Hospices & Palliative Care Centers
Prior to 2013, the Hospices and Palliative Care Centers industry had been growing rapidly, aided by government funding, an aging US population, rising healthcare costs and a general shift toward at-home end-of-life care. Over the five years to 2019, Medicare and Medicaid funding is projected to increase while the number of adults aged 65 and over in the United States will grow. However, government funding for industry services has come under intense scrutiny in recent years. While industry revenue is expected to decline over the five years to 2018, it is expected to pick back up over the next five years.
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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