MEDICAL CASE MANAGEMENT SERVICES MARKET ANALYSIS

Market Challenges And Opportunities

Global Medical Case Management Services Market: Drivers

Increasing geriatric population is expected to boost growth of the global medical case management services market over the forecast period. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

Increasing healthcare expenditure is also expected to propel growth of the market. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.

Global Medical Case Management Services Market: Restraints

Lack of awareness about medical case management services is a major factor hampering growth of the global medical case management services market. Most people do not know about these services. People in developing countries lack awareness regarding medical case management services, as companies offering such services are mainly focused on developed regions.

Moreover, lack of professional medical care managers is also expected to hinder growth of the market.

Global Medical Case Management Services Market: Opportunities

Increasing medical tourism in developing economies is expected to offer lucrative growth opportunities for players in the global medical case management services market. For instance, according to India Brand Equity Foundation’s January 2019 release, the estimated Foreign Tourist Arrivals (FTAs) in India on medical purpose during the years 2015, 2016, and 2017 were 2,33,918, 4,27,014, and 4,95,056 respectively.