PUBLISHER: The Business Research Company | PRODUCT CODE: 1830856
PUBLISHER: The Business Research Company | PRODUCT CODE: 1830856
Palliative care is a form of medical care focused on improving the quality of life for individuals with serious health conditions. It emphasizes the relief of pain and other distressing symptoms while also addressing emotional and psychological well-being. This approach supports patients by prioritizing comfort and overall wellness, helping them manage the challenges of living with a serious illness in a manner that respects their values and preferences.
The primary service types in palliative care include hospice care, hospital inpatient care, nursing homes, home care, and others. Hospice care provides compassionate support, focusing on comfort, pain management, and emotional assistance for terminally ill patients and their families, usually when curative treatment is no longer pursued. Palliative care serves multiple age groups, including pediatric, adult, and geriatric patients. It is applied in conditions such as cardiac disease, congestive heart failure, cancer, chronic obstructive pulmonary disease (COPD), kidney failure, Alzheimer's disease, Parkinson's disease, and amyotrophic lateral sclerosis (ALS). These services are utilized by various end-users, including hospitals, home care settings, palliative care centers, long-term care facilities, and rehabilitation centers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the healthcare sector, particularly in the supply of critical medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are facing higher costs for imported surgical instruments, imaging equipment, and consumables such as syringes and catheters, many of which have limited domestic alternatives. These increased costs are straining healthcare budgets, leading some providers to delay equipment upgrades or pass on expenses to patients. Additionally, tariffs on raw materials and components are disrupting the production of essential drugs and devices, causing supply chain bottlenecks. In response, the industry is diversifying sourcing strategies, boosting local manufacturing where possible, and advocating for tariff exemptions on life-saving medical products.
The palliative care market research report is one of a series of new reports from The Business Research Company that provides palliative care market statistics, including the palliative care industry global market size, regional shares, competitors with the palliative care market share, detailed palliative care market segments, market trends, and opportunities, and any further data you may need to thrive in the palliative care industry. This palliative care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The palliative care market size has grown strongly in recent years. It will grow from $11.32 billion in 2024 to $12.29 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth during the historical period can be attributed to the increasing prevalence of chronic and life-limiting diseases, rising awareness of the benefits of palliative care, growing demand for home-based palliative care, expansion of palliative care training programs, and the increasing recognition of palliative care in national health policies.
The palliative care market size is expected to see strong growth in the next few years. It will grow to $16.83 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth during the forecast period can be attributed to the increasing burden of multimorbidity among elderly patients, rising demand for personalized and patient-centric care, greater adoption of community-based palliative care models, escalating hospital costs and strain on healthcare systems, and growing awareness of psychological and emotional health. Key trends in this period include advancements in digital health platforms, technology-enabled home care solutions, improvements in pain and symptom management tools, development of wearable and monitoring devices, and progress in interdisciplinary care planning platforms.
The rising prevalence of Alzheimer's disease is expected to drive the growth of the palliative care market in the coming years. Alzheimer's disease is a progressive neurological disorder characterized by memory loss, cognitive decline, and behavioral changes. Its prevalence is increasing due to the aging global population, as the likelihood of developing the condition rises significantly with age, making it more common as people live longer. Palliative care supports individuals with Alzheimer's disease by enhancing quality of life, managing distressing symptoms, assisting caregivers, and providing compassionate, holistic care throughout the disease's progression. For example, in April 2025, the Alzheimer's Association, a US-based nonprofit health organization, reported that over 7 million Americans aged 65 and older were living with Alzheimer's disease in 2022, with this number projected to reach 7.2 million by 2025. Consequently, the growing prevalence of Alzheimer's disease is boosting the palliative care market.
Leading companies in the palliative care sector are focusing on technological innovations, such as home-based palliative care support services, to reduce the stress and inconvenience of hospital visits or stays. These services deliver comfort-focused medical and emotional care to individuals with serious illnesses within the familiar environment of their own homes. For instance, in November 2023, Stream I Inc., a Japan-based healthcare technology company, launched Home Care Base, a home palliative care support service. This platform provides virtual expert guidance and solutions for complex medical challenges, improving care coordination among doctors, nurses, and pharmacists. It is designed to meet Japan's growing demand for home medical services amid an aging population, optimize the use of limited medical resources, and enhance access to high-quality palliative care.
In February 2025, Bristol Hospice LLC, a US-based provider of hospice and palliative care services, acquired St. Agatha Comfort Care for an undisclosed amount. Through this acquisition, Bristol Hospice aims to expand its footprint in Nevada and strengthen its capacity to provide compassionate, community-focused end-of-life care in line with its core values and growth strategy. St. Agatha Comfort Care LLC is a US-based company offering hospice and palliative care services.
Major players in the palliative care market are Carelon, Vancouver Coastal Health, Chemed Corporation, VNS Health, Empath Health, HammondCare, Hospice of the Western Reserve, Hospice of the Valley, Princess Alice Hospice, Royal Trinity Hospice, Anam Cara House Colac, Karuna Hospice Service Ltd., Teresa Dellar Palliative Care Residence, Banksia Palliative Care Service Inc., Hosparus Health, Kenya Hospices and Palliative Care Association, Amitayus, Cittamani Hospice, Pallium India Inc., and Drakenstein Palliative Hospice.
North America was the largest region in the palliative care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in palliative care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the palliative care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The palliative care market includes revenues earned by entities by providing services such as pain management, symptom control, advanced care planning, and nutritional guidance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Palliative Care Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on palliative care market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for palliative care ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The palliative care market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.