Medical Case Management Service Market

Medical Case Management Service Market Outlook

 The global medical case management service market. The analysts have predicted the industry to expand at a stagnant CAGR of around 3.2% over the decade.

CAGR	3.2% (2021-2031)
Global Market Value in 2021	US$ 4 Bn
Projected Market Value for 2031	US$ 5.5 Bn
Dominant Region	North America

The market valuation which is expected to be US$ 4 Bn by the end of 2021 and is predicted to rise 1.3X by the end of decade.

Medical Case Management Service Industry: Demand Analysis (2016 to 2020) Vs Market Outlook (2021 to 2031)

Healthcare has become a major aspects of everyone’s life all over the globe. The need for effective healthcare has only increased over the past decade due to the increasing prevalence of deadly diseases and frequent outbreaks of certain diseases. Healthcare infrastructure has become more advanced than ever and is now widely technology based.

Demand for healthcare medical case management services is expected to be prominent across the globe by the end of this decade. However, currently the demand is only expected to be observed in the developed regions. The lack of awareness in the under developed regions is majorly hindering the growth of medical case management services industry in these regions.

Proliferation of technology is majorly changing the healthcare industry landscape. As the burden on healthcare infrastructure increases the demand for better management services from patient-end as well as the healthcare institution-end is expected to rise.

Adoption of medical case management services through 2031 is anticipated to rise at a CAGR of 3.2%.

What Segmentation is Offered in this Analysis on the Basis of Application?

Medical case management services can be classified as per their application in healthcare infrastructure:

• Medical Case Management Services for Children
• Medical Case Management Service for Adults
• Medical Case Management Service for Mental Health
• Medical Case Management Service for Behavioral Health

Demand for adult medical case management services is anticipated to be prominent across the globe. The demand for children medical case management services is anticipated to see a rise by the end of the decade as the instances of diseases in younger individuals increase.

How is Demand for Medical Case Management Solutions Shaping Up?

The medical case management solutions market is anticipated to see a steady rise in demand as advantages of medical case management services are realized by the general population across the globe. From the different components of medical case management services, solutions are a very vital part of this service. Effective solutions make the overall service a very beneficial package for the individuals.

Manufacturers of medical case management solutions are investing in researching and integrating new effective solutions to provide maximum benefit to the end-users as well as creating a better medical case management ecosystem.

Where Should Medical Case Management Service Providers be Focusing?

Medical case management service providers are focusing on providing solutions and services that cater and appease the individuals and proves effective in terms of healthcare as well as costs. The demand for telephonic case management service is anticipated to be the most significant and providers are expected to eye this segment over the forecast period. The demand for field case management service is expected to follow a similar trend.

Medical case management service providers are expected to not invest much in bilingual field case management sector as the demand for bilingual field case management service is significantly lower than other modes of service.

Which Regions Should Medical Case Management Service Providers Watch Out For?

This research details the global medical case management service industry landscape in regions like North America, Latin America, Europe, APAC, and MEA.

The industry is expected to see favorable growth in regions like Europe and North America. This can be attributed to factors like developed healthcare infrastructure, awareness among the general population, increased technological proliferation, etc.

Demand for medical case management service in APAC and MEA region is expected to rise at a relatively lower pace owing to lack of awareness in these regions. Under developed healthcare infrastructure is also a major factor restraining the adoption of medical case management services in these regions. Latin American region is also expected to follow a similar trend but anticipated to pick up the pace by the end of the decade.

Country-wise Analysis

What is the U.S. Medical Case Management Service Market Size?

The U.S. is a significant market for medical case management services and this can be linked to the massive healthcare infrastructure that the nation has. The demand for medical case management services in the U.S. is more due to the increasing prevalence of diseases, rising need for healthcare management, high spending potential of the patients, complex nature of the healthcare system.

The market in the U.S. is dominant in terms of size as well as revenue in the North American region. The demand for personal medical case management services is expected to see a rise in the nation.

How are Medical Case Management Services Expected to Fare in India?

India being the largest economy in the world has proved to be a lucrative marketplace for almost all products and services. The nation has a developing healthcare infrastructure which is being improvised and worked on. The under-developed healthcare ecosystem provides great opportunities for medical case management services, but the adoption of this service is hindered by the lack of awareness in the region.

In order to cash in the potential that the Indian market has the providers will need to educate the general population on benefits and adoption of the medical case management service and its solutions.

Category-wise Analysis

Why is Demand for Medical Case Management Services from Hospitals High?

Market for medical case management service is majorly driven by the demand from hospitals in comparison with demand from other channels and verticals. This trend is expected to be followed through the decade, however the demand from home-care segment is also expected to see some change which could have a minimal impact on the demand from hospitals. In any case, the prominence of demand from hospitals is anticipated to be major through the forecast period.

COVID-19 Pandemic Evaluation

COVID-19 pandemic completely changed the way world approached healthcare. From individuals to institutions everyone had to reevaluate their approach and this has set in motion some major changes in the industry. Individuals are now demanding a more effective healthcare infrastructure to provide care in the utmost critical stages which were observed in the peak of pandemic in 2020.

Medical case management services aid the institutions as well as the individuals to avail effective healthcare without any problems. The benefits of medical case management services are anticipated to be majorly popularized over the next ten years as focus on healthcare becomes more prominent than ever.

Competitive Landscape

Launches of new services with more patient-centric benefits are expected to be frequent in the industry. Major providers will be aiming to provide effective services for more common and deadly diseases alike in order to increase their scope of application.

• In September 2021, MedCAD, a prominent name in medical device industry announced upgradation of its MyMedCAD application. The application is an end-to-end solution for their customers to manage their cases. The app makes case management simple for the professionals at MedCAD as well as their customers who can avail all the information at the tip of their fingers.
• In January 2021, Medix Global a leading name in medical management solutions announced its plans for expansion in the APAC region. The company has already announced its entry in the Indian market which is seen as a very lucrative and opportunity intensive market. The APAC region has immense case management opportunities and that is what Medix Global is expected to be aiming for.
• AIA Vietnam in July 2021 announced the launch of personal medical case management service. This service is being launched in partnership with Medix Group who is a leading name in healthcare solutions. The service will be available for all AIA customers and is aimed to give them a better understanding of their medical condition and gain appropriate options for treatment of critical illnesses.

Medical Case Management Service Industry Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value
Key Regions Covered	North America Latin America Europe APEJ MEA
Key Countries Covered	United States Canada Brazil Mexico Germany U.K. France Spain Italy China Japan South Korea India Indonesia Malaysia Singapore Australia New Zealand Turkey South Africa and GCC Countries
Key Market Segments Covered	Mode of Service End User Severity of Case Region
Key Companies Profiled	GENEX Services Inc. EagleOne Case Management Solutions Inc. EK Health Services Inc. Healthcare Solutions Inc. Europ Assistance - Global Corporate Solutions Precyse Solutions LLC. Axiom Medical Consulting LLC Managed Medical Review Organization Inc. Medical Case Management Group.
Pricing	Available upon Request

Key Segments of Medical Case Management Service Industry Survey

• By Mode of Service:

  • Web-based Case Management Services
  • Telephonic Case Management Services
  • Field Case Management Services
  • Bilingual Field Case Management Services
  • Other Services

• By End User:

  • Medical Case Management Services for Hospitals
  • Medical Case Management Services for Homecare Settings

• By Severity of Case:

  • Catastrophic Case Medical Management Services
  • Chronic Pain Case Medical Management Services
  • Independent Medical Examinations
  • Short-term Disability
  • Long-term Disability