Palliative Care Market Size To Reach USD 6.10 Billion By 2027 | Top key Players Skilled Healthcare Group Incorporated, Vitas Healthcare Corporation, Kindred Healthcare Incorporated

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.

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.

Get a sample copy of the global Palliative Care market report @ https://www.reportsanddata.com/sample-enquiry-form/2540

Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.

Further key findings from the report suggest

• The Palliative Care market held a market share of USD 2.95 Billion in the year 2018 that is forecasted to grow at a rate of 8.0% during the forecast period.

• Technological advancements in the healthcare sector is also fostering the market growth. One of such mentionable advancement is remote monitoring. Sensors in wearable devices like smartwatches transmits signal to the health care team, about the status of patients like when a patient has fallen over. As elaborated by the Institute of Electrical and Electronic Engineers, in the November 2016 edition of IEEE Pulse magazine, remote monitoring via wearable sensors helps in predicting the probability of falls, detect changes in movement and send alerts to caregivers promptly. These advancements help in enhancing the quality of care services.

• In context to Care Type, the Hospice Resident Care segment is projected to witness the fastest growth rate of 11.3% during the forecast period, which expected to hold, 14.5% of the market by 2027. The growth rate witnessed by the Hospice Resident Care segment is attributed to the increasing awareness about the importance of this care in life-threatening conditions and elevating number of residential hospice, particularly in developing region, which is contributing to the growth rate witnessed by this segment.

• In context to Application, the Cancer segment held the largest market share of 40.0% in 2018, with a growth rate of 8.5% during the forecast period. The market share held by the Cancer segment is attributed to the fact that nearly half of palliative care hospitalizations are related to cancer as the principal diagnosis, contributing to high demand for this care service for treating the symptoms associated with the condition.

• In regards to the region, Asia Pacific is projected to witness the fastest growth rate of 8.6% during the forecast, which is expected to hold 0% of the market by 2027.

• Key participants 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.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/2540

For the purpose of this report, Reports and Data have segmented the global Palliative Care market, according to Care Type, Application, End-user, and Region:

Care Type Outlook (Revenue, USD Billion; 2016-2027)

• Hospital Inpatient Care
• Private Resident Car
• Hospice Resident Care
• Nursery and Residential Facility Car
• Others

Application Outlook (Revenue, USD Billion; 2016-2027)

• Cancer
• Chronic obstructive pulmonary disease (COPD)
• Cardiac diseases
• Alzheimer’s
• Parkinson’s
• Kidney failure
• Amyotrophic Lateral Sclerosis (ALS)
• Others

End-user Outlook (Revenue, USD Billion; 2016-2027)

• Hospital
• Palliative care centers
• Home care settings
• Long-term care centers & Rehabilitation Centers

Regional Outlook (Revenue, USD Billion; 2016-2027)

• North America
o U.S
• Europe
o U.K
o France
• Asia Pacific
o China
o India
o Japan
• MEA
• Latin America
o Brazil

Major Highlights of the Palliative Care Market Report:

• The Palliative Care market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
• The report dives deeper into the market and explains the dynamic factors bolstering market growth.
• The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
• The report analyzes the Palliative Care market presence across major regions of the world.
• It determines the production & consumption capacities and demand & supply dynamics of each regional market.
• The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
• It provides company overview and SWOT analysis of each of the market players.

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2540

Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.

Read More Reports:-

Cancer Biomarkers Market @ https://www.google.com.tr/url?q=https://www.reportsanddata.com/report-detail/cancer-biomarkers-market

Knee Replacement Implants Market @ https://www.google.sk/url?q=https://www.reportsanddata.com/report-detail/knee-replacement-implants-market

Contact Us:

John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

This release was published on openPR.