The global healthcare fraud analytics market is projected to reach value of USD 6.65 Billion by 2027, according to a current analysis by Emergen Research. The global market of healthcare fraud analytics is likely to expand significantly during the forecast period. Significant market growth is attributable to the growing number of fraud incidents in health insurance across the world. Predictive analytics identifies potential fraudulent patterns and then, generates a large number of claims. healthcare fraud analytics Market Size – USD 1.02 Billion in 2019, Market Growth – at a CAGR of 27.8%, Market Trends – Rise in government spending in the healthcare industry for fraud prevention. 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.
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Growing number of fraud incidents in health insurance across the world and the expanding industry for healthcare insurance are driving the healthcare fraud analytics market. This is the latest report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The report highlights the latest trends observed in the consumption pattern of each regional segment. 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.
COVID-19 Impact Analysis:
This report is the latest document encompassing the massive changes that took place in the Healthcare Fraud Analytics market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Healthcare Fraud Analytics market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and future impact assessment of the pandemic on the Healthcare Fraud Analytics industry. Hence, the vital COVID-19 insights offered by the report are expected to help organizations manage their businesses effectively in extreme economic uncertainties.
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)
Emergen Research has segmented the global healthcare fraud analytics market on the basis of deployment, application, solution, and region.
Application Outlook (Revenue, USD Billion; 2017–2027
Payment Integrity
Insurance Claim
Deployment Outlook (Revenue, USD Billion; 2017–2027)
Cloud-based
On-premises
Solution Outlook (Revenue, USD Billion; 2017–2027)
Predictive Analytics
Descriptive Analytics
Prescriptive Analytics
Regional Segmentation;
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)
Overview of the Healthcare Fraud Analytics Market Report:
Introduction, Product Scope, Market Overview, and Opportunities
Analysis of the Manufacturers with sales, revenue, and price analysis
Comprehensive analysis of the competitive landscape
Extensive profiling of the key competitors along with their business strategies and market size
Regional analysis of the market along with sales, revenue, market share, and global position
Strategic recommendations to established players as well as new entrants
In-depth analysis of the risks, restraints, and limitations in the Healthcare Fraud Analytics industry
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Key Objectives of the Report:
Analysis and estimation of the Healthcare Fraud Analytics market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Healthcare Fraud Analytics market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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