Alarming Increase in Chronic Diseases Drives Global Offsite Medical Case Management Market
Published On : Jan 01, 2019 | Category : Healthcare
The global offsite medical case management market has been rising steadily over the course of the past few years. Several factors are responsible for it. Foremost among them is the rising chronic diseases owing to a large pool of elderly. Another factor that has been playing a key role in promoting the market is of course the progress in technology making it possible to remotely diagnose, treat, and monitor patients. In fact, with further progress in technology, new application areas are expected to emerge, thereby further boosting growth. Other supporting factors are helpful reimbursement policies and ability to pare medical expenses.
The overall global offsite medical case management market is seeing healthy competition with nimble players’ focus on strategic mergers and acquisitions. A report on the market finds that it would rise at 4.2% between 2018 and 2026. Rising at this pace, the market which was worth US$4.06 bn in 2017 would likely become US$5.89 bn by 2026.
Long Term Care Centers Mainly Fuelling Global Offsite Medical Case Management Market
The various end users driving demand in the global offsite medical case management market are home care settings, specialty clinics, long-term care centers, and others. Of these, the long-term care centers are mainly preferred for offsite case management since they are powered by the latest, cutting-edge technologies that offer accurate and quick diagnosis.
The different types of services available in the global offsite medical case management market are telephonic case management service and web-case management service. Between the two, the telephonic case management service is expected to see greater demand in the near term. This is because it is swift. Further, the different types of cases in the global offsite medical case management market are catastrophic case management, independent medical examinations, short-term disability, long-term disability, and chronic pain case management, among others. Currently chronic pain case management is witnessing most of the demand.
High Medical Spends by Institutes and Individuals Stoke North America Offsite Medical Case Management Market
With respect to regions, North America currently holds a leading position in the global offsite medical case management market. This is because of the high medical spends by both individuals and the government in the region. Besides, the tremendous progress in technology and the superior healthcare infrastructure in the region has also stoked growth in its offsite medical case management market. Going forward as well, the market in the region is projected to rise because of the growing prevalence of cardiac diseases and cancer.
Asia Pacific Emerges as Key Contributor With Large Pool of Elderly
Asia Pacific is another prominent offsite medical case management market that is expected to generate substantial revenue in the next couple of years. This is because of the rising awareness about new technologies and increasing healthcare allocations by governments. Besides, the large pool of elderly who are highly susceptible to oral, respiratory (pneumonia and tuberculosis), cardiovascular, and orthopedic (osteoporosis) diseases are also majorly impacting the market in the region. Early diagnosis of such ailments leveraging offsite medical case management is growing by the day in Asia Pacific. The region’s market is mainly powered by China.