Market Overview:
The global palliative treatment market is expected to grow at a CAGR of 7.8% from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing incidence of chronic diseases, rising geriatric population, and growing demand for palliative care services. The global palliative treatment market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into private residence care, hospice inpatient care, hospital inpatient care, nursing home and residential facility care, and others. On the basis of application, hospitals accounted for the largest share in 2017 owing to increasing number of cancer patients requiring end-of-life or palliative treatments.
Product Definition:
The definition of Palliative Treatment is a medical treatment used to relieve the symptoms of a disease, without curing the disease. The importance of Palliative Treatment is that it can help improve the quality of life for someone who is suffering from a terminal illness.
Private Residence Care:
Private residence care is a form of medical palliative care that provides around the clock assistance to severely ill patients. It includes services such as bathing, dressing, personal care and monitoring symptoms. The service can be provided in the patient's home under the supervision of a physician or in an assisted living facility under the direction of physicians.
The global private residence care market was valued at USD 4.5 billion in 2015.
Hospice Inpatient Care:
Hospice inpatient care is a type of medical treatment provided to patients who are unable to receive the necessary medical care at home. The patient’s family is usually notified that the patient will require more extensive and continuous nursing and assistance, which may include round-the-clock availability for family caregivers. Hospice inpatient services are generally provided by specially trained nurses or hospice physicians along with any other needed healthcare professionals such as pharmacists, social workers, dietitians etc.
Application Insights:
The home care settings segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The growing geriatric population, coupled with rising healthcare costs, has led to an increase in demand for palliative treatment at home. According to a study published by the National Center for Biotechnology Information (NCBI) in 2018, it was observed that nearly 70% of patients prefer spending their last days or hours at home as opposed to a hospital setting. This trend is expected to continue over the coming years and will have a positive impact on industry growth during this forecast period.
Palliative treatment centers are designed specifically for providing comfort and ease of access to those suffering from life-threatening conditions while living at their homes instead of hospitals or other medical facilities.
Regional Analysis:
North America dominated the global market in 2017, with a revenue share of over 40.0%. The growth can be attributed to various factors such as increasing awareness about palliative care and its benefits, supportive government initiatives, availability of highly skilled professionals for patient care and management of pain & other symptoms, and presence of advanced healthcare infrastructure. Moreover high disposable income is also positively influencing the growth.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to growing geriatric population coupled with lifestyle stressors that lead to increased incidences of chronic diseases among individuals. These conditions are often accompanied by physical or psychological suffering which demands palliative treatment in order for an individual's last days peaceful & comfortable amidst loved ones rather than being restrained by severe pain or other distressing symptoms associated with it. This scenario will further boost regional market development during the forecast period from 2018 to 2030 (forecast).
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 treatments for managing these conditions.
- Rising awareness about palliative care: There has been a growing awareness about the benefits of palliative care in recent years. This has led to an increase in demand for such treatments, especially in developed countries where patients are more likely to seek out such options early on in their illness trajectory.
- Advances in technology and medicine: The field of palliative care is constantly evolving with new advances being made in medical technology and pharmacology every day. This has helped to improve the efficacy and tolerability of various palliative treatments, thereby driving market growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
Palliative Treatment 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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Palliative Treatment Market Report Segments:
The global Palliative Treatment 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 Treatment 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 Treatment 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 treatment is a type of care that is focused on relieving symptoms and providing comfort to patients with a serious illness or injury. This may include treatments such as pain relief, relaxation techniques, emotional support, and hospice care. Palliative treatment can help make the patient's final days more comfortable and peaceful.
Some of the major companies in the palliative treatment market are Vitas Healthcare, Skilled Healthcare Group, Sunrise Senior Living, Kindred Healthcare, Gentiva Health, Home Instead Senior, Amedisys, Genesis HealthCare.
The palliative treatment market is expected to grow at a compound annual growth rate of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Palliative Treatment 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 Treatment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Palliative Treatment 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 Treatment 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 Treatment Market Size & Forecast, 2020-2028 4.5.1 Palliative Treatment Market Size and Y-o-Y Growth 4.5.2 Palliative Treatment 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 Treatment 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 Treatment 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 Treatment Market: Competitive Dashboard
14.2 Global Palliative Treatment 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