The Global Medical Billing Market is expected to grow at a CAGR of 6.5% during forecasted period 2017-2023.
- Accenture (US),
- TCS (India),
- GS Health (India),
- Cognizant Technology Solutions (US),
- GeBBS Healthcare (US),
- Genpact (US),
- HCL Technologies (India),
- INFINIT Healthcare,
- Medusind (India)
The worldwide Medical Billing Market is developing with the sound tempo. Consistent with a current take a look at report posted through the marketplace studies destiny, the worldwide scientific billing market is booming and predicted to advantage prominence over the forecast length and is projected to grow a valid pace. The market is projected to illustrate a valid growth via 2027, surpassing its previous boom statistics in phrases of cost with a sound CAGR for the duration of the anticipated duration (2017-2027).
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Medical billing is payment practice which involves receiving payments, submitting bills and following up for payments. Factors that influence the growth of medical billing are, increasing expenditure in healthcare, increasing use of internet, increased need for risk and compliance management, increasing digitalization in healthcare industry and many more. Increasing use of Information technology in maximum sectors will also boost the growth of this market.
Increasing patient population due to various diseases, payment process involved in medical billing will be more efficient which in turn will boost the growth of the market and medical billing improves cash flow resulting increase in the growth of the market. On the other hand, privacy concerns are the major factor which may hinder the growth of the market.
On regional basis, the market is segmented into America, Europe, Asia Pacific and Middle East & Africa. America commands the largest market due to extensive growth of the information technology industry. Increasing industrialization and increase in healthcare industry, are factors driving the growth of the market. Europe is the second largest market for medical billing market followed by Asia Pacific. Owing to the availability of funds for research and development activities and growing emphasis on transparent billing methods. Asia Pacific shows the fastest growth in this market due to an increase in prevalence of communicable diseases resulting increase in patient population.
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Particularly, India and China are expected to be emerging and the fastest growing market. Middle East & Africa has the lowest market for medical billing due to lack of technical knowledge and poor medical facilities.
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
LIST OF TABLES
Table 1 Medical Billing Industry Synopsis, 2017–2023
Table 2 Global Medical Billing Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Global Medical Billing Market, by Region, 2017–2023, (USD Million)
Table 4 Global Medical Billing Market, by Type, 2017–2023, (USD Million)
Table 5 Global Medical Billing Market, by Application, 2017–2023, (USD Million)
Table 6 Global Medical Billing Market, by Process, 2017–2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Medical Billing Market
Figure 3 Segmentation Market Dynamics for Medical Billing Market
Figure 4 Global Medical Billing Market Share, by Type 2016
Figure 5 Global Medical Billing Market Share, by Application 2016
Figure 6 Global Medical Billing Market Share, by Process, 2016
Figure 7 Global Medical Billing Market Share, by Region, 2016
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