About Death Care Services
Deathcare service provides services related to death which includes funerals, cremation or burial and memorials. Care of the body after death is an important function which death care services offer. The death care service is expected to rise in the forecasted period owing to strong economic growth, rapid urbanisation, increase in disposable income, steady population growth, ageing population & increase in death rate and unmet demand for premium death care services and products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Death Care Services is increasing. The industry is segmented, but it is predicted to grow as rise in road accidents, various diseases and natural calamities, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Death Care Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Service Corporation International (SCI) (United States), Hillenbrand (United States), StoneMor (United States), Carriage Services (United States), NorthStar Memorial Group (United States), Walmart Inc. (United States), Rock of Ages Corp. (United States), Stewart Enterprises Inc. (United States), Matthews International (United States), Amazon.com (United States) and 1-800-FLOWERS.COM (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Death Care Services market by , Application (Child, Teenager, Adult and Senior) and Region.
On the basis of geography, the market of Death Care Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Product & Services , the sub-segment i.e. Facility Rentals will boost the Death Care Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operations, the sub-segment i.e. Cemeteries will boost the Death Care Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Arrangement, the sub-segment i.e. Pre- Need will boost the Death Care Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Crematories Are Offering Green Funeral and Burial Services in the Cemetery Industry to Environmentally Conscious Customers
Market Growth Drivers:
Rising Prevalence of Diseases, Shifting Attitude Towards Death Among Consumer and Rise in Death of Baby Boomers
Challenges:
Lack of Efforts and Willingness To Accept , Research, Study and Implement Appropriate Intervention Alongside the Process of Death, Injuries from Manual Tasks, Embalming Operations Biological Exposure, Chemical Exposure & Musculoskeletal Hazards and Embalming Room Ventilation & Maintenance and Unique Hazards during Cremation
Restraints:
Violations In Death Care Services, Anti-Consumer Practices and At Home Funeral
Opportunities:
Increasing Rate Of Cremations In Tradition Takeover and Pet Loss And Aftercare Gaining Traction
Market Leaders and their expansionary development strategies
In November 2023, Parting Stone, a provider of biodegradable cremation urns, introduced a new eco-friendly cremation urn made from recycled paper. The new urn is designed to be environmentally friendly and to provide a meaningful way for families to remember their loved ones.
In October 2023, Farewelling, a provider of online funeral and memorial services, introduced a new virtual funeral platform that allows families to host live-streamed funerals and memorial services. The platform is designed to provide a more accessible and affordable way to say goodbye to loved ones.
According to WHO, Of the 56.9 million deaths worldwide in 2016, more than half (54%) were due to the top 10 causes. Ischaemic heart disease and stroke are the world’s biggest killers, accounting for a combined 15.2 million deaths in 2016. These diseases have remained the leading causes of death globally in the last 15 years.
Key Target Audience
Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.