Global Transitional Care Management Services Market is valued at approximately USD 175.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17.4% over the forecast period 2022-2029. Transitional Care Management (TCM) services address the hand-off period between the inpatient and community setting. This service helps in the proper management of patient transitions among the care settings and involves the transition back home. This article outlines the key components, goals, and impact of adequate transitional care. The growing geriatric population, rising burden of chronic illnesses, injuries, and surgeries, coupled with the surging demand for the post-discharge facility are some primary factors that are stipulating the market demand across the globe.

The growing investment in research and development activities are witnessing the requirement for transitional care management services to offers patients an easier way to decrease the costs and readmission rate in hospitals. For instance, in March 2020, Allevant Solution introduced new five-part webinar series and learning modules to assist CAHs by presenting transitional care. In addition, there are more than 1,300 critical access hospitals across the United States that are fully staffed facilities that helped to reduce the burden during the COVID-19 pandemic in PPS acute care hospitals. Hence, these aforementioned factors are anticipated to boost the growth of the market. Moreover, the rising demand to improve patient care, as well as the rising number of strategic initiatives by the key market players is presenting various lucrative opportunities over the forecasting years. However, the dearth of skilled professionals and the lack of awareness are challenging the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Transitional Care Management Services Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing number of surgeries, injuries, and serious illnesses, along with the presence of well-developed healthcare facilities. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the high burden of diseases, rising elderly population, and presence of developing countries such as China and India in the market space.

Major market players included in this report are:

Humworld Inc.

Rijuven Corp.

PharMerica Corporation

CareVitality

ACT Health Solutions

Medsien

Wellsky

Nextgen Healthcare

Prohealth Select

Well Living Initiative (WLI)

Recent Developments in the Market:

In October 2021, HCAH (formerly Healthcare atHOME) introduced third transition care center in India, which is the first in North India. The transition care center by HCAH is likely to fill the healthcare gap between homes and tertiary care hospitals.
Global Transitional Care Management Services Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Type of Services, End-use, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type of Services:

Patient TCM Services

Healthcare TCM Services

Billing TCM Services

Documenting TCM Services

Others

By End-use:

Inpatient Settings

Community Settings

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World