Mexico Palliative Care Market Analysis Report [2022-30]

Mexico Palliative Care Market Analysis

$ 3999

The Mexico Palliative care market is projected to grow from $196.2 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 private sector investments, the aging population, government support, 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 Wellness Shepherd, Hospice of New Mexico, Presbyterian, and others.

ID: IN10MXHS013 CATEGORY: Healthcare Services GEOGRAPHY: Mexico AUTHOR: Neha Davda

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Mexico Palliative Management Market Executive Summary

The Mexico Palliative care market is projected to grow from $196.2 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Mexico's national health expenditure increased from 5.38% of its GDP or $521 per capita in 2018 to 5.43% of its GDP or $540 per capita in 2019.

A specialized form of medical care for those with life-threatening illnesses is palliative care. 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.

Latin America has made significant progress in the development of palliative care. The expansion of the palliative care market in Latin America is partly attributed to nations like Mexico, which have more children's palliative care facilities.

Market Dynamics

Market Growth Drivers

The Mexico palliative care market is expected to be driven by factors such as private sector investments, the aging population, and the increasing prevalence of chronic diseases. Moreover, The Mexican government has worked to enhance palliative care services, and in 2016 it created a national palliative care strategy with the goal of enhancing access to such treatments throughout the nation.

Market Restraints

Inadequate funding and reimbursement systems for palliative care services, limit the ability of healthcare providers to offer these services to their patients, and limited access to essential medications, such as opioids, which are required for efficient pain management in patients receiving palliative care, are two factors limiting the growth of the palliative care market in the nation.

Competitive Landscape

Key Players

Wellness Shepherd (MEX)
Hospice of New Mexico (MEX)
Presbyterian (MEX)
Others

Healthcare Policies and Regulatory Landscape

In Mexico, several government organizations, including the National Institute of Cancer (INCan), the Federal Commission for Protection against Health Risks (COFEPRIS), and the Mexican Ministry of Health, regulate the palliative market and healthcare regulations. These organizations are in charge of developing and enforcing rules pertaining to the delivery of palliative care services, as well as approving medicines and medical devices that are used in palliative care. The National Strategy for Palliative Care, which was introduced by the Mexican Ministry of Health in 2017, intends to expand access to palliative care services while also raising the standard of care given. The plan calls for a number of important steps, including increasing access to palliative care in public hospitals and clinics and training medical staff to provide care.

Reimbursement Scenario

The Mexican Social Security Institute (IMSS), the Institute for Social Security and Services for State Workers (ISSSTE), and the Popular Health Insurance (Seguro Popular) program, among others, all offer public and commercial health insurance policies in Mexico that include palliative care services. In order to improve the quality of life for individuals with life-limiting conditions, the coverage may also include home-based care, pain treatment, psychiatric support, and other services.

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 Mexico 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 Mexico 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.