Palliative Care Market

Palliative Care Market Revenue Analysis By Top
Players Vitas Healthcare Corporation, Skilled
Healthcare Group Incorporated
Palliative care is specialized medical care for people suffering from serious illness. This type of
care is focused on relief from the symptoms and stress of a serious illness. Palliative care is
provided by a specially-trained team of doctors, nurses, and other specialists. Palliative care
teams specialize in treating people suffering from serious illnesses such as cancer, congestive
heart failure (CHF), chronic obstructive pulmonary disease (COPD), kidney disease, Alzheimer’s,
Parkinson’s, Amyotrophic Lateral Sclerosis (ALS) and others. Palliative care market size is
increasing in higher income countries such as European countries and Japan due to rising
geriatric population suffering from chronic illness. Palliative care also includes equipment such
as wheelchairs, walkers, crutches, oxygen equipment, blood pressure monitors, etc.
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Global Palliative Care Market Drivers
The palliative care market revenue is expected to witness significant growth over the forecast
period, owing to increasing demand for palliative care centers by patients suffering from
chronic illness. For instance, according to Center to Advance Palliative Care (CAPC), in North
America, the prevalence of hospitals with a palliative care team increased from 658 to 1,831,
which is around 178% increase from 2000 to 2016.
Increasing geriatric population suffering from chronic illness is contributing to the palliative care
market size. Palliative care centers are widely involved in taking care of elderly patients
affected with chronic illness. According to National Council on Aging 2018 report, around 80%
of older adults have at least one chronic disease and 77% have at least two chronic diseases
such as heart disease, cancer, stroke, and diabetes.
Report includes chapters which deeply display the following deliverable about industry :
• Palliative Care Market Research Objective and Assumption
• Palliative Care Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Palliative Care Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Palliative Care Market, By Regions
• Palliative Care Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Palliative Care Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.
• Palliative Care Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Palliative Care Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Global Palliative Care Market: Restraints
The major restraining factor for palliative care market growth is unawareness in emerging
economies regarding palliative care services and centers, where the services are highly required
due to inadequate healthcare facilities. For instance, in 2014, a study named Global Atlas of
Palliative Care at the End of Life, published by the World Health Organization (WHO) and the
Worldwide Palliative Care Alliance (WPCA), found that only 14% of people in the world
needing palliative care receive it and only 20 countries have palliative care firmly integrated
into their healthcare systems. According to the report, most palliative care is provided in highincome countries, but almost 80% of the global need for palliative care services is in low- and
middle-income countries.
Global Palliative Care Market: Regional Analysis
North America is expected to hold the dominant position in the palliative care market, owing
to increased spending on healthcare facilities, infrastructure, and healthcare policies for
treatment of chronic diseases. For instance, according to National Health Expenditure Accounts
(NHEA), the U.S. health care spending increased 3.9% in 2017 reaching US$ 3.5 trillion or US$
10,739 per person, compared to 2016 which was US$ 3.3 trillion
Asia Pacific palliative care market revenue is expected to witness significant growth owing to
increasing patient base of chronic illness in older adults. For instance, China has the largest
population in the world, according to the WHO 2013 report, out of the 202 million older
people in China, more than 100 million had at least one chronic non-communicable disease
such as ischemic heart disease, cancer, stroke, arthritis and dementia. Furthermore, many had
multiple chronic diseases at the same time.
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Global Palliative Care Market: Competitive Landscape
Key players operating in the global palliative care market include Vitas Healthcare Corporation,
Skilled Healthcare Group Incorporated, Sunrise Senior Living LLC, Kindred Healthcare
Incorporated, Gentiva Health Services Incorporated, Home Instead Senior Care Incorporated,
Amedisys Incorporated, and Genesis HealthCare Corporation.
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Palliative care is specialized medical care for people suffering from serious illness. This type of care is focused on relief from the symptoms and stress of a serious illness.

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