Escalating incidences of fraudulent cases in healthcare insurance worldwide and the rapid development of the insurance industry due to the advent of fraud analytics is bolstering the market growth. Market Size – USD 1.02 Billion in 2019, Market Growth – CAGR of 27.8%,
The Global Healthcare Fraud Analytics Market is expected to be valued at USD 6.65 Billion in 2027 from USD 1.02 Billion in 2019, registering a CAGR of 27.8% through the forecast period. The market expansion can be ascribed to the escalating occurrences of fraudulent cases in the healthcare insurance policies worldwide. The expanding healthcare insurance industry and the growing number of people opting for healthcare insurance are further projected to boost the growth of the healthcare fraud analytics market. Moreover, the government’s increasing efforts to expand the healthcare budget for developing resilient fraud detecting solutions and reduce the frequency of fraudulent claims is projected to add traction to the market growth.
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However, certain elements such as high expenses associated with the implementation of fraud prevention solutions and facilities in the healthcare industry are projected to impede the market growth. Moreover, the inability and limited access to the implementation of advanced fraud analytics solutions are also projected to hamper the market expansion in the projected period.
Key Highlights from the Report:
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For the purpose of this report, Emergen Research has segmented the Global Healthcare Fraud Analytics Market on the basis of deployment, application, solution, and region:
Deployment Outlook (Revenue, USD Billion; 2017–2027)
Application Outlook (Revenue, USD Billion; 2017–2027)
Solution Outlook (Revenue, USD Billion; 2017–2027)
Regional Outlook (Revenue, USD Billion; 2017–2027)
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