United States Pre-Need Death Care Market was valued at USD 18.3 Billion in 2022 and is projected to reach USD 27.9 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The US Pre-Need Death Care Market is experiencing significant growth as more individuals seek to plan for their end-of-life arrangements in advance. Pre-need death care services refer to the purchase of funeral services, burial plots, and related products before the need arises. These services offer peace of mind to individuals, ensuring that their loved ones are not burdened with decisions and expenses during a difficult time. As more people are becoming aware of the benefits of pre-planning, the demand for pre-need death care products is steadily increasing.
The primary drivers behind the growth of the Pre-Need Death Care Market are demographic shifts, such as an aging population and an increasing focus on financial security. As baby boomers age, many are looking for ways to ensure their funeral arrangements are taken care of. Additionally, the financial planning aspect of pre-need services is appealing to those who want to avoid inflationary pressures on funeral costs in the future. Financial institutions, insurance companies, and funeral homes are working together to provide affordable packages for consumers looking to secure their death care needs in advance.
Industries such as insurance, financial planning, and funeral services are crucial players in this market. Funeral homes, in particular, have seen an increase in demand for pre-need services, as they can now offer a range of customizable plans to meet the specific needs of customers. Insurance companies are also expanding their offerings to include pre-need policies that allow policyholders to cover their funeral expenses over time. These collaborations between industries not only enhance the scope of pre-need services but also make them more accessible to a wider demographic.
Pre-Need Death Care Market requirements vary, but there is a common need for clear communication, transparency, and reliable service providers. As this market continues to evolve, providers must adapt to the changing preferences of consumers, particularly the younger generation, who are increasingly concerned with sustainability and ethical practices in their end-of-life decisions. Innovations in technology are also making it easier for consumers to compare and purchase pre-need services online, further driving market growth.
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Service Corporation International
Batesville
Chemed Corp.
Matthews International Corporation
StoneMor Partners
Wilbert Funeral Services
Carriage Services
Fu Shou Yuan International Group
Lung Yen Life Service Corp
Guangzhou Funeral Parlor
Nirvana Asia Ltd.
Amedisys Inc
Shanghai Longhua Funeral Parlor
LHC Group Inc
Shanghai Songheyuan
Park Lawn Corporation
Shanhai Haiwan Qinyuan
Victoriaville & Co.
Sauder Funeral Products
Thacker Caskets
Rock of Ages
Sich Caskets
Evergreen Washelli
Doric Products
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Pre-Need Death Care Market
Individual Consumers
Family/Group Consumers
Caskets
Cremation Urns
Embalming Chemicals
Grave Markers
Funeral Service Packages
Funeral Home Services
Pre-Need Funeral Planning
Cremation Services
Burial Services
Memorialization Services
Legal and Financial Services
Prepaid Plans
Insurance-Backed Plans
Pay-as-you-go Plans
Direct Sales
Funeral Homes
Online Sales
Third-Party Intermediaries
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Pre-Need Death Care Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Pre-Need Death Care Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Pre-Need Death Care Market, By Type
6. US Pre-Need Death Care Market, By Application
7. US Pre-Need Death Care Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Pre-Need Death Care Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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