Belgium Palliative Care Market Analysis

Belgium Palliative Care Market Analysis


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The Belgium Palliative care market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The main factors driving the growth would be the ageing population, public awareness and government support. The market is segmented by service type and by the end user. Some of the major players include Hospice Pacheco, Coda Hospice, Jardin Hospice and Ter duinen Hospice.

ID: IN10BEHS013 CATEGORY: Healthcare Services GEOGRAPHY: Belgium AUTHOR: Neha Davda

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Belgium Palliative Care Market Executive Summary

The Belgium Palliative care market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Belgian healthcare spending as a share of GDP in 2019 was 10.66% or $4,960.39 per person. It spent more than the 9.9% average of the present EU. 77% of all health expenditures were public, which is much less than the EU average of 80%.

For patients with life-threatening illnesses, there is a sort of specialised medical care known as palliative care. The major objective of this type of care is to provide relief from the stress and symptoms of the condition. The goal is to improve the patient's and their family's quality of life. In order to give an additional degree of care, a patient's usual medical providers work in tandem with a team of medical specialists with specialised training in palliative care. Doctors, nurses, and other specialists may be a part of this group. The patient's needs come first in palliative care, not the patient's prognosis. In addition to curative therapy, its administration is permissible at any age or stage of a serious illness.

Growing research and development will help the palliative industry in Europe thrive. The implementation of alternative models with interdisciplinary teams will soon create new revenue streams in the European palliative care sector.

Market Dynamics

Market Growth Drivers

The Belgium palliative care market is expected to be driven by factors such as the ageing population, public awareness and government support. The introduction of palliative care units in hospitals as well as funding for training programs, research, and other initiatives have all been supported significantly by the Belgian government.

Market Restraints

There are several restrictions on the palliative care market in Belgium that may affect how care is delivered. The lack of medical professionals, nurses, and carers who specialise in palliative care is one of the causes. The ageing population has led to a rise in palliative care demand in recent years, which has boosted the demand for educated specialists. The healthcare system is fragmented as a result of the lack of integration between palliative care and other medical services, which might result in care gaps.

Competitive Landscape

Key Players

  • Hospice Pacheco (BEL)
  • Coda Hospice (BEL)
  • Jardin Hospice (BEL)
  • Ter duinen Hospice (BEL)

Healthcare Policies and Regulatory Landscape

The legal framework for palliative care is outlined in the Law of 14 June 2002 on Patients' Rights, which provides that patients have the right to appropriate pain relief and palliative care. The Belgian government has also created a National Plan for Palliative Care, which aims to raise public knowledge of palliative care, guarantee greater coordination between various healthcare providers, and enhance the quality of palliative care services.

Reimbursement Scenario

In Belgium, the National Institute for Health and Disability Insurance (INAMI) is in charge of governing the payment procedures for palliative care. Palliative care is currently covered by a mixed-finance strategy that includes both public and private financial sources. While home-based palliative care is partially supported by the patient's health insurance and partially by the government, inpatient palliative care is entirely covered by the public health insurance system.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Palliative Care Market Segmentation

By Service Type (Revenue, USD Billion):

Based on service type, the Belgium palliative care market is divided into the following:

  • Private residence care
  • Hospice inpatient care
  • Hospital inpatient care
  • Nursing home and residential facility care
  • Others

By End User (Revenue, USD Billion):

Based on end-user type, the Belgium palliative care market is divided into the following:

  • Hospitals
  • Home Care Settings
  • Palliative Care Centers
  • Long-Term Care Centers & Rehabilitation Centers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 20 February 2023
Updated by: Shivam Zalke

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