Healthcare Fraud Detection Market Report: Trends, Forecast and Competitive Analysis to 2030

Healthcare Fraud Detection Market Report: Trends, Forecast and Competitive Analysis to 2030

Healthcare Fraud Detection Trends and Forecast

The future of the global healthcare fraud detection market looks promising with opportunities in the review of insurance claim and payment integrity markets. The global healthcare fraud detection market is expected to reach an estimated $8.7 billion by 2030 with a CAGR of 26.5% from 2024 to 2030. The major drivers for this market are escalating healthcare costs, increase in the count of patients choosing health insurance, and rising incidents of fraud in the healthcare industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Healthcare Fraud Detection by Segment

The study includes a forecast for the global healthcare fraud detection by type, application, end use, and region.

Healthcare Fraud Detection Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics

Healthcare Fraud Detection Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Review of Insurance Claims
• Payment Integrity

Healthcare Fraud Detection Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Private Insurance Payers
• Government Agencies
• Others

Healthcare Fraud Detection Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Healthcare Fraud Detection Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies healthcare fraud detection companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the healthcare fraud detection companies profiled in this report include-

• CGI
• DXC Technology Company
• International Business Machines
• Mckesson
• ExlService Holdings

Healthcare Fraud Detection Market Insights

Lucintel forecasts that descriptive analytic will remain the largest segment over the forecast period due to its widespread adoption and ease of use.

Within this market, insurance claim review will remain the larger segment due to instances of medical fraud are detected within healthcare insurance.

North America will remain the largest region over the forecast period due to rapid utilization of novel analytical methods and software and increasing spending on healthcare analytics services in the region.

Features of the Global Healthcare Fraud Detection Market

Market Size Estimates: Healthcare fraud detection market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Healthcare fraud detection market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Healthcare fraud detection market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the healthcare fraud detection market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the healthcare fraud detection market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the healthcare fraud detection market size?

Answer: The global healthcare fraud detection market is expected to reach an estimated $8.7 billion by 2030.

Q2. What is the growth forecast for healthcare fraud detection market?

Answer: The global healthcare fraud detection market is expected to grow with a CAGR of 26.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the healthcare fraud detection market?

Answer: The major drivers for this market are escalating healthcare costs, increase in the count of patients choosing health insurance, and rising incidents of fraud in the healthcare industry.

Q4. What are the major segments for healthcare fraud detection market?

Answer: The future of the healthcare fraud detection market looks promising with opportunities in the review of insurance claim and payment integrity markets.

Q5. Who are the key healthcare fraud detection market companies?

Answer: Some of the key healthcare fraud detection companies are as follows:

• CGI
• DXC Technology Company
• International Business Machines
• Mckesson
• ExlService Holdings

Q6. Which healthcare fraud detection market segment will be the largest in future?

Answer: Lucintel forecasts that descriptive analytic will remain the largest segment over the forecast period due to its widespread adoption and ease of use.

Q7. In healthcare fraud detection market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rapid utilization of novel analytical methods and software and increasing spending on healthcare analytics services in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the healthcare fraud detection market by type (descriptive analytics, predictive analytics, and prescriptive analytics), application (review of insurance claims and payment integrity), end use (private insurance payers, government agencies, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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