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Historical Year
Forecast Year
The Philippines palliative care market size is expected to grow at a CAGR of 5.9% during the forecast period of 2025-2034, driven by increasing incidence of chronic diseases along with an aging population base across the region.
In 2023, ischemic heart diseases ranked as the primary cause of death in Philippines, accounting for 44,770 cases (19.3%) of the total deaths. Neoplasms led to 24,066 deaths (10.4%), while cerebrovascular diseases were accountable for 23,951 deaths. Cancer is another major cause of mortality, with breast cancer having a higher prevalence over types. Around 27,163 new cases are recorded every year, leading to 9,906 deaths in both genders. The increasing incidence of chronic diseases, owing to evolving lifestyle of the population is leading to increased Philippines palliative care market demand.
The market growth is driven by increasing investments to develop and improve the healthcare infrastructure, along with rising adoption of novel technologies to develop innovative and effective treatment options for patients. Rising collaborations between private and public entities, along with increased government funding initiatives are also expected to bolster the market value in the forecast period.
Infrastructure Expansion to Boost the Philippines Palliative Care Market Growth
In November 2023, Philippines witnessed the inauguration of its first hospital dedicated to cancer care. Launched through a collaborative effort of Department of Health (DOH) and Ayala Healthcare Holdings, Healthway Cancer Care Hospital (HCCH) aimed at facilitating early cancer detection with the help of free tests and diagnostic examinations. The new care facility also helps in treatment and post-cancer care. Such new care facilities encourage people to undergo regular screenings to prevent the rising incidence of the disease. Such rising initiatives to enhance the medical infrastructure and provide improved solutions to the patients are expected to drive the market growth in the coming years.
Adoption of Novel Technologies to Aid Innovative Treatment
The healthcare sector has been witnessing an increased incorporation of novel and innovative technologies to provide advanced treatment alternatives to the patients. The adoption of new technologies is expected to boost the Philippines palliative care market share in the forecast period. In April 2023, Department of Science and Technology-Philippine Nuclear Research Institute (DOST-PNRI) researchers deployed nuclear medicine for early and precise cancer detection. Providing cost-effective diagnostics are a major area of attention amongst the scientists. Nuclear medicine can not only be used for cancer treatment, but also for tackling other chronic diseases such as dementia. They also plan to establish medical cyclotron and positron emission tomography–computed tomography (PET-CT) imaging center in the region.
Surge in Partnerships to Expand Services in Remote Services
The Philippines palliative care market size is poised to grow with increasing collaborations to combat the rising incidence of cardiovascular diseases in the region. In June 2023, the World Health Organization (WHO) and Filipino Department of Health (DOH) expanded the reach of Healthy Hearts Program across remote districts of Iloilo province and Antique in Western Visayas. The program constitutes job aids and e-Learning course to educate and inform healthcare staff in offering patients precise and relevant information. It offers Konsultasyong Sulit at Tama or Konsulta primary health care package and allows improved screening, diagnosis, and care protocols. The partnership can build a significant momentum in decreasing cardiovascular disease associated with premature deaths in the region.
Market Breakup by Condition
Market Breakup by Service Type
Market Breakup by End User
In Philippines, access to palliative care has been growing with increased government initiatives to incorporate palliative care into the country’s healthcare system. In February 2023, Department of Budget and Management (DBM) announced an investment of PHP500 million 2023 Cancer Assistance Fund (CAF). The funding is focused at establishing state of the art diagnostic laboratories for affordable screenings for eight priority cancer types, having the highest incidence in the region.
In the forecast period, the capital region Manila, is anticipated to lead the Philippines palliative care market share. The presence of leading hospitals and care facilities attributes to the significant market size. Having an educated, aware, and economically strong population base also contributes to the growth. Community based initiatives and collaborative efforts amongst local healthcare providers and NGOs are also highly prevalent in the region.
In July 2023, the local government units emphasized on the procurement and integration of public automated external defibrillators (AED) in health centres. AEDs can improve life expectancy in patients by 30%. The government also aims to commence the local registry on hypertension, diabetes and all the other categories of diseases that may contribute to heart issues. The increasing efforts to easily monitor the patients and reduce the mortality rates are expected to drive the market value in the forecast period.
In May 2023, Option Care Health acquired Amedisys , a home health and hospice firm for USD 3.6 billion. The acquisition united Amedisys palliative, hospice, and high-acuity care services with alternate site infusion services offered by Option Care Health and created a single, independent platform for home and alternate care sites. As per the terms of agreement, Option Care Health held 64.5% of the company shares, while the rest (35.5%) was owned by Amedisys. The market has been witnessing an upswing in merger and acquisition activities all the across the globe.
The key features of the Philippines palliative care market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Condition |
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Breakup by Service Type |
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Breakup by End User |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is anticipated to grow at a CAGR of 5.9% during the forecast period of 2025-2034, driven by rising incidence of chronic diseases across the region.
The market demand is driven by increasing incorporation of technically advanced facilities in palliative care. Rise in disposable incomes of the population, along with growing partnerships between private and public entities to expand services in marginalised areas also fuels the market demand.
Surge in infrastructure expansion activities to establish latest technologies in the region is a major market trend. In November 2023, Philippines witnessed the inauguration of Healthway Cancer Care Hospital (HCCH), its first hospital dedicated to cancer care. The new care facility is aimed at aimed at facilitating early cancer detection along with treatment and post-cancer care.
Based on service types, the market is divided into private residence care, hospice inpatient care, nursing home and residential facility care among others.
Major end users include hospitals, home care settings, palliative care centers, long- term care centers, and rehabilitation centers.
Based on condition, the market is divided into cardiovascular diseases, cancer, and chronic respiratory diseases, among others.
Key players involved in the market are Life Care Independent and Assisted Living, ActiveCare Home Health Solutions, St. Luke’s Medical Center, Centura Health, Cardinal Santos Medical Center, Carelon Health, HospiceWorks, Seymour Health, Kindred Health Incorporated, FC Compassus LLC, Revera Inc., and LHC Group, Inc.
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India
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Philippines
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+63-287-899-028, +63-967-048-3306
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Vietnam
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-723-689-1189
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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