Key Highlights of the Transitional Care Management Services Market 2025-2034: Growth Dynamics, Trends, and Opportunities
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Forecasted Expansion Rate of the Transitional Care Management Services Market Over the 2025–2034 Period?
The market size for transitional care management services has seen fast-paced growth in recent years. Projected growth sees it rising from $288.13 billion in 2024 to a hefty $336.76 billion in 2025, showcasing a compound annual growth rate (CAGR) of 16.9%. Factors contributing to this growth during the historic period include changes in healthcare policy, a focus on value-based care, initiatives aimed at reducing hospital readmission rates, and a coordinated approach amongst healthcare providers emphasized on patient-centered care.
The market for transitional care management services is anticipated to experience swift expansion in the coming years, with projections suggesting it will reach a value of $659.35 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 18.3%. This prospective growth over the forecast period is linked to various factors such as patient engagement solutions, policy support for care coordination, enhanced healthcare access, data analytics and predictive modeling, along with patient-centric medical home models. The forecast period is also expected to see significant trends including the integration of telehealth, an emphasis on patient-centered care, intensified collaboration and care coordination, advancements in remote patient monitoring technologies, and a concentrated focus on managing chronic diseases.
What Strategic Factors Are Influencing the Accelerated Growth of the transitional care management services Market?
The growth of the transitional care management services market is likely to be fueled by the increasing instances of chronic diseases. Chronic diseases, typically enduring for a year or longer, requiring ongoing medical therapy, inhibiting regular activities, or both, are generally categorised. These include non-transmissible diseases such as cardiovascular, cancer, chronic respiratory disease, and diabetes. Transitional care management (TCM) services help avert chronic ailments by ensuring seamless care provision while a patient is shifted from one care setup to another. These services offer self-management education, systematic follow-ups, and discharge planning, all aimed at helping patients cope with chronic disease and prevent any complications. A study from the National Institutes of Health (NIH), a US-based biomedical research institution, predicts in 2023 that the number of individuals aged 50 and over with at least one chronic condition in the US will scale up by 99.5% from 71.522 million in 2020 to 142.66 million in 2050. Moreover, people suffering from multiple diseases are also anticipated to boost by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Hence, the escalating number of chronic disease patients is propelling the growth of the transitional care management services market.
Request Your Free Transitional Care Management Services Market Report Sample Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9911&type=smp
Who Are the Leading Organizations Fueling the Expansion of the Transitional Care Management Services Market?
Major companies operating in the transitional care management services market include:
• Rijuven Corp._x000D_
• PharMerica Corporation_x000D_
• CareVitality_x000D_
• ACT Health Solutions LLC_x000D_
• Wellsky Corporation_x000D_
Which Cutting-Edge Trends Are Expected to Drive the Transitional Care Management Services Market’s Growth?
The development of innovative products is a prominent trend rising to popularity within the transitional care management services market. To secure their market position, major businesses in this industry are focusing on creating innovative solutions. For example, PharMerica Inc, an American healthcare firm, initiated the Continuing Care Transitional Care Management Program in May 2022. This program was designed to bridge the care gaps experienced when residents shifted from skilled nursing facilities to their own homes. The program incorporates home-based primary care services and nurse hub outreach initiatives provided by BrightSpring Health Services. Their objective is to ensure a safe transition home for medically complicated clients, mainly those on 8 to 12 medications or those managing multiple chronic diseases or comorbidities. It is the first program of its kind aiming to elevate the standards of transitional care management, ensuring patients returning home from skilled nursing facilities can access all the personal, proactive treatments necessary to maintain their health at home.
Pre-order Your Report for Quick and Easy Delivery!
What Are the Main Segments of the Transitional Care Management Services Market, and How Are They Evolving?
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
Which Regions Are Most Influential in Expanding the Transitional Care Management Services Market?
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
How Is the Transitional Care Management Services Market Categorized and Defined in the Industry?
Transitional care management TCM refers to a collection of services that assists patients in transitioning from one healthcare environment to another, such as from a hospital to a primary care physician. It is used to guarantee continuity of treatment, minimize avoidable bad outcomes, and limit possibly avoidable readmissions and medical mistakes in the 30 days following discharge from the acute care environment.
Browse Through More Similar Reports By The Business Research Company:
Healthcare RFID Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/healthcare-rfid-global-market-report
Healthcare Personal Protective Equipment Global Market Report 2024
Healthcare Interoperability Solutions Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
