow Meters, Apnea Monitors, Baby Monitors, Coagulation Monitors, Diabetes Management]), Home Therapeutic Equipment ({Home Respiratory Therapy Equipment, [Continuous Positive Airway Pressure Equipment (CPAP Machines, CPAP Accessories & Consumables)], Oxygen Delivery Equipment, Nebulizers & Accessories, Ventilators & Accessories}, Home Dialysis Equipment, {Home Peritoneal Dialysis Products, Home Hemodialysis Products}, Home IV Equipment {IV Pumps, Other Home IV Equipment}, Other Equipment), Patient Support Equipment, {Mobility Assist Equipment, [Wheelchairs], Walking Assist Devices {Walking Assist Devices, [Walkers and Rollators, Canes & Walking Sticks, Crutches], Mobility Scooters, Medical Furniture and Accessories, Bathroom Safety Equipment), Services (Rehabilitation Services, Infusion Services, Skilled Care/Nursing, Unskilled Care Services, Telehealth Services, Hospice Care Services, Respiratory Therapy Services, Other Services), Application (Cardiovascular Diseases & Hypertension, Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Cancer, Wound Care, and Other Applications) and Geography. The study also evaluates industry competitors and analyzes their market shares at the country and regional levels.

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Based on offering, in 2023, the home therapeutic equipment segment is expected to account for the largest share of the home healthcare market. The growth of this segment is attributed to increasing cases of chronic kidney and respiratory diseases, the high costs of therapeutic services in hospitals, and the availability of rental products, including ventilators, nebulizers, and oxygen delivery equipment.

Based on services, the skilled care/nursing segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the wide range of daily tasks performed by nurses to provide adequate care for patients receiving homecare, the rising adoption of home-based treatments that require technical knowledge of operating healthcare products which includes home dialysis equipment, and home IV equipment, home respiratory therapy equipment, and the increasing demand for home care for the elderly population.

Based on application, in 2023, the diabetes segment is expected to account for the largest share of the home healthcare market. The growth of this segment is attributed to the rising number of diabetic patients globally who are more prone to diseases such as cardiovascular diseases and Alzheimer's disease. Furthermore, the growing need to monitor the heart rate, hemoglobin, cholesterol, and blood pressure levels of diabetic patients contributes to the growth of this market segment.

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Based on geography, in 2023, North America is expected to account for the largest share of the home healthcare market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest shareholding market in North America. The market growth in the U.S. is attributed to the high disposable incomes of the population, the rising number of patients with chronic diseases, and government investments in promoting home healthcare.  However, Asia-Pacific is expected to witness a rapid growth during forecast period. The growth of this regional market is attributed to the increasing geriatric population, the rising prevalence of chronic diseases in developing nations, the increasing investments in home healthcare in developing countries such as China and India, and the higher preference for home-based treatments due to the high costs of hospital services. Furthermore, government initiatives promoting homecare and the launch of advanced homecare products are driving the growth of the home healthcare market in Asia-Pacific.

The report also includes an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years. In the last couple of years, the home healthcare market has witnessed various developments.

Some of the key players operating in the home healthcare market are Abbott Laboratories (U.S.), Amedisys, Inc (U.S.), Owens & Minor (U.S.), B. Braun SE (Germany), Baxter International, Inc. (U.S.), BAYADA Home Health Care (U.S.), Convatec (U.K.), Halyard Health, Inc. (U.S.), Covidien (Ireland), Fisher & Paykel (New Zealand), Fresenius Medical (Germany), GE Healthcare (U.S.), Johnson & Johnson (U.S.), and F. Hoffmann-La Roche AG (Switzerland).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/home-healthcare-market-1280

Scope of the Report:

Home Healthcare Market, by Offering

Home Tests and Patient Monitoring Equipment

Fertility Tests & Aids

Pregnancy Tests

Gender, DNA, and Parental Tests

Cholesterol Tests

HIV Tests

Holter Monitors

Blood Pressure Monitors

Oximeters

Heart Rate Monitors

Thermometers

Stethoscopes

Defibrillators

Pedometers

Scales & Body Fat Monitors

Peak Flow Meters

Apnea Monitors

Baby Monitors

Coagulation Monitors

Diabetes Management               

Home Therapeutic Equipment

Home Respiratory Therapy Equipment

Continuous Positive Airway Pressure Equipment

CPAP Machines

CPAP Accessories & Consumables

Oxygen Delivery Equipment

Nebulizers & Accessories

Ventilators & Accessories

Home Dialysis Equipment

Home Peritoneal Dialysis Products

Home Hemodialysis Products

Home IV Equipment

IV Pumps

Other Home IV Equipment

Other Equipment

Patient Support Equipment

Mobility Assist Equipment

Wheelchairs

Walking Assist Devices

Walkers and Rollators

Canes & Walking Sticks

Crutches

Mobility Scooters

Medical Furniture and Accessories

Bathroom Safety Equipment

Home Healthcare Market, by Services

Rehabilitation Services

Infusion Services

Skilled Care / Nursing

Unskilled Care Services

Telehealth Services

Hospice Care Services

Respiratory Therapy Services

Other Services

Home Healthcare Market, by Application

Cardiovascular Diseases & Hypertension

Diabetes

Respiratory Diseases

Pregnancy

Mobility Disorders

Cancer

Wound Care

Other Applications

Home Healthcare Market, by Geography

North America

U.S.

Canada

Europe

Germany

France

Italy

U.K.

Spain

Rest of Europe (RoE)

Asia-Pacific

China

Japan

India

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

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[market-insider]

Hospice Center Eliminates The Need For Hospitalization And Offers Balanced & Controlled Care Setting | Post COVID-19

The U.S. hospice market size is expected to reach USD 64.7 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.20% over the forecast period. The rising healthcare expenditure, awareness about the benefits of palliative and end-of-life care, and favorable reimbursements are some of the major growth drivers. According to the NHPCO, there were 4,639 Medicare-certified hospices in operation in 2018, up 13.4% from 2014. The demand for palliative and hospice services is growing with the increasing geriatric population and the number of patients with life-threatening conditions.

According to the NHPCO, 1.55 million Medicare enrollees got hospice care in 2018, increasing by 4% from 2017. As a result, the number of hospice centers in the U.S. is increasing. In the last decade, hospice care has grown swiftly and steadily across the U.S. Over 5,500 hospices in the country provide medical pain treatment, emotional support, and spiritual resources & therapies to patients in their final stage of life. The rising demand for remote patient monitoring coupled with technological advancements, such as tele-hospice, is anticipated to drive the market in near future. Moreover, there is a trend of adopting new technologies to provide care for various illnesses and injuries.

Gain deeper insights on the market and receive your free copy with TOC now @:

U.S. Hospice Market Report For instance, in December 2019, Kindred Healthcare, LLC successfully implemented Netsmart Referral Manager (Netsmart) across LTAC hospitals. Netsmart is a centralized platform for automating the referral management process, contributing to time savings and better transparency for making informed admission decisions. The COVID-19 pandemic adversely affected operational goals and long-term projections of hospice businesses in the United States. This is due to a substantial decline in revenue caused by the reduction in referrals/admissions from hospitals. In the current situation, hospices have substantially adopted the technology. In the hospice sector, the usage of telehealth is growing, which is projected to provide growth opportunities for the market in the coming years.