Palliative Care Market is expected to grow at a 7.29% CAGR, increasing to USD 23.581 billion in 2031 from USD 15.456 billion in 2025.
The palliative care market is an important component of the healthcare business that is committed to enhancing the quality of life for people suffering from terrible diseases. Palliative care, regardless of prognosis, focuses on alleviating pain, controlling symptoms, and giving emotional support to patients and their families. This sector includes a variety of services such as pain management, counselling, and spiritual care. The demand for palliative care is increasing as the world population ages and chronic illnesses become more widespread. Furthermore, rising awareness of the benefits of palliative care and its incorporation into mainstream healthcare have fueled the market's growth. The palliative care market is critical to improving end-of-life care and bringing comfort to patients during difficult times.
Growing Awareness and Acceptance of Palliative Care Enhances the Palliative Care Market Growth
The palliative care market is expanding as patients, families, and healthcare professionals become more aware of and adopt palliative care. People are becoming more aware of the benefits of palliative care and are increasingly accepting it as a necessary component of healthcare. Palliative care's emphasis on enhancing patients' quality of life and providing emotional and psychological support is becoming more widely recognised and acknowledged. Palliative care is being integrated into healthcare organisations' service offerings, and governments are emphasising its relevance in healthcare policy. This growing knowledge and acceptance of palliative care is propelling the industry forward, assuring improved end-of-life treatment and support for patients and their families.
Integration of Palliative Care in Mainstream Healthcare in Palliative Care Market
As palliative care becomes more incorporated into mainstream healthcare, the palliative care market is expanding. According to a World Health Organisation (WHO) survey, around 78% of nations have begun attempts to incorporate palliative care into their health systems. Healthcare professionals are recognising the importance of palliative care in improving patient outcomes and increasing the quality of life for people suffering from terrible diseases. Training healthcare personnel in palliative care practises, establishing palliative care units inside hospitals, and encouraging multidisciplinary care teams are all examples of integration initiatives. This integration is being driven by a rising acknowledgement of the advantages of palliative care, which is resulting in increased access and availability of palliative care services inside mainstream healthcare settings.
Rising Demand for Home-Based Palliative Care Services Boosts the Palliative Care Market Size.
As patients and families seek personalised and comfortable care alternatives, the palliative care market is seeing a surge in demand for home-based services. According to research published in JAMA Internal Medicine, home-based palliative care can cut hospitalisations by 50% while also considerably lowering healthcare expenses. Home-based palliative care has become a favoured alternative due to an ageing population and a preference for getting care in familiar circumstances. In addition, the COVID-19 epidemic has hastened the introduction of home-based care strategies. As a result, healthcare providers and organisations are extending their home-based palliative care programmes, providing patients with comprehensive medical, emotional, and spiritual support, resulting in market development in this sector.
Europe is the Market Leader in the Palliative Care Market.
The palliative care market is dominated by Europe. Several factors contribute to the region's significance. To begin with, Europe has a well-established healthcare system that emphasises comprehensive and patient-centred treatment, including palliative care. Second, the region's population is quickly ageing, resulting in a larger frequency of chronic and life-limiting diseases, which raises the need for palliative care. Furthermore, Europe has been at the forefront of palliative care research and policy implementation to incorporate palliative care into mainstream healthcare. Furthermore, rising awareness and advocacy for improved end-of-life care have led to the expansion of the European palliative care market.
Increasing Hospice and Palliative Care Facilities in Palliative Care Market.
With the increased creation of hospice and palliative care institutions, the palliative care market is growing. According to the National Hospice and Palliative Care Organisation (NHPCO), the United States alone will have over 5,500 hospice programmes by 2021. The world's ageing population and increasing need for specialised end-of-life care have fueled the growth of hospice centres and palliative care units. These facilities provide a wide range of treatments, including as pain management, emotional support, and grief counselling, which improves the overall quality of care for patients and their families. The increased availability of hospice and palliative care facilities shows the market's response to the rising need for compassionate and personalised end-of-life care.
List of Top Palliative Care Companies:
Report Metric | Details |
Palliative Care Market Size in 2025 | USD 15.456 billion |
Palliative Care Market Size in 2030 | USD 22.214 billion |
Growth Rate | CAGR of 7.52% |
Study Period | 2020 to 2030 |
Historical Data | 2020 to 2023 |
Base Year | 2024 |
Forecast Period | 2025 β 2030 |
Forecast Unit (Value) | USD Billion |
Segmentation |
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Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in the Palliative Care Market |
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Customization Scope | Free report customization with purchase |
Palliative Care Market Segmentation
By Type
Palliative Care At Homes
Palliative Care in Care Center
Palliative Care in Hospitals
Inpatient Palliative Care
By Application
Cancer
Cardiovascular Disease
Neurological Disorder
Chronic Kidney Disease
Respiratory Disease
Others
By Age-Group
Pediatric
Adult
Elderly
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Italy
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Taiwan
Others