Palliative Care Market Analysis

Increasing incidence of life-threatening diseases such as cancer, cardiovascular and infective diseases is anticipated to be the major growth driver for the global palliative care market. Other factors responsible for rise in global palliative care market can be growing number of palliative care centers worldwide, extending application for homecare, increasing number of qualified physicians for hospice & palliative care, expanding aging demographics etc. But the high cost of the treatment can be a major restraint for the global palliative care market. Less expansion of medical care facilities for old age group people in Asia Pacific and Middle East region, reimbursement scenario and less private or public funding to hospital facilities and other medical care centers act as a global restraint to the overall palliative care market. In the current scenario, the palliative centers and medical care or long term care centers are majorly focused on overall palliative care procedures that enhances healthcare quality in three critical ways: successfully soothes physical symptoms, fortifies patient-family-doctor correspondence and basic leadership and guarantees very much planned care crosswise over healthcare services & medical care or home care settings.

Palliative Care Market: Segmentation

The global palliative care market has been classified on the basis of service type, end user and geography.

Palliative Care Market: Overview

The global market for palliative care is expected to flourish over the forecast period of 2017-2027 due to increasing awareness about physical, social and psychological, needs of patients with life-threatening diseases and their families. Majority of people receiving hospice care are the cancer patients, according to WHO.

Palliative Care Market: Region-wise Overview

Geographically, the global market for palliative care is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to take greater share in global palliative care market because of good reimbursement and insurance coverage for palliative care services. Countries like Mexico in the Latin American region have more number palliative care centers for children.

Some of the key players and healthcare service providers in global palliative care market are: Center to Advance Palliative Care (CAPC), UCLA Health, National Hospice and Palliative Care Organization, VITAS Healthcare, CHI Franciscan, University of Washington (UW Medical Center & UW Medicine), Seymour Health, KEHPCA (Kenya Hospices and Palliative Care Association) & others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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