PALLIATIVE NURSING 2020 - MARKET ANALYSIS

Aybar Rodrigo, Obstetrician & Gynecologist, Social Security Hospital, Panama, Email: aybar_anhel@yahoo.com.ar

Received: 01-Jan-2021 Published: 22-Jan-2021

Palliative care serves as a health care specialty that's that comprises a philosophy of care and an organized, extremely structured system for delivering care to the persons with severe or enervating illness from diagnosis till death. The global palliative care market has classified into two based onthe service type as end user and geography.

The global market for palliative care is probably going to flourish over the prediction period of 2017-2027 due to increasing awareness concerning physical, social, and psychological, needs of patients, and their families. According to UN agency, Majority of individuals receiving hospice care are cancer patients.

Importance and scope

Palliative Care is an expert medical care for seriously ill people. Palliative care is a procedure for the prevention of chemotherapy ache or queasiness. This method of treatment is meant to provide relief from the signs and stress of severe disease. This provides relief from effects of stress such as pain, exhaustion, shortness of breath, diarrhea, constipation, loss of appetite, sleeping problems, and many others. An average of 12% of patients suffering from acute pain and illness in hospitals that are eligible for palliative care services, but only 30% of patients opted for palliative care. Palliative care requires seven main skills: communication, decision-making, treatment, monitoring of pain, emotional and psychological support, dying care, and medical planning or continuation. Palliative care's main objective is to relieve symptoms and improve the quality of life.

Over the past 10 years, Palliative Care has developed into a vital clinical specialty. More than 1000 new hospital based palliative care programs are created. Hospitals are conducting palliative care programs in more than fifty states. Including National Cancer Institute cancer centers, 58 of other institutions are taking part in the Children’s oncology group that have a palliative care team,92% of which have an inpatient palliative care consultation team and In pediatrics, 98 reports are having a palliative care program.

In the upcoming decades, we tend to see the requirement for palliative care growing considerably. At the same time, those interested in following palliative care research may gain advantage to attending this conference. The developing demand for the palliative care trials which will maximize the prospect for trials, results to be valid, safe, and moral.

On the treatment basis, the global market for palliative care centrists segmental. Palliative care programs include psychiatric treatment, medical care, medical practitioner services, skilled volunteer assistance, social services, faith counseling and subjects, home health care, exercise and fitness, speech therapy, inmate care, respite care, grief support and day care services for adults. Based on the location, the market for the hospice and palliative care services is evaluated for the residence of the recipient, the hospice facility and the acute care hospital.

Palliative Care Project Market Growth

The Palliative care market growth between 2008-2020 has a stunning growth and the factors that have led to the growth of this market are growing the aging population, increase in chronic life-threatening disease, initiative taken by the government and non- profit organization, and rise in government funding.

The Palliative Care Provider market is in a period of growth. Over the 10 years up to 2023, increased exchange price or the industry's contribution to the U.S. economy to grow at an annualized rate of 0.4%. This may be quicker than that of the U.S. During the same year (2.2 percent), this increase is accompanied by decreases in the early part of the 10-year cycle in particular.

The hospice & palliative care facility industry is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the rest of the world. The American Board of Medical Specialties, as well as Australia, Canada, Scotland, New Zealand, and Ireland, now accept hospice and palliative care services as a medical subspecialty. Most European countries are also establishing palliative care certificates.

Many private health insurance companies are benefiting from hospice care. If a patient has little or no financial resources, certain hospices can provide carefree of charge. Medicare and Medicaid providers and the Office of Veteran Affairs pay mostly for hospice care costs in the U.S.

Main Hospice and Palliative Care Centers:

Many private insurance plans, health care organizations (HMOs) and other managed care organisations also provide hospice care costs through their plans and policies that further improve hospice and palliative care demand. These hospice and palliative facilities are also being set up in emerging nations such as India, Brazil, Indonesia, and China, where poverty and insufficient accessibility to health care are present. Therefore, the market for hospice and palliative care is developing itself in these countries and with increasing awareness will be in great demand.

Form of Hospices & Palliative care programs: medical treatment, nursing, clinical services, skilled volunteer support, social services, spiritual support and counselling, home health care, physical and occupational rehabilitation, speech therapy, hospital care, respite care, isolation assistance and day care services for adults. The hospice and palliative care provider sector is evaluated for the residence of patients, hospice medical service and acute care hospital based on the location. The expansion of the hospice and palliative care industry is growing rapidly due to an ageing U.S. population and continued Medicaid reimbursement.Organizations often adopt marketing strategies to turn their companies into profit-making organisations.

Challenges in Palliative Care:

Annually Worldwide:

• 54 million people die (of various causes)

• 30 million die from progressive organ failure or other illness

• 8.5 million die from Cancer

• 1.5 million die from HIV/AIDS.

Global Palliative Care Market, by Healthcare centres

• Center to Advance Palliative Care (CAPC)

• UCLA Health

• National Hospice and Palliative Care Organization

• VITAS Healthcare

• University of Washington (UW Medical Center & UW Medicine)

• KEHPCA (Kenya Hospices and Palliative Care Association)

Goals for the Future

The below all are suggesting that earlier integration palliative care has great potential to improve the well-being and possibly the longevity of individual patients while also contributing to a vital reduction in healthcare expenditures.

• Building an environment conducive to supporting people throughout their illness spectrum.

• Compassionate home and community-based palliative care supporting patient as well as carer.

• Professional caregiver and bereavement support.

• Equitable, cost-effective evidence base palliative care.

• Encouraging ‘specialization in palliative care’ as in other medical specialties.

• Employing ‘multidisciplinary’ approach to palliative care.

Citation: Aybar Rodrigo, PALLIATIVE NURSING 2020 - MARKET ANALYSIS. J Environ Occup Health. 2021; 11(1): 6-7

Copyright: © 2021 The Authors. This is an open access article under the terms of the Creative Commons Attribution NonCommercial ShareAlike 4.0 (https://creativecommons.org/licenses/by-nc-sa/4.0/). This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.