India Palliative Care Market Analysis Report 2022 to 2030

India Palliative Care Market Analysis

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India's Palliative care market is projected to grow from $237.87 Mn in 2022 to $548.19 Mn by 2030, registering a CAGR of 11% during the forecast period of 2022-30. The main factors driving the growth would be the ageing population, the growing healthcare industry, and government support. The market is segmented by service type and by the end user. Some of the major players include Manipal Hospital, Narayana Health, Max Healthcare, Kokilaben Dhirubhai Ambani Hospital, and Arthemis Health Sciences.

ID: IN10INHS013 CATEGORY: Healthcare Services GEOGRAPHY: India AUTHOR: Neha Davda

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India Palliative Care Market Executive Summary

India's Palliative care market is projected to grow from $237.87 Mn in 2022 to $548.19 Mn by 2030, registering a CAGR of 11% during the forecast period of 2022-30. India has gradually expanded its health spending over the past ten years in order to support its expanding population. Health expenditures increased to 3.01% of GDP in 2019 from 2.95% in 2018. Despite recent advancements, India still spends less on healthcare than the majority of affluent nations. By boosting public spending on healthcare and enacting reform measures, the government is attempting to improve the healthcare system, but there are still many issues that need to be resolved.

Palliative care is a type of specialized medical treatment for patients with life-threatening illnesses. This sort of care's main goal is to relieve stress and the symptoms of the condition. The objective is to enhance the patient's and their family's quality of life. A professionally trained group of physicians, nurses, and other professionals who collaborate with a patient's medical clinicians to offer an additional level of support is known as palliative care. Palliative care puts more emphasis on the patient's needs than their prognosis. It can be used in conjunction with curative care for serious illnesses at any age or stage. The palliative care market in India is one of the rapidly growing markets in the Asia Pacific market.

india palliative care market analysis

Market Dynamics

Market Growth Drivers

India's population is rapidly aging, with 340 million individuals over 60 predicted to live there by the year 2050. Given that older people are more likely to have chronic and terminal illnesses, there will be greater demand for palliative care services as the elderly population grows. Further, the growing healthcare industry and government support are expected to drive growth in the market.

Market Restraints

The lack of sufficient healthcare facilities for the elderly population, the high cost of palliative care services along with no specific reimbursement policies limit the growth of the palliative care market in the country.

Competitive Landscape

Key Players

Manipal Hospital (IND)
Narayana Health (IND)
Max Healthcare (IND)
Kokilaben Dhirubhai Ambani Hospital (IND)
Arthemis Health Sciences (IND)

Notable Recent Deals

October 2021: Max Healthcare plans to invest roughly $193.29 Mn to increase its capacity in the national capital region by adding about 1,000 beds in Gurugram, Haryana. The business "is further strengthening its position and extending its bed capacity in NCR by adding two hospitals in Gurugram with around 500 beds each.

Healthcare Policies and Regulatory Landscape

The Ministry of Health and Family Welfare is largely in charge of regulating the healthcare system and the regulatory environment for the Indian palliative care sector. The National Program for Palliative Care (NPCC) was established to offer patients with life-limiting illnesses and their families comprehensive and integrated palliative care services. The National Program for Palliative Care and the inclusion of palliative care services in the National Health Mission are some of the actions made by the Indian government to promote palliative care.

Reimbursement Scenario

In India, reimbursement practices have a significant impact on how easily and affordably palliative care services are provided. Palliative care is now regarded as a component of pain and symptom management treatments in India because there is no separate payment policy in place for it. Patients from low-income backgrounds may find it difficult to get palliative care services as a result of the lack of a specific funding strategy.

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 India 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 India 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.