The Death Care Services Global Market Report 2023 by The Business Research Company, provides death care services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Death Care Services Global Market Report 2023, the global death care services market size will grow from $113.42 billion in 2022 to $122.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of death care services market is expected to grow to $165.3 billion in 2027 at a CAGR of 7.7%.
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.
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The death care services market is segmented:
1) Death Care Services Market By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories
2) Death Care Services Market By Arrangement: At-Need Arrangement, Pre-Need Arrangement
3) Death Care Services Market By Mode: Online, Offline
Top Major Players
Service Corporation International
Fu Shou Yuan International Group
Death care service companies are increasingly using the alkaline hydrolysis method for disposing of corpses. Alkaline hydrolysis is a chemical process for the disposal of human remains using sodium hydroxide and heat. The method uses a solution of 95% water and 5% potassium hydroxide or sodium oxide to reduce a body to components of liquid and bone. Bone fragments are retained and dried into a substance that is similar to cremated ashes. The liquid by-product of alkaline hydrolysis is a non-toxic solution that is disposed of through the sewage system. For instance, as of 2020, Washington, a state in the United States of America, legalized the practice of alkaline hydrolysis as acceptable means of disposition for human bodies.
The death care services market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Death Care Services Market Characteristics
4. Death Care Services Market Product Analysis
5. Death Care Services Market Supply Chain
……..
20. Death Care Services Market Competitive Landscape
21. Key Mergers And Acquisitions In The Death Care Services Market
22. Market Background: Personal Services Market
23. Recommendations
24. Appendix
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List Of Tables
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Death Care Services Market, 2022, By Region, Value ($ Billion)
Table 4: Global Death Care Services Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 5: Global Death Care Services Market, Growth And Market Share Comparison, By Region
…….
Table 128: Global Personal Services Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
Table 129: Global Personal Services Market, 2017-2022, 2022-2027F, 2032F, Segmentation By Type, Value ($ Billion)
Table 130: Global Death Care Services Market In 2027- Growth Countries
Table 131: Global Death Care Services Market In 2027- Growth Segments
Table 132: Global Death Care Services Market In 2027- Growth Strategies
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