How the Medical-Social Working Services Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Primary Drivers Are Supporting the Continued Market Growth of theMedical-Social Working Services Market?
The increasing volume of patients is expected to propel the growth of the medical-social working services market. This growth is attributed to the aging population, rising chronic disease rates, and advancements in medical technology, which lead to greater healthcare access. Medical-social working services support patient well-being by integrating medical care with social services and resources. The Australian Institute of Health and Welfare reported in August 2023 that the number of hospitalizations increased by 4.6% from 2021 to 2022, reflecting the rising demand for medical-social services.
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#How Does the ProjectedMedical-Social Working Services Market Growth Compare Over the Forecast Period?
The medical-social working services market size will grow from $7.56 billion in 2024 to $8.2 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased recognition of mental health issues, growing adoption of integrated care models, development of the person in the environment (PIE) assessment system, increasing demand for medical-social care, and growing cases of autism.
The medical-social working services market is expected to grow to $11.29 billion in 2029 at a CAGR of 8.3%. Growth factors include healthcare policy, mental health awareness, telehealth rise, health insurance coverage expansion, and preventive care focus. Trends include mobile health apps, digital therapeutics, blockchain technology, and environmental and social determinants integration.
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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theMedical-Social Working Services Market?
Companies in the medical-social working services market are expanding by launching home healthcare initiatives to integrate medical and social services for comprehensive care management. In July 2024, Star Health and Allied Insurance, an India-based company, introduced a Home Healthcare Initiative offering medical services directly to patients’ homes across 50 cities. This initiative covers a wide range of conditions and includes services such as nursing care and physiotherapy.
Who Are the Key Market Players Influencing the Growth of the Corn and Medical-Social Working Services Industry?
Major companies operating in the medical-social working services market are UnitedHealth Group Incorporated, Cigna Corporation, Kaiser Foundation Health Plan Inc., Providence Health & Services Inc., Trinity Health Corporation, Fresenius Medical Care AG, Mayo Clinic Health System, Sutter Health, Universal Health Services Inc., Cleveland Clinic Foundation, DaVita Inc., Johns Hopkins University, Kindred Healthcare LLC, Memorial Sloan Kettering Cancer Center, Genesis HealthCare LLC, BrightStar Care Inc., VITAS Healthcare Corporation, LHC Group Inc., Amedisys Inc., Magellan Health Inc., CareMore Health
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Which Key Market Segments Comprise the Medical-Social Working Services Market and Drive Its Revenue Growth?
The medical-social working servicesmarket covered in this report is segmented –
1) By Service Type: Patient Intake Screening, Patient Counselling And Education, Discharge Planning, Patient Advocacy, Other Service Types
2) By Type Of Expenditure: Public, Private
3) By Application: Hospitals, Nursing Homes, Assisted Care Facilities, Residential Treatment Centers, Other Applications
4) By End-User: Female, Male, Other End-Users
Subsegments:
1) By Patient Intake Screening: Initial Health Assessments, Medical History Review, Risk Factor Identification, Pre-Admission Screening, Mental Health Screening
2) By Patient Counselling and Education: Chronic Disease Management Education, Mental Health Counseling, Health Behavior Modification Counseling, Post-Surgery Counseling, Health Literacy Programs
3) By Discharge Planning: Post-Hospital Care Planning, Home Health Care Coordination, Follow-Up Appointment Scheduling, Medication Management And Education, Caregiver Support And Guidance
4) By Patient Advocacy: Insurance And Benefits Assistance, Patient Rights And Legal Advocacy, Treatment Decision Support, Navigating Healthcare Systems, Support For Vulnerable Patients
5) By Other Service Types: Social Support Services, End-of-Life Care And Counseling, Palliative Care Coordination, Care Coordination For Special Populations, Rehabilitation Support Services
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Which Regions Are Emerging as Leaders in the Medical-Social Working Services Market?
North America was the largest region in the medical-social working services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical-social working services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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