Latest
industry research report on: Global Hospice
Market
: Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Hospice center is referred to
as the place that provides end-of-life care to patients. At hospice,
a team of health care professionals and volunteers provide care that
focuses on palliation of seriously ill patients. They provide
psychological, spiritual and medical support to the patient. The aim
of hospice is to help diseased patients, who have less period of life
span remaining, to have comfort, peace and dignity. Usually, patients
to whom hospice services are provided are predicted to survive six
months or even less than that. The caregivers try to cure pain and
other symptoms so that patients can remain comfortable and alert as
long as possible. Besides, hospice services also provide help and
support to patient’s family. According to the place of providing
these hospice services, hospice market is divided into four major
segments:
Home hospice care
Hospice center
Hospital
Skilled nursing facility
Among
all of the above mentioned places, hospice centers followed by home
hospice care are preferred by patients. Hospice centers are preferred
because it provides a friendly environment to the patients where one
does not feel lonely mainly due to the presence and accompany of
similar patients. These centers also provide mental support to the
patients through certain special activities such as meditation,
spiritual speeches and parties.
The
hospice market is increasing at faster pace majorly due to the
increasing prevalence of the diseases among the growing aging
population worldwide. According to the data of Centers for Disease
Control and Prevention (CDS), in 2010 there were 40 million people
who aged 65 and above in United States accounting for 13% of the
total population and CDC projected that around 20% of the population
of U.S. would be under this category by 2030. Additionally,
availability of large number of diverse programs according to the
disease condition and economic condition of the patient is also
helping the market to grow. According to the disease conditions
special programs are designed by hospice providers on the basis of
cancer, AIDS, heart diseases, kidney failures, liver diseases and
many others.
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North America and Europe leads
the global hospice market majorly due to the extensive support from
the government to set up the infrastructure and other essential
necessities required by hospice centers. Hospice care expenses in
U.S. are mostly paid by the Medicare and Medicaid services and
Department of Veterans Affairs. Additionally, most of the private
insurance plans, health maintenance organizations (HMOs) and other
managed care organizations also provide the expenses for hospice care
in their plans and policies. Also, large number of community
contributions, foundation gifts and memorial donations in U.S. are
helping hospice market to give free services to poor patients.
Asia-Pacific is currently at growth stages for hospice market and has
set up few hospice centers with the help of government, private
sectors and renowned doctors. For instance, Dr. L. J. Desouza, a
cancer surgeon, has set up hospice centers in Mumbai, Goa and Delhi
with the name Shanti Avedna Sadan. This center is focused on
providing treatment for cancer patients. The countries which are
majorly driving the hospice market in Asia-Pacific region include
India, China, Japan and Taiwan.
Some of the market players in
hospice market include AMEDISYS, Inc, Gentiva Health Services, LHC
group, Almost Family, HCR Manor Care, Seasons Hospice and Pallative
Care, AseraCare Hospice, Compassionate Care Hospice, Crossroads
Hospice and Accent Care, Inc.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
Reasons for Buying this
Report
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pin-point analysis for changing competitive dynamics
It provides a forward
looking perspective on different factors driving or restraining
market growth
It provides a six-year
forecast assessed on the basis of how the market is predicted to grow
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the key product segments and their future
It provides pin point
analysis of changing competition dynamics and keeps you ahead of
competitors
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business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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