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:
Detailed Segmentation-
Table of Contents
*Browse 32 market data tables and 44 figures on "Global Transitional Care Management Services Market” – Global forecast to 2031
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