Germany Palliative Care Market Analysis Report [2022-30]

Germany Palliative Care Market Analysis

$ 3999

The Germany palliative care market is projected to grow from $478.73 Mn in 2022 to $774.61 Mn by 2030, registering a CAGR of 6.2% during the forecast period of 2022 - 2030. The main factors driving the growth would be increasing awareness and acceptance, comprehensive health insurance and increasing incidence of chronic diseases. The market is segmented by service type and by the end user. Some of the major players include Das Kindl, Vivantes Hospital, Helios Hospital, Nordwest Hospital, Asklepios Klink Barmbek and Home Instead.

ID: IN10DEHS013 CATEGORY: Healthcare Services GEOGRAPHY: Germany AUTHOR: Neha Davda

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Germany Palliative Care Market Executive Summary

The Germany palliative care market is projected to grow from $478.73 Mn in 2022 to $774.61 Mn by 2030, registering a CAGR of 6.2% during the forecast period of 2022 - 2030. In 2019, Germany spent $4874.39 on healthcare per person, which was 28% more than the EU average of $3812. Furthermore, compared to other EU countries, Germany spends the highest percentage of its GDP (11.7%) on healthcare. As the majority of health spending in the EU is paid by public sources, just 12.7% of people in the country pay for their own healthcare, which is much less than the majority of other EU countries.

Palliative care is a type of specialised medical treatment for patients with life-threatening illnesses. Relief from the symptoms and stress of the sickness is the main goal of this kind of therapy. Enhancing the patient's and their family's quality of life is the aim. An additional level of support is offered to patients by a professionally trained team of physicians, nurses, and other professionals who collaborate with their medical practitioners to provide palliative care. Palliative care concentrates on the patient's needs rather than their prognosis. At any age or stage of a serious illness, it can be given in addition to curative therapy.

The European palliative industry will thrive with more research and development. The development of alternative models that make use of interdisciplinary teams will soon open up new revenue streams for the European palliative care sector.

Germany Palliative Care Market Analysis

Market Dynamics

Market Growth Drivers

The German palliative care market is expected to be driven by factors such as increasing awareness and acceptance, comprehensive health insurance and increasing incidence of chronic diseases. 90% of all deaths in Germany, according to the German Federal Ministry of Health, are caused by chronic diseases. The management of chronic illnesses and raising the standard of living for patients both benefit greatly from palliative care.

Market Restraints

Although the German government has taken steps to support palliative care, funding for these programs is still insufficient. Palliative care services may become less accessible as a result, and patients may find it more challenging to obtain them which restricts the market growth in the country.

Competitive Landscape

Key Players

Das Kindl (DEU)
Vivantes Hospital (DEU)
Helios Hospital (DEU)
Nordwest Hospital (DEU)
Asklepios Klink Barmbek (DEU)
Home Instead

Notable Recent Deals

July 2020: Asklepios completed the voluntary public acquisition offer to the shareholders of RHON-KLINIKUM in order to achieve its goal of forging a strategic alliance. For the benefit of patients and all employees, RHON and Asklepios will strategically complement one another, share knowledge, and position themselves in the best possible position for long-term, sustained success.

Healthcare Policies and Regulatory Landscape

German healthcare policies and regulatory framework support the country's well-established palliative care market. Palliative care is a major priority of the German healthcare system, which has a number of rules and regulations in place to guarantee the delivery of high-quality palliative care services.

The German Hospice and Palliative Law (Hospiz- und Palliativgesetz, HPG), which enhances care for seriously ill and dying patients, provide the required foundation for this obligation. Care at the end of life must take into account a patient's potential desire to pass away. The updated 2019 version of the German Palliative Care Guideline for Patients with Incurable Cancer contains a chapter on the wish to die to provide direction and assurance in responding to a desire to die responsibly within the German regulatory framework.

The "National Cancer Plan," which was unveiled in 2008, is another crucial strategy. This program seeks to advance palliative care as well as cancer prevention, early detection, and treatment. The plan outlines concrete actions that will raise the standard of palliative care services, like creating palliative care teams and offering education and training to medical personnel.

Reimbursement Scenario

Public health insurance, which is required for all citizens in Germany, covers palliative care services. Palliative care services are also covered by private health insurance, albeit the extent of coverage varies by policy. In Germany, the government controls the reimbursement rates for palliative care services. These rates are established to guarantee that patients can obtain high-quality care without paying exorbitant prices. Different costs for inpatient and outpatient care, medication, and medical equipment are charged depending on the individual palliative care service.

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 Germany 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 Germany 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.