Telephonic Case Management Segment to Lead Market during 2021–2028
According to our new research study on "Medical Case Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Mode of Service, Severity of Case, and End User" the market is expected to grow from US$ 4,109.20 million in 2021 to US$ 5,228.35 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028. The report highlights trends prevailing in the medical case management market and factors driving its growth. The rising prevalence of chronic diseases and increasing adoption of technological advancements in propel the demand for medical case management. However, ineffective collaborations, and security and privacy concerns hamper the medical case management market growth.
Based on the mode of service, the medical case management market is segmented into telephonic case management, field case management, web-based case management, and bilingual case management. The telephonic case management segment held the largest market share in 2021 and is expected to retain its dominance during the forecast period. One of the significant benefits of telephonic case management is it can overrule geographic constraints. Case managers provide the necessary attention to the injured workers by engaging with them over a phone call, without wasting time in reaching the actual location. They can continue to assist the clients even if they have to relocate over the course of their claim. Thus, eliminating the need to travel, increasing productivity in handling each individual claim, and reducing costs. It also offers an intangible advantage, as this mode enables enhanced availability of case managers, allowing them to develop a rapport with the injured workers, and assist them as they through medical care and recovery.
Lucrative Regions in Medical Case Management Market
Medical Case Management Market Size, Share | Report 2021, 28
Download Free SampleMedical Case Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Mode of Service (Web-Based Case Management, Telephonic Case Management, Field Case Management, and Bilingual Case Management); Severity of Case (Catastrophic Cases, Chronic Pain, Independent Medical Examinations, Long-Term Disability, and Short-Term Disability); and End User (Hospitals and Home Care Settings)
Impact of COVID-19 Pandemic on Medical Case Management Market
The COVID-19 pandemic has adversely affected various industries, such as manufacturing and healthcare, and its long-term repercussions are likely to cause a slowdown of the healthcare sector growth during the forecast period. Due to the rising number of cases, lockdown and business shutdowns were imposed by governments of various countries to control transmission. As the pandemic progressed, the local and global medical case management market players transformed and customized their operations to include the necessary safety and precautionary measures to ensure the best possible care and treatment, which impacted the growth of the medical case management market. As a result, many healthcare operations were shifted to digital platforms, and healthcare systems of many countries underwent a digital revolution with support and care services being provided through digital platforms and delivery channels. Moreover, as the healthcare infrastructure has begun to improve and out-of-pocket expenses for healthcare are increasing, the demand for medical case management is expected to continue to rise during the forecast period.
Several players in the medical device manufacturing market engage in meeting the growing demands for management solutions. Axiom Medical Consulting, LLC; EagleOne Case Management Solutions, Inc.; EK Health Services, Inc.; Genex Services, LLC; GMMI, Inc.; MMRO, Inc.; TRIUNE Health Group; PayerFusion Holdings, LLC; Sierra Nevada Administrators; and Medical Case Management Group are among the leading companies operating in the medical case management market.
The report segments the medical case management market as follows:
The medical case management market has been segmented on the basis of mode of service, severity of case, end user. Based on the mode of service, the market is segmented into web-based case management, telephonic case management, field case management, and bilingual case management. The medical case management market, by the severity of case, is segmented into catastrophic cases, chronic pain, long-term disability, short-term disability, and independent medical examinations. Based on end user, the market is segmented into hospitals and home care settings. By geography, the medical case management market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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