Global Medical Case Management Services Market: Overview
The research report on the global medical case management services market offers valuable insights into the growth of the said market for the 2017-2021 forecast timeframe. The primary objective of the study is to offer latest updates on market dynamics and growth opportunities in the medical case management services market to serve as a business decision making tool for market stockholders. It examines growth opportunities for existing as well as new market players and also delineates a competitive chart of this progressive market.
An intrinsic part of the medical case management service report is the analysis and recommendations on the said market. To begin with, the report outlines conventions and notations relevant in the context of medical case management services, followed by factors influencing the growth of the medical case management services market. The analysts involved in the making of this report have provided key strategic recommendations for existing as well as new players to sustain competition. The report provides competitive landscape, which includes a dashboard view of companies operating in the medical case management services market. It also contains company profiles of leading companies along with insights into growth strategies adopted by these players across regions. In addition, analysts have also looked into various macro-economic indicators such as economic indices and population demographics of key countries in various regions.
Global Medical Case Management Services Market: Research Methodology
Top-down approach has been employed to validate the projections provided for the medical case management services market, whereas bottom-up approach has been employed to evaluate market numbers in the global medical case management services market. Weighted average selling price is used to estimate market size of various segments in the scope of the study. The estimates presented in the report is based on revenue estimations of key companies in the medical case management services market.
To present the market forecasts, the methodology involves sizing the current market. This serves to form the basis to predict the shape of the market in the future. Analysts reached out to several subject matter experts in the medical case management services market. Given the nature of the market, analysts triangulated outcomes based on different analysis such as demand side, supply side, and market dynamics. Quantification of data along with inclusion of quality insights gathered directly from physicians, nurses, and health caregivers are highlights of the report.
Analysis Across Multiple Nodal Points for Holistic Assessment
Apart from this, the report also provides year-on-year growth based on regional growth. This is provided to comprehend growth trends and to identify opportunities in the medical case management services market. Furthermore, market attractiveness index for key segments under each category are the highlight of this report. This index helps in identifying lucrative opportunities in the medical case management services market. In the final section, the report provides a dashboard view based on various categories of service providers to make for an interesting read.
Improvement in Employment to Benefit Medical Case Management Services Market in Developed Countries
The global medical case management services market is likely to tread a growth path in the upcoming years. Medical case management services provide a host of advantages, of which reduced healthcare costs for patients is a prominent one. Medical case management services encompass a range of client-oriented services that link clients with healthcare systems, psychosocial support, reimbursement providers, and other services. Coordination and follow-ups with medical treatment are vital components of medical case management services.
Majorly fuelling the medical case management services market are rising healthcare expenditures and medical costs control program and improved quality of care. Worldwide, private and public healthcare expenditure is escalating with growing population and prevalence of a host of diseases. Also, changing lifestyle account for up in demand for advanced healthcare products and services. Therefore, the adoption of medical case management services is on the rise. Medical case management services help to avoid unnecessary physician visits, hospital admissions, and medical complications by informed patient care and consistent monitoring of patient health. Not only this, fees incurred for medical case management services are also partially reimbursed by insurance providers. Considering the myriad advantages of medical case management services, the global medical case management services market is predicted to clock a CAGR of 3.04% for the forecast period between 2017 and 2021.
Increasing Burden on Healthcare Systems to Benefit the Market
At present, the healthcare industry is seeking reliable technologies for modern patient care. Medical case management services is an important component of the healthcare industry, which is driving demand for more advanced healthcare products and services. At present, the exponential growth of the world population is burdening healthcare resources and healthcare systems. The excessive burden on healthcare systems account for some kind of error or unintended drug side effects. In this scenario, medical case managers help prevent such errors by enabling easy access to patient history that provides details about drug reactions, post-surgery precautions, etc. Furthermore, technological advancements to enhance patient care is predicted to drive the growth of medical case management services market in the upcoming years.
Increasing prevalence of chronic diseases such as heart disease, cancer, stroke, and obesity is also a key factor behind the growth of medical case management services market. This is because adoption of medical case management services especially in developed regions enable access to the most appropriate care. In addition, improvement in employment benefits, especially in developed countries is stoking demand for medical case management services to assure appropriate treatment in the event of workplace injuries.
Lack of Awareness in Developing Countries to Crimp Market Growth
On the flip side, lack of awareness is a key factor challenging the growth of medical case management services market. As most vendors offering medical case management services are focused on developed regions, people in developing countries have very less awareness about these services. The dearth of professionals for medical case management services is also a hindrance to the growth of this market. Currently, around 50% of medical case managers handle more than 100 cases each in a month. Apart from this, high costs of medical case management is proving to be a bottleneck to the growth of medical case management services market. Low percentage of population having medical insurance in developing countries is limiting the demand for medical case management services in these regions.
Among the various segments based on mode of service, web-based case management service holds prominence in this market. Hospital end-use segment is anticipated to continue to hold the leading market share over the forecast period. By severity of case, long-term disability segment is predicted to register a significant growth rate over the 2017-2021 forecast timeframe. Region-wise, North America is expected to remain at the fore in the medical case management services market in the near future.