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Needing care: Industry revenue will continue to grow as the population ages
Hospices & Palliative Care Centers
Prior to 2013, the Hospices and Palliative Care Centers industry grew rapidly for more than a decade, aided by government funding, an aging US population, rising healthcare costs and a general shift toward at-home end-of-life care. The industry continued growing straight through the economic downturn as relevant funding and the number of facilities offering hospice and palliative services grew.
However, government funding for industry services has come under intense scrutiny in recent years. Hospice and home healthcare organizations are aggressively lobbying Congress to reconsider or revoke these reductions. Sources of industry demand will likely continue to escalate as the population ages and the popularity of home healthcare grows.
This industry provides programs that offer symptom relief and pain management for patients with life-terminating illnesses. Hospice care applies to companies that administer care (in terms of comfort rather than cure) to patients with life-limiting illnesses or diseases. Nonhospice palliative care is provided to individuals with serious, complex illnesses who may or may not be expected to recover fully; this segment is excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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