- Hospice care services are increasingly essential, offering compassionate, palliative care to patients with terminal illnesses in both home and institutional settings. These services focus on enhancing quality of life, managing symptoms, and providing emotional support to patients and their families
- The escalating demand for hospice care is propelled by the rising prevalence of chronic illnesses, aging populations, and a growing emphasis on dignified, patient-centered end-of-life support. In addition, rising healthcare costs and a preference for home-based care models reinforce this trend
- North America dominated the hospice care market with the largest revenue share of 45.8% in 2024, driven by factors such as a high chronic disease burden, sophisticated healthcare infrastructure, comprehensive reimbursement systems, and strong public awareness
- Asia‑Pacific is expected to be the fastest-growing region in the hospice care market, with a CAGR of 9.2% expected from 2025 to 2032, fuelled by increasing health expenditures, expanding geriatric populations, and government-led efforts to strengthen palliative care services in countries such as China, India, and Japan
- Home Settings segment dominated the market, representing a 52.7% share in 2024, as families favour receiving personalized hospice care in familiar surroundings, supported by professional caregivers and telehealth solutions
