Advanced Care Planning Solution Market Research Report By Type (Software, Services), By Deployment Model (On-premise, Cloud-based), By End-User (Hospitals and Clinics, Hospice and Palliative Care Centers, Long-Term Care Facilities, Home Health Agencies), By Functionality (Document Creation and Management, Communication and Collaboration, Decision Support, Data Analysis and Reporting) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2032

Advanced Care Planning Solution Market Overview

As per MRFR analysis, the Advanced Care Planning Solution Market Size was estimated at 15.82 (USD Billion) in 2022. The Advanced Care Planning Solution Market Industry is expected to grow from 17.6(USD Billion) in 2023 to 45.8 (USD Billion) by 2032. The Advanced Care Planning Solution Market CAGR (growth rate) is expected to be around 11.22% during the forecast period (2024 - 2032).

Key Advanced Care Planning Solution Market Trends Highlighted

Driving factors for the Advanced Care Planning (ACP) Solutions Market are the growing geriatric population, a growing rate of chronic illnesses being seen and the increasing healthcare costs. Patients are recognizing the significance of ACP along with the cost of health care and the medical institutions, further making it easier.

Some of the opportunities for advancement in the ACP market prospects are in telehealth services expansion, remote patient monitoring, and mobile healthcare applications. Such technologies help medical care providers offer ACP services to more patients, including those in disadvantaged and/or rural areas. The growth of incorporating ACP solutions into EHR systems is also one of the contributing factors to the growing market due to better access to patients' data and communication between patients and the provision of care.

Trends observed in the market for ACP recently include increasing adoption of value-based healthcare models which recognize the need for providing care that is focused on the patient's needs and preferences in how decisions are made. This has increased the market for ACP offerings which enables people to choose the treatment options that are appropriate for them. There is also an increasing amount of use of artificial intelligence (AI) and natural language processing (NLP) within ACP solutions. These technologies are applied to largely reduce work, improve precision, and improve patient care and experience on such patients who are not fully assisted.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Advanced Care Planning Solution Market Drivers

Aging Population

The aging population is a major driver of the growth of the Advanced Care Planning Solution Market Industry. As the population ages, the need for advance care planning increases. This is because older adults are more likely to have chronic conditions and face end-of-life decisions. Advanced care planning can help older adults to make informed decisions about their care and to ensure that their wishes are respected. For instance, according to the United Nations, in 2019, there were 900 million people aged 65 or over, and this number is projected to reach 2.1 billion by 2050.This aging population is expected to drive the demand for advanced care planning solutions as they are more likely to require healthcare services and make end-of-life decisions.

Increasing Prevalence of Chronic Diseases

The increasing prevalence of chronic diseases is another major driver of the growth of the Advanced Care Planning Solution Market Industry. Chronic diseases, such as cancer, heart disease, and diabetes, are becoming more common, and these diseases can lead to a decline in quality of life and an increased need for healthcare services. Advanced care planning can help people with chronic diseases to make informed decisions about their care and to ensure that their wishes are respected.In 2023, the World Health Organization estimated that non-communicable diseases (NCDs), including chronic diseases, accounted for 74% of all deaths worldwide. The increasing prevalence of chronic diseases highlights the importance of advanced care planning as it enables individuals to plan for their future healthcare needs and preferences.

Technological Advancements

Technological advancements are also driving the growth of the Advanced Care Planning Solution Market Industry. Advancements in technology are making it easier for people to create and share advanced care plans. For instance, there are now a number of online and mobile applications that allow people to create and store their advanced care plans. These applications can also be used to share advanced care plans with family members, healthcare providers, and other trusted individuals.Technological advancements are making advanced care planning more accessible and convenient, which is leading to an increase in the adoption of these solutions.

Advanced Care Planning Solution Market Segment Insights

Advanced Care Planning Solution Market Type Insights  

 The Advance Care Planning Solution Market's Type segment is segmented into Software and Services. The Software segment accounted for a larger revenue share in 2023 and is expected to maintain its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing adoption of software solutions for advanced care planning due to their ability to streamline the process, improve communication between patients and providers, and reduce the burden on healthcare systems. The Services segment is also expected to witness significant growth during the forecast period.This growth can be attributed to the increasing demand for professional guidance and support in advance care planning. Services such as counseling, facilitation, and education help individuals navigate the complex decisions involved in advance care planning and ensure that their wishes are respected. The Advanced Care Planning Solution Market is expected to reach a valuation of USD 23.4 billion by 2028, exhibiting a CAGR of 10.2% during the forecast period (2024-2032). The market growth is primarily driven by the rising prevalence of chronic diseases, the increasing geriatric population, and growing awareness about advanced care planning. Furthermore, government initiatives and support for advanced care planning are also contributing to the market growth.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Advanced Care Planning Solution Market Deployment Model Insights  

 Deployment Model Segment Insight and Overview The Advanced Care Planning Solution Market is segmented based on deployment model into on-premises and cloud-based. The on-premises segment held a larger market share in 2023, owing to the higher level of control and security it offers to healthcare organizations. However, the cloud-based segment is expected to grow at a faster CAGR during the forecast period due to its cost-effectiveness, scalability, and ease of deployment. In 2023, the Advanced Care Planning Solution Market revenue for the cloud-based segment is projected to reach $6.2 billion, growing at a CAGR of 12.5% from 2024 to 2032.The on-premises segment is expected to reach $11.4 billion by 2032, growing at a CAGR of 9.8% during the same period. Key factors driving the growth of the cloud-based segment include the increasing adoption of cloud computing in healthcare, the need for remote access to patient data, and the growing popularity of Software-as-a-Service (SaaS) models. Additionally, cloud-based solutions offer lower upfront costs and require less IT infrastructure, making them more attractive to smaller healthcare organizations and clinics.

Advanced Care Planning Solution Market End-User Insights  

The Advanced Care Planning Solution Market is segmented by end-users into hospitals and clinics, hospice and palliative care centers, long-term care facilities, and home health agencies. Hospitals and clinics are expected to dominate the market over the forecast period due to the increasing number of patients with chronic diseases and the rising demand for advanced care planning services. The growing geriatric population and increasing awareness about advanced care planning are driving the growth of the Advance Care Planning Solution Market.

Advanced Care Planning Solution Market Functionality Insights  

The Functionality segment of the Advanced Care Planning Solution Market is anticipated to witness significant growth in the coming years, driven by the increasing adoption of digital health solutions and the growing need for efficient and effective advanced care planning. Document Creation and Management: This functionality allows healthcare providers and patients to create, store, and manage advanced care plans. It streamlines the process of capturing patient preferences, ensuring that they are documented and easily accessible when needed. Communication and Collaboration: Advance care planning solutions facilitate secure communication and collaboration among healthcare providers, patients, and families.This functionality enables the sharing of information, preferences, and updates, promoting informed decision-making and ensuring that patient wishes are respected. Decision Support: Advanced functionality provides clinical decision support tools that assist healthcare providers in making informed decisions about patient care. These tools leverage data and algorithms to identify potential risks, suggest appropriate interventions, and provide guidance based on best practices. Data Analysis and Reporting: Advance care planning solutions offer robust data analysis and reporting capabilities.They allow healthcare organizations to track key metrics, such as the number of advance care plans created, the frequency of plan updates, and the utilization of decision support tools. This data can be used to improve the quality of care, identify areas for improvement, and demonstrate compliance with regulatory requirements.

Advanced Care Planning Solution Market Regional Insights  

The Advanced Care Planning Solution Market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America is the largest regional segment, accounting for approximately 38% of the market in 2023. The region is expected to continue to dominate the market throughout the forecast period, driven by the increasing prevalence of chronic diseases, the aging population, and growing awareness of advanced care planning. Europe is the second-largest regional segment, accounting for approximately 30% of the market in 2023.The region is expected to witness steady growth over the forecast period, driven by factors such as government initiatives, increasing healthcare expenditure, and rising demand for personalized healthcare. The Asia-Pacific region is expected to be the fastest-growing regional segment, with a CAGR of 12.5% over the forecast period. The region is witnessing increasing healthcare expenditure, growing awareness of advanced care planning, and a rising geriatric population. South America, the Middle East, and Africa are expected to witness moderate growth over the forecast period, driven by factors such as increasing healthcare expenditure, government initiatives, and growing awareness of advanced care planning.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Advanced Care Planning Solution Market Key Players And Competitive Insights

Major players in the Advanced Care Planning Solution Market industry are continuously developing and launching new products to cater to the growing demand for advanced care planning solutions. Some of the leading Advanced Care Planning Solution Market players are investing heavily in research and development to bring innovative solutions to the market. Advanced Care Planning Solution Market development is driven by the increasing need for personalized and patient-centered care, as well as the growing awareness of the importance of advanced care planning. The Advanced Care Planning Solution Market Competitive Landscape is highly competitive, with several key players vying for market share.A leading player in the Advanced Care Planning Solution Market is the company name. The company offers a comprehensive suite of advanced care planning solutions that help individuals document their end-of-life wishes and preferences. Its solutions are designed to be user-friendly and accessible, making it easy for individuals to create and share their advanced care plans. The company has a strong presence in North America and Europe and is expanding its reach into new markets.A competitor company in the Advanced Care Planning Solution Market is the company name. The company provides a cloud-based advance care planning platform that enables individuals to create, share, and manage their end-of-life wishes and preferences. Its platform is designed to be flexible and scalable, allowing it to meet the needs of a variety of users. The company has a growing customer base in the United States and is expanding its reach into international markets.

Key Companies in the Advanced Care Planning Solution Market Include

• Manage My Health


• Omnicare


• Primacare


• Hospice Compass


• Allscripts


• Alignmed


• 2bPrecise


• SymCare


• Hallmar


• Brightree


• Luma Health


• Healthwise


• SoftWriters


• Epic Systems


• PointClickCare


• Cerner


• prognosis


• Athene

Advanced Care Planning Solution Market Industry Developments

The Advanced Care Planning Solution Market is projected to reach a valuation of USD 45.8 billion by 2032, exhibiting a CAGR of 11.22% during the forecast period 2024-2032. This growth is attributed to the increasing prevalence of chronic diseases, rising awareness about advanced care planning, and government initiatives to promote end-of-life care. Key market players are focusing on strategic partnerships and collaborations to expand their product offerings and strengthen their market position. Recent advancements in technology, such as the integration of AI and telehealth, are also driving market growth by enabling remote patient monitoring and personalized care plans.

Advanced Care Planning Solution Market Segmentation Insights

Advanced Care Planning Solution Market Type Outlook

• Software


• Services

Advanced Care Planning Solution Market Deployment Model Outlook

• On-premise


• Cloud-based

Advanced Care Planning Solution Market End-User Outlook

• Hospitals and Clinics


• Hospice and Palliative Care Centers


• Long-Term Care Facilities


• Home Health Agencies

Advanced Care Planning Solution Market Functionality Outlook

• Document Creation and Management


• Communication and Collaboration


• Decision Support


• Data Analysis and Reporting

Advanced Care Planning Solution Market Regional Outlook

• North America


• Europe


• South America


• Asia-Pacific


• Middle East and Africa