Hospice and Palliative Care Centre Market Future Prospects and Forecast To 2028
The global hospice and palliative care centers market size was valued at USD x million in 2021, growing at a CAGR ofc 5.6% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Hospice and Palliative Care Centres Market: By Type of Service (Cancer, Cardiac and Circulatory, Dementia, and Others), By End User (Home Settings, Hospitals, Specialty Nursing Homes, Hospice Care Centres), By Geography - Global/Region/Country Forecast to 2028”
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A hospice center is a facility that provides patients with
end-of-life care. A team of medical professionals and volunteers give
palliative care to seriously sick patients at hospice. They help patients with
psychological, spiritual, and physiological issues. The goal of hospice is to
provide comfort, calmness, and dignity to people who are nearing the end of
their lives. Patients who get hospice care are often expected to live for six
months or less. The caregivers aim to alleviate pain and other symptoms as much
as possible so that the patients can stay as pleasant and awake as feasible.
Hospice services also provide guidance and support to the patient's relatives. Palliative
care is a type of medical treatment for those who are suffering from a terminal
illness. Palliative care aims to alleviate the symptoms and stress of
life-threatening illnesses. The purpose of palliative care is to enhance the
patient's and family's quality of life. As per the Centers for Disease Control
and Prevention (CDC), the United States had 40 million population aged 65 and
up in 2010, accounting for 13% of the total population. By 2030, this is
expected to account for about 20% of the US population.
During the forecast period, the worldwide hospice and palliative care centres market is predicted to rise due to an ageing population, rising healthcare spending, and financing from Medicaid and Medicare. Furthermore, most insurance plans, health maintenance organizations (HMOs), and other managed care organizations include hospice care expenses in their policies and plans, fueling the demand for hospice and palliative care. The hospice & palliative care centres market is being driven by the rising prevalence of cancer, the availability of hospice & palliative care centres, the growing popularity of hospice & palliative care centres in developed markets, and the development of novel therapeutics. Furthermore, in underdeveloped and developing economies, high levels of rivalry among current providers, strict government requirements for service approval, and a lack of understanding among the rural population are anticipated to stifle market expansion.
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Impact of COVID-19 on Hospice and Palliative Care Centres Market:
In addition, the report discusses the implications of COVID-19, including the
industry's initial response and strategies for ensuring business continuity in
the coming years.
The global hospice and palliative care
centers market segmentation:
1) by Type of Service: Cancer, Cardiac and Circulatory, Dementia, and Others.
2) By End User:
Home Settings, Hospitals, Specialty Nursing Homes, Hospice Care Centers.
Some of the major key players in the hospice and palliative care centres market
are Vitas Healthcare Corporation (U.S.), Skilled Healthcare Group Incorporated
(U.S.), Sunrise Senior Living, LLC (U.S.)
Kindred
Healthcare Incorporated (U.S.), Gentiva Health Services Incorporated (U.S.),
Home Instead Senior Care Incorporated (U.S.), Amedisys Incorporated (U.S.),
Genesis HealthCare Corporation (U.S.)
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