South Africa's Palliative care market is projected to grow from $85.02 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 an increasing burden of non-communicable diseases, an increasing elderly population, and government support. The market is segmented by service type and by the end user. Some of the major players include Nelson Mandela Children's Hospital, Umduduzi, Helderberg Hospice, and St. Luke’s Combined Hospice.
South Africa's Palliative care market is projected to grow from $85.02 Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022-30. As a percentage of GDP in 2019, national healthcare spending in South Africa was 9.11% or $547 per person.
Palliative care is a type of specialized 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 care. 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 care. Although the palliative care industry in Africa is still in its infancy, there is rising awareness of the value of these services in raising the standard of living for those with terminal illnesses.
Market Growth Drivers
The South Africa palliative care market is expected to be driven by factors such as the increasing burden of non-communicable diseases, the increasing elderly population, and government support. The South African government has taken action to broaden access to palliative care services because it recognizes the importance of these services. For instance, the government introduced a new policy framework for palliative care in 2017, which includes initiatives to increase the availability of necessary pharmaceuticals and train additional medical professionals.
Market Restraints
Limited funding and resources, the high cost of palliative care services, and the fragmented healthcare system restrict the market growth in the country. Moreover, in rural and underdeveloped areas specifically, there is a shortage of healthcare workers in South Africa who have received training in palliative care. The quantity and quality of palliative care services are so constrained.
Key Players
The South African Health Products Regulatory Authority (SAHPRA) and the Department of Health in South Africa are in charge of regulating the palliative care market's healthcare policy. The South African government created the National Policy Framework and Strategy on Palliative Care in 2017, with the intention of enhancing access to palliative care services, particularly for vulnerable and disadvantaged populations.
The regulation of the approval and registration of pharmaceuticals and medical equipment used in palliative care is the responsibility of SAHPRA. Before these products can be promoted and sold in South Africa, SAHPRA evaluates the safety and effectiveness of those products.
The policies for palliative care reimbursement in South Africa differ depending on the kind of healthcare provider and the kind of insurance plan. Private healthcare providers often require patients to have private health insurance in order to get palliative care treatments, in contrast to public healthcare facilities, such as hospitals and clinics, which offer these services free of charge to patients.
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 South Africa palliative care market is divided into the following:
By End User (Revenue, USD Billion):
Based on end-user type, the South Africa palliative care market is divided into the following:
Methodology for Database Creation
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