Product Code: GVR-4-68040-207-3
End of Life Planning Market Growth & Trends:
The global end of life planning market size is expected to reach USD 45.17 billion by 2030 and it is projected to grow at a CAGR of 6.52% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market's growth is primarily attributed to factors such as growing awareness about the importance of end-of-life planning and growing adoption of digitalization and technology.
The increasing geriatric population is a major contributor to the market growth. According to the United Nations World Population Prospects, in 2022, the global population of individuals aged 65 and above stood at 771 million, constituting nearly 10% of the world's populace. This demographic cohort has been experiencing rapid growth, projected to reach 16% by 2050 and an estimated 24% by 2100. As the global population ages, there is an increasing demand for end-of-life planning services. Older individuals are more likely to consider their mortality and make arrangements for their estates, funeral preferences, and healthcare directives.
There is a growing demand for personalized and customized end-of-life planning solutions that cater to individual preferences, cultural traditions, and religious beliefs. Service providers offer a wide range of options to accommodate diverse needs and ensure that client's wishes are respected. Moreover, Concerns about the financial implications of end-of-life care and funeral expenses drive many individuals to plan ahead and make arrangements to alleviate the burden on their loved ones.
Furthermore, key companies in the market are undertaking various strategic initiatives to expand their market presence and product reach. For instance, in February 2023, OneAccord Health, and ADVault Inc. are extending their innovative digital service aimed at empowering end-of-life decisions. This initiative aims to broaden its focus by incorporating more direct-to-consumer engagement. Its goal is to empower healthcare professionals, stakeholders, and the community to participate in discussions about patients' values, goals, and preferences during advance care planning.
End of Life Planning Market Report Highlights:
- Based on service, the estate planning segment held the market with the largest revenue share of 28.74% in 2023. The legal complexities often require professional assistance from lawyers specializing in estate law, making it a lucrative segment
- The advanced healthcare directives segment is expected to grow at the fastest CAGR of 7.09% in the forecast years. There has been an increasing awareness among individuals about the importance of advanced healthcare directives. People are realizing the significance of making decisions about their medical care in advance
- Based on area, the urban segment led the market with the largest revenue share of in 2023, due to Urban areas usually have better access to a wide range of services, including legal, financial, and healthcare services
- The rural segment is expected to grow at the fastest CAGR in the forecast years. The increasing awareness about the end-of-line planning services in the area drive market growth in the forecast period
- Based on demographic, the elderly population segment led the market with a largest revenue share of 73.89% in 2023. As people age, they become more aware of their mortality and the need to plan for end-of-life matters such as estate distribution, healthcare preferences, and funeral arrangements
- North America held the market with the largest revenue share of 35.76% in 2023. The region has well-established legal and financial infrastructures that support end-of-life planning activities. Individuals can access experienced lawyers, financial planners, and other professionals specializing in estate planning and related services
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.5. Details of primary research
- 1.5.1. Data for primary interviews in North America
- 1.5.2. Data for primary interviews in Europe
- 1.5.3. Data for primary interviews in Asia Pacific
- 1.5.4. Data for primary interviews in Latin America
- 1.5.5. Data for Primary interviews in MEA
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.1.1. Approach 1: Commodity flow approach
- 1.7.2. Volume price analysis (Model 2)
- 1.7.2.1. Approach 2: Volume price analysis
- 1.8. Research Scope and Assumptions
- 1.8.1. List of Secondary Sources
- 1.8.2. List of Primary Sources
- 1.8.3. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. End of Life Planning Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Rising Aging Population
- 3.2.1.2. Increasing Awareness and Education
- 3.2.1.3. Digitalization and Technology
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Cost Concerns
- 3.2.2.2. Cultural and Religious Differences
- 3.3. End of Life Planning Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social Landscape
- 3.3.2.3. Technological landscape
Chapter 4. End of Life Planning Market: Service Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. End of Life Planning Market: Service Movement Analysis
- 4.3. Global End of Life Planning Market Size & Trend Analysis, by Service, 2018 to 2030 (USD Million)
- 4.4. Funeral Services
- 4.4.1. Funeral Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Estate Planning
- 4.5.1. Estate Planning Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Digital Legacy Services
- 4.6.1. Digital Legacy Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Grief Counseling and Support
- 4.7.1. Grief Counseling and Support Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Advanced Healthcare Directives
- 4.8.1. Advanced Healthcare Directives Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Others
- 4.9.1. Other Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. End of Life Planning Market: Area Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. End-of-Life Planning Market: Area Movement Analysis
- 5.3. Global End of Life Planning Market Size & Trend Analysis, by Area, 2018 to 2030 (USD Million)
- 5.4. Urban
- 5.4.1. Urban Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Rural
- 5.5.1. Rural Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. End of Life Planning Market: Demographic Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. End-of-Life Planning Market: Demographic Movement Analysis, 2022 & 2030 (USD Million)
- 6.3. Global End of Life Planning Market Size & Trend Analysis, by Demographic, 2018 to 2030 (USD Million)
- 6.4. Elderly population
- 6.4.1. Elderly Population Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Middle age population
- 6.5.1. Middle age population Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Young Adult
- 6.6.1. Young Adult Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. End-of-Life Planning Market: Regional Estimates & Trend Analysis, by Services, by Area, by Demographic
- 7.1. End-of-Life Planning Market: Regional Movement Analysis, 2022 & 2030
- 7.2. North America
- 7.2.1. North America End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. Competitive Scenario
- 7.2.2.3. Prevalence Insights
- 7.2.2.4. Regulatory Framework
- 7.2.2.5. Reimbursement Structure
- 7.2.2.6. U.S. End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Competitive Scenario
- 7.2.3.3. Prevalence Insights
- 7.2.3.4. Regulatory Framework
- 7.2.3.5. Reimbursement Structure
- 7.2.3.6. Canada End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Competitive Scenario
- 7.3.2.3. Prevalence Insights
- 7.3.2.4. Regulatory Framework
- 7.3.2.5. Reimbursement Structure
- 7.3.2.6. UK End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Competitive Scenario
- 7.3.3.3. Prevalence Insights
- 7.3.3.4. Regulatory Framework
- 7.3.3.5. Reimbursement Structure
- 7.3.3.6. Germany End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. Competitive Scenario
- 7.3.4.3. Prevalence Insights
- 7.3.4.4. Regulatory Framework
- 7.3.4.5. Reimbursement Structure
- 7.3.4.6. France End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Competitive Scenario
- 7.3.5.3. Prevalence Insights
- 7.3.5.4. Regulatory Framework
- 7.3.5.5. Reimbursement Structure
- 7.3.5.6. Italy End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Competitive Scenario
- 7.3.6.3. Prevalence Insights
- 7.3.6.4. Regulatory Framework
- 7.3.6.5. Reimbursement Structure
- 7.3.6.6. Spain End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Competitive Scenario
- 7.3.7.3. Prevalence Insights
- 7.3.7.4. Regulatory Framework
- 7.3.7.5. Reimbursement Structure
- 7.3.7.6. Denmark End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Key Country Dynamics
- 7.3.8.2. Competitive Scenario
- 7.3.8.3. Prevalence Insights
- 7.3.8.4. Regulatory Framework
- 7.3.8.5. Reimbursement Structure
- 7.3.8.6. Sweden End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Key Country Dynamics
- 7.3.9.2. Competitive Scenario
- 7.3.9.3. Prevalence Insights
- 7.3.9.4. Regulatory Framework
- 7.3.9.5. Reimbursement Structure
- 7.3.9.6. Norway End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Competitive Scenario
- 7.4.2.3. Prevalence Insights
- 7.4.2.4. Regulatory Framework
- 7.4.2.5. Reimbursement Structure
- 7.4.2.6. Japan End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Competitive Scenario
- 7.4.3.3. Prevalence Insights
- 7.4.3.4. Regulatory Framework
- 7.4.3.5. Reimbursement Structure
- 7.4.3.6. China End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Competitive Scenario
- 7.4.4.3. Prevalence Insights
- 7.4.4.4. Regulatory Framework
- 7.4.4.5. Reimbursement Structure
- 7.4.4.6. India End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5. Australia
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Competitive Scenario
- 7.4.5.3. Prevalence Insights
- 7.4.5.4. Regulatory Framework
- 7.4.5.5. Reimbursement Structure
- 7.4.5.6. Australia End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6. Thailand
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Competitive Scenario
- 7.4.6.3. Prevalence Insights
- 7.4.6.4. Regulatory Framework
- 7.4.6.5. Reimbursement Structure
- 7.4.6.6. Thailand End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7. South Korea
- 7.4.7.1. Key Country Dynamics
- 7.4.7.2. Competitive Scenario
- 7.4.7.3. Prevalence Insights
- 7.4.7.4. Regulatory Framework
- 7.4.7.5. Reimbursement Structure
- 7.4.7.6. South Korea End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Competitive Scenario
- 7.5.2.3. Prevalence Insights
- 7.5.2.4. Regulatory Framework
- 7.5.2.5. Reimbursement Structure
- 7.5.2.6. Brazil End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Competitive Scenario
- 7.5.3.3. Prevalence Insights
- 7.5.3.4. Regulatory Framework
- 7.5.3.5. Reimbursement Structure
- 7.5.3.6. Mexico End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Competitive Scenario
- 7.5.4.3. Prevalence Insights
- 7.5.4.4. Regulatory Framework
- 7.5.4.5. Reimbursement Structure
- 7.5.4.6. Argentina End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Competitive Scenario
- 7.6.2.3. Prevalence Insights
- 7.6.2.4. Regulatory Framework
- 7.6.2.5. Reimbursement Structure
- 7.6.2.6. South Africa End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Competitive Scenario
- 7.6.3.3. Prevalence Insights
- 7.6.3.4. Regulatory Framework
- 7.6.3.5. Reimbursement Structure
- 7.6.3.6. Saudi Arabia End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Competitive Scenario
- 7.6.4.3. Prevalence Insights
- 7.6.4.4. Regulatory Framework
- 7.6.4.5. Reimbursement Structure
- 7.6.4.6. UAE End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Competitive Scenario
- 7.6.5.3. Prevalence Insights
- 7.6.5.4. Regulatory Framework
- 7.6.5.5. Reimbursement Structure
- 7.6.5.6. Kuwait End-of-Life Planning Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Share Analysis, 2023
- 8.3. Strategy Mapping
- 8.4. Company Profiles/Listing
- 8.4.1. Everplans
- 8.4.1.1. Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Cake
- 8.4.2.1. Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. TrustandWill
- 8.4.3.1. Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Funeralocity
- 8.4.4.1. Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Eterneva
- 8.4.5.1. Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Gathered Here Pvt Ltd.
- 8.4.6.1. Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Sue Mackey
- 8.4.7.1. Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Dignity
- 8.4.8.1. Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Service Corporation International (SCI)
- 8.4.9.1. Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Death with Dignity
- 8.4.10.1. Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives