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Hospices & Palliative Care Centers in the US Industry Data and Analysis
Hospice and palliative care centers in the US have experienced steady growth, driven by shifting demographics and heightened awareness of end-of-life care options. The growing share of adults aged 65 and older has driven utilization, particularly among Medicare beneficiaries, thereby intensifying demand for skilled, patient-centered services. Facilities have responded to the mounting volumes and complexity of patient needs by investing in workforce development and digital health capabilities. However, geographic disparities persist, with a far greater concentration of services available in urban regions compared to rural locales. Regulatory activity has increased in parallel with sector growth, spurred by ongoing changes to Medicare reimbursement rates and renewed scrutiny around compliance, quality reporting and ownership trends. Mergers and acquisitions led by major healthcare groups and for-profit organizations have redefined competition and operational models, encouraging consolidation and innovation, while also amplifying regulatory oversight and community expectations. Revenue has grown at a CAGR of 3.4% to $39.0 billion through 2025, including an expected 1.8% climb in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Hospices & Palliative Care Centers industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Hospices & Palliative Care Centers industry in the United States operates under the NAICS industry code OD4952. This industry provides programs that offer symptom relief and pain management for patients with life-terminating illnesses. Hospice care applies to companies that administer care (in terms of comfort rather than cure) to patients with life-limiting illnesses or diseases. Related terms covered in the Hospices & Palliative Care Centers industry in the United States include hospice, medicare and palliative care.
What's included in this industry?
Products and services covered in Hospices & Palliative Care Centers industry in the United States include Home care, Assisted living facility and Skilled nursing facility.
What companies are included in this industry?
Companies covered in the Hospices & Palliative Care Centers industry in the United States include Chemed Corporation.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Hospices & Palliative Care Centers industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Hospices & Palliative Care Centers industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Hospices & Palliative Care Centers industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Hospices & Palliative Care Centers industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Hospices & Palliative Care Centers industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Hospices & Palliative Care Centers industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Hospices & Palliative Care Centers industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Hospices & Palliative Care Centers industry in the United States.
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Frequently Asked Questions
What is the market size of the Hospices & Palliative Care Centers industry in the United States in 2026?
The market size of the Hospices & Palliative Care Centers industry in the United States is $39.0bn in 2026.
How many businesses are there in the Hospices & Palliative Care Centers industry in the United States in 2025?
There are 9,458 businesses in the Hospices & Palliative Care Centers industry in the United States, which has grown at a CAGR of 8.0 % between 2020 and 2025.
How may import tariffs affect the Hospices & Palliative Care Centers industry in the United States?
The Hospices & Palliative Care Centers industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Hospices & Palliative Care Centers industry in the United States?
The Hospices & Palliative Care Centers industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Hospices & Palliative Care Centers industry in the United States grown or declined over the past 5 years?
The market size of the Hospices & Palliative Care Centers industry in the United States has been growing at a CAGR of 3.4 % between 2020 and 2025.
What is the forecast growth of the Hospices & Palliative Care Centers industry in the United States over the next 5 years?
Over the next five years, the Hospices & Palliative Care Centers industry in the United States is expected to grow.
What are the biggest companies in the Hospices & Palliative Care Centers industry in the United States?
The biggest company operating in the Hospices & Palliative Care Centers industry in the United States is Chemed Corporation
What does the Hospices & Palliative Care Centers industry in the United States include?
Providing continuous home care and Care in assisted living facility are part of the Hospices & Palliative Care Centers industry in the United States.
Which companies have the highest market share in the Hospices & Palliative Care Centers industry in the United States?
The company holding the most market share in the Hospices & Palliative Care Centers industry in the United States is Chemed Corporation.
How competitive is the Hospices & Palliative Care Centers industry in the United States?
The level of competition is moderate and increasing in the Hospices & Palliative Care Centers industry in the United States.
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