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U.S. Hospice Market 2019 Business Standards and Competition Landscape 2026 | Grand View Research, Inc.

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U.S. Hospice Market 2019 Business Standards and Competition Landscape 2026 | Grand View Research, Inc.

U.S. Hospice Market 2019 Business Standards and Competition Landscape 2026 | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, rising elderly population coupled with an increasing prevalence of chronic as well as age-associated diseases is anticipated to boost the growth

The U.S. hospice market size is expected to reach USD 63.7 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.0% over the forecast period. Rising healthcare expenditure, awareness about the benefits of the hospices, and favorable reimbursements are some of the major growth drivers. According to the U.S. Centers for Medicare & Medicaid Services, the U.S. healthcare spending increased by 4.6% and reached USD 3.5 trillion in 2017. It is projected to reach USD 6.0 trillion by 2026.

According to the Centers for Disease Control and Prevention (CDC), the number of hospice care agencies in U.S. reached 4,500 by 2018 from 4,300 in 2016. According to the Hospice Demographic and Outcome Measures Report, the percentage of accredited hospices reached 63% in 2017. In addition, a substantial growth in the use of these benefits among the Medicare beneficiaries is anticipated to boost the market growth. According to the National Hospice and Palliative Care Organization, in 2017, USD 18 billion were spent by Medicare on hospice services.

Rising demand for remote patient monitoring coupled with technological advancements, such as tele hospice are anticipated to drive the U.S. hospice market in near future. Approximately 10,000 physicians are required in hospice and palliative care in U.S. Telemedicine technology is an ideal alternative to reduce this gap. Videoconferences with the help of laptops and iPads help physicians to offer optimal support and advice to caregivers or patients doubtful for treatment in emergency cases.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/us-hospice-market

U.S. Hospice Market Report Highlights

• By location, hospice center segment held the maximum market share in 2018 since it prevents the need for hospitalization and offers a more balanced and controlled care settings

• Home hospice care is anticipated to be the fastest-growing segment during the forecast period due to comfortable environment to the patient, favorable reimbursement, with constant care provided to the patient

• Routine home care segment accounted for the largest market share in 2018 owing to the factors, such as increased medical coverage, low cost of care, along with the access to quality care, companionship, family involvement, and constant attention to the patients

• Dementia segment dominated the U.S. hospice market in 2018 due to high prevalence and need for the care driven by increased mental impairment and dependency

• Few of the key market players include Kindred Healthcare, Inc.; Chemed Corporation; Amedisys, Inc.; LHC Group Inc.; Brookdale Senior Living Solutions; Senior Care Health Rehabilitation; Seasons Hospice & Palliative Care; Crossroads Hospice; AccentCare; and Curo Health Services

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/us-hospice-market/request/rs1

U.S. Hospice Market Segmentation

Grand View Research has segmented the U.S. hospice market based on location, type, diagnosis, and region:    

U.S. Hospice Location Outlook (Revenue, USD Million, 2015 – 2026)         

    • Hospice Center                                     

    • Hospital

    • Home Hospice Care

    • Skilled Nursing Facility           

U.S. Hospice Type Outlook (Revenue, USD Million, 2015 – 2026)                      

    • Routine Home Care

    • Continuous Home Care

    • Inpatient Respite Care

    • General Inpatient Care

    • Capital Equipment

U.S. Hospice Diagnosis Outlook (Revenue, USD Million, 2015 – 2026)

    • Dementia

    • Circulatory/Heart

    • Cancer

    • Respiratory

    • Chronic Kidney Disease

    • Others

U.S. Hospice Country Outlook (Revenue, USD Million, 2015 – 2026)

     • U.S.     

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/6663/ibb

Browse More Related Report:

U.S. Long Term Care Market Size, Share & Trends Analysis Report By Service (Home Healthcare, Hospice, Nursing Care, Assisted Living Facilities), And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.

Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

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Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/us-hospice-market

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