The UK has an ageing population. For the Residential Nursing Care industry, this is an opportunity for growth, with demand for more beds expanding. Homes have upped their average weekly fees, contributing to revenue growth. Soaring inflation over the two years through 2023-24 has further raised nursing home fees. However, state involvement has limited growth, which has kept care fees artificially low for many nursing home residents. Residential nursing care revenue is anticipated to climb at a compound annual rate of 2.9% over the five years through 2025-26 to £10.3 billion, including a forecast hike of 1.2% in 2025-26. Weak government funding and wage cost pressures caused by the rising National Living Wage (which climbed to £12.21 in April 2025) have constrained profitability. Labour supply shortages caused by high turnover rates have been of particular concern. According to Skills For Care, the job vacancy rate in 2023-24 in the adult care sector was 8.3%, far above the average rate in the UK economy. That being said, the vacancy rate is declining, mainly thanks to a government-driven recruitment drive to attract overseas workers, which has been helped by reducing visa requirements. Climbing real household disposable income has supported more self-funded residents, aiding residential nursing care. However, data from the Office for National Statistics reveals the percentage of self-funded residents fell from 36.7% in 2019-20 to 34.9% over the year through February 2022. Families were struggling with the rising cost of living, reducing the number of people able to afford private care home costs, which constrained revenue growth. In the year through February 2023, the number of self-funded residents at nursing care homes climbed to 37% of the 372,035 residents. In the two years through 2025-26, interest rates have fallen, stimulating spending on discretionary services like residential nursing homes. Real disposable income is inching up in line with wage costs, which is raising demand for self-funded residents and lifting care homes’ revenue. Over the five years through 2030-31, residential nursing care revenue is estimated to expand at a compound annual rate of 2.3% to £11.5 billion. Robust demand from an ageing population will support industry growth. However, plans for adult social care reforms are to be released in two stages (the first in 2026 and the second in 2028), which has caused greater uncertainty for the sector's future. Staff shortage concerns will continue to plague nursing care.

Detailed disaggregated household projections for England, by region and local authority. The 2022-based projections are the most recent available.

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Hospice Market Size 2024-2028

The hospice market size is forecast to increase by USD 111.1 billion, at a CAGR of 4.88% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing geriatric population and increasing geriatric medicine and the rising emphasis on person-centered care in hospice settings. The aging demographic trend is fueling a surge in demand for hospice services and digital health as the elderly population is more likely to require end-of-life care. This demographic shift is a major opportunity for hospice providers to expand their offerings and cater to the unique needs of this population. However, the high cost of healthcare remains a significant challenge for the market. The escalating costs of providing quality care, coupled with regulatory requirements and reimbursement pressures, put pressure on hospice providers to optimize their operations and manage costs effectively.
To navigate these challenges, hospice providers must explore innovative care models, leverage technology to improve efficiency, and collaborate with healthcare partners to share resources and reduce costs. By addressing these challenges, hospice providers can capitalize on the market's growth potential and deliver high-quality, person-centered care to their patients.

What will be the Size of the Hospice Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities shaping its landscape. Medication management, a crucial aspect, is increasingly integrated into hospice care through advanced technologies and specialized services. Wound care and home infusion therapy are also gaining prominence, providing comfort and symptom relief for patients. Hospice chaplains offer spiritual care, while home health aides and social workers ensure patient needs are met beyond medical care. Palliative care and grief counseling are essential components of holistic care, addressing the emotional and psychological aspects of end-of-life care. Referral pathways streamline the transition between various care settings, ensuring seamless continuity. Hospice volunteer coordinators play a vital role in supporting patients and families, while hospice physicians and administrators oversee the delivery of quality care.

Quality indicators, discharge planning, and spiritual assessment are key focus areas for enhancing patient satisfaction and improving overall care. Community resources, financial assistance, and durable medical equipment are essential for ensuring accessibility and affordability. Caregiver training and volunteer services are integral to supporting families and enhancing the patient experience. Symptom management, pain control, and nutritional support are ongoing priorities for hospice care. The market's continuous evolution reflects the diverse needs of patients and families, requiring a comprehensive approach to care that integrates medical, emotional, and spiritual support.

How is this Hospice Industry segmented?

The hospice industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Home settings
  Hospitals
  Specialty nursing homes
  Hospice care centers


Type

  Nursing services
  Medical supply services
  Physician services
  Other services


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China


  Rest of World (ROW)

By End-user Insights

The home settings segment is estimated to witness significant growth during the forecast period.

In the realm of healthcare, hospice care has emerged as a significant solution for individuals with chronic illnesses or those recovering from acute hospitalization. Hospice services encompass a range of social and medical offerings tailored to patients' needs. Registered and licensed nurses, therapists, dieticians, case managers, and nutritionists are among the professionals providing care. Home health aides, personal caregivers, and daily chores assistance are also included. These services extend to essential products, devices, and solutions for home settings. Hospice care goes beyond medical care, encompassing spiritual assessment, family support groups, and bereavement services. Outpatient hospice and inpatient hospice cater to varying patient requirements.

Quality indicators, discharge planning, and symptom management are integral components of hospice care. Caregiver training, volunteer services, and physician services ensure comprehensive patient care. Financial assistance, durable medical equipment, medication management, wound care, home infusion t

The Organisation for Economic Co-operation and Development (OECD) Health Statistics offers the most comprehensive source of comparable statistics on health and health systems across OECD countries. It is an essential tool for health researchers and policy advisors in governments, the private sector and the academic community, to carry out comparative analyses and draw lessons from international comparisons of diverse health care systems. Within UKDS.Stat the data are presented in the following databases:

Health status

This datasets presents internationally comparable statistics on morbidity and mortality with variables such as life expectancy, causes of mortality, maternal and infant mortality, potential years of life lost, perceived health status, infant health, dental health, communicable diseases, cancer, injuries, absence from work due to illness. The annual data begins in 2000.

Non-medical determinants of health

This dataset examines the non-medical determinants of health by comparing food, alcohol, tobacco consumption and body weight amongst countries. The data are expressed in different measures such as calories, grammes, kilo, gender, population. The data begins in 1960.

Healthcare resources

This dataset includes comparative tables analyzing various health care resources such as total health and social employment, physicians by age, gender, categories, midwives, nurses, caring personnel, personal care workers, dentists, pharmacists, physiotherapists, hospital employment, graduates, remuneration of health professionals, hospitals, hospital beds, medical technology with their respective subsets. The statistics are expressed in different units of measure such as number of persons, salaried, self-employed, per population. The annual data begins in 1960.

Healthcare utilisation

This dataset includes statistics comparing different countries’ level of health care utilisation in terms of prevention, immunisation, screening, diagnostics exams, consultations, in-patient utilisation, average length of stay, diagnostic categories, acute care, in-patient care, discharge rates, transplants, dialyses, ICD-9-CM. The data is comparable with respect to units of measures such as days, percentages, population, number per capita, procedures, and available beds.

Health Care Quality Indicators

This dataset includes comparative tables analyzing various health care quality indicators such as cancer care, care for acute exacerbation of chronic conditions, care for chronic conditions and care for mental disorders. The annual data begins in 1995.

Pharmaceutical market

This dataset focuses on the pharmaceutical market comparing countries in terms of pharmaceutical consumption, drugs, pharmaceutical sales, pharmaceutical market, revenues, statistics. The annual data begins in 1960.

Long-term care resources and utilisation

This dataset provides statistics comparing long-term care resources and utilisation by country in terms of workers, beds in nursing and residential care facilities and care recipients. In this table data is expressed in different measures such as gender, age and population. The annual data begins in 1960.

Health expenditure and financing

This dataset compares countries in terms of their current and total expenditures on health by comparing how they allocate their budget with respect to different health care functions while looking at different financing agents and providers. The data covers the years starting from 1960 extending until 2010. The countries covered are Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, and United States.

Social protection

This dataset introduces the different health care coverage systems such as the government/social health insurance and private health insurance. The statistics are expressed in percentage of the population covered or number of persons. The annual data begins in 1960.

Demographic references

This dataset provides statistics regarding general demographic references in terms of population, age structure, gender, but also in term of labour force. The annual data begins in 1960.

Economic references

This dataset presents main economic indicators such as GDP and Purchasing power parities (PPP) and compares countries in terms of those macroeconomic references as well as currency rates, average annual wages. The annual data begins in 1960.

These data were first provided by the UK Data Service in November 2014.