Estimate Number of Caskets / Mortality Rate

brainstorming estimate market entry
New answer on Oct 06, 2019
1 Answer
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Anonymous A asked on Oct 05, 2019

How would one approach let's say the worth of caskets industry or alternatively the number of people dying in a year?

I am thinking of these pathways.

Population - > look at the general of elderly people. Know that average age span is 60-70, so would take them as primary candidates.

I was then considering income status, meaning if they can afford treatment they might live a bit longer by a few years

In terms of caskets, I will take religion into account for example done religions use it.

How do you account for deaths that are not natural? Infants, accidents, diabetes, obesity etc?

I can see multiple facets but don't know how to conclude or proceed further.

Please suggest and let me know.

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Vlad
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replied on Oct 06, 2019
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

If the life expectancy is 70 years, then the number of people dying each year is 1/70 * population

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Vlad

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McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
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