Strategic Assessment of the Palliative Care Market : Key Players and Emerging Trends , to Reach USD 25.31 Bn by 2030

Palliative Care Market

Palliative Care Market

The global palliative care market size is projected to reach $25,309 million by 2030, registering a CAGR of 8.4% from 2021 to 2030.

PORTLAND, OREGON, UNITED STATES, October 26, 2023 / -- ๐ˆ๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ข๐จ๐ง:

The global palliative care market size was valued at $11,200 million in 2020, and is projected to reach $25,309 million by 2030, registering a CAGR of 8.4% from 2021 to 2030.

Palliative care has gained significant importance in the healthcare industry, focusing on enhancing the quality of life for patients facing serious illnesses. As the global population continues to age, the demand for palliative care services is witnessing substantial growth. This article aims to provide a strategic assessment of the current state of the palliative care market, highlighting key players and emerging trends that are shaping the industry's trajectory.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ-

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐š๐ฅ๐ฅ๐ข๐š๐ญ๐ข๐ฏ๐ž ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:
VITAS Healthcare Corporation: A prominent player in the palliative care sector, VITAS Healthcare Corporation has established a strong presence through its comprehensive hospice care services and commitment to delivering personalized end-of-life care.

Kindred Healthcare: With a diversified portfolio of post-acute care services, including hospice and palliative care, Kindred Healthcare has emerged as a key contributor to the development of the palliative care market, emphasizing a patient-centric approach.

Amedisys: Amedisys has positioned itself as a leading provider of home health, hospice, and palliative care services, leveraging technological advancements and a patient-focused model to deliver high-quality care solutions.

๐„๐ฆ๐ž๐ซ๐ ๐ข๐ง๐  ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐š๐ฅ๐ฅ๐ข๐š๐ญ๐ข๐ฏ๐ž ๐‚๐š๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:
Integration of Technology: The integration of innovative technologies, such as telemedicine and remote patient monitoring, is revolutionizing the delivery of palliative care, enabling healthcare providers to offer continuous support and monitoring to patients in the comfort of their homes.

Personalized Care Plans: The shift towards personalized care plans tailored to individual patient needs is gaining traction in the palliative care market. This approach emphasizes a holistic understanding of patients' physical, emotional, and spiritual requirements, ensuring a comprehensive and compassionate end-of-life care experience.

Collaborative Care Models: The adoption of collaborative care models, involving multidisciplinary teams comprising physicians, nurses, social workers, and other healthcare professionals, is enhancing the coordination and effectiveness of palliative care services, ensuring a seamless and comprehensive approach to patient care.

Emphasis on Patient Education: Recognizing the significance of patient and family education, industry stakeholders are focusing on empowering patients and their families with comprehensive information and resources, enabling them to make informed decisions and actively participate in the care process.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (208 ๐๐š๐ ๐ž๐ฌ ๐๐ƒ๐… ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐‚๐ก๐š๐ซ๐ญ๐ฌ, ๐“๐š๐›๐ฅ๐ž๐ฌ, ๐š๐ง๐ ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ) @

The palliative care market continues to evolve, driven by the commitment of key players and the emergence of transformative trends aimed at improving the overall quality of life for patients with life-limiting illnesses. By fostering innovation, collaboration, and a patient-centric approach, the industry is poised to witness further advancements, ultimately redefining the standards of compassionate end-of-life care on a global scale.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜
Based on condition, the cancer segment held the largest palliative care market share in 2020, and is expected to remain dominant during the forecast period.
On the basis of age group, the adult segment held the largest market share in 2020 and is expected to remain dominant during the forecast period.
On the basis of provider, the hospitals & clinics segment held the largest palliative care market share in 2020 and is expected to remain dominant during the forecast period.
Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 10.5% during the forecast period.

๐Š๐ž๐ฒ ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐…๐จ๐ซ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ
The study provides an in-depth analysis of the palliative care market along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers palliative care market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global palliative care market growth.

๐ƒ๐จ ๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐„๐ง๐ช๐ฎ๐ข๐ซ๐ฒ -

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ-
Amedisys, Inc.
Chemed Corporation (Vitas Healthcare)
Home Instead, Inc.
Public Sector Pension Investment Board (Sunrise Senior Living Centers)
Fillmore Capital Partners, LLC (Golden Living Centers/GGNSC Holdings LLC)
Kindred Healthcare, LLC (Gentiva Health Services Inc.)
Seymour Health
Genesis HealthCare (Skilled Healthcare Group Inc.)
University of California (UCLA Health)

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐‹๐ข๐Ÿ๐ž ๐’๐œ๐ข๐ž๐ง๐œ๐ž ๐ƒ๐จ๐ฆ๐š๐ข๐ง-
๐†๐ฅ๐จ๐ฏ๐ž๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ
๐๐ž๐ญ๐š-๐ฅ๐š๐œ๐ญ๐š๐ฆ ๐š๐ง๐ ๐๐ž๐ญ๐š-๐ฅ๐š๐œ๐ญ๐š๐ฆ๐š๐ฌ๐ž ๐ˆ๐ง๐ก๐ข๐›๐ข๐ญ๐จ๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ
๐‹๐ฎ๐ญ๐ž๐ข๐ง ๐š๐ง๐ ๐™๐ž๐š๐ฑ๐š๐ง๐ญ๐ก๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ

David Correa
Allied Analytics LLP
+1 800-792-5285
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