Healthcare Claims Management Market Worth 13.93 Billion USD by 2023


Posted January 27, 2021 by mmvaidya

Base year considered for the report is 2017 and the forecast period is 2018–2023.
 
Major Growth Boosting Factors:

The key factors driving the growth of Healthcare Claims Management Market are increasing patient volumes, expanding health insurance market, growing importance of denials management, and declining reimbursement rates.

Expected Growth in Revenue:

The healthcare claims management market is expected to reach USD 13.93 billion by 2023 from an estimated USD 10.77 billion in 2018, at a CAGR of 5.3%.

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Objectives of the Study:

# To define, describe, segment, and forecast the healthcare claims management market by component, delivery mode, type, end user, and region.

# To provide detailed information about factors (drivers, restraints, opportunities, and challenges) influencing healthcare claims management market growth.

# To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.

# To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players

# To forecast the size of the healthcare claims management market segments with respect to North America, Europe, Asia, and the Rest of the World (RoW).

# To strategically analyze the market structure and profile the key players of the global healthcare claims management and comprehensively analyze their core competencies.

# To track and analyze competitive developments such as agreements, collaborations, and partnerships; product deployments, product launches, and enhancements; acquisitions; and expansions in the healthcare claims management market.

North America to dominate the market in 2018

North America is expected to account for the largest share of the healthcare claims management market in 2018, followed by Europe. The large share of North America can be attributed to the high and growing HCIT investments in the region and the presence of regulatory mandates favoring the implementation of healthcare claims management solutions. Also, several major global players are based in the US, owing to which the US has become a center for innovation in the healthcare claims management solutions market.

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Global Leaders:

The healthcare claims management market is rapidly emerging with many regional as well as international companies. Players in this market compete with each other to deploy claims management solutions which are of superior quality. In 2017, the healthcare claims management market was dominated by a few large players, namely, Cerner Corporation (US), McKesson Corporation (US), athenahealth (US), eClinicalWorks (US), Optum, Inc, (US), Conifer Health Solutions (US), and nThrive (US).

Product deployments, product launches, & approvals; acquisitions; and partnerships, agreements, and collaborations were the key strategies adopted by key players between 2015 and 2018. The players that adopted these strategies are Cerner Corporation (US), McKesson Corporation (US), athenahealth (US), eClinicalWorks (US), Optum, Inc, (US), Conifer Health Solutions (US), and nThrive (US).

Some of the other players competing in Healthcare Claims Management Market are DST Systems (US), Cognizant Technology Solutions (US), Allscripts Healthcare Solutions, Inc. (US), Context 4 Healthcare (US), Health Solutions Plus (US), GE Healthcare (US), RAM Technologies (US), Quest Diagnostics (US), The SSI Group (US), PLEXIS Healthcare Systems (US), and GeBBS Healthcare Solutions (US).

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Issued By Makarand Vaidya
Country United States
Categories Health , Industry , News
Tags healthcare claims management , healthcare claims management market
Last Updated January 27, 2021