Portugal's Palliative care market is projected to grow from $39.34 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 government initiatives and the aging population. The market is segmented by service type and by the end user. Some of the major players include Madrugada, Hospital da Luz, CUF Infante Santo Hospital, and Oncology Institute Francisco Gentil.
Portugal's Palliative care market is projected to grow from $39.34 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. Portugal's national health spending in 2019 was 9.53% of its GDP. Portugal has historically spent less on healthcare both as a percentage of GDP and per person than the rest of the EU. A third less than the EU average, Portugal spent $2,221 per person on health in 2019.
Palliative care is a type of specialized medical treatment for patients with life-threatening illnesses. Giving alleviation from the illness's symptoms and stress is the main goal of this sort of care. A better quality of life for the patient and their family is the aim. A team of medical professionals with specialized training in palliative care collaborates with a patient's regular medical providers to offer an extra level of support. This team may include doctors, nurses, and other specialists. Palliative care prioritizes the needs of the patient rather than the patient's prognosis. Any age or stage of a serious illness allows for its administration in addition to curative therapy.
Growing research and development will lead to an increase in the palliative market in Europe. New revenue streams in the European palliative care industry will soon become available as a result of the adoption of various interdisciplinary team models.
Market Growth Drivers
The Portuguese government has taken action to increase access to palliative care services because it recognizes how important it is. For instance, the government has funded training programs for medical professionals and has started campaigns to raise awareness of palliative care among the general public. Additionally, the need for palliative care services is rising in Portugal as a result of the country's aging population.
Market Restraints
The insufficient infrastructure and trained personnel in the palliative care sector along with the high cost associated with these services is limiting the growth of the palliative care market in the country. Although there has been an increase in the number of units per palliative care team since 2006, this expansion is still not enough to fulfill the demands of the nation.
Key Players
The National Health Service (NHS) and the Ministry of Health are in charge of Portugal's palliative care market's healthcare regulations and policies. Recognizing the need of offering patients with life-limiting illnesses high-quality treatment, the government has made considerable investments in enhancing palliative care services in the nation. A change in recent years has been towards community-based palliative care, with an emphasis on giving patients treatment in their homes as opposed to hospitals. To guarantee that palliative care services satisfy the needs of patients and their families, strong regulations and standards are in place. These rules address things like end-of-life care, drug administration, and patient safety.
The NHS funding structure serves as the foundation for the reimbursement rules for the palliative care sector in Portugal. Hospice care and home-based care are two examples of palliative care services that are financially supported by the NHS. The expense of a patient's stay in a hospice, including the cost of medical care, nursing care, and other support services, is covered by the NHS under the terms of hospice care. The NHS offers funds for medical professionals to provide care at home as well as for supplies and equipment. Palliative care services are reimbursed using a fee-for-service basis, with various costs for various services. Doctors, nurses, and other medical professionals who work in palliative care might receive financial assistance from the NHS for their education and professional growth.
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
By Service Type (Revenue, USD Billion):
Based on service type, the Portugal palliative care market is divided into the following:
By End User (Revenue, USD Billion):
Based on end-user type, the Portugal palliative care market is divided into the following:
Methodology for Database Creation
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