Medical Case Management Market Trends, Current Updates and Forecast to 2023
Market Scenario:
Market Research Future (MRFR), in its “Global Medical Case Management Market” report, elaborated on changesthe market is likely to undergo to gain high profits. The report also discusses on factors the can hinder the market rise. MRFR reveals that the medical case management global market can expand at 4.3% CAGR across 2017 to 2023. By 2023, the medical case management worldwide market can value at above USD 4,379.3 Mn.
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The increase in cases of ill, disabled, and other malaises are creating the need for solutions for effective management. Hence, the global medical case management market can rise at a rapid pace. Other factors that can surge the market are the implementation of government regulations to promote improved patient-centric care, the cut in healthcare expense, and growing requirement for improved quality of medical care. The availability of robust and firm healthcare IT sector empowered with advanced medical sector can prompt the expansion of the market. The lack of awareness of medical case management and trained professionals can impede the rise of MCM market.
Key Players:
Axiom Medical Consulting, LLC, Medical Case Management Group, EK Health, Inc., Genex Services, LLC, Europ Assistance - Global Corporate Solutions, EagleOne Case Management Solutions, Inc., CompAlliance, Managed Medical Review Organization, Inc., Inc., Sierra Nevada Administrators, Prime Health Services, Global Excel Management Inc, and GMMI, In.
Segmental Study:
· The Medical Case Management Market study is based on case type, mode type, and end user.
· The mode type-based segments of the market are web-based case management, telephonic case management, field case management, bilingual field case management, and others. The increased application of telephonic case management services is likely to impel the medical case management market growth across the forecast period. The increased utility of bilingual field case management can boost the expansion of the global market. The growing awareness about intangible advantages and the need to handle geographic limitations can prompt the expansion of the global medical case management market.
· The case type-based segments of the medical case management market are catastrophic case management, chronic pain case management, short-term disability, independent medical examinations, and long-term disability among others.
· The end user-based segments of the medical case management market are home care settings, hospitals, and others.
Regional Analysis:
North America medical case management market to hold global foothold in years to come. Increase in medical case management providers, alteration of lifestyle, surge in prevalence of chronic diseases, growing healthcare spending, and the rise in adoption of medical case management across Canada and the US can boost the expansion of the global market of medical case management. In addition, the existence of associations, such as Commission for Case Manager Certification (CCMC), the American Case Management Association (ACMA), and American Association of Healthcare Administrative Management (AAHAM) among others can lay groundwork for the regional market surge.
Europe medical case management to stand second in the growth line in the forecast period. The substantial approval of health insurance policies by governments in EU countries; Spain, France, Italy, Germany, and UK. Initiatives to promote patient care, avail better quality of healthcare, and curb healthcare costs can spur the EU market.
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AsiaPacific medical case managementmarket can expedite at rapid pace in the study period. APAC market surge can be attributed to the rise in geriatric populace and increase in incidence of chronic diseases. Medical tourism is booming in Asia Pacific that can support the expansion of the market.
The Middle East & Africa medical case management market can register a modest rise in the assessment period. Increased reforms in the healthcare sector, rise in investments to bring developments in medical case management sector.