Surge In Chronic Diseases Drives Growth Of Transitional Care Management Services Market: Key Factor Driving The Growth In The Transitional Care Management Services Market

The Transitional Care Management Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Transitional Care Management Services Market Size and Its Estimated Growth Rate?
The market size for transitional care management services has witnessed a swift expansion lately. It is projected to elevate from $288.13 billion in 2024 to $336.76 billion in 2025, with a compound annual growth rate (CAGR) of 16.9%. This development throughout the historic period can be credited to elements such as alterations in healthcare policies, a shift towards value-based care, efforts to diminish hospital readmissions, partnership amongst healthcare providers, and an emphasis on patient-centered care.

The market size of transitional care management services is projected to witness a substantial increase in the upcoming years, reaching a value of $659.35 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 18.3%. This surge can be ascribed to elements such as patient participation solutions, policy encouragement for care coordination, broader access to healthcare, data analysis and anticipatory modeling, patient-focused medical home models. Noteworthy trends in the prediction period consist of the integration of telehealth, enhanced focus on patient-oriented care, heightened collaboration and care coordination, advancements in remote patient supervising technologies, and a concentrated attention on chronic disease management.

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What Are the High-Growth Segments in the Transitional Care Management Services Market?
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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What Key Drivers Are Expected to Influence Future Transitional Care Management Services Market Growth?
The increase in chronic disease patients is anticipated to accelerate the expansion of the transitional care management services market. Chronic diseases, typically defined as conditions that last a year or more requiring ongoing medical intervention and likely disrupt daily activities, encompass non-communicable diseases like cardiovascular disease, cancer, chronic respiratory disease, and diabetes. Transitional care management (TCM) services are utilized to prevent chronic illnesses by ensuring no disruption in patient care during transitions between different care settings. TCM therapies involve self-management education, discharge planning, and methodical follow-up to help patients manage chronic diseases and evade complications. For example, the National Institutes of Health (NIH), a biomedical research institution based in the US, has projected that the number of people aged 50 and above suffering from at least one chronic disease will essentially double - a 99.5% increase from 71.522 million in 2020 to 142.66 million in 2050. Also, the population with multimorbidity is projected to rise by 91.16%, from 7.8304 million in 2020 to 14.968 million in 2050. Consequently, the increasing number of chronic disease patients is fueling the growth of the transitional care management services market.

Which Companies Hold the Largest Share Across Different Transitional Care Management Services Market Segments?
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 Trends Are Driving Growth in The Transitional Care Management Services Market?
Product advancements are becoming a significant trend in the transitional care management services market. Major corporations in the industry are concentrating on developing innovative solutions to maintain their dominance. For example, in May 2022, PharMerica Inc, an American health care company, initiated the Continuing Care Transitional Care Management Program to bridge care gaps for residents transitioning from skilled nursing facilities to their abodes. This involves home-based care, and nurse hub outreach services offered by BrightSpring Health Services to ensure a secure home-transition for medically complex clients, specifically those on 8 to 12 medications or those with multiple chronic illnesses or comorbidities. This is the first scheme of its kind to elevate transitional care management, ensuring residents returning home from a skilled nursing facility have all the necessary person-centric, hands-on treatments to stay healthy at home.

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What Are the Emerging Geographies for The Transitional Care Management Services Market Growth?
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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Transitional Care Management Services Market?
2. What is the CAGR expected in the Transitional Care Management Services Market?
3. What Are the Key Innovations Transforming the Transitional Care Management Services Industry?
4. Which Region Is Leading the Transitional Care Management Services Market?

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