Palliative Care Market Revenue Analysis By Top
Players Vitas Healthcare Corporation, Skilled
Healthcare Group Incorporated
Palliative care is specialized medical care for people suffering from serious illness. This type of
care is focused on relief from the symptoms and stress of a serious illness. Palliative care is
provided by a specially-trained team of doctors, nurses, and other specialists. Palliative care
teams specialize in treating people suffering from serious illnesses such as cancer, congestive
heart failure (CHF), chronic obstructive pulmonary disease (COPD), kidney disease, Alzheimer’s,
Parkinson’s, Amyotrophic Lateral Sclerosis (ALS) and others. Palliative care market size is
increasing in higher income countries such as European countries and Japan due to rising
geriatric population suffering from chronic illness. Palliative care also includes equipment such
as wheelchairs, walkers, crutches, oxygen equipment, blood pressure monitors, etc.
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Global Palliative Care Market Drivers
The palliative care market revenue is expected to witness significant growth over the forecast
period, owing to increasing demand for palliative care centers by patients suffering from
chronic illness. For instance, according to Center to Advance Palliative Care (CAPC), in North
America, the prevalence of hospitals with a palliative care team increased from 658 to 1,831,
which is around 178% increase from 2000 to 2016.
Increasing geriatric population suffering from chronic illness is contributing to the palliative care
market size. Palliative care centers are widely involved in taking care of elderly patients
affected with chronic illness. According to National Council on Aging 2018 report, around 80%
of older adults have at least one chronic disease and 77% have at least two chronic diseases
such as heart disease, cancer, stroke, and diabetes.
Report includes chapters which deeply display the following deliverable about industry :
• Palliative Care Market Research Objective and Assumption