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North America has dominated the transitional care management services market for several years owing to high healthcare expenditure and early adoption of advanced healthcare systems in countries like the U.S. The North America is anticipated to hold 43.9% of the market share in 2024. Well-established players, large patient pool requiring post-hospitalization care, and favorable regulatory scenario has ensured North America's leadership position.
The Asia Pacific region is forecasted to emerge as the fastest growing market in coming years. Countries like China, India and Japan are witnessing tremendous growth opportunities on the back of expanding medical tourism industry, rising geriatric population, growing incidences of chronic diseases and improving access to quality healthcare facilities. Rising incomes have made healthcare more affordable for common masses in the region. Furthermore, governments are focusing on development of modern healthcare infrastructure to meet the demands of their burgeoning patient population. It offers lowest treatment costs as compared to other major destinations and has seen massive investments by medical service providers in past decade. Select cities have emerged as medical hubs rivalling destinations in South-East Asia. The country with a young demographic and universal healthcare goal is well positioned to capture higher outsourcing from developed markets and become a key exporter of transitional care services.
Transitional Care Management Services Market Report Snapshots
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