Global Transitional Care Management Services Market

Report ID : 1500 | Published : 2022-12-14 | Pages: | Format: PDF/EXCEL

The market size of the Global Transitional Care Management Services Market in the year 2021 is valued at 177.10 billion and is predicted to reach 675.34 billion by the year 2030 at an 16.26% CAGR during the forecast period.

Transitional Care Management (TCM) services target transitioning from an inpatient to a supportive environment. The patient may be dealing with a health emergency, a new diagnosis, or a change in pharmaceutical management following hospitalisation or other inpatient facility stay (e.g., in a skilled nursing home).  Family doctors frequently manage transitional care. Growing government healthcare spending, increased demand for high-quality care, growing use of care management, and an aging population are all driving factors in the transitional care management services market. As individuals become more conscious of the need for better healthcare, the transitional care management services market will continue to rise. However, there are major problems restricting the growth of the global market for transitional care management services, such as a lack of highly skilled workers and excessive costs. Many people could not access transitional care management (transitional care management) services early in the COVID-19 outbreak due to lockdowns and safety concerns. Additionally, transitional care management therapies were delivered through telehealth, which increased the need for telemedicine. Following COVID-19, there has been an increase in demand for transitional care services, notably from the senior population. The adoption of transitional care management services results from the growth in market participants and the increased consumer demand for better patient care. The aging population, an increase in illnesses, accidents, surgeries, and the demand for post-discharge facilities are all projected to contribute to the market's healthy expansion.

Market Segmentation:

The transitional care management services market is segmented on the service and end-use. Based on service, the market is segmented into patient transitional care management services, interactive contact (direct contact, telephone, electronic), a face-to-face visits, non-face-to-face (telehealth), healthcare transitional care management services, CM services, documenting transitional care management services and others. Based on end-use, the transitional care management services market is segmented into inpatient and community settings.

Based on service, the billing transitional care management services segment is a major contributor to the transitional care management services market.

The market's leading segment is billing transitional care management services. Healthcare transitional care management service providers account for a significant portion of the billing for transitional care management services. These transitional care management services review the patient's discharge process and payment information, which may include the need for tests, treatment, and any necessary follow-up care.

The community centers segment witnessed growth at a rapid rate.

Community settings grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. Half of the post-discharge care interventions take place in community settings. These facilities present an opportunity to enhance patient care and quality of life while lowering overall hospital costs and decreasing the likelihood of readmission. Community centers are viewed as a convenient option for patient recovery from life-threatening traumas, particularly in the case of geriatric patients as they lower the risk of hospital readmission, reduce the complications related to the transfer of care, and improve overall patient satisfaction, drive the segment.

The North American transitional care management services market holds a significant regional revenue share.

The North American transitional care management services market is expected to register the highest market share in revenue soon because of the development of IT solutions and the desire for scalable, inexpensive solutions to reduce healthcare expenses. As a result of technological development, rising cloud-based solution acceptability, and rising patient care management awareness, the regional market is expanding. In addition, Asia Pacific is projected to grow rapidly in the global transitional care management services market. The prevalence of chronic diseases among the elderly is fueling the expansion of the transitional care management solutions market due to the escalating demand for high-quality care for the older population.

Competitive Landscape

Some major key players in the transitional care management services market are Humworld Inc.; Rijuven Corp.; PharMerica Corporation; CareVitality; ACT Health Solutions; Medsien; Wellsky; Nextgen Healthcare; Prohealth Select; Well Living Initiative (WLI).

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Transitional Care Management Services Market Snapshot

Chapter 4. Global Transitional Care Management Services Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product Type:

5.2.1. Patient TCM Services

5.2.1.1. Interactive Contact (Direct Contact, Telephone, Electronic)

5.2.1.2. Face-to-face Visit

5.2.1.3. Non-face-to-face (Telehealth)

5.2.2. Healthcare TCM Services

5.2.2.1. Physicians

5.2.2.2. Non-Physician Practitioners

5.2.3. Billing TCM Services

5.2.4. Documenting TCM Services

5.2.5. Others

Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis

6.1. by End-users & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-users:

6.2.1. Inpatient Settings

6.2.2. Community Settings

Chapter 7. Transitional Care Management Services Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.1.2. North America Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2030

7.1.3. North America Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.2. Europe

7.2.1. Europe Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.2.2. Europe Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2030

7.2.3. Europe Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.3. Asia Pacific

7.3.1. Asia Pacific Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.3.2. Asia Pacific Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2030

7.3.3. Asia Pacific Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.4. Latin America

7.4.1. Latin America Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.4.2. Latin America Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2030

7.4.3. Latin America Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

7.5. Middle East & Africa

7.5.1. Middle East & Africa Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2019-2030

7.5.2. Middle East & Africa Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2019-2030

7.5.3. Middle East & Africa Transitional Care Management Services Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2030

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Humworld Inc

8.2.2. Rijuven Corp

8.2.3. PharMerica Corporation

8.2.4. CareVitality

8.2.5. ACT Health Solutions

8.2.6. Medsien

8.2.7. Wellsky

8.2.8. Nextgen Healthcare

8.2.9. Prohealth Select

8.2.10. Well Living Initiative (WLI)

8.2.11. Other Prominent Players

By Service

  • Patient Transitional Care Management Services
    • Interactive Contact (Direct Contact, Telephone, Electronic)
    • Face-to-face Visit
    • Non-face-to-face (Telehealth)
  • Healthcare Transitional Care Management Services
    • Physicians
    • Non-Physician Practitioners
  • Billing Transitional Care Management Services
  • Documenting Transitional Care Management Services
  • Others

By End-use

  • Inpatient Settings
  • Community Settings

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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