In a new report entitled Deathcare: United States, market research publisher Freedonia Focus Reports forecasts total US deathcare service revenues, which are expected to rise at an average annual rate of 1.5% from 2015 through 2020.
Unsurprisingly, key drivers include an expansion in the number of deaths in the US as the large population of baby boomers age into typical end-of-life cohorts. In addition, rising disposable personal income levels will support spending on higher-priced and more diverse service offerings. However, an ongoing shift away from burial and toward lower-cost cremation will restrain faster gains in growth. Freedonia also observed a downward trend in the shipments of burial caskets from US manufacturers, driven in part by the shift from burial to cremation, but also by intensifying competition from a growing pool of rental caskets serving the cremation market. Samples of two key charts are provided below; annual data are provided in the report for the segments and total.
Part of the service that Freedonia analysts offer is the synthesis of data points from multiple sources into a single report. Deathcare Services: United States draws on data from the Bureau of Economic Analysis, the US Census Bureau, the Cremation Association of North America, and the National Funeral Directors Association. Freedonia’s historical assessments and forecasts are widely used by manufacturers, service providers, distributors, financial firms, and consultants for benchmarking, identifying opportunities, and understanding trends. Other service-related reports published by Freedonia Focus Reports include Employment Services: United States, Medical Services: United States, Freight Services: United States, and Repair Services: United States.
The Freedonia Group is offering a 15% discount to members of the Casket and Funeral Supply Association of America interested in purchasing Deathcare: United States. The discounted purchase is available via http://www.marketresearch.com/Freedonia-Focus-v3334/Deathcare-United-States-9864039/?progid=88506. Enter promo code FreedoniaFocus15 to obtain the discount. A table of contents and detailed description are also provided via the link.
Freedonia Focus Reports is a division of The Freedonia Group, an international market-research publisher and consulting company, founded in 1985 and based in Cleveland, Ohio. Published in 20-30 pages, Focus Reports are intended to guide the busy reader through pertinent market-related topics in rapid succession. Topics run the gamut from raw materials to finished commercial and consumer products as well as various related services. www.freedoniagroup.com
Editor’s note: The published purchase price begins at $750.