Global End of Life Planning Market to Reach US$95.3 Billion by 2030

The global market for End of Life Planning estimated at US$67.9 Billion in the year 2024, is expected to reach US$95.3 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2024-2030. Funeral Services, one of the segments analyzed in the report, is expected to record a 5.9% CAGR and reach US$28.7 Billion by the end of the analysis period. Growth in the Estate Planning segment is estimated at 5.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$17.8 Billion While China is Forecast to Grow at 5.7% CAGR

The End of Life Planning market in the U.S. is estimated at US$17.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.4 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.4% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global End of Life Planning Market – Key Trends & Drivers Summarized

Why Is End of Life Planning Becoming a Crucial Consideration?

End-of-life planning refers to the process of preparing legal, financial, medical, and personal arrangements to ensure an individual’s wishes are honored regarding healthcare, asset distribution, and funeral planning. With an aging global population and increasing awareness of advance care directives, wills, estate planning, and palliative care, more individuals are taking proactive steps to outline their preferences. This planning reduces burden on families, prevents legal disputes, and ensures that medical decisions align with patient wishes. The rising cost of long-term healthcare, the complexity of estate management, and changing cultural attitudes toward death and dying have contributed to the growing adoption of end-of-life planning services.

Governments and healthcare organizations are actively promoting advance care planning (ACP) and living wills, allowing individuals to document their medical treatment preferences in case they become unable to communicate. Additionally, the increasing prevalence of chronic diseases, dementia, and terminal illnesses has highlighted the importance of early planning for palliative care and hospice services. Digital platforms offering secure online will creation, digital legacy management, and AI-powered estate planning tools are making end-of-life planning more accessible, especially to younger generations.

How Is Technology Transforming End of Life Planning?

Technology is playing a critical role in modernizing end-of-life planning, making the process more efficient, secure, and widely accessible. The development of AI-driven legal documentation platforms has streamlined the creation of wills, trusts, and power of attorney agreements, reducing reliance on traditional legal services. Additionally, blockchain technology is being integrated into estate planning to secure digital wills and prevent fraud, ensuring tamper-proof asset distribution.

Another significant advancement is the rise of virtual palliative care and telehealth services, allowing patients to discuss their end-of-life care preferences with healthcare professionals remotely. AI-powered funeral planning platforms are also emerging, helping individuals pre-plan their memorial services, burial preferences, and digital legacies. Digital memorialization services, such as cloud-based remembrance websites and AI-generated video tributes, are also becoming more popular, reflecting changing attitudes toward digital afterlife management.

What Is Driving the Growth of the End of Life Planning Market?

The growth in the end-of-life planning market is driven by increasing awareness of legal and medical preparedness, rising healthcare costs, and the digitization of estate and legacy management. The expansion of online will creation services, AI-driven estate planning tools, and digital asset management platforms has made end-of-life planning more accessible. The aging baby boomer population, growing demand for hospice care, and government policies encouraging advance directives have further contributed to market expansion.

Moreover, the integration of cloud-based storage solutions for legal documents, biometric authentication for estate execution, and blockchain-backed inheritance transfers is enhancing security and reliability in estate management. As cultural stigmas around discussing death continue to shift, the end-of-life planning market is expected to experience significant growth, with more personalized and tech-driven solutions catering to diverse demographics.