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Global Medical Case Management Services Market to Log Healthy 3.0% CAGR from 2015 to 2021

Article Description

Adoption of medical case management services enables cutting down the cost of medical healthcare services for patients. This can be achieved as the medical case management service providers help in selecting the most cost-effective medical plan for patients and also ensure that they get proper and timely medical care at an appropriate medical facility. The growing geriatric population, rising incidence of injuries, and chronic diseases are some of the major factors driving the growth of the global medical case management services market. On the flip side, the high cost of services, lack of awareness, and absence of skilled professionals are the factors hampering the growth of this market. Medical case managers are introducing various technologies such as internet-based education, electronic health records, predictive modeling tools, communication tools, and others to manage patients’ clinical history and have better access to client data.

In 2014, the global medical case management services market was worth US$4,200 mn and is anticipated to reach US$5,155.1 mn by the end of 2021, expanding at a CAGR of 3.0% over the forecast period.

Medical Tourism to Boost Demand for Bilingual Field Case Management Services

The global market for medical case management services can be segmented on the basis of mode of service into telephonic case management service, field case management service, bilingual field case management service, web-based case management service, and other services. Among services, the telephonic case management service segment is considered as the most promising of all markets, followed by the web-based case management services segment. The bilingual field case management service segment is anticipated to become mainstream in the next few years owing to the booming medical tourism industry across the globe.

Furthermore, by severity of case, the global market is divided into independent medical examinations, catastrophic case management, chronic pain case management, short-term disability, long-term disability, and chronic pain case management. The long-term disability segment is anticipated to lead the global market for medical case management services between 2015 and 2021. On the other hand, the independent medical examinations segment is projected to witness the fastest growth in this market. The global medical case management services market can be divided on the basis of end user into hospitals and home care settings.

North America to Register 2.90% CAGR till 2021 due to Increasing Healthcare Expenditure

From the geographical standpoint, North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe are the key regions within the medical case management services market. Among these regions, North America is anticipated to lead the global medical case management services market between 2015 and 2021, owing to technological advancements, growth in healthcare expenditure, and rising incidence of injuries and chronic diseases. In 2015, the North America medical case management services market was worth US$3,021 mn and is projected to reach US$3,586 mn by the end of 2021, exhibiting a 2.90% CAGR from 2015 to 2021. In the next few years, the demand for medical case management services is anticipated to grow extensively thanks to the improving level of employment in developed economies. After North America, Europe is considered as the next lucrative destination for medical case management service providers.

Browse the full Global Medical Case Management Services Market report at http://www.mrrse.com/medical-case-management-services-market

Prominent Players in the Global Medical Case Management Services Market

Some of the prominent players operating in the global market for medical case management services are Managed Medical Review Organization Inc., EagleOne Case Management Solutions, Inc., Medical Case Management Group, Healthcare Solutions Inc., Europ Assistance – Global Corporate Solutions, EK Health Services Inc., GENEX Services Inc., Precyse Solutions LLC., and Axiom Medical Consulting, LLC. These players in the global medical case management services market are taking constant efforts to introduce new services to develop their service portfolio and to cater to customers’ requirements.