The management of funerary arrangements, including the care of the dead and services provided to surviving family members, is referred to as Death Care. Funerals, cremations, burials, memorials, coffins, and cemeteries are all examples of this. The key driving factors for death care market are, introduction of new funeral procedures, growing geriatric population and number of deaths.
MARKET SCOPE
The "Global Death Care Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the death care market with detailed market segmentation by operations, arrangements and product and services. The report provides key statistics on the market status of the leading death care market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on operations the market is segmented as, funeral homes and cemetaries.
- Based on arrangement the market is segmented as, at-need and pre-need.
- Based on products and services the market is segmented as, Caskets & Vaults, Facility Rentals, Embalming & Cosmetic Preparation, Urns and Others.
MARKET DYNAMICS
Drivers:
- Increasing geriatric population and rising number of deaths.
- Introduction of novel funeral procedures and personalization of deaths.
- High demand for death care services in developed nations.
Restraints:
- However, lack of awareness about various death care services in some developing nations along with traditional way of funerals in different religions are likely to hamper market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The death care market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the death care market in these regions.
IMPACT OF COVID-19 ON DEATH CARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the death care market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from death care market are anticipated to lucrative growth opportunities in the future with the rising demand for death care in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the death care market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Service Corporation International
- Batesville
- P and L Manufacturing
- Matthews International Corporation
- Stonemor
- Wilbert Funeral Services
- Carriage Services
- Fu Shou Yuan International Group
- Lungyen Life Service Corporation, Ltd
- Burial Planning
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.