The rising incidence rate of life-threatening diseases, developments in certification for palliative care, and the increasing number of geriatric population have resulted in boosting the Palliative Care market.
Market Size – USD 2.95 Billion in 2018, Market Growth – CAGR of 8.0%, Market Trends – The rising demand for Palliative Care for treating Alzheimer’s
The Global Palliative Care market is forecast to reach USD 6.10 Billion by 2027, according to a new report by Reports and Data. Palliative care can be described as a specialized form of health care service provided to patients having serious illnesses. The focus of this care service is on providing relief from symptoms of particular ailments and stress related to life-threatening conditions. The patient, as well as their family members, undergoes this treatment to cope up with the condition in an effective manner. The care service is provided by trained specialists, doctors, and nurses specializing in this field. The focus of the treatment is to help patients gain strength to conduct daily activities coping with the depression or burden of the life-threatening condition. The care service is usually provided to patients suffering from stress of life threatening conditions like Parkinson’s, Amyotrophic Lateral Sclerosis (ALS), kidney disease, Alzheimer’s, cancer, among others. This treatment helps in treating difficulty in sleeping, anxiety, nausea, loss of appetite, shortness of breath, fatigue, depression, constipation, which are resultant of severe ailments. Life-threatening conditions can result in a feeling of great grief and give up on life, which harm the health status of patients. By controlling such negative emotions and related adverse impacts on the health of patients, this care service helps effective coping with the life threatening conditions. Factors like increasing number of geriatric population, the rising incidence rate of life-threatening diseases is spurring the growth of the market. In regards to Region, Europe is occupying a considerable share of the market. The market share held by the region is resultant of expanding healthcare sector, rising geriatric population, and development of certification for palliative care, which is supporting the growth of the market in this region.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Skilled Healthcare Group Incorporated, Vitas Healthcare Corporation, Kindred Healthcare Incorporated, Sunrise Senior Living LLC, Home Instead Senior Care Incorporated, Gentiva Health Services Incorporated, Genesis HealthCare Corporation, Amedisys Incorporated, GGNSC Holdings LLC and Senior Care Centers of America.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
On basis of product types and application offered by the Palliative Care industry, the market is segmented into:
Care Type Outlook (Revenue, USD Billion; 2016-2027)
- Hospital Inpatient Care
- Private Resident Car
- Hospice Resident Care
- Nursery and Residential Facility Car
Application Outlook (Revenue, USD Billion; 2016-2027)
- Chronic obstructive pulmonary disease (COPD)
- Cardiac diseases
- Kidney failure
- Amyotrophic Lateral Sclerosis (ALS)
End-user Outlook (Revenue, USD Billion; 2016-2027)
- Palliative care centers
- Home care settings
- Long-term care centers & Rehabilitation Centers
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Palliative Care market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Palliative Care Market Report:
- Panoramic overview of the opportunities and risks in the Palliative Care sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Palliative Care industry
- In-depth assessment of the competitive landscape of the key players of the Palliative Care industry
- Analysis of the Palliative Care market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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