Bulgaria Palliative Care Market Analysis Report 2022 to 2030

Bulgaria Palliative Care Market Analysis

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Bulgaria's Palliative care market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. The main factors driving the growth would be growing awareness, the aging population, government support, and collaboration among healthcare providers and non-profit groups. The market is segmented by service type and by the end user. Some of the major players include Hospice Filaretova Varna, Buona Vita, St. Ekaterina Hospice, and Vita Hospital.

ID: IN10BGHS013 CATEGORY: Healthcare Services GEOGRAPHY: Bulgaria AUTHOR: Neha Davda

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Bulgaria Palliative Care Market Executive Summary

Bulgaria's Palliative care market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. Bulgaria's national healthcare spending as a share of GDP in 2019 was 7.13% or $698 per person. In Bulgaria, the total amount spent on healthcare per person has risen since 2005. However, it remains much lower than that of the EU as a whole, both in terms of absolute value and as a proportion of GDP.

Palliative care is a practice that makes it easier for patients and their families to cope with terminal illnesses. Through the early detection, accurate assessment, and treatment of pain and other disorders, including those that are physical, emotional, or spiritual, palliative care services prevent and lessen suffering. Through a collaborative approach, palliative care also benefits patients and those who provide for them. To assist people, and live as actively as possible until death, entails offering a support network and attending to basic needs. Numerous ailments, such as cancer, long-term respiratory disorders, diabetes, kidney failure, long-term liver disease, and others require palliative care. Growing research and development will help the palliative industry expand throughout Europe. The implementation of alternative models with interdisciplinary teams will soon create new revenue streams in the European palliative care sector.

Market Dynamics

Market Growth Drivers

The Bulgaria palliative care market is expected to be driven by factors such as growing awareness, an ageing population and government support. Moreover, collaboration among healthcare providers and non-profit groups has aided in the improvement of palliative care service delivery in Bulgaria. New initiatives and programs that aim to raise the standard of care have been created as a result of this.

Market Restraints

One of the major issues is the lack of proper funding, which prevents many patients from accessing palliative care services. In addition, there is a lack of skilled workers with expertise in palliative care, such as medical experts and nurses. Another limiting factor is the high prevalence of chronic illnesses, especially cancer, which puts a lot of strain on the healthcare system to treat an increasing number of patients with palliative care.

Competitive Landscape

Key Players

Hospice Filaretova Varna (BGR)
Buona Vita (BGR)
St. Ekaterina Hospice (BGR)
Vita Hospital (BGR)

Notable Recent News

February 2019: In Sofia, the new VITA Hospice Care program got launched. It is a therapeutic facility where experts care for patients with terminal illnesses, chronic illnesses, post-insult status, and injuries. The hospice offers the patient and his or her family medical supervision, therapeutic assistance, medical care, relief from pain and other psycho-emotional side effects of the illness, as well as moral support.

Healthcare Policies and Regulatory Landscape

Bulgaria has established a National Palliative Care Strategy for the period 2018-2022, with the goal of improving the quality of life of patients and their families through access to comprehensive palliative care services. The goal of the strategy is to create a sustainable palliative care system that is accessible to all patients who require it and is in accordance with the very best global standards.

The Ministry of Health, which controls the licencing and accreditation of healthcare facilities, including palliative care professionals, oversees the legislative framework for palliative care. Palliative care services are covered by the National Health Insurance Fund (NHIF) for patients with health insurance. Furthermore, the Bulgarian government has set up a scheme to offer free palliative care services to uninsured patients who are unable to pay for the treatment

Reimbursement Scenario

Palliative care services are provided in Bulgaria via the country's obligatory national health insurance program. Palliative care is available to patients with severe and persistent illnesses, and the National Health Insurance Fund covers the associated expenses. The type and extent of the palliative care given determine the reimbursement policy. Home care and inpatient care are paid for differently, and the amount is decided using a pre-established point system that takes into account the kind of care provided, how long it lasted, and the professional who provided it. Healthcare providers must abide by the rules and regulations established by the Ministry of Health, and the National Health Insurance Fund regulates the reimbursement policy.

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 Bulgaria 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 Bulgaria 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.

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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.
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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.