Global Palliative Care Market Analysis

Global Palliative Care Market Executive Summary

Palliative care is a method used by the World Health Organization (WHO) to enhance the quality of life for patients and their families who are struggling with a terminal illness by treating the symptoms of an underlying disease or disorder. While hospice care is a specific form of palliative care that helps terminally ill people have peaceful, pain-free final weeks or days of life.

Patients with illnesses including cancer, congestive heart failure (CHF), CNS disorders, chronic pulmonary obstructive disease (COPD), and others receive palliative care, which relieves symptoms like nausea and vomiting, diarrhea, discomfort and anxiety, loss of appetite, and many more.

Market Size and Key Findings

The Global Palliative Care market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Global Palliative Care Market Size (In USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

One major factor driving the expansion of the palliative care market is the rising older population with advanced, progressive, or incurable diseases in developed areas. Additionally, the hospice industry's growing emphasis on comfort and control systems is giving all stakeholders new opportunities.

Market Restraints

Around 40 million individuals need palliative care annually, with 78% of them residing in low- and middle-income nations. The global market for palliative care is constrained by the lack of access to palliative care services in developing and impoverished nations. Essential medications, such as morphine for pain relief, are inaccessible in developing nations. These nations either do not provide any palliative care services or provide those services only toward the end of the disease for those with chronic, life-threatening illnesses.

Competitive Landscape

Key Players

The prominent players operating in this market include Vitas Healthcare Corporation, Sunrise Senior Living, LLC, Home Instead, Inc., Amedisys, Inc., Genesis Healthcare, Inc., LHC Group, Inc., Revera Inc., FC Compassus LLC, Kindred Healthcare, Seymour Health