TRANSITIONAL CARE MANAGEMENT SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global transitional care management services market is estimated to be valued at USD 230.26 BN in 2024, and is expected to exhibit a CAGR of 15.2% during the forecast period (2024-2031). Transitional care management (TCM) services refer to the care and coordination provided to patients transitioning between different healthcare settings, such as from inpatient hospital stays to home or to other care facilities. These services aim to prevent medical errors, readmissions, and adverse drug events by ensuring continuity of care during transitions. A key part of TCM involves assessing patient needs, developing care plans, communicating with other healthcare providers, educating patients and caregivers, and arranging follow-up healthcare and community services. With  rise in chronic diseases and complex needs of patients, there has been growing demand for structured transitional care programs to improve outcomes and reduce healthcare costs.

Market Dynamics:

Global transitional care management services market growth is driven by increasing prevalence of chronic diseases such as diabetes, cancer, and heart disease. Transitional care programs help address the complex needs of patients with multiple co-morbidities transitioning between various levels of care. Higher readmission rates and medical errors during care transitions also present risks that transitional care aims to reduce thus, driving the market development over the forecasted period. However, lack of reimbursement policies for transitional services in some countries can hamper the market growth. Development of partnerships between hospitals, long-term care facilities, physicians, and community service providers present an opportunity for expanding coordinated transitional care networks. Incentivizing performance-based reimbursement models can further drive themarket growth.

Key Features of the Study:

• This report provides in-depth analysis of the global transitional care management services market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global transitional care management services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study includes PharMerica Corporation, Reliq Health Technologies, Inc., WellSky, Humworld Inc., Rijuven Corp., CareVitality, ACT Health Solutions, Medsie, Nextgen Healthcare, Prohealth Select, Well Living Initiative (WLI), BrightStar Care, VNA Health Group, Premier Home Health Care Services, CareCentrix, Aveanna Healthcare, and Optum
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global transitional care management services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global transitional care management services market

Detailed Segmentation-

• By Service Type:
• • Healthcare TCM Services
  • Patient TCM Services
  • Billing TCM Services
  • Others
• By Disease Type:
• • Diabetes
  • Cardiovascular Diseases
  • Asthma
  • Arthritis
  • Neurological Diseases
  • Others
• By End User:
• • Community Settings
  • Inpatient Settings
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • PharMerica Corporation
  • Reliq Health Technologies, Inc.
  • WellSky
  • Humworld Inc.
  • Rijuven Corp.
  • CareVitality
  • ACT Health Solutions
  • Medsie
  • Nextgen Healthcare
  • Prohealth Select
  • Well Living Initiative (WLI)
  • BrightStar Care
  • VNA Health Group
  • Premier Home Health Care Services
  • CareCentrix
  • Aveanna Healthcare
  • Optum