Global Transitional Care Management Services Market Size, Drivers, Trends, Opportunities And Strategies – Includes Transitional Care Management Services Market Analysis
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The rising number of chronic disease patients is likely to stimulate innovation in the production of transitional care management services, propelling the market during the forecast period.
The global transitional care management services market is expected to grow from $207.73 billion in 2022 to $244.04 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. The global transitional care management services market size is expected to reach $459.89 billion in 2027 at a CAGR of 17.2%.
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Global Transitional Care Management Services Market Segments Include:
- By Service: Patient TCM Services, Healthcare TCM Services, Billing TCM Services, Documenting TCM Services, Other Services
- By Disease Type: Cardiovascular diseases, Diabetes, Cancer, Asthma, Chronic obstructive pulmonary disorders, Other Diseases
- By Application: Inpatient Settings, Community Settings
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global transitional care management services market in 2021.
Major Market Players in the transitional care management services market include Humworld Inc., Rijuven Corp., PharMerica Corporation, CareVitality, ACT Health Solutions LLC, Medsien Inc., Wellsky Corporation, Prohealth Select, Well Living Initiative (WLI).
Product innovations are a prominent trend that is gaining traction in the market for transitional care management services. To maintain their market position, major firms in the transitional care management services industry are focusing on creating innovative solutions. PharMerica Inc., a US-based healthcare organisation, for example, established the Continuing Care Transitional Care Management Programme in May 2022 to address care gaps when residents transferred from skilled nursing facilities to their homes. BrightSpring Health Services provides home-based primary care and nurse hub outreach services to medically complicated clients, particularly those on 8 to 12 medications or with several chronic conditions or comorbidities.
The Transitional Care Management Services Global Market Report 2023 provides a transitional care management services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The transitional care management services market forecast analyzes transitional care management services market size, transitional care management services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Transitional care administration TCM is a set of services that help people move from one healthcare setting to another, such as from a hospital to a primary care provider. It is used to ensure treatment continuity, minimise unnecessary negative outcomes, and decrease potentially avoidable readmissions and medical errors in the 30 days following discharge from the acute care environment.
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