US Hospice Market

U.S. Hospice Market Size by Type (Continuous Home Care, General Inpatient Care, Routine Home Care, Inpatient Respite Care), Location (Hospital, Skilled Nursing Facility, Hospice Center, Home Hospice Care), Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13520
  • Published Date: Jun, 2023
  • Pages: 232
  • Category: Healthcare
  • Format: PDF
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The U.S. hospice market was valued at USD 33.06 Billion in 2022 and grew at a CAGR of 9.37% from 2023 to 2032. The market is expected to reach USD 80.96 Billion by 2032. The market is expected to develop faster than average due to the growing geriatric population and the increased prevalence of chronic and age-related disorders. The number of Americans 65 and older is projected to increase. It is anticipated that the increased prevalence of cancer, dementia, and kidney, respiratory, and cardiovascular disorders among the senior population will further fuel market expansion.

Market Introduction:

Patients receiving hospice care get assistance and attention as they approach the end of their lives. It focuses on the discomfort and symptoms of critically sick patients while catering to their spiritual and emotional needs to improve the quality of life for patients and their families dealing with life-threatening illnesses. Hospice care may be provided by independent hospices or through initiatives run by institutions, including nursing homes, hospitals, clinics, and health care systems. It can also be provided in the patient's home or a private hospice facility. There is no need for additional staff and advanced facilities when receiving hospice care at home, so the cost is typically lower than when receiving treatment in hospitals, nursing homes, and other institutional settings. Patients prefer hospice care because they want to live out their remaining days at home with their loved ones. Patients receiving hospice care are given special attention to improving their quality of life. To help patients live as pleasantly and fully as possible, this service offers compassionate care to those suffering from terminal illnesses. Medical, psychological, and spiritual care are all included in this interdisciplinary approach. Increasing healthcare costs, public awareness of hospice benefits, and favourable reimbursements are some significant drivers. Medicare recipients' use of these services is expected to increase significantly, accelerating market expansion. In the near future, it is predicted that the U.S. hospice market will be driven by rising demand for remote patient monitoring combined with technological improvements, which include hospice. The United States needs about 10,000 doctors to provide hospice and palliative care. The perfect solution to close this gap is telemedicine technology. In emergencies, videoconferences using computers and iPads enable doctors to provide the best assistance and guidance to carers and patients who are hesitant to get treatment. Additionally, the growing demand for high-quality healthcare services at home and rising Medicare reimbursement for hospice care are anticipated to drive the market during the projection period. Several public and commercial organizations promote hospice care, including Medicare, Medicaid, and others.

U.S. Hospice Market Size

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Recent Development
  • Kindred Healthcare, LLC successfully deployed Netsmart Referral Manager (Netsmart) across LTAC hospitals in December 2019. With the help of Netsmart, the referral management process can be automated, saving time and enhancing transparency for more informed admission decisions.
  • Geisinger Home Health and Hospice & LHC Group, Inc. partnered in April 2019 to enhance home health and hospice services in Pennsylvania. The collaboration wants hospice care in Danville, Wilkes-Barre, Bloomsburg, Lewisburg, Camp Hill, Northumberland, Lewistown, Montoursville, and Pennsylvania.

Market Dynamics:


A rise in the frequency of terminal illnesses– The ageing population and chronic diseases like cancer and heart disease are the primary reasons for the rise in the number of Americans passing away each year. It is anticipated that as the number of individuals dying from terminal illnesses rises, so will the demand for hospice care. Patients, family members, and carers are increasingly aware of hospice care's advantages. As opposed to other healthcare services, hospice care is regarded to be more empathetic and holistic. In addition to offering patients emotional and physical support, hospice care additionally assists them in dealing with the mental and spiritual effects of their sickness. Through the Medicare and Medicaid programmes, the U.S. government fund hospice care enormously. The expense of hospice care is also mostly covered by the Medicaid programme. Due to the ageing population, more nursing homes and assisted living facilities exist in the U.S. For their patients, these hospitals are increasingly choosing hospice care. Both patients and carers are showing an increasing preference for home-based care. Compared to hospital-based care, home-based care is believed to be more practical and relaxing. The patient can get hospice care in their home, where familiar people and things can surround them.


Insufficient hospice providers– It is anticipated that the number of Americans living with Alzheimer's disease will more than double. Given that individuals with dementia are more likely to need higher levels of care, this growth will put a high demand on the hospice market. There are limited hospice providers in the U.S. Although this number is anticipated to rise in the upcoming years, it still won't be enough to fulfil the demands of the expanding population of people needing hospice care. In the U.S., there is an ongoing shortage of hospice nurses. As the need for hospice care rises, this scarcity is anticipated to worsen over the next few years. Also, hospice care is becoming more expensive to provide. There are several reasons for this, including the rise in dementia patients and the lack of hospice nurses.

Type Segment Analysis

The type segment is divided into continuous home care, general inpatient care, routine home care, and inpatient respite care. The routine home care segment dominated the market, with a share of around 29.45% in 2022. This is due to several reasons, including favourable payment regulations, improved comfort, and regular visits from licenced nurses, doctors, and assistants. It benefits from the company, family support, ongoing care, and more. RHC is the source of the majority of an organization's revenue. The overall amount spent by Medicare on RHC is rising.

Location Segment Analysis

The location segment is divided into hospital, skilled nursing facility, hospice center, and home hospice care. The hospice center segment dominated the market, with a share of around 28.11% in 2022. It is due to the advantages that these facilities provide. These facilities provide more balanced and controlled care environments and reduce the need for hospitalization. Patients who require 24-hour care or do not have a carer can benefit from hospice centres. The majority of Medicare hospice deaths took place in hospice inpatient facilities.

Some of the Key Market Players:
  • Amedisys
  • Brookdale Senior Living, Inc.
  • Crossroads Hospice
  • Accentcare, Inc.
  • Oklahoma Palliative & Hospice Care
  • Kindred Healthcare Inc.
  • Chemed Corp.
  • Heart to Heart Hospice
  • LHC Group, Inc.
  • Seasons Hospice & Palliative Care

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 33.06 Billion
Market size value in 2032 USD 80.96 Billion
CAGR (2023 to 2032) 9.37%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Segments Type, Location

Frequesntly Asked Questions

As per The Brainy Insights, the size of the U.S. hospice market was valued USD 33.06 Billion in 2022 to USD 80.96 Billion by 2032.

U.S. hospice market is growing at a CAGR of 9.37% during the forecast period 2023-2032.

The U.S. hospice market has been segmented based on type and location. The routine home care segment led the market in 2022 in the type segment. The hospice center segment led the market in 2022 in the location segment.

The market's growth will be influenced by the rise in the frequency of terminal illnesses.

Insufficient hospice providers could challenge the market growth.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Location
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. A rise in the frequency of terminal illnesses
    5.3. Challenges
          5.3.1. Insufficient hospice providers

6. U.S. Hospice Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Continuous Home Care
    6.3. General Inpatient Care
    6.4. Routine Home Care
    6.5. Inpatient Respite Care

7. U.S. Hospice Market Analysis and Forecast, By Location
    7.1. Segment Overview
    7.2. Hospital
    7.3. Skilled Nursing Facility
    7.4. Hospice Center
    7.5. Home Hospice Care

8. U.S. Hospice Market-Competitive Landscape
    8.1. Overview
    8.2. Market Share of Key Players in the Hospice Market
          8.2.1. U.S. Company Market Share
    8.3. Competitive Situations and Trends
          8.3.1. Product Launches and Developments
          8.3.2. Partnerships, Collaborations, and Agreements
          8.3.3. Mergers & Acquisitions
          8.3.4. Expansions

9. Company Profiles
    9.1. Amedisys
          9.1.1. Business Overview
          9.1.2. Company Snapshot
          9.1.3. Company Market Share Analysis
          9.1.4. Company Product Portfolio
          9.1.5. Recent Developments
          9.1.6. SWOT Analysis
    9.2. Brookdale Senior Living, Inc.
          9.2.1. Business Overview
          9.2.2. Company Snapshot
          9.2.3. Company Market Share Analysis
          9.2.4. Company Product Portfolio
          9.2.5. Recent Developments
          9.2.6. SWOT Analysis
    9.3. Crossroads Hospice
          9.3.1. Business Overview
          9.3.2. Company Snapshot
          9.3.3. Company Market Share Analysis
          9.3.4. Company Product Portfolio
          9.3.5. Recent Developments
          9.3.6. SWOT Analysis
    9.4. Accentcare, Inc.
          9.4.1. Business Overview
          9.4.2. Company Snapshot
          9.4.3. Company Market Share Analysis
          9.4.4. Company Product Portfolio
          9.4.5. Recent Developments
          9.4.6. SWOT Analysis
    9.5. Oklahoma Palliative & Hospice Care
          9.5.1. Business Overview
          9.5.2. Company Snapshot
          9.5.3. Company Market Share Analysis
          9.5.4. Company Product Portfolio
          9.5.5. Recent Developments
          9.5.6. SWOT Analysis
    9.6. Kindred Healthcare Inc.
          9.6.1. Business Overview
          9.6.2. Company Snapshot
          9.6.3. Company Market Share Analysis
          9.6.4. Company Product Portfolio
          9.6.5. Recent Developments
          9.6.6. SWOT Analysis
    9.7. Chemed Corp.
          9.7.1. Business Overview
          9.7.2. Company Snapshot
          9.7.3. Company Market Share Analysis
          9.7.4. Company Product Portfolio
          9.7.5. Recent Developments
          9.7.6. SWOT Analysis
    9.8. Heart to Heart Hospice
          1.1.1. Business Overview
          1.1.2. Company Snapshot
          1.1.3. Company Market Share Analysis
          1.1.4. Company Product Portfolio
          1.1.5. Recent Developments
          1.1.6. SWOT Analysis
    9.9. LHC Group, Inc.
          9.9.1. Business Overview
          9.9.2. Company Snapshot
          9.9.3. Company Market Share Analysis
          9.9.4. Company Product Portfolio
          9.9.5. Recent Developments
          9.9.6. SWOT Analysis
    9.10. Seasons Hospice & Palliative Care
          9.10.1. Business Overview
          9.10.2. Company Snapshot
          9.10.3. Company Market Share Analysis
          9.10.4. Company Product Portfolio
          9.10.5. Recent Developments
          9.10.6. SWOT Analysis

List of Table

1. U.S. Hospice Market, By Type, 2019-2032 (USD Billion) 

2. U.S. Continuous Home Care, Hospice Market, 2019-2032 (USD Billion) 

3. U.S. General Inpatient Care, Hospice Market, 2019-2032 (USD Billion) 

4. U.S. Routine Home Care, 2019-2032 (USD Billion)

5. U.S. Inpatient Respite Care, 2019-2032 (USD Billion) 

6. U.S. Hospice Market, By Location, 2019-2032 (USD Billion) 

7. U.S. Hospital, Hospice Market, 2019-2032 (USD Billion) 

8. U.S. Skilled Nursing Facility, Hospice Market, 2019-2032 (USD Billion) 

9. U.S. Hospice Center, Hospice Market, 2019-2032 (USD Billion)

10. U.S. Home Hospice Care, Hospice Market, 2019-2032 (USD Billion)

List of Figures 

1. U.S. Hospice Market Segmentation

2. Hospice Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. U.S. Hospice Market Attractiveness Analysis By Type

9. U.S. Hospice Market Attractiveness Analysis By Location

10. U.S. Hospice Market: Dynamics

11. U.S. Hospice Market Share By Type (2023 & 2032)

12. U.S. Hospice Market Share by Location (2023 & 2032)

13. U.S. Hospice Market Share by Company (2022)

This study forecasts revenue at the country level from 2019 to 2032. The Brainy Insights has segmented the U.S. hospice market based on below mentioned segments:

U.S. Hospice Market by Type:

  • Continuous Home Care
  • General Inpatient Care
  • Routine Home Care
  • Inpatient Respite Care

U.S. Hospice Market by Location:

  • Hospital
  • Skilled Nursing Facility
  • Hospice Center
  • Home Hospice Care


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