Palliative Care

Global Palliative Care Market to Reach US$218.8 Billion by 2030

The global market for Palliative Care estimated at US$134.0 Billion in the year 2024, is expected to reach US$218.8 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2024-2030. Cancer, one of the segments analyzed in the report, is expected to record a 11.0% CAGR and reach US$76.5 Billion by the end of the analysis period. Growth in the Dementia segment is estimated at 5.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$36.5 Billion While China is Forecast to Grow at 13.7% CAGR

The Palliative Care market in the U.S. is estimated at US$36.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$48.5 Billion by the year 2030 trailing a CAGR of 13.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.1% and 8.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.

Global Palliative Care Market – Key Trends & Drivers Summarized

Why Is Palliative Care Becoming More Essential in Global Healthcare?

The demand for palliative care is increasing as the global population ages and the prevalence of chronic and life-limiting illnesses continues to rise. Palliative care plays a crucial role in improving the quality of life for patients with serious conditions such as cancer, cardiovascular diseases, neurodegenerative disorders, and advanced organ failure. As healthcare systems emphasize patient-centered care, the integration of palliative services into hospitals, hospices, and home-based settings has gained traction. Additionally, advancements in pain management, psychological support, and holistic therapies are enhancing the scope and accessibility of palliative care.

How Are Medical Innovations and Digital Health Transforming Palliative Care?

Technology is playing a key role in expanding access to palliative care services. The adoption of telemedicine, AI-driven symptom management, and remote patient monitoring has made palliative care more accessible, particularly in rural and underserved areas. Digital health platforms allow healthcare providers to coordinate patient care, offer virtual consultations, and optimize medication management. Additionally, the integration of wearable health devices enables real-time monitoring of vital signs, pain levels, and treatment effectiveness, allowing caregivers to provide timely interventions. The use of AI and predictive analytics is also helping healthcare professionals personalize treatment plans and anticipate patient needs more accurately.

What Challenges Exist in Expanding Palliative Care Services?

Despite its growing importance, palliative care faces challenges such as limited awareness, inadequate funding, and shortages of trained healthcare professionals. In many regions, palliative services are underdeveloped due to a lack of integration with primary healthcare systems and insufficient reimbursement policies. Additionally, cultural and social stigmas surrounding end-of-life care can prevent patients and families from seeking palliative services early in their disease progression. However, increasing advocacy efforts and policy reforms are gradually addressing these barriers, encouraging wider adoption of palliative care programs.

What’s Fueling the Growth of the Palliative Care Market?

The growth in the palliative care market is driven by several factors, including the rising incidence of chronic illnesses, increasing healthcare expenditures on supportive care, and the expansion of home-based palliative care services. The shift toward value-based healthcare models and patient-centered treatment approaches is further promoting the integration of palliative care into mainstream medical practice. Additionally, government initiatives and non-profit organizations focused on palliative care awareness, training, and funding are strengthening healthcare infrastructure to support this essential medical service.

SCOPE OF STUDY:

The report analyzes the Palliative Care market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Condition (Cancer, Dementia, HIV, Cerebrovascular Disease, Respiratory Disease, Other Conditions); Diagnostic Group (Non Communicable Diseases Group, Communicable Diseases Group, Injury Poisoning & External Causes Group, Maternal Perinatal & Nutritional Conditions Group); Provider Type (Home Based Providers, Hospitals & Clinics, Community Settings)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• African Palliative Care Association (APCA)
• Asia Pacific Hospice Palliative Care Network (APHN)
• Canadian Hospice Palliative Care Association (CHPCA)
• Chinese Association for Life Care
• European Association for Palliative Care (EAPC)
• German Association for Palliative Medicine (DGP)
• Hospice and Palliative Nurses Association (HPNA)
• Hospice UK
• Indian Association of Palliative Care (IAPC)
• International Association for Hospice & Palliative Care (IAHPC)
• Italian Society for Palliative Care (SICP)
• Japanese Society for Palliative Medicine (JSPM)
• Korean Society for Hospice and Palliative Care
• Latin American Association for Palliative Care (ALCP)
• National Hospice and Palliative Care Organization (NHPCO)
• New Zealand Palliative Care Council
• Palliative Care Australia
• Palliative Care South Africa (PCSSA)
• Singapore Hospice Council
• Worldwide Hospice Palliative Care Alliance (WHPCA)

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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