Global Palliative Care Market

Palliative Care Market Size, Share, Growth Analysis, By Condition (Cancer, Dementia), By Diagnostics (Communicable diseases, Non-communicable diseases), By Service Type (Private Residence Care, Hospice Inpatient Care), By Age Group, By End User, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35D2087 | Region: Global | Published Date: January, 2025
Pages: 242 | Tables: 98 | Figures: 69

Palliative Care Market Dynamics

Palliative Care Market Drivers

Increasing number of palliative care facilities worldwide

  • As the world's population ages and the number of people suffering from life-threatening illnesses increases in both industrialized and developing countries, the need for palliative care is increasing globally. According to WHO, only about 14% of people who need palliative care currently receive it around the world. As a result, these facilities are increasing globally. Over the past ten years, it has expanded rapidly and steadily throughout the world. Adults who require this care have chronic diseases such as cancer (34%), cardiovascular disease (38.5%), chronic respiratory disease (10.3%), AIDS (5.7%), and diabetes (4.6%). According to the Center for Advanced Palliative Care, approximately 61% of all hospitals with 50 or more beds in the US have a palliative care team. The increasing number of these centers worldwide is driving the global market.

Palliative Care Market Restraints

Palliative care services are not readily available in emerging and poor nations

  • WHO claims that stringent rules governing morphine and other necessary regulated palliative medications prevent patients from receiving proper care. Around 40 million individuals need palliative care annually, with 78% of them residing in low- and middle-income nations. The global market is constrained by the lack of access to these services in developing and impoverished nations. Essential medications, such as morphine for pain relief, are inaccessible in developing nations. These nations either do not provide any services or provide those services only toward the end of the disease for those with chronic, life-threatening illnesses. Lack of public awareness, inadequate training in palliative care for medical staff and volunteers, exclusion from national policies, and limited partnership working affect the market in such countries.
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Global Palliative Care Market size was valued at USD 5.3 billion in 2023 and is poised to grow from USD 5.7 billion in 2024 to USD 10.25 billion by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).

The global palliative care market is fragmented and highly competitive with the presence of a large number of players operating on a global and regional scale. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'VITAS Healthcare (USA) ', 'Amedisys, Inc. (USA) ', 'HCR ManorCare (USA) ', 'Seasons Hospice & Palliative Care (USA) ', 'Compassus (USA) ', 'Chapters Health System (USA) ', 'Hospice of the Valley (USA) ', 'Crossroads Hospice & Palliative Care (USA) ', 'Trustbridge, Inc. (USA) ', 'Tidewell Hospice (USA) ', 'Golden Living AseraCare Hospice (USA) ', 'Bristol Hospice (USA) ', 'Cornerstone Hospice & Palliative Care (USA) ', 'Heart to Heart Hospice (USA) ', 'Empath Health (USA) ', 'JourneyCare (USA) ', 'Providence Health & Services (USA) ', 'Kaiser Permanente (USA) ', 'LHC Group (USA) ', 'National Hospice and Palliative Care Organization (NHPCO) (USA)'

As the world's population ages and the number of people suffering from life-threatening illnesses increases in both industrialized and developing countries, the need for palliative care is increasing globally. According to WHO, only about 14% of people who need palliative care currently receive it around the world. As a result, these facilities are increasing globally. Over the past ten years, it has expanded rapidly and steadily throughout the world. Adults who require this care have chronic diseases such as cancer (34%), cardiovascular disease (38.5%), chronic respiratory disease (10.3%), AIDS (5.7%), and diabetes (4.6%). According to the Center for Advanced Palliative Care, approximately 61% of all hospitals with 50 or more beds in the US have a palliative care team. The increasing number of these centers worldwide is driving the global market.

A recent estimate indicates that more than 20 million individuals require palliative care each year, 69% of whom will be adults over 60 years of age. According to a recent study, 78% of residents in low- and middle-income nations require this care. Unfortunately, currently, only 14% of people require this at the EOL. Major organ failure, cancer, drug-resistant tuberculosis, extreme frailty of old age, and end-stage chronic diseases are some of the important conditions that require this care. A major factor driving the expansion of palliative care is the aging population with chronic, progressive, or terminal illnesses in developed regions. Further, hospice's increasing focus on comfort and control systems is creating new opportunities for all stakeholders. The increasing role of palliative care in the cancer care delivery system is an important trend witnessing a large scale of developments.

North America is expected to account for the largest revenue share in the global market over the forecast period, owing to increased integration of palliative care in health care management programs, implementation of favorable policies and reimbursement plans that cover palliative and end-of-life care, palliative care advancements, and the presence of key players in the region. It is considered an established field of medicine in the United States, with a formal accreditation process, rising professional and public awareness, a wide range of training options, and availability in almost all health care settings, and these key factors are expected to fuel revenue growth in the North America market over the forecast period.

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Global Palliative Care Market

Report ID: SQMIG35D2087

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