Market Overview:
The global palliative care market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing incidence of chronic diseases, growing geriatric population, and rising demand for palliative care services. The global palliative care market is segmented by type into private residence care, hospice inpatient care, hospital inpatient care, nursing home and residential facility care, and others. The hospice inpatientcare segment is expected to grow at the highest CAGR during the forecast period owingto the increasing prevalence of cancer and other terminal illnesses.
Product Definition:
Palliative care is a type of care that is focused on relieving the symptoms and stress of a serious illness. It can be given to people who are not expected to live long or who have a life-threatening illness. Palliative care may be used along with other treatments, such as chemotherapy or radiation therapy, or it may be used instead of them.
Private Residence Care:
Private residence care is a service model that supports people to live as independently as possible in their homes with the help of professional caregivers. The primary goal of this care is to keep the residents safe and provide personalized attention on each level.
The global private residence care in palliation market size was valued at USD 5,867.9 million in 2016 and it's expected to grow at a CAGR of XX% over the forecast period.
Hospice Inpatient Care:
Hospice inpatient care is a form of medical treatment provided to patients who are unable to receive the necessary medical care at home. It is also known as hospital-based hospice or inpatient hospice. The main goal of this type of service is to provide comfort and security for as long as possible while providing high-quality healthcare services with an emphasis on minimizing unwanted effects.
Application Insights:
The market is segmented into Hospitals, home care settings, palliative care centers and long-term care centers and rehabilitation centers. The Hospitals segment dominated the global application segment in 2017 owing to factors such as availability of highly skilled staff for providing pain management services along with advanced medical equipment and technologies. Moreover, an increase in the number of hospitals offering palliative or end-of-lifecare has also positively influenced market growth over the recent years. For instance, according to a study published by National Center for Biotechnology Information (NCBI) in 2014; it was reported that around 50% of patients prefer spending their last days at home while another 25% prefer a hospital setting as compared to 20% who prefer a medical facility.
However, the Home Care Settings application is expected to witness lucrative CAGR during forecast period owing to increasing awareness about advance directives along with growing government support towards improving healthcare delivery system at household level across various regions globally including North America.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of palliative care organizations, availability of better infrastructure facilities for palliation, and high per capita expenditure on healthcare are some factors attributing to its largest share. Moreover, increasing life expectancy and growing awareness about palliative care are also responsible for its significant market share. According to the North American Association of Palliative Care Organizations (NAPCO), around 40% population in U.S.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions leading towards higher disposable income levels among middle class groups in countries such as China & India thereby driving demand for advanced healthcare services including palliative ones at an exponential rate during this period.
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. As a result, there is an increased demand for palliative care services to manage the symptoms and improve the quality of life for patients with chronic illnesses.
- Aging population: The number of people aged 65 years or above is growing rapidly across the world. This has led to a corresponding increase in the demand for palliative care services, as most elderly patients require specialized care and support during their final stages of life.
- Rising awareness about palliative care: There has been a significant increase in awareness about palliative care in recent years, thanks to various campaigns and initiatives by healthcare organizations and governments worldwide. As a result, more people are now seeking out these services to get relief from their debilitating symptoms late in life.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palliative Care Market Research Report
By Type
Private Residence Care, Hospice Inpatient Care, Hospital Inpatient Care, Nursing Home and Residential Facility Care, Others
By Application
Hospitals, Home Care Settings, Palliative Care Centers, Long-Term Care Centers & Rehabilitation Centers, Others
By Companies
Vitas Healthcare, Skilled Healthcare Group, Sunrise Senior Living, Kindred Healthcare, Gentiva Health, Home Instead Senior, Amedisys, Genesis HealthCare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Palliative Care Market Report Segments:
The global Palliative Care market is segmented on the basis of:
Types
Private Residence Care, Hospice Inpatient Care, Hospital Inpatient Care, Nursing Home and Residential Facility Care, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Home Care Settings, Palliative Care Centers, Long-Term Care Centers & Rehabilitation Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vitas Healthcare
- Skilled Healthcare Group
- Sunrise Senior Living
- Kindred Healthcare
- Gentiva Health
- Home Instead Senior
- Amedisys
- Genesis HealthCare
Highlights of The Palliative Care Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Private Residence Care
- Hospice Inpatient Care
- Hospital Inpatient Care
- Nursing Home and Residential Facility Care
- Others
- By Application:
- Hospitals
- Home Care Settings
- Palliative Care Centers
- Long-Term Care Centers & Rehabilitation Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Palliative Care Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Palliative care is a type of care that focuses on relieving symptoms and providing support for people with serious illnesses. It can help improve the quality of life for patients and their families. Palliative care can include treatments such as pain relief, counseling, and emotional support.
Some of the major players in the palliative care market are Vitas Healthcare, Skilled Healthcare Group, Sunrise Senior Living, Kindred Healthcare, Gentiva Health, Home Instead Senior, Amedisys, Genesis HealthCare.
The palliative care market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Palliative Care Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Palliative Care Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Palliative Care Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Palliative Care Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Palliative Care Market Size & Forecast, 2020-2028
4.5.1 Palliative Care Market Size and Y-o-Y Growth
4.5.2 Palliative Care Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Private Residence Care
5.2.2 Hospice Inpatient Care
5.2.3 Hospital Inpatient Care
5.2.4 Nursing Home and Residential Facility Care
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Home Care Settings
6.2.3 Palliative Care Centers
6.2.4 Long-Term Care Centers & Rehabilitation Centers
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Palliative Care Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Palliative Care Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Private Residence Care
9.6.2 Hospice Inpatient Care
9.6.3 Hospital Inpatient Care
9.6.4 Nursing Home and Residential Facility Care
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Home Care Settings
9.10.3 Palliative Care Centers
9.10.4 Long-Term Care Centers & Rehabilitation Centers
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Private Residence Care
10.6.2 Hospice Inpatient Care
10.6.3 Hospital Inpatient Care
10.6.4 Nursing Home and Residential Facility Care
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Home Care Settings
10.10.3 Palliative Care Centers
10.10.4 Long-Term Care Centers & Rehabilitation Centers
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Private Residence Care
11.6.2 Hospice Inpatient Care
11.6.3 Hospital Inpatient Care
11.6.4 Nursing Home and Residential Facility Care
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Home Care Settings
11.10.3 Palliative Care Centers
11.10.4 Long-Term Care Centers & Rehabilitation Centers
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Private Residence Care
12.6.2 Hospice Inpatient Care
12.6.3 Hospital Inpatient Care
12.6.4 Nursing Home and Residential Facility Care
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Home Care Settings
12.10.3 Palliative Care Centers
12.10.4 Long-Term Care Centers & Rehabilitation Centers
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Private Residence Care
13.6.2 Hospice Inpatient Care
13.6.3 Hospital Inpatient Care
13.6.4 Nursing Home and Residential Facility Care
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Home Care Settings
13.10.3 Palliative Care Centers
13.10.4 Long-Term Care Centers & Rehabilitation Centers
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Palliative Care Market: Competitive Dashboard
14.2 Global Palliative Care Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vitas Healthcare
14.3.2 Skilled Healthcare Group
14.3.3 Sunrise Senior Living
14.3.4 Kindred Healthcare
14.3.5 Gentiva Health
14.3.6 Home Instead Senior
14.3.7 Amedisys
14.3.8 Genesis HealthCare
