The global palliative care market size was estimated to be USD 126.42 billion in 2023 and is expected to reach USD 359.61 billion by 2034 with a CAGR of 9.97% during the forecast period 2024-2034. The rising prevalence of chronic diseases, growing awareness and education, government initiatives and policies, advancements in medical technology, and a shift in focus toward patient-centered care will drive the market growth.
The advantages of palliative care are becoming more well-known to medical professionals, patients, and their families. Education and advocacy initiatives help raise awareness of the value of early palliative care integration, which promotes the acceptance and implementation of this approach on a larger scale. For instance, in October 2023, Vitas Healthcare Corporation introduced Vitas PATH, a program that focuses on palliative treatment for heart failure patients.
By condition, the cancer segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the the increasing prevalence of various types of cancer, coupled with a growing recognition of the importance of comprehensive and supportive care for cancer patients. For instance, in April 2022, Kindred Healthcare and Signify Health partnered to adopt technology for remote patient monitoring of patients receiving palliative care. Additionally, the dementia segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing prevalence of dementia-related disorders, a rise in the aging population globally, and a growing understanding of the unique care needs associated with dementia.
By diagnostic group, the non-communicable diseases segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the escalating global burden of non-communicable diseases (NCDs), including cardiovascular diseases, respiratory disorders, diabetes, and neurological conditions. For instance, in December 2022, Amedisys, Inc. worked with the University of Pittsburgh Medical Center to create an integrated palliative care program for cancer patients. Additionally, the aging-related conditions segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing aging population worldwide and the subsequent rise in the prevalence of age-related conditions such as neurodegenerative disorders, frailty, and geriatric syndromes.
By age group, the adult segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the growing prevalence of life-limiting illnesses among the adult population, encompassing a wide range of chronic and terminal conditions such as cancer, cardiovascular diseases, respiratory disorders, and neurological conditions. For instance, in August 2023 Hospice Compassus and ChenMed entered established a joint venture to provide palliative care services to ChenMed's primary care network. Additionally, the geriatric segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising global geriatric population and the associated increase in age-related health conditions, such as neurodegenerative diseases, frailty, and multiple chronic illnesses.
By end-user, the hospitals and clinics segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the growing adoption of palliative care services within traditional healthcare settings and the increasing integration of palliative care into hospital and clinic-based treatment models. For instance, in June 2023, Sunrise Senior Living and VITAS Healthcare partnered to provide palliative care services within Sunrise homes, therefore increasing resident access. Additionally, the home-based segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing emphasis on patient-centered care, advancements in telehealth and remote monitoring technologies, and a growing preference for receiving palliative care services in the comfort of one's home.
North American region is anticipated to have the highest revenue share during the forecast period owing to the well-established healthcare infrastructure, a significant prevalence of chronic and life-limiting diseases, and a growing awareness and acceptance of palliative care as an integral component of the overall healthcare system. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing recognition of the importance of palliative care, a rapidly expanding aging population, and a rising prevalence of chronic diseases in the Asia Pacific region. For instance, National Healthcare Corporation improved care coordination for patients moving from acute to post-acute settings by launching a new palliative care program in April 2023 in partnership with a local hospital system.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
The advantages of palliative care are becoming more well-known to medical professionals, patients, and their families. Education and advocacy initiatives help raise awareness of the value of early palliative care integration, which promotes the acceptance and implementation of this approach on a larger scale. For instance, in October 2023, Vitas Healthcare Corporation introduced Vitas PATH, a program that focuses on palliative treatment for heart failure patients.
By condition, the cancer segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the the increasing prevalence of various types of cancer, coupled with a growing recognition of the importance of comprehensive and supportive care for cancer patients. For instance, in April 2022, Kindred Healthcare and Signify Health partnered to adopt technology for remote patient monitoring of patients receiving palliative care. Additionally, the dementia segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing prevalence of dementia-related disorders, a rise in the aging population globally, and a growing understanding of the unique care needs associated with dementia.
By diagnostic group, the non-communicable diseases segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the escalating global burden of non-communicable diseases (NCDs), including cardiovascular diseases, respiratory disorders, diabetes, and neurological conditions. For instance, in December 2022, Amedisys, Inc. worked with the University of Pittsburgh Medical Center to create an integrated palliative care program for cancer patients. Additionally, the aging-related conditions segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing aging population worldwide and the subsequent rise in the prevalence of age-related conditions such as neurodegenerative disorders, frailty, and geriatric syndromes.
By age group, the adult segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the growing prevalence of life-limiting illnesses among the adult population, encompassing a wide range of chronic and terminal conditions such as cancer, cardiovascular diseases, respiratory disorders, and neurological conditions. For instance, in August 2023 Hospice Compassus and ChenMed entered established a joint venture to provide palliative care services to ChenMed's primary care network. Additionally, the geriatric segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising global geriatric population and the associated increase in age-related health conditions, such as neurodegenerative diseases, frailty, and multiple chronic illnesses.
By end-user, the hospitals and clinics segment accounted for the highest revenue-grossing segment in the global palliative care market in 2023 owing to the growing adoption of palliative care services within traditional healthcare settings and the increasing integration of palliative care into hospital and clinic-based treatment models. For instance, in June 2023, Sunrise Senior Living and VITAS Healthcare partnered to provide palliative care services within Sunrise homes, therefore increasing resident access. Additionally, the home-based segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing emphasis on patient-centered care, advancements in telehealth and remote monitoring technologies, and a growing preference for receiving palliative care services in the comfort of one's home.
North American region is anticipated to have the highest revenue share during the forecast period owing to the well-established healthcare infrastructure, a significant prevalence of chronic and life-limiting diseases, and a growing awareness and acceptance of palliative care as an integral component of the overall healthcare system. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the increasing recognition of the importance of palliative care, a rapidly expanding aging population, and a rising prevalence of chronic diseases in the Asia Pacific region. For instance, National Healthcare Corporation improved care coordination for patients moving from acute to post-acute settings by launching a new palliative care program in April 2023 in partnership with a local hospital system.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Condition, diagnostic Group, Age Group, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Palliative Care Market Report 2023 - 2034
Palliative Care Market Analysis & Forecast by Condition 2023 - 2034 (Revenue USD Bn)
- Cancer
- Dementia
- HIV
- Cerebrovascular Disease
- Respiratory Disease
- Others
Palliative Care Market Analysis & Forecast by Diagnostic Group 2023 - 2034 (Revenue USD Bn)
- Communicable diseases
- Non-communicable diseases
- Injury
- Poisoning
- external causes
- Maternal
- perinatal and nutritional conditions
Palliative Care Market Analysis & Forecast by Age Group 2023 - 2034 (Revenue USD Bn)
- Pediatric
- Adult
- Geriatric
Palliative Care Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals and Clinics
- Home-based
- Community Settings
Palliative Care Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Palliative Care Market: Condition Estimates & Trend Analysis
8. Palliative Care Market: Diagnostic Group Estimates & Trend Analysis
9. Palliative Care Market: Age Group Estimates & Trend Analysis
10. Palliative Care Market: End-User Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Palliative Care Market
13. Europe Global Palliative Care Market
14. Asia Pacific Global Palliative Care Market
15. Latin America Global Palliative Care Market
16. MEA Global Palliative Care Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Sunrise Senior Living
- National Healthcare Corporation
- Skilled Healthcare Group
- Genesis Healthcare
- Home Instead Senior Care
- Brookdale Senior Living Solutions
- Encompass Health Corporation
- Dignity Health
- BAYADA Home Health Care
- AseraCare Hospice.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 126.42 Billion |
| Forecasted Market Value ( USD | $ 359.61 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
