The deathcare industry, valued at $147 billion with a predicted CAGR of 6.1%, is seeing technological advancements that are modernizing its services. As the Baby Boomer generation ages, there is an increased demand for deathcare services, bolstering market growth expected to reach $209.6 billion by 2030. Private equity investments in the "death tech" sector are on the rise, with 162 out of 948 startups receiving a substantial $837 million in funding. This technological shift is set to enhance established deathcare companies with innovative tools and services.
The global deathcare industry is presently $147 billion, with a CAGR of 6.1%, and a 2030 target of $209.6 billion, reflecting growing demand due to demographic shifts.
Digital technology is making inroads into modernizing the deathcare sector, with numerous startups attracting private equity investment to innovate and enhance services.
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