Healthcare Fraud Detection Market | Leading Segments, Trends, Drivers and Challenges
SAS Institute Inc., Thomson Reuters Corp., and UnitedHealth Group are among some of the key market vendors
Global healthcare fraud detection market is likely to post an incremental growth of $ 1.26 billion, accelerating at a CAGR of 14.26% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
Request for Our Free Sample Report for detailed Insights
Healthcare Fraud Detection Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Type (descriptive analytics, predictive analytics, and prescriptive analytics) and Geography (North America, Europe, Asia, and ROW). Growth by the descriptive analytics segment will be significant during the forecast period and is expected to offer significant growth opportunities during the forecast period.
- 43% of the market growth will originate from North America during the forecast period. The US and Canada are the key markets for healthcare fraud detection in the region Market growth in North America will be faster than the growth of the market in other regions. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Healthcare Fraud Detection Market size.
Healthcare Fraud Detection Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Increased number of patients seeking health insurance will be a significant factor in driving the growth of the Healthcare Fraud Detection Market. As more and more people buy health insurance due to several factors such as aging population, affordability, government and private sector support, the need to ensure against fraudulent claims also arises which will contribute significantly to market growth.
- Increasing cases of healthcare fraud will be instrumental in driving the market growth during the forecast period.
- Time-consuming deployment and need for frequent upgrades is a hurdle that needs to be crossed on the path to success. The placement of fraud analytics solutions is a time-consuming process but overtime this is likely to reduce as software and systems become more agile.
Healthcare Fraud Detection Market: Vendor Analysis
- The market is fragmented.
- CGI Inc., Conduent Inc., Cotiviti Inc., ExlService Holdings Inc., HCL Technologies Ltd., International Business Machines Corp., SAS Institute Inc., Thomson Reuters Corp., UnitedHealth Group, and Wipro Ltd. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Healthcare Fraud Detection Market Split by Type
- Descriptive analytics
- Predictive analytics
- Prescriptive analytics
- Healthcare Fraud Detection Market Split by Geography
- North America
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Competitive scenario
- Vendor landscape
- Landscape disruption
- CGI Inc.
- Conduent Inc.
- Cotiviti Inc.
- ExlService Holdings Inc.
- HCL Technologies Ltd.
- International Business Machines Corp.
- SAS Institute Inc.
- Thomson Reuters Corp.
- UnitedHealth Group
- Wipro Ltd.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 14.26%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.26 bn through 2022-2026.
- What is a key factor driving this market?
Increased number of patients seeking health insurance will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, Asia, and ROW are the key regions featured in this research report.
- Which is the leading geographic region for this market:
43% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are CGI Inc., Conduent Inc., Cotiviti Inc., ExlService Holdings Inc., HCL Technologies Ltd., International Business Machines Corp., SAS Institute Inc., Thomson Reuters Corp., UnitedHealth Group, and Wipro Ltd.
- What are the market segments covered in this report?
The market is segmented by Type (descriptive analytics, predictive analytics, and prescriptive analytics) and Geography (North America, Europe, Asia, and ROW)