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. Market revenue growth is primarily driven by factors such as 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
In addition, growing number of fraud incidents associated with health insurance claims across the world is another factor driving revenue growth of the global healthcare fraud analytics market during the forecast period. Healthcare and medical insurance are also more susceptible to fraud, which is by its very nature secret and challenging to detect. According to European Healthcare Fraud and Corruption Network, percentage of healthcare fraud has been detected, which is rising annually.
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Market Overview:
The report bifurcates the Healthcare Fraud Analytics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Based on the types, the market is segmented into:
Deployment Type Outlook (Revenue, USD Million; 2019–2030)
- Cloud-based
- On premise
Application Outlook (Revenue, USD Million; 2019–2030)
- Insurance claim
- Payment integrity
- Others
Solution Outlook (Revenue, USD Million; 2019–2030)
· Prescriptive analytics
· Descriptive analytics
· Predictive analytics
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Regional Landscape section of the Healthcare Fraud Analytics report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- 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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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Healthcare Fraud Analytics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
· Ex-service Holdings, Inc.
· IBM Corporation
· Wipro Limited
· Claris Health
· DXC Technology Co.
· COTIVITI, INC.
· CGI Inc.
· ai.
· Brighter ion, Inc.
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