U.S. Advance Care Planning Solutions Market Size

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.