Journal of Primary Care and General Practice

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Market Analysis - Journal of Primary Care and General Practice (2019) Volume 2, Issue 2

Market Analysis of Medical Summit and Expo on Palliative Care, Women's health and Gynecology

Eric G Bush,

Chief Medical Officer Hospice of the Chesapeake & Chesapeake Palliative Medicine, Columbia, E-mail: [email protected]

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Palliative care market analysis is increased over the prediction period of 2017-2027 due to increasing awareness about physical, social and psychological, needs of patients and their families.

The Marketing strategies for converting their companies into profit making organizations due to increasing of palliative care sector. Palliative Care Centers industry is in a growth life cycle stage. Over 20 years, trade price additional, or the industry’s contribution to the U.S. economy to grow at an annualized rate of 0.4%. whereas this can be slower than U.S. GDP.

Poor dietary habits are also likely to make a significant contribution to the rising revenue of the overall market. The global women’s health market was worth US$58.05 bn in 2016 and is expected to exhibit a CAGR of 5.7% between the forecast years of 2017 and 2025.

As per projections of a TMR report, the worldwide gynecological devices market can clock 4.8% CAGR between 2017 and 2023. This can translate opportunities within the market to come up with revenue of US$22,589.9 mn by 2023 from US$17,015.9 mn in 2017. In terms of device sort, gynecological surgical devices hold prominence within the market. Rising prevalence of single incision laparoscopic surgeries and advances in typical scrutiny surgeries account for advances in gynecological surgical instruments. Geography-wise, North America may be a remunerative marketplace for gynecological devices because of the first adoption of advanced gynecological devices.

According to the National Hospice and Palliative Care organization (NHPCO), in 2014 around 6 to 1.7 million patients received services from palliative care centers. Nearly 60% of the palliative care in 2014 was provided at patient’s residence. Market value for Global women’s health has been increasing at a outstanding pace in the past few years due to increasing number of menopausal conditions amongst women.

Over the 5 years to 2019, business revenue is anticipating at an annualized rate of 0.5% to $28.1 billion. However, as hospice suppliers accommodates these rules, demand has begun to come to growth, leading to an expected a pair of 1% revenue increase in 2019.

Many of the key world participants are in palliative care centers market such as Vitas health care Corporation, masterful health care cluster Incorporated, Sunrise Senior Living, LLC, Kindred health care Incorporated, Gentiva Health Services Incorporated, Home Instead Senior Care Incorporated, Amedisys Incorporated, masterful health care cluster Incorporated, Genesis health care Corporation, Senior Care Centers of America, and GGNSC Holdings LLC.

The global palliative care centers market is segmental on the premise of service. The palliative care services include Institutional care, medical aid, medical practitioner services, trained volunteer support, social services, religious support and subject matter, home health aides, physical, and activity, speech therapies, inmate care, respite care, sadness support and adult day care services. Based on the location, the hospice and palliative care centers market is analyzed for patient’s residence, hospice inmate facility and acute care hospital.

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The global market for palliative care is likely to flourish over the prediction period of 2017-2027 due to increasing awareness about physical, social and psychological, needs of patients and their families. According to WHO, Majority of people receiving hospice care are the cancer patients.

Companies are following marketing strategies for converting their companies into profit making organizations due to increasing of palliative care sector. According to the National Hospice and Palliative Care organization (NHPCO), in 2014 around 6 to 1.7 million patients received services from palliative care centers. Nearly 60% of the palliative care in 2014 was provided at patient’s residence.

Palliative Care Centers industry is in a growth life cycle stage. Over the ten years to 2023, trade price additional, or the industry’s contribution to the U.S. economy to grow at an annualized rate of 0.4%. whereas this can be slower than U.S. GDP during the same year (2.2%), this growth is especially driven down by declines within the early a part of the 10-year.

Geographically, the hospice & palliative care center’s market is divided into North America, Europe, Asia Pacific, Latin America and remainder of the planet. Hospice and palliative care center’s are currently recognized as a medical subspecialty by the Yankee Board of Medical Specialties, still as in Australia, Canada, England and New Zealand. Several European countries are within the method of developing certification for palliative care. There's a rapid development within the hospice market in North America.

The average interval between admission into a hospice program and death is regarding 2 months, though some patients utilize hospice services for 6 months or more. Regarding half all hospice patients die from cancer, however, heart condition, dementia, respiratory organ wellness, nephritis and disease additionally account for an out sized proportion of mortalities. This is often a shift from the first Nineteen Nineties, once quite seventy-five of hospice residents were admitted with terminal cancers, and reflects increasing acceptance of hospice services for a broader vary of conditions.

Palliative Care improves the standard of lifetime of the patient and supports the first medico, patient, and family. In last fifteen years, the Palliative care market incorporates a wonderful growth and therefore the factors that have diode to the expansion of this market are growing the aging population, increase in chronic dangerous sickness, initiative taken by the govt and non- profit organization, and rise in government funding.

Over the past 5 years, the Palliative Care Centers trade has declined by -0.6% to achieve revenue of $28bn in 2018. Within the same time frame, the amount of companies has declined by -2.0% and also the range of staff has declined by -2.2%.

Palliative Care improves the standard of lifetime of the patient and supports the first medico, patient, and family. In last fifteen years, the Palliative care market incorporates a wonderful growth and therefore the factors that have diode to the expansion of this market are growing the aging population, increase in chronic dangerous sickness, initiative taken by the govt and non- profit organization, and rise in government funding.

Over the past 5 years, the Palliative Care Centers trade has declined by -0.6% to achieve revenue of $28bn in 2018. Within the same time frame, the amount of companies has declined by -2.0% and also the range of staff has declined by -2.2%.

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