The latest report on the global Healthcare Fraud Analytics Market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the Healthcare Fraud Analytics Market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects.
The global healthcare fraud analytics market size was USD 1.53 Billion in 2021 and is expected to register a revenue CAGR of 26.7% during the forecast period. Growing consumer preference for telemedicine consultations, increase in number of patients who require health insurance, better investment returns, and surge in proportion of pharmacy claims and medical insurance-related frauds are major factors driving market revenue growth.
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In addition, significant number of fraud incidences related to health insurance claims around the world is another factor driving revenue growth of the market during the forecast period. Fraud, which is by its very nature covert and difficult to catch, is also more likely to occur in healthcare and medical insurance industries. According to European Healthcare Fraud and Corruption Network, percentage of healthcare fraud has been discovered, which is increasing annually. As a result, emerging field of healthcare management, which is accelerating growth of this industry, is preventive big data analytics for reducing healthcare fraud. This trend is supported by emerging technologies and these tools for detecting and preventing fraud have advanced dramatically, reducing the time it takes to detect fraud and enabling construction of quicker, sophisticated, and more accurate analytics.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Some major companies operating in the global market include ExlService Holdings, Inc., IBM Corporation, Wipro Limited, ClarisHealth, DXC Technology Co., COTIVITI, INC., CGI Inc., H2O.ai., and Brighterion, Inc.
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Dynamics:
The report offers insightful information about the market dynamics of the Healthcare Fraud Analytics market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Healthcare Fraud Analytics market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Healthcare Fraud Analytics market.
Emergen Research has segmented the global healthcare fraud analytics market based on deployment type, application, solution, and region:
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Deployment Type Outlook (Revenue, USD Million; 2019–2030)
- Cloud-based
- On premise
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Application Outlook (Revenue, USD Million; 2019–2030)
- Insurance claim
- Payment integrity
- Others
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Solution Outlook (Revenue, USD Million; 2019–2030)
- Prescriptive analytics
- Descriptive analytics
- Predictive analytics
Regional Outlook of Healthcare Fraud Analytics Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Radical Highlights of the Healthcare Fraud Analytics Market Report:
Comprehensive overview of the Healthcare Fraud Analytics market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Healthcare Fraud Analytics market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
