The North America Palliative Care Market would witness market growth of 7.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Palliative Care Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,888.1 million by 2031. The Canada market is showcasing a CAGR of 9.8% during (2024 - 2031). Additionally, The Mexico market would capture a CAGR of 8.9% during (2024 - 2031).
Palliative care, an interdisciplinary healthcare approach that prioritizes enhancing the quality of life for individuals afflicted with severe illnesses, has become an integral component of patient-centered care. Rooted in the principles of compassion, dignity, and holistic support, palliative care addresses patients' and their families' physical, emotional, social, and spiritual needs, offering comfort, symptom management, and psychosocial support throughout the illness trajectory.
In light of escalating chronic disease burdens, expanding populations undergoing palliative care, and altering healthcare priorities, the palliative care market is positioned to experience substantial growth and innovation. As per Statistics Canada, in 2022, there were 7,330,605 people aged 65 and older in Canada.
As per the data provided in 2023 by the Government of Canada, in order to enhance health care services for Canadians, the government announced a $196.1 billion investment over 10 years, including $46.2 billion in extra financing for the provinces and territories. In addition, it will invest $2.5 billion over ten years to support indigenous priorities and complementary federal support, for a total of $198.6 billion over ten years. Hence, the rising healthcare sector and cancer cases in North America will boost the demand for palliative care in the coming years.
Based on Age, the market is segmented into Adult, and Pediatric. Based on Condition, the market is segmented into Cancer, Cardiovascular Diseases, Chronic Respiratory Diseases, and Others. Based on Provider, the market is segmented into Hospitals & Clinics, Nursing Homes, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Palliative Care Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,888.1 million by 2031. The Canada market is showcasing a CAGR of 9.8% during (2024 - 2031). Additionally, The Mexico market would capture a CAGR of 8.9% during (2024 - 2031).
Palliative care, an interdisciplinary healthcare approach that prioritizes enhancing the quality of life for individuals afflicted with severe illnesses, has become an integral component of patient-centered care. Rooted in the principles of compassion, dignity, and holistic support, palliative care addresses patients' and their families' physical, emotional, social, and spiritual needs, offering comfort, symptom management, and psychosocial support throughout the illness trajectory.
In light of escalating chronic disease burdens, expanding populations undergoing palliative care, and altering healthcare priorities, the palliative care market is positioned to experience substantial growth and innovation. As per Statistics Canada, in 2022, there were 7,330,605 people aged 65 and older in Canada.
As per the data provided in 2023 by the Government of Canada, in order to enhance health care services for Canadians, the government announced a $196.1 billion investment over 10 years, including $46.2 billion in extra financing for the provinces and territories. In addition, it will invest $2.5 billion over ten years to support indigenous priorities and complementary federal support, for a total of $198.6 billion over ten years. Hence, the rising healthcare sector and cancer cases in North America will boost the demand for palliative care in the coming years.
Based on Age, the market is segmented into Adult, and Pediatric. Based on Condition, the market is segmented into Cancer, Cardiovascular Diseases, Chronic Respiratory Diseases, and Others. Based on Provider, the market is segmented into Hospitals & Clinics, Nursing Homes, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Amedisys, Inc.
- Honor Technology Inc. (Home Instead, Inc.)
- Genesis Healthcare, Inc.
- Lifepoint Health, Inc. (Gentiva Health Services)
- VITAS Healthcare Corporation (Chemed Corporation)
- Sunrise Senior Living
- Fonthill House
- Baptist Health
Market Report Segmentation
By Age- Adult
- Pediatric
- Cancer
- Cardiovascular Diseases
- Chronic Respiratory Diseases
- Others
- Hospitals & Clinics
- Nursing Homes
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Palliative Care Market by Age
Chapter 5. North America Palliative Care Market by Condition
Chapter 6. North America Palliative Care Market by Provider
Chapter 7. North America Palliative Care Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Amedisys, Inc.
- Honor Technology Inc. (Home Instead, Inc.)
- Genesis Healthcare, Inc.
- Lifepoint Health, Inc. (Gentiva Health Services)
- VITAS Healthcare Corporation (Chemed Corporation)
- Sunrise Senior Living
- Fonthill House
- Baptist Health
Methodology
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