As per the updated reports of Future Market Insights, our lead analyst gives a detailed analysis of the healthcare market. As per the analysis, sales of palliative care hold a current valuation of USD 13.45 billion in 2024.
Reflecting on consumers’ expectations, palliative care producers work on simpler labels with understandable ingredients, reinforcing continuous demand. Going by this pattern, demand could rise and equate to a market valuation of USD 17.73 billion, with a sluggish CAGR of 2.8% by 2034.
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 13.45 billion |
| Market Value for 2034 | USD 17.73 billion |
| Market Forecast CAGR for 2024 to 2034 | 2.8% |
In 2019, the global palliative care market showed a potential worth USD 9.77 billion, according to Future Market Insights (FMI). The palliative care market witnessed significant growth, registering a CAGR of 8.50% from 2019 to 2023.
| Historical CAGR | 8.50% |
|---|---|
| Forecast CAGR | 2.8% |
The significant development of the market indicates a propelling awareness and adoption of palliative care services worldwide. Factors contributing to this improvement include the increase in geriatric populations, the development of the prevalence of chronic diseases, and evolvement in healthcare policies emphasizing patient-centered care.
Upgradations in palliative care treatments and therapies have secured the quality of life for patients with serious illnesses. The historical forecasted CAGR of 8.50% from 2019 to 2023 suggests a potential slowdown in market growth, mainly due to challenges such as healthcare system limitations, inadequate access to palliative care services, and economic constraints.
Despite the projected downtrend, the market remains integral to healthcare, offering comprehensive support and symptom management for individuals with life-limiting illnesses.
The below section shows the leading segment. Based on the service type, the hospital inpatient care segment is accounted to hold a market share of 29.8% in 2024. Based on end-users, the palliative care centers segment is accounted to hold a market share of 34.7% in 2024.
Patients require acute medical interventions and specialized care within hospital settings due to the prevalence of chronic and life-limiting illnesses.
Palliative care centers offer specialized care tailored to the unique needs of patients with life-limiting illnesses, explicitly provides holistic support that encompasses physical, psychosocial, and spiritual aspects of care.
| Category | Market Share in 2024 |
|---|---|
| Hospital Inpatient Care | 29.8% |
| Palliative Care Centers | 34.7% |
Based on the service type, the hospital inpatient care segment stands out, capturing a significant market share of 29.8%. Hospital inpatient care involves providing palliative care services within hospital settings, which caters to patients with complicated medical needs or those that require intense symptom management.
The segment prominently highlights the important role of hospitals in delivering palliative care, generally for patients with progressive illnesses who require specialized medical attention and comprehensive support services.
Based on end-users, the palliative care centers are accounted to hold a market share of 34.7% in 2024 underscoring the importance of dedicated palliative care facilities. Palliative care centers offer a holistic approach to their patients, focusing on symptom management, psychosocial support, and quality of life for individuals with life-limiting illnesses.
The centers contribute to a supportive environment helpful to comprehensive care delivery, encouraging collaborations among interdisciplinary teams and promoting patient and family-centered approaches to palliative care.
The table describes the top five countries ranked by revenue, with France holding the top position.
France leads the palliative care market because its robust healthcare system integrates palliative care into various settings. The country boasts extensive hospice and palliative care facilities, ensuring comprehensive support for patients with life-limiting illnesses.
France prioritizes interdisciplinary collaboration among healthcare professionals, promoting a patient-centered approach to palliative care that highlights quality of life and holistic support for patients and families.
Forecast CAGRs from 2024 to 2034
| Countries | CAGR through 2034 |
|---|---|
| United States | 1.9% |
| Germany | 3% |
| France | 4.8% |
| Italy | 4.2% |
| Spain | 3.8% |
The palliative care market is primarily utilized within healthcare institutions, including hospitals, hospices, and long-term care facilities.
Palliative care services are unified into the broader healthcare system to provide comprehensive support for patients with serious illnesses, focusing on symptom management, pain relief, and psychosocial support alongside curative treatments.
Palliative care is progressively utilized in community settings, encircling home-based care, outpatient clinics, and community palliative care teams. The emphasis is placed on delivering palliative care services in local healthcare centers, promoting continuity of care.
The palliative care market is primarily utilized in specialized units providing comprehensive care services. The units are often located within hospices and offer multidisciplinary care tailored to the needs of patients with advanced illnesses, focusing on pain management, symptom control, and end-of-life care in a supportive and specialized environment.
Palliative care is integrated into wider healthcare networks that envelop hospitals, primary care centers, and community-based services.
Palliative care teams cooperate with various healthcare professionals to deliver holistic care across different settings that ensure continuity of support for patients and families throughout the illness trajectory.
The market provides long-term care facilities, including nursing homes and residential homes for the elderly.
Such care services are integrated into long-term care settings to address the complex needs of elderly patients with incurable and life-limiting illnesses that emphasize comfort, dignity, and quality of life in a supportive and compassionate environment.
The palliative care market features a mix of established healthcare providers, specialized palliative care centers, and hospice organizations. Entrenched players leverage their experience and infrastructure and offer comprehensive palliative care services, while imminent entrants focus on niche segments or innovative service models.
With the boost in demand for palliative care services, competition intensifies, propelling providers to discriminate through the quality of care, service offerings, and patient-centered approaches that ultimately strive to meet the mellowing needs of patients and families who suffer from serious illness.
Some of the key developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 13.45 billion |
| Projected Market Valuation in 2034 | USD 17.73 billion |
| Value-based CAGR 2024 to 2034 | 2.8% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Service Type, End User, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Center to Advance Palliative Care (CAPC); UCLA Health; National Hospice and Palliative Care Organization; Vitas Healthcare Corporation; CHI Franciscan; University of Washington (UW Medical Center & UW Medicine); Seymour Health; KEHPCA (Kenya Hospices and Palliative Care Association); Sunrise Senior Living LLC |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 4: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 5: North America Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 6: North America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: Latin America Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 9: Latin America Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 11: Western Europe Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 12: Western Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 15: Eastern Europe Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: East Asia Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 21: East Asia Market Value (US$ Million) Forecast by End User, 2019 to 2034
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Service Type, 2019 to 2034
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End User, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 7: Global Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 8: Global Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 9: Global Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 10: Global Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 13: Global Market Attractiveness by Service Type, 2024 to 2034
Figure 14: Global Market Attractiveness by End User, 2024 to 2034
Figure 15: Global Market Attractiveness by Region, 2024 to 2034
Figure 16: North America Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 17: North America Market Value (US$ Million) by End User, 2024 to 2034
Figure 18: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 23: North America Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 24: North America Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 25: North America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 26: North America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 27: North America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 28: North America Market Attractiveness by Service Type, 2024 to 2034
Figure 29: North America Market Attractiveness by End User, 2024 to 2034
Figure 30: North America Market Attractiveness by Country, 2024 to 2034
Figure 31: Latin America Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 32: Latin America Market Value (US$ Million) by End User, 2024 to 2034
Figure 33: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 43: Latin America Market Attractiveness by Service Type, 2024 to 2034
Figure 44: Latin America Market Attractiveness by End User, 2024 to 2034
Figure 45: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 46: Western Europe Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 47: Western Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 48: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 52: Western Europe Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 58: Western Europe Market Attractiveness by Service Type, 2024 to 2034
Figure 59: Western Europe Market Attractiveness by End User, 2024 to 2034
Figure 60: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 61: Eastern Europe Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 62: Eastern Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 73: Eastern Europe Market Attractiveness by Service Type, 2024 to 2034
Figure 74: Eastern Europe Market Attractiveness by End User, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 76: South Asia and Pacific Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 77: South Asia and Pacific Market Value (US$ Million) by End User, 2024 to 2034
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 88: South Asia and Pacific Market Attractiveness by Service Type, 2024 to 2034
Figure 89: South Asia and Pacific Market Attractiveness by End User, 2024 to 2034
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 91: East Asia Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 92: East Asia Market Value (US$ Million) by End User, 2024 to 2034
Figure 93: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 97: East Asia Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 100: East Asia Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 101: East Asia Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 103: East Asia Market Attractiveness by Service Type, 2024 to 2034
Figure 104: East Asia Market Attractiveness by End User, 2024 to 2034
Figure 105: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 106: Middle East and Africa Market Value (US$ Million) by Service Type, 2024 to 2034
Figure 107: Middle East and Africa Market Value (US$ Million) by End User, 2024 to 2034
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Service Type, 2019 to 2034
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Service Type, 2024 to 2034
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Service Type, 2024 to 2034
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 118: Middle East and Africa Market Attractiveness by Service Type, 2024 to 2034
Figure 119: Middle East and Africa Market Attractiveness by End User, 2024 to 2034
Figure 120: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
As of 2024, the market for palliative care is expected to be valued at USD 13.45 billion.
The palliative care market is projected to expand at a CAGR of 2.8% between 2024 and 2034.
The hospital inpatient care segment is projected to dominate the industry.
By 2034, the market value of palliative care is expected to reach USD 17.73 billion.
France is likely the top-performing market, with a CAGR of 4.8%.
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