Healthcare Fraud Detection Market Study by Insurance Claim, Prepay, Post Payment Methods to 2022 - Top Trends and Key Insights
Global Healthcare Fraud Detection Market poised to grow over next decade. Some of prominent trends that market is witnessing include analytics on rise in healthcare bpo, implementation of fraud risk & identity management programs, emergence of social media & its impact on healthcare industry & application machine learning for fraud detection is evolving.
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The healthcare fraud detection market is expected to reach USD 2,242.7 million by 2022 from USD 631.0 million in 2017, at a CAGR of 28.9%. Factors such as the large number of fraudulent activities in healthcare; increasing number of patients seeking health insurance; the prepayment review model; growing pressure of fraud, waste, and abuse on healthcare spending; and high returns on investments are driving the growth of the healthcare fraud detection arket.
On the other hand, market growth is likely to be negatively affected by the dearth of skilled personnel and reluctance to adopt healthcare fraud analytics in emerging countries, are expected to limit the growth of this market to a certain extent.
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Key objectives of this study are as follows:
- To define, describe, and forecast healthcare fraud detection market by type, component, delivery model, end user, and region.
- To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
- To analyze opportunities in market for stakeholders and provide details of the competitive landscape for market leaders.
- To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW).
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.
- To track and analyze competitive developments in the healthcare fraud detection market, such as joint ventures, mergers and acquisitions, product launches and expansions.
North America is expected to account for the largest share of the market followed by Europe. This regional segment is expected to register the highest CAGR during the forecast period. Factors such as increase in the number of people seeking health insurance, increasing cases of healthcare fraud,.
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The report will help the Healthcare Fraud Detection market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall healthcare fraud detection market and its sub segments. This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.
Target Audience for this Report:
- Healthcare IT firms
- Healthcare analytics vendors
- Healthcare payers
- Venture capitalists
- Research and consulting firms
- Healthcare fraud detection service providers
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