The Death Care Services by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Death Care Services, The death care services market size has grown strongly in recent years. It will grow from $124.08 billion in 2023 to $134.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to rapid growth in world population, rise in accidents, and strong economic growth in emerging markets.
The death care services market size is expected to see strong growth in the next few years. It will grow to $182.64 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increase in number of people opting for funeral plans, increasing global population, and increase in demand for lavish funerals . Major trends in the forecast period include investing in alkaline hydrolysis cremation technologies, offering green burial services, offering personalization services for funerals, offering options of live streaming funerals for people unable to attend the services, offering gps based tracking in their cemeteries, offering digital tags for tombstones, and offering advanced funeral planning.
Decreasing life expectancy is expected to propel the growth of the death care services market. The number of years a person can expect to live is referred to as life expectancy. The decreasing life expectancy leads to more people dying, and the higher deaths thereby drive the death care services market. For instance, according to data from the Centers for Disease Control and Prevention (CDC), a US-based national public health agency responsible for protecting public health, life expectancy at birth decreased by over a year between 2020 and 2021 in the US. Increases in accidental deaths and unintentional injuries are responsible for an estimated 16% of the fall in life expectancy between 2020 and 2021. Therefore, the decreasing life expectancy is expected to drive the death care services market going forward.
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The death care services market covered in this report is segmented –
1) By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories
2) By Arrangement: At-Need Arrangement, Pre-Need Arrangement
3) By Mode: Online, Offline
Top Major Players:
Service Corporation International (SCI)
Nirvana Asia Ltd
Dignity PLC
Arbor Memorial Inc
InvoCare
Asia-Pacific was the largest region in the death care services market in 2023.
Major companies operating in the death care services market and the government is focused on promoting and providing green burial options to gain a competitive edge in the market. Green funerals, also known as natural burials, are a modern method of burying the departed that focuses on simplicity, affordability, and the conservation of natural resources. For instance, in December 2022, according to Recompose, a US-based company offering a death care service, Governor Kathy Hochul signed legislation officially legalizing human composting in New York, thus expanding the list of eco-friendly burial methods available to New Yorkers after their passing. New York has become the sixth state, following Washington, Colorado, Oregon, Vermont, and California, to legalize human composting.
The death care services market report table of contents includes:
1. Executive Summary
2. Death Care Services Market Characteristics
3. Death Care Services Product/Service Analysis -Product/Service Examples
4. Death Care Services Market Trends And Strategies
5. Death Care Services Market - Macro Economic Scenario
…..
68. Global Death Care Services Market Competitive Benchmarking
69. Global Death Care Services Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Death Care Services Market
71. Death Care Services Market Future Outlook and Potential Analysis
72. Appendix
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The Business Research Company published its Death Care Services Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global death care services market.
The report covers the death care services market’s segments- funeral homes and funeral services, cemeteries and crematories.View Complete Report: https://www.thebusinessresearchcompany.com/report/death-care-services-global-market-reportDeath Care Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Crematories are offering green funeral and burial services in the cemetery industry to environmentally conscious customers.
A green funeral offers environmentally-friendly options such as funeral in a natural setting, use of only recycled paper products, locally-grown organic flowers and food, biodegradable clothing, shroud or casket and use of formaldehyde-free products.
Death Care Services Industry 2021Brief and concise information on Death Care Services Industry has been published by Absolute Markets Insights.
The report is especially designed to stimulate entrepreneurial sagacity.
An overview of primary and secondary exploratory techniques are especially enlightening.
Various economic attributes of businesses, draw attention to precise information on financial budget of several industries.
The report also highlights distinctive application segments, thus enabling to understand potential sectors of the market.Access Full Report Details and Order this Premium Report @ https://www.absolutemarketsinsights.com/reports/Global-Death-Care-Services-Market-2019-2030-643Major Key Players:Some of the players operating in the global Death Care Services Industry are Antim Yatra Funeral Services, ANXIAN YUAN CHINA HOLDINGS LIMITED, Bestattungen Karl Albert Denk GmbH & Co. KG, Burials Gommel, Carriage Services, Fu Shou Yuan International Group Limited, Funeral Lichtblick Bochum, Funeral parlor Stumpf, Funerals Wagner & Loew, Hillenbrand Inc. (Batesville), INVOCARE NEW ZEALAND LIMITED, Lucentt, mymoria GmbH, Naser Group Inc., NorthStar Memorial Group, NIRVANA ASIA LTD., Park Lawn Corporation, Propel Funeral Partners Limited, Rossi Family Funeral Home, Inc., Schepp Family Funeral Homes, Shangyu Luxes Casket Company, Southern Cremations & Funerals, StoneMor Inc., TEAR Co., Ltd., The Natural Funeral Company Limited, Urns.com.
and Wilbert amongst others.Key findings of the report:High prevalence of chronic diseases including cardiovascular, respiratory, diabetes and others amongst the worldwide urban population, due to sedentary lifestyle and unhealthy diets, have caused increased death rate which is fuelling the demand for death care services.The COVID-19 pandemic has increased demand for the death care services such as crematory services, refrigerated storages and others.The growing awareness for ill effects of traditional funeral services on the environment is boosting the demand for green burial services in global death care servicesBased on the model, pre-need basis death services are expected to witness high growth due to personalization and financial benefits.China Death Care Services Industry was valued at US$ 16.39 Bn in 2017 and is anticipated to witness a compound annual growth rate of 11% over the forecast period, owing to the substantial increase in mortality rate.
The statistical surveying report on the global Death Care Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.The global death care market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.Get FREE Sample Report Copy @ https://www.decisiondatabases.com/contact/download-sample-43062Deathcare includes companies that provide death-related goods and services such as funerals, burials, cremations, coffins, lots in cemeteries, headstones, and memorials.
The Death Care industry is divided into three segments: the ceremony and tribute (funeral or memorial service); the disposition of remains through cremation or burial (internment); and memorialization in the form of monuments, marker inscriptions or memorial art.Asia-Pacific and North America are the largest markets of Death Care.
