5 Key Insights On The Healthcare Claims Management Solutions Market 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Healthcare Claims Management Solutions Global Market Report 2023, the healthcare claims management solutions market is expected to show significant growth in the forecast period.
Key insights from the healthcare claims management solutions market forecast include:
- Market Size
The global healthcare claims management solutions market is expected to grow from $14.04 billion in 2022 to $14.85 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The healthcare claims management solutions market size is expected to grow to $18.71 billion in 2027 at a CAGR of 5.9%.
- Major Driver
The rapid increase in the ageing population is expected to propel the growth of the healthcare claims management solutions market going forward. For instance, according to the United Nations World Population Ageing 2020 report, a US-based intergovernmental organization, the world population aging in 2020 was about 727 million people aged over 65 years and expected to reach 1.5 billion in 2050. Throughout the world, there is an increased population of over-aged 65 years which stood at 9.3% in 2020 and is expected to reach 16.0% by 2050. Therefore, a rapid increase in the ageing population is driving the healthcare claims management market.
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- Key Trend
Advancements in technology for innovative treatments in healthcare are the key trend gaining popularity in the healthcare claims management solutions market. Major companies operating in the healthcare claims management solutions market are coming up with new technologies to provide innovative treatments for their customers and to sustain their position in the market. For instance, in January 2022, Treatment.com International Inc., a US-based healthcare software solutions provider including healthcare claims management launched their doctor-built digital health app named the treatment digital health app. This app is a revolutionary digital health app that uses AI software technology which gives wide access to provide highly accurate insights about the users’ health. This provides diagnoses, and treatments customized for the user.
- Largest Region
North America was the largest region in the healthcare claim management solution market in 2022.
- Major Players
Major players in the healthcare claims management solutions market are Oracle Corporation, Allscripts Healthcare Solutions Inc., Quest Diagnostics, McKesson Corporation, eClinicalWorks LLC, The SSI Group LLC, GE Healthcare, Optum Inc., Cerner Corporation, Accenture plc, International Business Machines Corporation (IBM), CareCloud Inc., Genpact Limited, PLEXIS Healthcare Systems, and Avaya Inc.
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Key Healthcare Claims Management Solutions Market Segments
The global healthcare claims management solutions market is segmented –
1) By Type: Software, Services
2) By Deployment Mode: Web-Based, Cloud-Based, On-Premise
3) By End-User: Healthcare Payers, Healthcare Providers, Other End-Users
The Healthcare Claims Management Solutions Global Market Report 2023 provides an in-depth analysis on the healthcare claims management solutions market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the healthcare claims management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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