What are the latest figures on the medical-social working services market’s size and projected CAGR?
The medical-social working services market size has grown strongly in recent years. It will grow from $7.56 $ billion in 2024 to $8.2 $ billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increased recognition of mental health issues, growing adoption of integrated care models, development of the person in the environment (PIE) assessment system, increasing demand for medical-social care, and growing cases of autism.
The medical-social working services market size is expected to see strong growth in the next few years. It will grow to $11.29 $ billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to healthcare policy and reform, growing awareness about mental health, the rise of telehealth, the expansion of health insurance coverage, and a focus on preventive and proactive care. Major trends in the forecast period include technological advancements, mobile health applications (MHealth), the development of digital therapeutic solutions, blockchain technology, and the integration of environmental and social determinants.
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Which Market drivers have played a significant role in driving the medical-social working services market?
The increasing volume of patients is expected to propel the growth of the medical-social working services market going forward. The volume of patients is increasing due to the aging population, the rising prevalence of chronic diseases, and advancements in medical technology that improve diagnosis and treatment, leading to greater awareness and access to healthcare services. Medical-social working services enhance patient well-being by integrating medical care with social support, facilitating access to resources, and addressing both healthcare and social needs. For instance, in August 2023, according to a report published by the Australia Institute of Health and Welfare, an Australia-based governmental organization, during the period from 2022 to 2023, the number of hospitalizations increased to 12.1 million, reflecting a 4.6% rise compared to the 11.6 million recorded in the previous year, 2021 to 2022. Therefore, the increasing volume of patients is driving the growth of the medical-social working services market.
What are the key segments within the medical-social working services market?
The medical-social working servicesmarket covered in this report is segmented –
1) By Service Type: Patient Intake Screening, Patient Counselling And Education, Discharge Planning, Patient Advocacy, Other Service Types
2) By Type Of Expenditure: Public, Private
3) By Application: Hospitals, Nursing Homes, Assisted Care Facilities, Residential Treatment Centers, Other Applications
4) By End-User: Female, Male, Other End-Users
Subsegments:
1) By Patient Intake Screening: Initial Health Assessments, Medical History Review, Risk Factor Identification, Pre-Admission Screening, Mental Health Screening
2) By Patient Counselling and Education: Chronic Disease Management Education, Mental Health Counseling, Health Behavior Modification Counseling, Post-Surgery Counseling, Health Literacy Programs
3) By Discharge Planning: Post-Hospital Care Planning, Home Health Care Coordination, Follow-Up Appointment Scheduling, Medication Management And Education, Caregiver Support And Guidance
4) By Patient Advocacy: Insurance And Benefits Assistance, Patient Rights And Legal Advocacy, Treatment Decision Support, Navigating Healthcare Systems, Support For Vulnerable Patients
5) By Other Service Types: Social Support Services, End-of-Life Care And Counseling, Palliative Care Coordination, Care Coordination For Special Populations, Rehabilitation Support Services
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Which key players are shaping the medical-social working services market?
Major companies operating in the medical-social working services market are UnitedHealth Group Incorporated, Cigna Corporation, Kaiser Foundation Health Plan Inc., Providence Health & Services Inc., Trinity Health Corporation, Fresenius Medical Care AG, Mayo Clinic Health System, Sutter Health, Universal Health Services Inc., Cleveland Clinic Foundation, DaVita Inc., Johns Hopkins University, Kindred Healthcare LLC, Memorial Sloan Kettering Cancer Center, Genesis HealthCare LLC, BrightStar Care Inc., VITAS Healthcare Corporation, LHC Group Inc., Amedisys Inc., Magellan Health Inc., CareMore Health
Which transformative trends will shape the medical-social working services market landscape?
Major companies operating in the medical-social working services market are focusing on expanding their presence by launching innovative solutions, such as home healthcare initiatives, to provide comprehensive care management that integrates medical and social services. Home healthcare services refer to a range of medical and supportive care provided at home, including skilled nursing, therapy, personal care, and remote monitoring, aimed at improving patient health and independence. For instance, in July 2024, Star Health and Allied Insurance, an India-based health insurance company, launched a Home Healthcare Initiative to provide medical services directly to patients’ homes across 50 cities and towns in India. This initiative offers a range of healthcare services, including nursing care and physiotherapy, through partnerships with providers such as Care24 and Portea. Customers can access these services via a toll-free number or the Star Health mobile application. The initiative covers a range of conditions, including fever, acute gastroenteritis, urinary tract infections, and acute gastritis, with costs for a five-day treatment package. This initiative aims to enhance patient convenience and accessibility, reflecting the growing trend towards home-based healthcare solutions.
How do regional factors impact the medical-social working services market, and which region is the largest contributor?
North America was the largest region in the medical-social working services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical-social working services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Medical-Social Working Services Market Report 2025 Offer?
The medical-social working services market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Medical-social working services refer to a field of work that combines elements of healthcare and social services to support individuals facing various health and social challenges. Medical-social working services utilize a holistic approach to address both the medical and social needs of individuals, ensuring comprehensive care and support.
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