Romania Palliative Care Market Analysis Report [2022-30]

Romania Palliative Care Market Analysis

$ 3999

The Romania Palliative care market is projected to grow from $37.93 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, the rise in chronic disease prevalence, and government support. The market is segmented by service type and by the end user. Some of the major players include Hospice Casa Sperantei, Hospice Eliana, Nova Vita Medical Center, and Hospice Hope Bucharest.

ID: IN10ROHS013 CATEGORY: Healthcare Services GEOGRAPHY: Romania AUTHOR: Neha Davda

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Romania Palliative Management Market Executive Summary

The Romania Palliative care market is projected to grow from $37.93 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. From $5.56% or $687 per capita in 2018, Romania's national healthcare spending as a percentage of GDP increased to 5.74% in 2019 and reached $739 per capita. Romania still has the second-lowest health spending per person and as a proportion of GDP in the EU, despite improvements over the past ten years.

Patients with life-threatening illnesses receive specialized medical care known as palliative care. The major objective of this type of care is to provide relief from stress and sickness symptoms. Enhancing the patient's and the family's quality of life is the goal. Palliative care is provided by a specially trained team of medical experts, including doctors, nurses, and other specialists, who work together with a patient's medical providers to provide a second level of support. The patient's needs, not their prognosis, are the focus of palliative care. It can be administered in addition to curative care and is appropriate for serious illnesses at any age or stage.

Growing research and development will help the palliative care market in Europe thrive. The implementation of alternative models with interdisciplinary teams will soon create new revenue streams in the European palliative care sector.

Market Dynamics

Market Growth Drivers

The Romania palliative care market is expected to be driven by factors such as the aging population, rise in chronic disease prevalence, and government support. The Romanian government has begun to make more investments in the medical field, particularly palliative care. This investment is helping to fund the construction of new facilities and the education of additional industry experts.

Market Restraints

The Romanian economy has faced several challenges in recent years, including high levels of poverty and unemployment. These economic challenges can make it difficult for individuals and families to access expensive palliative care services and limit the growth of the market in the country.

Competitive Landscape

Key Players

Hospice Casa Sperantei (ROU)
Hospice Eliana (ROU)
Nova Vita Medical Center (ROU)
Hospice Hope Bucharest (ROU)

Healthcare Policies and Regulatory Landscape

The legal framework and healthcare policies for the Romania palliative care market are still developing. Recognizing the significance of palliative care, the Romanian government has taken steps to increase both the availability and quality of palliative care services in the nation. The availability and quality of palliative care treatments are however still constrained by a variety of issues with Romania's healthcare system.

Reimbursement Scenario

There are still some financial obstacles to receiving care in Romania, and reimbursement procedures for palliative care are currently being developed. In Romania, the healthcare system is a combination of public and private insurance, with some services being covered by the former and others by the latter. Although the particular reimbursement policies can change based on the type of care and the patient's unique circumstances, patients with public insurance may be eligible for reimbursement for palliative care 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 Romania 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 Romania 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.