What is the Historical Analysis of the Transitional Care Management Services Market Size?
The transitional care management services market has seen considerable growth due to a variety of factors.
• The market size of transitional care management services has seen a significant surge recently. It's predicted to rise from $288.13 billion in 2024 to $336.76 billion in 2025, with a compound annual growth rate (CAGR) of 16.9%. The expansion during this historic phase has been due to alterations in healthcare policies, a push towards value-based care, initiatives to reduce hospital readmissions, collaborative efforts among healthcare providers, and an increased attention on patient-centered care.
What Is The Projected Growth Of The Transitional Care Management Services Market By 2029?
The Transitional Care Management Services market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of transitional care management services is predicted to experience quick expansion in the forthcoming years, escalating to $659.35 billion in 2029 with a compound annual growth rate (CAGR) of 18.3%.
This growth over the projected period can be attributed to factors such as solutions for patient engagement, policy endorsement for care coordination, broadened healthcare access, data analytics, and predictive modeling, along with patient-centric medical home models. Key trends within the projected period encompass the integration of telehealth, a focus on patient-oriented care, strengthened collaboration and care coordination, technologies for remote patient monitoring, and an emphasis on managing chronic diseases.
What Are The Key Drivers Fueling Growth In The Transitional Care Management Services Market?
The increase in patients suffering from chronic diseases is projected to stimulate the expansion of the transitional care management services market. Chronic ailments, which last for at least a year requiring ongoing medical treatment and/or disrupt daily routines, encompass non-infectious diseases like cardiovascular disease, cancer, chronic respiratory disease, and diabetes. Transitional care management (TCM) services play a pivotal role in chronic disease prevention by ensuring continuity of patient care during transitions between different care settings. Components of TCM services such as patient education for self-management, discharge planning, and systematic follow-ups can help patients control their chronic illnesses and prevent complications. For example, the National Institutes of Health (NIH), a biomedical research agency based in the U.S., projected in their 2023 report that the population of those aged 50 and over with at least one chronic illness in the U.S. would increase by 99.5% from 71.522 million in 2020 to 142.66 million in 2050. Concurrently, the figure for those with multiple chronic conditions would grow by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Hence, the escalating number of chronic disease patients is accelerating the growth of the transitional care management services market.
What Are The Principal Market Segments In The Global Transitional Care Management Services Industry?
The transitional care management services market covered in this report is segmented –
1) By Service: Patient TCM Services, Healthcare TCM Services, Billing TCM Services, Documenting TCM Services, Other Services
2) By Disease Type: Cardiovascular Diseases, Diabetes, Cancer, Asthma, Chronic Obstructive Pulmonary Disorders, Other Diseases
3) By Application: Inpatient Settings, Community Settings
Subsegments:
1) By Patient TCM Services: Care Coordination, Medication Management
2) By Healthcare TCM Services: Follow-Up Visits, Health Monitoring
3) By Billing TCM Services: Claims Processing, Insurance Verification
4) By Documenting TCM Services: Care Plans, Progress Notes
5) By Other Services: Training And Education, Telehealth Support
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Which Emerging Market Trends Are Altering The Transitional Care Management Services Industry?
The emergence of product innovations is an increasingly popular trend in the transitional care management services market. In order to maintain their market position, major firms in the industry are concentrating on the development of innovative solutions. As an illustrative example, PharMerica Inc, a healthcare company based in the US, introduced the Continuing Care Transitional Care Management Program in May 2022. This program, aimed at bridging the care gap when residents transition from skilled nursing facilities back to their homes, includes home-based primary care and nurse hub outreach services offered by BrightSpring Health Services. These services ensure a safe home transition for medically complex clients, particularly those on 8 to 12 medications or those experiencing multiple chronic illnesses or comorbidities. This groundbreaking program is the first of its kind to elevate transitional care management, providing returning residents from a skilled nursing facility access to comprehensive, person-centered, hands-on treatments necessary to maintain their health at home.
Who Are the Key Players In The Transitional Care Management Services Market?
Major companies operating in the transitional care management services market include:
• Rijuven Corp.
• PharMerica Corporation
• CareVitality
• ACT Health Solutions LLC
• Wellsky Corporation
• Care UK Limited
• Genesis Healthcare Corp.
• US Acute Care Solutions
• Charter Health Care Group
• Amedisys Inc.
• National HealthCare Corporation
• LHC Group Inc.
• Brookdale Senior Living Inc.
• Encompass Health Corporation
• PruittHealth
• Consulate Health Care
• Signature Healthcare LLC
• Life Care Services LLC
• Sunrise Senior Living LLC
• Five Star Senior Living Inc.
• Senior Lifestyle Corporation
• Holiday Retirement
• Erickson Living Management LLC
• The Ensign Group Inc.
• Diversicare Healthcare Services Inc.
• Saber Healthcare Group LLC
• SavaSeniorCare LLC
What Are The Regional Insights Into The Transitional Care Management Services Market?
North America was the largest region in the transitional care management services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the transitional care management services market report during the forecast period. The regions covered in the transitional care management services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
