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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