Healthcare Fraud Analytics Market to Reach $6.65 Billion by 2027 by Size, Share, Growth and Key Players Analysis

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Growing number of health insurance fraud incidents across the world and growing health insurance industry

Market Size – USD 1.02 billion in 2019, Market Growth – at a CAGR of 27.8%, Market Trends – Rising government spending on healthcare for fraud prevention.

— Emerging research

VANCOUVER, BC, CANADA, Sept. 22, 2022 /EINPresswire.com/ — The global healthcare fraud analytics market is expected to reach a value of USD 6.65 billion by 2027. During the forecasted period, the global healthcare fraud analytics market is expected to grow significantly. The global increase in incidences of health insurance fraud is responsible for a large portion of the market growth. The healthcare fraud analytics market is also expected to be driven by the growth of the health insurance industry over the forecast period. The global market is also expected to benefit from increased government spending in the healthcare ecosystem to stop fraudulent activities throughout the projected period.

On the other hand, the inability of companies to utilize healthcare fraud analytics in the near future is expected to hamper the growth of the global healthcare fraud analytics market.

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The Healthcare Fraud Analytics Market research report added by Emergen Research to its expanding repository is a comprehensive document containing insightful data on the Healthcare Fraud Analytics market and its key elements. The report is formulated from extensive primary and secondary research and is organized to provide readers and businesses with a competitive edge over other industry players. The report sheds light on the finest details of the Healthcare Fraud Analytics industry regarding growth factors, opportunities and lucrative business prospects, regions showing promising growth and forecast estimates till 2027. The report evaluates historical data and the current scenario to offer accurate estimations for the Healthcare Fraud Analytics market in the coming years.

Report Highlights

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

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

During the forecast period, the insurance claims segment is expected to dominate the market. The segment is expected to be driven by an increase in the number of people requiring medical insurance, an increase in the incidence of fraud claims, and an increase in the adoption of the assess-before-payment process.

The predictive segment is expected to dominate the market, growing at a CAGR of 28.0% during the forecast period. Predictive analysis identifies potential fraudulent patterns and then generates a large number of complaints.

North America is expected to dominate the global market throughout the forecast period. The growing number of people seeking health insurance, the growing number of medical insurance fraud incidents, the growing government efforts to combat fraud, the growing need to reduce health care costs , advancements in technology and increased availability of products and facilities are factors responsible for the dominance of the region. in the world market.

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Emergen Research has segmented the global healthcare fraud analytics market based on deployment, application, solution, and region.

Deployment Outlook (Revenue, USD Billion; 2017-2027)

Cloud-based

On the site

Application Outlook (Revenue, USD Billion; 2017-2027)

Payment Integrity

Insurance claim

Solution Outlook (Revenue, USD Billion; 2017-2027)

Predictive analytics

Descriptive analysis

Prescriptive Analytics

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

WE

Canada

Mexico

Europe

Germany

UK

France

BENELUX

The rest of Europe

Asia Pacific

China

Japan

South Korea

India

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

Rest of MEA

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Competitive outlook:

The global healthcare fraud analytics market is highly consolidated owing to the presence of a large number of companies in this industry. These companies are known to invest heavily in research and development projects. Moreover, they control a considerable portion of the overall market share, thus limiting the entry of new players into the industry. The Global Healthcare Fraud Analytics Market report studies the cautious tactics undertaken by the major market players, such as partnerships and collaborations, mergers and acquisitions, new product launches, and joint ventures.

Main actors involved:

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)

Key questions answered by the report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements in the market?

What are the key strategies adopted by the leading players in the Healthcare Fraud Analytics market?

What are the major product types and applications of Healthcare Fraud Analytics industry?

What is the result of the SWOT analysis and Porter’s five forces analysis?

How is the Competitive Landscape of the Healthcare Fraud Analytics Market?

Who are the key industry players?

What is the growth rate of the industry in the coming years?

What will be the valuation of the Healthcare Fraud Analytics market by 2027?

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