Pune, India, September 2019, MRFR
Press Release/- Market Research Future has published a Cooked Research Report
on the Global Healthcare Fraud Detection Market.
Market Highlights
The Global Healthcare
Fraud Detection Market was valued at USD 821.11 million in 2018,
and the market is estimated to grow to USD 3,787.68 Million by 2024 and is expected to register a CAGR of 28.83% during the forecast period from 2019 to 2024. In
2018, the Americas accounted for the
largest market share of 49.97% with a
market value of USD
410.28 million, followed by Europe with a
market value of USD
236.72 million in 2018.
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Based on application, the insurance
claims review segment accounted for the largest market share of 63.31% in 2018, with a market value of USD 519.89 million and is projected to register a CAGR of 28.41% during the forecast period. On the basis of delivery model,
the on-premise segment accounted for the largest market share of 53.31% in 2018, with a market value of USD 437.73 million, and is projected to register a CAGR of 28.11% during the forecast period.
Segment Analysis
The global healthcare fraud
detection market is mainly segmented into type, component, delivery
model, application, end user, and region.
On the basis of type, the global
healthcare fraud detection market has been divided into descriptive analytics,
predictive analytics, and prescriptive analytics. On the basis of component the
global healthcare fraud detection market has been segregated services and
software. Based on application the market
has been classified as insurance claims review and payment integrity. Based on end user, the global healthcare
fraud detection market has been categorized as private insurance
payers, public/government agencies, and third party service providers.
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Regional Analysis
The healthcare fraud detection
market in the Americas has been segmented into North America and Latin America.
The North American market has been further divided into the US and Canada.
Latin America market has been classified as Brazil and the rest of Latin
America. The Americas dominate the global healthcare fraud detection market,
owing to the increasing number of patients opting for health insurance. This
has boosted the market in the American region. According to the US
Department of Commerce Economics and Statistics Administration, the percentage
of people with health insurance coverage for 2017 was 91.2%.
Key Industry
Participants
Market Research Future
(MRFR) recognizes are International Business Machines
Corporation (IBM), UNITEDHEALTH group, SAS Institute Inc., FAIR ISAAC
Corporation, DXC Technology Company, LEXISNEXIS, COTIVITI INC., WIPRO LIMITED,
McKesson Corporation, EXLSERVICE Holdings, Inc., CGI INC. as the key
players in the global HEALTHCARE FRAUD DETECTION market.
Key Findings of the Study:
- The Global Healthcare Fraud
Detection Market is projected to reach
over USD
22,07,162.54 Million by 2026 at
a 58%
CAGR during the review period
of 2019
to 2026.
- The Global Healthcare
Fraud Detection Market is
estimated to grow at USD 3,787.68 million by 2024, a 83% CAGR during the forecast period from 2019 to 2024.
- The Americas accounted for the
largest market share with North America being the major contributor to the
growth of the market.
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