Global Palliative Care Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Private Residence Care, Hospice Inpatient Care, Hospital Inpatient Care, Nursing Home, Residential Facility Care, and Others.

By Application;

Cancer, Cardiac Disease, Congestive Heart Failure (CHF), Chronic Obstructive Pulmonary Disease (COPD), Kidney Failure, Alzheimer’s, Parkinson’s, Amyotrophic Lateral Sclerosis (ALS, and Others.

By End User;

Hospitals, Home Care Settings, Palliative Care Centers, and Palliative Care Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn691781658 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Palliative Care Market (USD Million), 2021 - 2031

In the year 2024, the Global Palliative Care Market was valued at USD 13,200.37 million. The size of this market is expected to increase to USD 23,066.68 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.3%.

The global palliative care market has experienced significant growth and is poised to continue expanding in the coming years. Palliative care focuses on enhancing the quality of life for patients and their families who are dealing with life-threatening illnesses. This type of care aims to prevent and alleviate suffering through early detection, accurate assessment, and treatment of pain and other distressing symptoms, which may be physical, psychosocial, or spiritual in nature. The approach is holistic, utilizing a multidisciplinary team to support both patients and their caregivers. This support includes addressing practical needs and providing a robust support system to help patients live as actively as possible until the end of life.

Several factors drive the growth of the palliative care market. One significant factor is the increasing geriatric population, which often faces multiple chronic conditions requiring palliative care services. Additionally, there is a growing demand for palliative care services in hospitals and clinics. This demand is fueled by a rise in the number of qualified physicians specializing in palliative care, as well as increased public awareness about life-threatening diseases and the benefits of palliative care.

Another driver of market growth is the widespread adoption of sedentary lifestyles, which has led to a surge in chronic diseases such as cardiovascular diseases, cancer, chronic respiratory diseases, diabetes, and kidney and liver failures. These conditions often necessitate comprehensive palliative care. Moreover, there is an increasing application of palliative care for home care settings, which allows patients to receive comfort and support in a familiar environment. Technological advancements, particularly in remote monitoring within the healthcare industry, have also contributed to the market's growth. These advancements enable healthcare providers to offer continuous care and monitor patients' conditions effectively, even from a distance.

Government funding in healthcare systems and the development of innovative therapies for chronic diseases are additional factors bolstering the market. Favorable reimbursement policies from Medicaid and Medicare further support the growth of palliative care services, making them more accessible to a broader range of patients. However, the market does face challenges. One major hurdle is the lack of access to palliative care services in underdeveloped countries. This limitation is due to various factors, including insufficient healthcare infrastructure, lack of trained professionals, and limited public awareness. These challenges hinder the market's potential growth in certain regions. Conversely, there is significant growth potential in emerging markets. As these regions continue to develop their healthcare infrastructures and increase their focus on comprehensive care, the demand for palliative care services is expected to rise. This presents lucrative opportunities for market expansion. Companies and healthcare providers can tap into these emerging markets by investing in healthcare infrastructure, training programs for palliative care professionals, and awareness campaigns to educate the public about the benefits of palliative care.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Palliative Care Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Chronic Diseases

        2. Advancements in Healthcare Technology

        3. Expansion of Palliative Care Services in Hospitals and Clinics

      2. Restraints
        1. Shortage of Trained Professionals

        2. Cultural and Societal Barriers

        3. Resource Limitations in Healthcare Facilities

      3. Opportunities
        1. Increasing Demand for Home-based Palliative Care

        2. Government Support and Funding

        3. Integration with Primary Healthcare

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Palliative Care Market, By Type, 2021 - 2031 (USD Million)
      1. Private Residence Care
      2. Hospice Inpatient Care
      3. Hospital Inpatient Care
      4. Nursing Home
      5. Residential Facility Care
      6. Others
    2. Global Palliative Care Market, By Application, 2021 - 2031 (USD Million)
      1. Cancer
      2. Cardiac Disease
      3. Congestive Heart Failure (CHF)
      4. Chronic Obstructive Pulmonary Disease (COPD)
      5. Kidney Failure
      6. Alzheimer’s
      7. Parkinson’s
      8. Amyotrophic Lateral Sclerosis (ALS)
      9. Others
    3. Global Palliative Care Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Home Care Settings
      3. Palliative Care Centers
      4. Palliative Care Centers
    4. Global Palliative Care Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Adventist Health

      2. Baptist Health

      3. Teresa Dellar Palliative Care Residence

      4. Fonthill Care

      5. Banksia Palliative Care Service Inc.

      6. HammondCare

      7. Alpha Palliative Care

      8. Drakenstein Palliative Hospice

      9. VITAS Healthcare

      10. Amedisys

      11. Gentiva Health Services (Kindred at Home)

      12. Genesis HealthCare System

  7. Analyst Views
  8. Future Outlook of the Market