Healthcare Fraud Analytics Market Future Growth, High Demand, Recent Trends, Industry Analysis, and Outlook 2027

September 3, 2021

This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. The study is a professional probe into the revenue generated and capacity estimates for the Healthcare Fraud Analytics Market for the forecast period 2020 – 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.

The global healthcare fraud analytics market size was USD 1.02 Billion in 2019 and is expected to reach USD 6.65 Billion by 2027, at a CAGR of 27.8% during the forecast period. The global healthcare fraud analytics market is anticipated to expand rapidly, owing to the growing number of individuals requiring medical insurance. The growing number of fraud incidents associated with health insurance claims across the world is expected to propel the global healthcare fraud analytics market during the forecast period. Growth of the healthcare insurance industry is another factor expected to augment the global market for healthcare fraud analytics in the near future.

The report is updated with the latest impact of the novel coronavirus pandemic on the market. The pandemic has drastically altered the market dynamics and trends and demands. It has also disrupted the supply chain and generated financial difficulties. The report covers the comprehensive effect of the pandemic on the industry and offers an initial and future impact assessment of the impact of the COVID-19 pandemic on the Healthcare Fraud Analytics Market business sphere.

Key Highlights of Report

In September 2020, DWS Ltd acquired HCL Technologies Limited. The acquisition would extend HCL Technologies’ offerings in New Zealand and Australia.

The on-premises segment is expected to lead the market during the forecast period. Solutions are offered in-house and in an on-premise scenario within an institution’s IT infrastructure. Management of these solutions and all relevant activities is the company’s responsibility.

During the forecast period, the insurance claims segment is anticipated to lead the market. The segment is expected to be driven by rise in the number of individuals requiring medical insurance, increase in the incidence of fraud claims, and increase in the adoption of the pre-payment assessment process.

The predictive segment is expected to lead the market, expanding at a CAGR of 28.0% during the forecast period. Predictive analytics identifies potential fraudulent patterns and then, generates a large number of claims.

North America is anticipated to lead the global market throughout the forecast period. The increasing number of people seeking health insurance, growing number of fraud incidents in medical insurance, rising government efforts to curb frauds, increasing need for reduced healthcare costs, technological advancements, and increased availability of products and facilities are factors responsible for dominance of the region in the global market.

Key market participants include Wipro Limited, DXC Technology Co, FraudScope, Inc., SAS Institute, Pondera Solutions, LLC, Conduent Inc., HCL Technologies Limited, ExlService Holdings, Inc., CGI Inc., and International Business Machines Corporation (IBM)

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Regional Landscape

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)

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parameters
Methodology and forecast parameters
Data Sources

Chapter 2: Executive Summary

Business trends
Regional trends
Product trends
End-use trends

Chapter 3: Industry Insights

Industry segmentation
Industry landscape
Vendor matrix
Technological and innovation landscape

Chapter 4: Regional Landscape

Chapter 5: Company Profile

Business Overview
Financial Data
Product Landscape
Strategic Outlook

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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