Finland Palliative Care Market Analysis Report [2022-30]

Finland Palliative Care Market Analysis

$ 3999

The Finland Palliative care market is projected to grow from $27.47 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 aging population, improving healthcare infrastructure, and government support. The market is segmented by service type and by the end user. Some of the major players include Terhokoti, Pirkanmaan Hoitokoti, HUS Helsinki University Hospital, and Siun Sote.

ID: IN10FIHS013 CATEGORY: Healthcare Services GEOGRAPHY: Finland AUTHOR: Neha Davda

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Finland Palliative Management Market Executive Summary

The Finland Palliative care market is projected to grow from $27.47 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. In 2019, Finland's national healthcare spending as a share of GDP was 9.2% or $4,450 per person. Finland's per-capita health spending increased very slowly between 2013 and 2019. It was less than 10% of the EU average in 2019.

Palliative care is a way of treating patients with life-threatening illnesses and their relatives. The goal of palliative care services is to identify and treat pain as well as other physical, psychological, and spiritual issues as early as possible in order to avoid and alleviate suffering. Additionally, palliative care provides patients with career support and team-based care. Order to enable patients, to live as active a life as possible until they pass away, requires attending to practical requirements and building a support system. Palliative care is necessary for those with cardiovascular diseases, cancer, chronic respiratory illnesses, diabetes, kidney failure, chronic liver disease, and other chronic conditions.

The European palliative industry will prosper with increased research and development. In the near future, the adoption of alternative models utilizing interdisciplinary teams will open up new sources of income for the European palliative care industry.

Market Dynamics

Market Growth Drivers

The Finland palliative care market is expected to be driven by factors such as the aging population, improving healthcare infrastructure, and government support. With suggestions to enhance the standard of care and the way it is delivered, as well as education and training, the central government has become more interested in palliative care. This is gradually improving terminally ill patients access to high-quality palliative care.

Market Restraints

Shortage of trained healthcare professionals, limited integration with other healthcare services, and the high cost of availing of palliative care services are limiting the growth of the market in the country. Additionally, even though the public in Finland is becoming more aware of palliative care services, there is still a need for better awareness of the advantages of these services. Access to these services may be restricted because some patients and their families may not be aware of the full range of palliative care options accessible to them.

Competitive Landscape

Key Players

Terhokoti (FIN)
Pirkanmaan Hoitokoti (FIN)
HUS Helsinki University Hospital (FIN)
Siun Sote (FIN)

Healthcare Policies and Regulatory Landscape

Finland has an extensive healthcare system that offers all residents access to services. The Finnish healthcare system includes palliative care, which is accessible in a range of venues such as hospitals, hospices, and in-home care. The National Strategy for Palliative Care and the Palliative Care Act are some of the laws and policies the Finnish government has put in place to encourage the creation and delivery of palliative care services. These regulations seek to expand access to palliative care, raise the standard of care, and encourage the education of medical professionals in the field.

The National Supervisory Authority for Welfare and Health (Valvira), which keeps an eye on the standard of healthcare services and assures adherence to pertinent laws and regulations, is in charge of Finland's regulatory framework for palliative care. Additionally, the Finnish Drugs Agency (Fimea) controls and ensures the efficacy and safety of medicines used in palliative care.

Reimbursement Scenario

In Finland, all citizens have free access to palliative care services, which are often covered by the country's public healthcare system. A combination of governmental and private financing sources is used to offer reimbursement for palliative care services. While home-based palliative care services are frequently supplied by municipalities and paid by local taxes, hospice care and specialized palliative care services given by hospitals and other healthcare facilities are covered by the national health insurance system. Furthermore, specific reimbursement programs that offer financial aid for care may be available to terminally ill patients who need pricey medications or specialist 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 Finland 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 Finland 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.