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Market Overview of Global Palliative Care market:
According to our latest research, the global Palliative Care market looks promising in the next 5 years. As of 2022, the global Palliative Care market was estimated at USD 118250.0 million, and it's anticipated to reach USD 185111.38 million in 2028, with a CAGR of 7.76% during the forecast years.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Palliative Care market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Palliative Care Market Report:
Market Size Estimates: Palliative Care market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Palliative Care market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Palliative Care market
Segment Market Analysis: Palliative Care market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Palliative Care market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Palliative Care Market: Revenue and sales volume of major countries in each region
Palliative Care Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Palliative Care market in major regions.
Palliative Care Industry Value Chain: Palliative Care market raw materials & suppliers, manufacturing process, distributors, downstream customers
Palliative Care Industry News, Policies & Regulations
Key players in the global Palliative Care market are covered in Chapter 12:
LHC Group
Vitas Healthcare
Genesis HealthCare
Sunrise Senior Living
Kindred Healthcare
Amedisys
Home Instead, Inc.
Mayoclinic
In Chapter 2 and Chapter 15.1, based on types, the Palliative Care market from 2018 to 2028 is primarily split into:
Private Residence Care
Hospice Inpatient Care
Hospital Inpatient Care
Nursing Home and Residential Facility Care
Others
In Chapter 3 and Chapter 15.2, based on applications, the Palliative Care market from 2018 to 2028 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 of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Palliative Care market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028