US Advance Care Planning Solutions Market

U.S. Advance Care Planning Solutions Market Size

U.S. Advance Care Planning Solutions Market size was valued at USD 101.4 billion in 2023 and is anticipated to witness growth at a CAGR of 12.4% from 2024 to 2032. The market is experiencing growth driven by supportive government policies coupled with growing awareness of advance care planning.

Government regulations and incentives encourage healthcare providers to engage in advance care discussions with patients, particularly for those with chronic or life-threatening conditions. Additionally, the inclusion of advance care planning in Medicare and Medicaid reimbursement frameworks has made it financially viable for healthcare providers to offer these services. These supportive policies increase the adoption of advance care planning solutions and enhance the overall quality of care by ensuring that patient's wishes are respected and followed. As a result, the market for advance care planning solutions continues to expand, driven by the favorable regulatory environment.

Advance care planning (ACP) solutions refer to a set of tools, technologies, and services designed to facilitate the process by which individuals communicate and document their preferences for future healthcare if they cannot make decisions themselves.

U.S. Advance Care Planning Solutions Market Trends

Patient-centered care emphasizes the individual needs, preferences, and values of patients in the decision-making process regarding their healthcare. This approach has led to an increased demand for ACP solutions that facilitate meaningful conversations between patients, their families, and healthcare providers.

• As the healthcare industry increasingly prioritizes patient-centered care, there is a growing focus on empowering patients to make informed decisions about their future medical treatments. Advance care planning solutions play a crucial role in this empowerment by providing patients with the tools and resources needed to articulate their preferences for end-of-life care. This empowerment drives the adoption of ACP solutions across the U.S.
  
• Additionally, patient-centered care involves creating customized care plans that align with the specific desires and goals of each patient. ACP solutions enable healthcare providers to develop personalized care plans by capturing patients' wishes regarding their healthcare, particularly in critical and end-of-life scenarios. The ability to tailor care to individual preferences boosts the demand for ACP solutions, contributing to their market growth.
  

U.S. Advance Care Planning Solutions Market Analysis

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Based on component, the market is segmented into software and services. The software segment held a dominant market share of 69.4% in 2023.

• ACP software solutions offer a range of features that facilitate detailed documentation, secure communication, and easy access to advance directives. These platforms enable users to create, store, and share their care preferences with relevant stakeholders, ensuring that their wishes are respected in future healthcare decisions. The comprehensive nature of these software solutions makes them a preferred choice among healthcare providers and patients alike.
  
• Additionally, a key advantage of ACP software is its ability to integrate seamlessly with existing electronic health record (EHR) systems. This integration allows for the automatic inclusion of advance care plans in a patient's medical records, ensuring that healthcare providers have immediate access to these critical documents when needed. The ease of integration with EHR systems enhances the usability and appeal of ACP software, contributing to its dominant market share.
  

Based on application, the U.S. advance care planning solutions market is classified into living will, medical power of attorney, POLST, DNR orders, and five wishes. The living will segment accounted for the highest market share and was valued at USD 30.4 billion in 2023.  

• The living will is often the first document people think of when considering advance care planning. It provides clear instructions regarding the types of medical treatment a person wishes to receive or avoid if they become incapacitated. This document's significance in the decision-making process drives its dominance in the ACP market.
  
• Additionally, in the U.S., there is a growing awareness of the importance of having a living will. Many healthcare providers and advocacy groups actively encourage individuals to prepare this document as part of their overall healthcare planning. The widespread promotion and education surrounding living will contribute to their prevalent use and the segment's leading market share.
  

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Based on end-use, the U.S. advance care planning solutions market is categorized into hospitals, long-term care facilities, ambulatory surgical centers, and other end-users. The hospitals segment is projected to reach USD 126.2 billion by 2032.

• Hospitals are often the primary setting where patients receive medical care, particularly during critical or terminal illnesses. As such, they are a key venue for advance care planning discussions. Hospitals provide the infrastructure and resources necessary to engage patients and their families in conversations about their future healthcare preferences, making them a central hub for ACP activities.
  
• Additionally, hospitals are equipped with multidisciplinary teams that include physicians, nurses, social workers, and palliative care specialists. These teams work collaboratively to guide patients through the advance care planning process. The presence of such teams within hospitals ensures that ACP is approached holistically, addressing not only medical needs but also emotional, ethical, and legal considerations.
  

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The South Atlantic advance care planning solutions market accounted for USD 20.8 billion market revenue in 2023 and is anticipated to grow at a CAGR of 12% between 2024 – 2032 period.

• The South Atlantic zone, comprising states like Florida, Georgia, and the Carolinas, is a significant contributor to the ACP market. This region has a substantial elderly population, particularly in Florida, where there is a high demand for advance care planning services.
  
• Additionally, the growing awareness of the importance of ACP among both patients and healthcare providers in this region has led to widespread adoption of ACP solutions, reinforcing its significant market share.
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Pacific Central advance care planning solutions market is projected to grow remarkably in the coming years.

• The Pacific Central zone, including California, Oregon, and Washington, is another key player in the ACP market. This region is known for its progressive healthcare policies and a strong emphasis on patient-centered care.
  
• The high level of technological integration in healthcare systems and the widespread use of electronic health records (EHRs) in this zone facilitate the implementation of ACP solutions. The Pacific Central zone's focus on personalized healthcare and advanced care planning has driven its substantial market share in this sector.
  

North East holds a notable position in the U.S. advance care planning solutions market.

• This region is home to some of the nation’s leading healthcare institutions and has a well-established healthcare infrastructure. The high concentration of hospitals, healthcare providers, and a large aging population in the North East zone contributes to the robust demand for ACP solutions.
  
• Additionally, the strong focus on legal and ethical considerations in healthcare practices in this region supports the widespread adoption of advance care planning, solidifying its market position.
  

U.S. Advance Care Planning Solutions Market Share

The U.S. advance care planning solutions industry is characterized by the presence of several established and emerging players that offer a variety of products. The market players compete based on factors such as product quality, innovation, regulatory compliance, customer service, and pricing strategies.

U.S. Advance Care Planning Solutions Market Companies

Prominent players operating in the U.S. advance care planning solutions industry include:

• Aledade
• Ariadne Labs 
• MyDirectives, Inc.
• Respecting Choices
• Sharp HealthCare
• VyncaCare
• WiserCare
  

U.S. Advance Care Planning Solutions Industry News:

• In May 2024, Aledade acquired Michigan-based Medical Advantage a wholly owned subsidiary of The Doctors Company. This has expanded Aledade’s physician partnership footprint in Michigan from 35 to approximately 700. This acquisition may help the company to generate increased revenue and gain a competitive edge over its peers.
  

The U.S. advance care planning solutions market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:

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Market, By Component

• Software
• Services

Market, By Application

• Living will
• Medical power of attorney
• POLST
• DNR orders
• Five wishes

Market, By End-use

• Hospitals
• Long-term care facilities
• Ambulatory surgical centers
• Other end-users

The above information is provided for the following zones and countries:

• East North Central
• West South Central
• South Atlantic
• North East
• East South Central
• West North Central
• Pacific Central
• Mountain States