Hospice center is referred to as the place that provides end-of-life care to
patients. At hospice, a team of health care professionals and
volunteers provide care that focuses on palliation of seriously ill
patients. They provide psychological, spiritual and medical support
to the patient. The aim of hospice is to help diseased patients, who
have less period of life span remaining, to have comfort, peace and
dignity. Usually, patients to whom hospice services are provided are
predicted to survive six months or even less than that. The
caregivers try to cure pain and other symptoms so that patients can
remain comfortable and alert as long as possible. Besides, hospice
services also provide help and support to patient’s family.
According to the place of providing these hospice services, hospice
market is divided into four major segments:
>
Home hospice care
>
Hospice center
>
Hospital
>
Skilled nursing facility
Among
all of the above mentioned places, hospice centers followed by home
hospice care are preferred by patients. Hospice centers are preferred
because it provides a friendly environment to the patients where one
does not feel lonely mainly due to the presence and accompany of
similar patients. These centers also provide mental support to the
patients through certain special activities such as meditation,
spiritual speeches and parties.
The
hospice market is increasing at faster pace majorly due to the
increasing prevalence of the diseases among the growing aging
population worldwide. According to the data of Centers for Disease
Control and Prevention (CDS), in 2010 there were 40 million people
who aged 65 and above in United States accounting for 13% of the
total population and CDC projected that around 20% of the population
of U.S. would be under this category by 2030. Additionally,
availability of large number of diverse programs according to the
disease condition and economic condition of the patient is also
helping the market to grow. According to the disease conditions
special programs are designed by hospice providers on the basis of
cancer, AIDS, heart diseases, kidney failures, liver diseases and
many others.
Get
the Pin-Point Analysis of Hospice Market: http://bit.ly/2eJqUJx
North
America and Europe leads the global hospice market majorly due to the
extensive support from the government to set up the infrastructure
and other essential necessities required by hospice centers. Hospice
care expenses in U.S. are mostly paid by the Medicare and Medicaid
services and Department of Veterans Affairs. Additionally, most of
the private insurance plans, health maintenance organizations (HMOs)
and other managed care organizations also provide the expenses for
hospice care in their plans and policies. Also, large number of
community contributions, foundation gifts and memorial donations in
U.S. are helping hospice market to give free services to poor
patients. Asia-Pacific is currently at growth stages for hospice
market and has set up few hospice centers with the help of
government, private sectors and renowned doctors. For instance, Dr.
L. J. Desouza, a cancer surgeon, has set up hospice centers in
Mumbai, Goa and Delhi with the name Shanti Avedna Sadan. This center
is focused on providing treatment for cancer patients. The countries
which are majorly driving the hospice market in Asia-Pacific region
include India, China, Japan and Taiwan.
Some
of the market players in hospice market include AMEDISYS, Inc,
Gentiva Health Services, LHC group, Almost Family, HCR Manor Care,
Seasons Hospice and Pallative Care, AseraCare Hospice, Compassionate
Care Hospice, Crossroads Hospice and Accent Care, Inc.
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