Austria Palliative Care Market Report 2022 to 2030

Austria Palliative Care Market Analysis

$ 3999

The Austria Palliative care market is projected to grow from $52.32 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The main factors driving the growth would be the ageing population and the increasing prevalence of chronic diseases. The market is segmented by service type and by the end user. Some of the major players include Hospise Vorarlberg, Hospice Oesterreich, Cura Domo and BestCare 24.

ID: IN10ATHS013 CATEGORY: Healthcare Services GEOGRAPHY: Austria AUTHOR: Neha Davda

Buy Now

Austria Palliative Care Market Executive Summary

The Austria Palliative care market is projected to grow from $52.32 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Austria's national healthcare spending as a share of GDP in 2019 was 10.43% or $5,242 per person. In terms of per-capita health spending in 2019, Austria ranked third in the EU. Austria spends much more than most countries on hospital inpatient treatment even though preventative spending is below average.

Palliative care enhances the quality of life for both patients and their loved ones who are dealing with a terminal disease. Palliative care services aim to both prevent and relieve suffering through early pain diagnosis, precise pain assessment, and treatment of concomitant conditions such as mental, physical, and spiritual illnesses. Collaboration is another way that palliative care benefits both patients and those who are in charge of providing for them. To help people live as fully as they can until they pass away means providing a support structure and taking care of their material requirements. Palliative care is crucial for a number of illnesses, including cancer, chronic respiratory conditions, diabetes, kidney failure, chronic liver disease, and others.

Increased research and development will help the European palliative care market thrive. The adoption of alternative models with interdisciplinary teams will soon offer up new streams of income for the European palliative care sector.

Austria Palliative Care Market

Market Dynamics

Market Growth Drivers

The demand for palliative care services is predicted to rise in Austria as a result of the country's ageing population. The Austrians 65 and older, which was 20.5% in 2020, is expected to rise to 28.9% by 2050, according to Eurostat. Additionally, chronic illnesses including cancer, heart disease, and respiratory conditions are becoming more common in Austria. Cancer will account for 29% of all fatalities in Austria in 2020, according to the WHO which will drive the growth.

Market Restraints

The lack of qualified palliative care providers in Austria is one of the main limiting factors in the growth of the market. The European Association for Palliative Care reported that Austria has 0.3 palliative care specialists per 100,000 residents, which is significantly less than the European average of 0.8.

Competitive Landscape

Key Players

Hospise Vorarlberg (AUT)
Hospice Oesterreich (AUT)
Cura Domo (AUT)
BestCare 24 (AUT)

Healthcare Policies and Regulatory Landscape

The Federal Ministry of Health and its connected organisations, which are in charge of supervising the creation and implementation of healthcare policies and regulations, are in charge of regulating the Austrian healthcare system. The Hospice and Palliative Care Act, passed by the Austrian Parliament in 2016, sought to raise the standard of palliative care services and encourage universal access to them. The law provided a nationwide implementation strategy as well as the legal foundation for the delivery of palliative care.

The Austrian healthcare system also abides by the rules established by the European Union for drugs and medical devices, ensuring the security and efficiency of the equipment used in palliative care. The Austrian Federal Office for Safety in Health Care is also in charge of keeping an eye on and enforcing national standards for medical device and pharmaceutical quality and safety.

Reimbursement Scenario

Austria's public health insurance system is principally responsible for setting the country's palliative care reimbursement guidelines. Every resident is required to carry health insurance, with the majority of people being covered by the public system. Palliative care is one of many healthcare services that are covered by the public insurance system. The kind and setting of care delivered to determine how much is reimbursed for palliative care services. The hospital reimbursement program covers palliative care services delivered in a hospital setting. The home nursing care benefit, which covers a variety of services including nursing care, medical supplies, and home visits by medical professionals, includes home-based palliative care treatments.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Palliative Care Market Segmentation

By Service Type (Revenue, USD Billion):

Based on service type, the Austria palliative care market is divided into the following:

Private residence care
Hospice inpatient care
Hospital inpatient care
Nursing home and residential facility care
Others

By End User (Revenue, USD Billion):

Based on end-user type, the Austria palliative care market is divided into the following:

Hospitals
Home Care Settings
Palliative Care Centers
Long-Term Care Centers & Rehabilitation Centers

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.