Pune, India, August 2018/MRFR Press Release/- Market Research Future has published a half-cooked research report on the global palliative care market
Increasing incidence of diseases such as cancer, cardiovascular and infective disease are some of the drivers responsible for the market growth of global palliative care market. Other factors such as a growing number of palliative care centers worldwide, expanding aging demographics, increasing number of qualified physicians for palliative care are responsible for the rise in the global palliative market. The main object of palliative care is to enhance personal satisfaction for both the patient and family. This palliative care can be provided at any age and at any phase in a genuine ailment and can be furnished alongside remedial treatment.
But the high cost of treatment, less private or public funding to hospital facilities and other medical centers can be a major restraint for the growth of the global palliative care market.
North America is expected to take a major share in the global palliative care market because of good reimbursement and insurance coverage for palliative care services. Countries like Mexico in the Latin America region have a greater number of palliative care centers for children’s. The European market is expected to be the second-largest palliative care market. The market growth in this region can be because of government funding and support of the healthcare sector coupled with increasing research and development. Moreover, a growing number of palliative care centers worldwide, extending application for homecare, increasing number of qualified physicians for palliative care center and expanding aging demographics are some of the factors responsible for the rise in global palliative care market. Asia-Pacific is expected to be the fastest-growing palliative care market during the forecast period owing to the increasing prevalence of cardiac diseases, rising investments in healthcare, increasing geriatric population, and expansions by market players in the region. Asia-Pacific is giving the strong competition in the global palliative care market by producing a cost-effective treatment that is high in demand in local as well as in the global market. The market in the Middle East and Africa is expected to account for the smallest share in the global palliative care market due to the underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.
The global palliative care market is segmented into type, applications, and end-users. On basis of types, the palliative market is further segmented into private residence care, hospice inpatient care, hospital inpatient care, nursing home, residential facility care and others. Based on application the palliative market is segmented into cancer, cardiac disease such a congestive heart failure, chronic obstructive pulmonary disease, kidney failure, Alzheimer, Parkinson’s, amyotrophic lateral sclerosis and others. On basis of end-user, the palliative market is segmented into hospitals, home care settings, palliative care center, long-term care centers, and rehabilitation centers.
Some of the key players in the Global Palliative Care market are Vitas Healthcare Corporation, Skilled Healthcare Group Incorporated, Sunrise Senior Living LLC, Kindred Healthcare Incorporated, Gentiva Health Services Incorporated, Home Instead Senior Care Incorporated, Amedisys Incorporated, Genesis HealthCare Corporation.