The global offsite medical case management market was valued at US$ 4,063.2 Mn in 2017. It is projected to expand at a compounded annual growth rate (CAGR) of more than 4.2% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Offsite Medical Case Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. The report suggests that factors such as rise in adoption of offsite medical case management, growth in patient pool, increase in geriatric population, and surge in prevalence of chronic diseases and injuries are likely to boost the demand for offsite medical case management in the next few years.
Advancement in technology and rise in demand for offsite medical case management among the geriatric population are expected to boost the market in North America and Europe during the forecast period. These regions are likely to account for a significant share of the global offsite medical case management market during the forecast period. In Asia Pacific, increase in government support and rise in awareness regarding offsite medical case management are projected to drive the growth of the market from 2018 to 2026.
Improvement in health care reforms in Japan, the U.S., China and the U.K., has enhanced access to various medical treatment services, resulting in increased life expectancy of the people in these countries. Geriatric population is expected to increase rapidly in developed countries, such as, the U.S. and Japan. According to the U.S. Census Bureau, in 2009, around 13% of the total population of the U.S. was older than 65 years, and is estimated to grow at a rate of 20% till 2030.. According to figures published in the United Nations’ “World Population Prospects,” the global population of those aged 100 years and above would be considerably large by 2050, followed by the 85+ and 65+ age groups.
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Growth in geriatric population is anticipated to boost the demand for health care products and services as elderly people are more prone to respiratory (tuberculosis and pneumonia), oral, orthopedic (osteoporosis), and cardiovascular diseases. Early diagnosis of these diseases is crucial for proper treatment. Thus, growth in aging population across the globe is expected to drive the demand for offsite medical case management services, as they require higher level of assistance and medical care.
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