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.
Key companies profiled in the report 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.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Palliative Care market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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Palliative Care Market Segmentation based on Types:
Care Type Outlook (Revenue, USD Billion; 2016-2027)
- Hospital Inpatient Care
- Private Resident Car
- Hospice Resident Care
- Nursery and Residential Facility Car
Palliative Care Market Segmentation based on Application:
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
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Palliative Care Market Report:
- In-depth understanding of the market size, market share, and market scope of Palliative Care market
- Easy identification of growth opportunities and key product development strategies
- Historical and forecast data for Palliative Care market to ease the decision making process
- Production and consumption ratio, import/export data and company’s market position explained in detailed with graphs and charts to aid in decision making
- Strategic recommendations to established players and new entrants to gain a strong foothold in the market
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