Death-Care Services Market to Eyewitness Massive Growth by 2028 | Chemed, Matthews, StoneMor Partner
Author : Rahul Kadam | Published On : 10 Nov 2023
Advance Market Analytics published a new research publication on "Death-Care Services Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Death-Care Services market was mainly driven by the increasing R&D spending across the world.
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The Death-Care Services Market report covers extensive analysis of the key market players, along with their business overview, expansion plans, and strategies. The key players studied in the report include: Service Corporation International (SCI) (United States), Nirvana Asia Ltd (Malaysia), Fu Shou Yuan International Group (China), Batesville (United States), Chemed Corp (United States), Matthews International Corporation (United States), StoneMor Partners (United States), Wilbert Funeral Services Inc. (United States), Carriage Services Inc. (United States), Lung Yen Life Service Corp (Taiwan), Amedisys Inc. (United States), Shanghai Longhua Funeral House (China), LHC Group Inc. (United States)
Definition:
The death care service industry includes those companies which provide all the death-related goods and services like the funerals, cremations, coffins, burials, headstones, slots in cemeteries, and memorials. Another aspect of the death care service industry is as to how the people continue to live on their lives via social media, after the receiving of the death certificate. The conception of virtual legacies is a new trend that is emerging in this present digital age. In May 2018, around 25,740 morticians and almost 35,340 funeral attendants were hired in the United States, earning a median annual wage of USD 57,620 and USD 28,480 respectively. In 2019, there were around 19,177 funeral homes all across the United States, and a figure that has been gradually declining during the time. It was further stated that the provision for the funeral homes and cemetery services have hereby generated a collective revenue of around USD 21 billion in 2019. In an assessment about the impact of COVID-19 pandemic on the children, the United Nations has stated that the approaching global recession that would be resulting from the outbreak could hereby cause hundreds and thousands of added child deaths during this year, thus effectively reversing the recent gains for reducing the infant mortality, and pushing millions of children towards extreme poverty. There are mainly three channels by which the children are affected during this crisis the infection caused due to the virus itself, an immediate socioeconomic effect of the measures so as to stop the transmission of the virus and the end of the pandemic, and finally the potential longer-term after-effects due to the delayed implementation of these Sustainable Development Goals. The Johns Hopkins University data, hereby states that the number of confirmed coronavirus cases has surpassed two million all across the globe and around 144,000 people have approximately already died so far. The United States itself has more than 670,000 COVID-19 cases and around 33,000 deaths. Hence with due to the prevailing conditions under COVID-19 and considering the number of death all around the world the market of death care services would face an upsurge during this period of time.
The following fragment talks about the Death-Care Services market types, applications, End-Users, Deployment model etc. A thorough analysis of Death-Care Services Market Segmentation: by Type (Products, Solutions), Application (Funeral Homes, Cemeteries, Others), Product Types (Caskets & Vaults, Facility Rentals, Embalming & Cosmetic Preparation, Urns, Others), Arrangement Type (On-Demand, Pre- Booked)
Death-Care Services Market Drivers:
- Changing Lifestyles and Rising Disposable Incomes
- A Rise in the Number of People Having a Hectic Work Schedule
Death-Care Services Market Trends:
- Growing Trend of Having Customized Services in Accordance with the requirements of the Customers
Death-Care Services Market Growth Opportunities:
- Growing Awareness of the Services in Developed and Developing Regions
As the Death-Care Services market is becoming increasingly competitive, it has become imperative for businesses to keep a constant watch on their competitor strategies and other changing trends in the Death-Care Services market. Scope of Death-Care Services market intelligence has proliferated to include comprehensive analysis and analytics that can help revamp business models and projections to suit current business requirements.
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Strategic Points Covered in Table of Content of Global Death-Care Services Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Death-Care Services market
Chapter 2: Exclusive Summary and the basic information of the Death-Care Services Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Death-Care Services
Chapter 4: Presenting the Death-Care Services Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2017-2022
Chapter 6: Evaluating the leading manufacturers of the Death-Care Services market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Death-Care Services Market is a valuable source of guidance for individuals and companies.
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What benefits does AMA research study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
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