PUBLISHER: The Business Research Company | PRODUCT CODE: 1664768
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664768
Transitional Care Management (TCM) comprises a set of services aimed at facilitating a patient's transition from one healthcare setting to another, such as from a hospital to a primary care provider. The objective is to ensure a seamless continuation of care, mitigate potential adverse outcomes, and reduce avoidable readmissions and medical errors during the 30-day period following discharge from acute care.
The primary types of transitional care management services encompass patient TCM services, healthcare TCM services, billing TCM services, documenting TCM services, and others. Patient TCM services are specifically tailored to assist patients in transitioning to community settings. These services cater to managing various chronic conditions such as cardiovascular diseases, diabetes, cancer, asthma, chronic obstructive pulmonary disorders, among others. They find application in diverse healthcare settings, including inpatient facilities and community-based patient care environments.
The transitional care management services market research report is one of a series of new reports from The Business Research Company that provides transitional care management services market statistics, including transitional care management services industry global market size, regional shares, competitors with a transitional care management services market share, detailed transitional care management services market segments, market trends, and opportunities, and any further data you may need to thrive in the transitional care management services industry. This transitional care management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The transitional care management services market size has grown rapidly in recent years. It will grow from $288.13 billion in 2024 to $336.76 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to healthcare policy changes, focus on value-based care, hospital readmission reduction initiatives, collaboration among healthcare providers, patient-centered care emphasis.
The transitional care management services market size is expected to see rapid growth in the next few years. It will grow to $659.35 billion in 2029 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to patient engagement solutions, policy support for care coordination, expanding healthcare access, data analytics and predictive modeling, patient-centered medical home models. Major trends in the forecast period include telehealth integration, emphasis on patient-centered care, increased collaboration and care coordination, remote patient monitoring technologies, focus on chronic disease management.
The projected increase in patients with chronic diseases is anticipated to drive the expansion of the market for transitional care management services. Chronic illnesses, encompassing conditions such as cardiovascular disease, cancer, chronic respiratory disease, and diabetes, persist for a year or longer, demanding ongoing medical attention. Transitional care management (TCM) services play a vital role in preventing disruptions in patient care during transitions between healthcare settings. These services, including self-management education, discharge planning, and systematic follow-up, are instrumental in assisting patients in managing chronic diseases and averting complications. As of 2023, the National Institutes of Health (NIH) report forecasts a 99.5% rise in individuals aged 50 and older with at least one chronic illness in the United States, from 71.522 million in 2020 to 142.66 million in 2050. Additionally, the number of people with multimorbidity is expected to increase by 91.16%, from 7.8304 million in 2020 to 14.968 million in 2050.
The rising number of surgical procedures is anticipated to drive the growth of the transitional care management market in the coming years. Surgery involves invasive procedures where tissues are cut or destroyed to structurally modify or repair the human body. Transitional care management (TCM) is frequently employed in various surgeries or medical procedures, including plastic surgery, orthopedics, cardiology, and others, where ongoing coordination and management of care are essential, particularly during the patient's transitional phases. For example, in June 2024, it was noted that the number of plastic surgical procedures has significantly increased in recent years. According to the American Society of Plastic Surgeons (ASPS), approximately 1.02 million reconstructive procedures and around 25.4 million cosmetic minimally invasive procedures were performed in 2023. This represents a 7% rise in minimally invasive procedures compared to the previous year, with surgical procedures also experiencing notable growth. Therefore, the increasing number of surgical procedures is expected to bolster the growth of the transitional care management market moving forward.
Product innovation stands out as a prominent trend shaping the landscape of the transitional care management services market. Leading companies in this sector are dedicating efforts to introducing novel solutions to fortify their market standing. A notable example is PharMerica Inc., a healthcare company based in the United States, which unveiled the Continuing Care Transitional Care Management Program in May 2022. This program specifically addresses care gaps encountered by individuals transitioning from skilled nursing facilities to their homes. It incorporates home-based primary care and nurse hub outreach services provided by BrightSpring Health Services. This innovative approach ensures a secure transition home for medically complex clients, particularly those with multiple medications, chronic diseases, or comorbidities. The program is a pioneering initiative elevating transitional care management to a new level, ensuring comprehensive and person-centered treatments for residents returning home from skilled nursing facilities.
Major players in the transitional care management market are increasingly adopting a strategic partnerships approach to elevate the quality of healthcare services for individuals with complex health needs. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits. In December 2022, Superior Health Plan, a managed care company based in the United States, collaborated with MedArrive and Brave Health to establish a home health program. This strategic partnership aimed to enhance the quality of healthcare services for individuals dealing with intricate health conditions. MedArrive, a US-based healthcare provider specializing in mobile-integrated care management services, contributed its expertise to this collaborative effort.
In July 2022, IL2M International Corp., a US-based Healthcare Technology holding company, completed a merger with Aamani Healthcare Group for a substantial amount of $51.8 million. This strategic merger between IL2M International Corporation and Aamani Healthcare Group represents a significant value-creation opportunity for both entities' stockholders. Aamani Healthcare Group, a US-based healthcare organization, specializes in providing transitional care and rehabilitation services for elderly and handicapped individuals. This strategic move reflects a commitment to enhancing capabilities and expanding offerings in the transitional care management sector.
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
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
The countries covered in the transitional care management services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The transitional care management services market includes revenues earned by entities by providing inpatient acute care services, inpatient psychiatric services, hospital outpatient observational services, long-term care services, nursing services, and inpatient rehabilitation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Transitional Care Management Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on transitional care management services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for transitional care management services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The transitional care management services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.