Future Outlook of the Transitional Care Management Services Market: Growth, Trends, and Emerging Opportunities Explored
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What key factors are powering the surge in the transitional care management services market right now?
The market size for transitional care management services has seen swift expansion in the past few years. The sector, currently standing at $288.13 billion in 2024, is projected to increase to $336.76 billion in 2025, marking a compound annual growth rate (CAGR) of 16.9%. The significant rise during the historical period is a result of modifications in healthcare policies, prioritization on value-based care, initiatives aimed at reducing hospital readmissions, collaboration efforts among healthcare providers, and a focus on patient-centered care.
How fast Is the transitional care management services market expected to grow, and what’s its future value?
In the upcoming years, the market size for transitional care management services is projected to experience significant expansion. It is forecasted to reach a value of $659.35 billion by 2029, with a compound annual growth rate (CAGR) of 18.3%. The anticipated growth during the forecast period can be credited to elements like patient engagement solutions, policy support for care coordination, broadened access to healthcare, data analysis and predictive modeling, and patient-centric medical home models. The forecast period will also see key trends such as integration of telehealth, heightened focus on patient-centered care, augmented collaboration and care coordination, advancement in remote patient monitoring technologies, and an emphasis on managing chronic illnesses.
Get your transitional care management services market report here!
What are the leading drivers of growth in the transitional care management services market?
The increase in patients suffering from chronic conditions is projected to bolster the expansion of the transitional care management services market. Chronic diseases are generally defined as conditions that endure for more than a year, requiring consistent medical care, affecting daily activities, or both. These conditions include non-communicable diseases such as cardiovascular disease, cancer, chronic respiratory disease, and diabetes. Transitional care management (TCM) services support the prevention of chronic diseases by ensuring that there is no disruption in patient care during the transition from one care setting to another. Transitional care management (TCM) interventions encompass self-management education, discharge planning, and systematic follow-up which are instrumental in helping patients manage chronic diseases and avoid potential issues. For example, a study by the National Institutes of Health (NIH), a US-based biomedical research institution, projected that in 2023, the demographic aged 50 and over in the United States suffering from at least one chronic illness will see an increase of 99.5%, rising from 71.522 million in 2020 to 142.66 million in 2050. Additionally, those suffering from multimorbidity are expected to increase by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Therefore, the increase in patients with chronic conditions is fueling the expansion of the transitional care management services market.
What are the key segments defining the transitional care management services market?
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
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9911&type=smp
Who are the key players steering the development of the transitional care management services market?
Major companies operating in the transitional care management services market include Rijuven Corp., PharMerica Corporation, CareVitality, ACT Health Solutions LLC, Wellsky Corporation, Care UK Limited, Genesis Healthcare Corp., US Acute Care Solutions, Charter Health Care Group, Amedisys Inc., National HealthCare Corporation, LHC Group Inc., Brookdale Senior Living Inc., Encompass Health Corporation, PruittHealth, Consulate Health Care, Signature Healthcare LLC, Life Care Services LLC, Sunrise Senior Living LLC, Five Star Senior Living Inc., Senior Lifestyle Corporation, Holiday Retirement, Erickson Living Management LLC, The Ensign Group Inc., Diversicare Healthcare Services Inc., Saber Healthcare Group LLC, SavaSeniorCare LLC
What emerging trends are influencing the growth of the transitional care management services market?
The emergence of product innovations is a leading trend in the transitional care management services market. Many significant firms operating in this market are concentrating their efforts on developing new solutions to maintain their competitive edge. For example, in May 2022, PharMerica Inc., a healthcare firm based in the United States, initiated the Continuing Care Transitional Care Management Program. This program was launched to deal with care deficiencies when patients transitioned from skilled nursing facilities to their places of residence. It included home-based primary healthcare and nurse hub outreach services, provided by BrightSpring Health Services. This was done to ensure a safe return home for medically complex clients, particularly those who were on 8 to 12 medications or those suffering from multiple chronic illnesses or comorbidities. This program, the first of its kind, enhances transitional care management by ensuring that residents who return home from skilled nursing facilities have access to comprehensive, person-centric, hands-on treatments necessary for maintaining their health at home.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9911
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
Browse Through More Similar Reports By The Business Research Company:
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:
