U.S. Hospice Market - Industry Size, Share, Growth & Forecast 2027

BOTHELL, Wash. - Aug. 1, 2022 - PRLog -- The U.S. Hospice Market is expected to witness a CAGR of around 8% during the forecast period. Hospice care is a type of care for severe patients during their last phase of life. It focuses on the personal satisfaction of their guardians or individuals who deal with life-limiting diseases. Hospice care can be offered in two types of settings at home or in a facility such as a nursing home, hospital, or even a separate hospice center. Thus, the major growth factors including the rising geriatric population and increasing cases of chronic diseases such as cancer, cardiovascular diseases, etc., are further expected to increase demand for hospice during the forecast period.  For instance, according to the American Heart Association, nearly half of adults in the U.S. have some type of CVD. By 2035, it is projected that more than 135 million adults, or 45.1% of the U.S. population are projected to have some form of CVD.

According to UnivDatos Market Insights (UMI)' research report "U.S. Hospice Market", is expected to witness a CAGR growth of around 8% during the forecast period 2021-2027F. This can be mainly attributed to an increase in government funding coupled with the rising number of research.

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