Hospice services are cost-effective, humane, and compassionate care provided to patients in the final stages of life who have completed courses of treatment for intractable diseases such as congestive heart failure, cancer, dementia, and lung disease. Service.
These services focus on quality of life, not length, so that patients can live with maximum comfort on the last day. Hospice services are typically used when a patient has a lifespan of about 6 months or less. Services offered include pain management, home care, inpatient care, spiritual care, family gatherings, respite care and bereavement care.
These services are available in homes, hospitals, special hospice care centers, and skilled nursing homes. A hospice care team typically includes a patient’s primary care physician, hospice physicians, nurses, medical assistants, counselors, skilled volunteers, and possibly speech, physical, and occupational therapists based on individual requirements. will be
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These services also focus on addressing the patient’s emotional, psychosocial, and spiritual outlook on death. Hospice services are individual services and can vary greatly from patient to patient.
Factors driving the growth of the global hospice services market are the expanding geriatric population pool, increasing number of cases of serious life-threatening illnesses such as cancer, end-stage renal disease, heart failure, and respiratory failure, increasing awareness of hospice services and An increase in the hiring rate. An increase in the number of private, government, government-supported and non-profit organizations providing hospice care services.
Financial support by governments and private organizations to small hospice care service providers is also boosting the market growth. However, a strict regulatory framework to check the misuse of funds provided for such services may limit market growth.
The global hospice services market is segmented on the basis of service type, care type, end-user, and region.
Based on service type
- nursing services
- medical supply services
- Counseling service
- Short-term hospitalization service
- doctor service
- Physical therapy
- Speech therapy
- Spiritual therapy
Based on the type of care
- acute care
- respite care
Based on distribution channel
- Home settings
- hospital
- Professional nursing home
- hospice care center
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The global hospice services market is segmented due to the large number of service delivery options available. The market is expected to expand globally due to rising incidence of incurable diseases. According to National Hospice and Palliative Care Organization (NHPCO) statistics, the number of hospice programs in the United States increased from 1 to 5,800 from 1974 to 2013. The annual number of cases increased from 25,000 to 1,656,000 from 1982 to 2014.
Geographically, the hospice services market is segmented into regions. North America, Latin America, Europe, Asia Pacific, Middle East, Africa. North America is currently the leader in the global hospice care services market and is expected to grow in the future due to its aging population.
Europe is the second largest market after the United States due to the established concept of hospice care services in the population and their better level of awareness. The Middle East hospice care market is likely to grow at the fastest rate due to the rising adoption rate of hospice care services. Asia Pacific is expected to follow the Middle East in terms of growth rate.
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Global Hospice Services Market Players Include Kindred Healthcare, Inc., National Hospice and Palliative Care Organization, Alzheimer’s Association, Benton Hospice Services, Oklahoma Hospice Care, New Hampshire Hospice and Palliative Care Organization, National Association for Home Care & Hospice increase. , Diaxen Hospice, Covenant Care, Chathamkent Hospice, Pruitt Health, Fairview Health Services.
The research report presents a comprehensive assessment of the market and includes thoughtful insights, facts, historical data, and statistically supported, industry-validated market data. It also includes predictions using a reasonable set of assumptions and methodologies. Research reports provide analysis and information by category such as market segment, region, type, technology, and application.
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