Global Palliative Care Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Palliative Care Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Palliative Care market finds that the global Palliative Care market reached a value of USD 118250.0 million in 2022. It’s expected that the market will achieve USD 185111.38 million by 2028, exhibiting a CAGR of 7.76% during the forecast period.

The rapid development of the palliative care market in European and American countries

The Palliative Care Center is now recognized as a medical sub-specialty by the American Medical Professional Committee and Australia, Canada, the United Kingdom, New Zealand and Ireland. Many European countries are also developing palliative care certification. Most private health insurance companies treat palliative care as a benefit. If patients have limited or no financial resources, some hospitals can provide services for free. This factor has promoted the development of the palliative care market.

Increasing prevalence of life-threatening diseases

Due to the rising prevalence of life-threatening diseases such as cancer, heart failure, and end-stage renal disease, the number of elderly patients has increased, people’s awareness of the benefits of palliative care has increased, the adoption of palliative care services has become increasingly popular and organizations that provide palliative care Factors such as increasing numbers, the palliative care service market is expected to grow in the forecast.

Palliative care regulations have not yet been formed

Palliative care regulations have not yet been formed. For example, there is a lack of palliative care regulations that are highly integrated, easy to operate, and highlight full-process management. Relevant incentive policies and financial support need to be strengthened, medical insurance policies have no obvious tendency, and palliative care has not yet achieved hierarchical diagnosis and treatment. Too many patients are concentrated in large hospitals, and there is a lack of community and home palliative care services. All these require more attention from relevant academic groups and government agencies. This factor has brought more challenges to the development of the palliative care market.

Region Overview:

North America dominated the Palliative Care market in 2022, with a market share of 45.02%.

Company Overview:

Vitas Healthcare is one of the major players operating in the Palliative Care market, holding a share of 1.35% in 2023.

Vitas Healthcare

Vitas Healthcare provides medical services. The Company offers palliative medical care and related services that focus primarily on improving the quality of life of terminally ill patients and their families, as opposed to attempting to cure the underlying or end-stage disease.

Kindred Healthcare

Kindred Healthcare is a provider of healthcare service. The company specializes in nursing and rehabilitation centers, inpatient rehabilitation hospitals, home care, hospice, physical therapy, occupational therapy, speech and language pathology, transitional care hospitals and long-term acute care hospitals.

Segmentation Overview:

By type, Hospital Inpatient Care segment accounted for the largest share of market in 2022.

Application Overview:

In the Palliative Care market, 38.97% of the total value was generated through the Hospitals segment by application in 2022.

Key Companies in the global Palliative Care market covered in Chapter 3:

Vitas Healthcare
Sunrise Senior Living
Genesis HealthCare
Amedisys
Kindred Healthcare
LHC Group
Mayoclinic
Home Instead, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Palliative Care market from 2018 to 2029 is primarily split into:

Private Residence Care
Hospice Inpatient Care
Hospital Inpatient Care
Nursing Home and Residential Facility Care
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Palliative Care market from 2018 to 2029 covers:

Hospitals
Home Care Settings
Palliative Care Centers
Long-Term Care Centers & Rehabilitation Centers
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)