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.
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.Rise in geriatric population worldwideImprovement 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 JapanAccording 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.Request for Analysis of COVID-19 Impact on Offsite Medical Case Management Market -https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=25943Growth 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.
This can be attributed to the ready availability of facilities in long-term care centers, as these centers are specially designed for keeping a check on health and also for providing immediate diagnosis and treatment of diseases.Asia Pacific market to expand significantly and create high incremental opportunityBased on geography, the global offsite medical case management market has been divided into major five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.