Pediatric Palliative Care Market Size, Share & Trends Analysis Report By Disease Condition (HIV, Injury, Poisoning, And External Causes), By Provider, By Region, And Segment Forecasts, 2024 - 2030

Pediatric Palliative Care Market Size, Share & Trends Analysis Report By Disease Condition (HIV, Injury, Poisoning, And External Causes), By Provider, By Region, And Segment Forecasts, 2024 - 2030

Pediatric Palliative Care Market Growth & Trends

The global pediatric palliative care market is anticipated to reach USD 22.88 billion by 2030 and is anticipated to expand at a CAGR of 11.95% during the forecast period, according to a new report by Grand View Research, Inc. The market's growth is attributed to the growing reimbursement for palliative care services in developing countries, increasing number of qualified staffs specialized for pediatric patients, and increasing prevalence of chronic conditions among these patient cohorts.

Several healthcare providers are establishing centers to cater to pediatrics, recognizing the importance of offering comprehensive services. This is anticipated to contribute to the market’s growth over the forecast period. For instance, in September 2022, the Cambridge University Hospitals NHS Foundation Trust (CUH) launched the Regional Advice and Facilitation Team (RAaFT), a new service for children, babies, and young people in partnership with Keech Hospice Care, East Anglia’s Children’s Hospices (EACH), and Little Havens Hospice in the East of England to enhance with 24/7 service to life-threatening and life-limiting conditions.

In addition, governments are providing funding to support the establishment and expansion of programs. This includes funding for infrastructure development, training for healthcare professionals, and research initiatives. For instance, from February 2024, a collaborative effort involving the Pain Relief and Palliative Care Society (PRPCS), Stanford University, Two Worlds Cancer Collaboration (TWCC), St Jude Global Palliative Care, Cipla Foundation, Canuck Place Children’s Hospice, and the International Children’s Palliative Care Network (ICPCN) resulted in the launch of the Children’s Palliative Care Leadership Institute, a new training program. This program features monthly online teaching and discussions with international and regional experts, a specialized workshop in Hyderabad, India, and mentoring and connections to established leaders in children’s sedative services.

Pediatric Palliative Care Market Report Highlights

• Based on disease condition, the HIV segment dominated the market in 2023. This is attributed to the increasing global incidence of pediatric HIV and a growing emphasis on services to improve the well-being of young HIV patients and their families.
• Based on provider, the home-based segment dominated the market in 2023. This is attributed to the increased demand for familiar environments, personalized care, lower hospitalization costs, and enhanced telehealth support.
• Europe region held the largest market share in 2023, which is attributed to the increasing awareness and acceptance of palliative services, an upsurge in chronic pediatric diseases and conditions necessitating palliative services, advancements in healthcare infrastructure, and supportive government policies and funding.
• In December 2023, Pallium India launched a Pediatric Palliative Care Workshop at the Child Development Center (CDC) Trivandrum from December 9th to 10th. The workshop's purpose was to empower doctors, medical social officers, and nurses with the skills and knowledge to provide effective and compassionate services for pediatric patients suffering from life-limiting illnesses.

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