Expanding Pool of Elderly Population cements Growth of Palliative Care Market

The growth of palliative care market stems from monumental rise in chronic diseases and expanding pool of elderly population that suffer from age-related disorders. Palliative care involves improving the quality of life of individuals suffering from chronic diseases, and reduces the burden of disease on their families. High prevalence of various chronic diseases such as respiratory-related diseases and dementia among the elderly is fuelling demand for palliative care.

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Palliative care comprises accurate assessment and treatment of problems that are psychosocial, medical, physical, and spiritual. Elaborately, palliative care is a type of hospice care service that is rendered to make the last days of terminally ill patients less distressing. The International Association for Hospice and Palliative Care has authorized and listed about 32 medicines for palliative care that includes analgesics, antiemetic, and others.

Setting of Palliative Care depends on Seriousness of Condition

Palliative care is administered to patients who suffer from various illnesses such as chronic pulmonary obstructive disease (COPD), congestive heart failure, CNS disorder, cancer, and other such diseases. It focuses on providing relief from the symptoms, stress, and pain of a serious illness. Palliative care is rendered in different settings, which include private residence care, hospice inpatient care, nursing home and residential facility care, and hospital inpatient care.

Palliative care offers symptomatic relief from pain and anxiety, loss of appetite, nausea, diarrhea, vomiting. This ability of palliative care to provide relief from a host of symptoms is contributing to the expansion of palliative care market.

Asia Pacific is expected to emerge as a key region in the palliative care market in the coming years. Rising elderly population in parts of the region who would require palliative care for chronic diseases and age-related disorders is impelling the palliative care market in the region. In addition, rising disposable income in developing countries of the region is making palliative care more affordable for elderly parents and family members.

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Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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