Healthcare Fraud Detection Market 2022
Global Healthcare Fraud Detection Market, during the forecast period 2016 to 2024, will register growth at a CAGR of 28.83%. The market for Healthcare Fraud Detection is set to reach US$3,787.68 million by 2024. As per market analysts, the global market is anticipated to witness growth owing to the factors such as expanding patient pool opting for healthcare insurance as well as alarming rise in fraudulent events in the healthcare industry. However, the market will face challenges and restraints due to low awareness level in developing countries and lack of Healthcare Fraud Detection Technology during the forecast period 2016 to 2024.
The rising pressure to track abuse and fraud in healthcare in the market is set to play a key role in determining the growth potential during 2016 to 2024 years. Analysts have also studied the market to understand potential threats and challenges the Healthcare Fraud Detection Market Companies could face. Although the market is poised to grow at a fast pace across application, component, delivery model, end-users, and type segments, factors such as companies unwilling to adopt new technologies could slow down the market's growth worldwide.
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Major Key Players:
DXC Technology Company
UNITEDHEALTH group
SAS Institute Inc.
WIPRO LIMITED
EXLSERVICE Holdings Inc.
International Business Machines Corporation (IBM)
COTIVITI INC.
McKesson Corporation
CGI INC
FAIR ISAAC Corporation and LEXISNEXIS
Segment Analysis
The Healthcare Fraud Detection Market has been segmented into application, component, delivery model, end-users, and type. Based on the segment which is application, the market is categorized on the basis of insurance claims review and payment integrity. The global market for healthcare fraud detection is further segmented based on component into services and software. Furthermore, the market, on the basis of delivery model is segmented into on-premise and cloud-based. Based on the segment which is end-users, the market is categorized on the basis of public/government agencies, third party service providers, and private insurance payers. The global market for Healthcare Fraud Detection is further segmented based on type into predictive analytics, prescriptive analytics, and descriptive analytics.
Regional Analysis
Lower awareness level regarding Healthcare Fraud Analytics may hinder the market growth. The market research report suggests that could be supported by a huge patient pool opting for health care insurance as well as the growing number of healthcare BPO during the forecast period. The Healthcare Fraud Detection Market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The Global Research Report reveals that APAC, North America, and Europe regional markets will dominate the global market for Healthcare Fraud Detection during the forecast period 2016 to 2024. As per market analysts, the market is set to witness tremendous growth across software, private insurance payers, and cloud-based segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the Healthcare Fraud Detection Market are also analyzed and studied in the Market Research Report.
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