Global Healthcare Fraud Detection Market is expected to reach USD XX Million by 2026 from USD 801.26 Million in 2019 at CAGR of XX %. (Detailed analysis of the market CAGR is provided in the report).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Healthcare Fraud Detection Market
Global Healthcare Fraud Detection Market is segmented by type, delivery mode, component, application, end user, and geography. Software segment is expected to register the highest growth in the forecast period. An increasing need for fraud analytics services and the introduction of technologically advanced healthcare fraud detection software will fuel the software segment growth. Delivery mode segment is classified as the cloud-based solution and on-premises solution. On-Premises sub-segment is estimated to hold the largest market share in the forecast period. On-Premises requires lack of upfront capital investments for hardware, also provides higher flexibility, and the pay-as-you-go pricing of this model will result in increasing share of on-Premises market. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Growing pressure of fraud, waste, and abuse on healthcare spending is trending the overall Global Healthcare Fraud Detection market. Reluctance to adopt healthcare fraud analytics in developing countries may hamper market growth. North America is going to emerge as one of the higher growth regions in the forecast period followed by Europe and APAC. Increasing cases of healthcare fraud, favorable government initiatives to combat healthcare fraud will fuel the Healthcare Fraud Detection Market in the North America region.
Key Highlights:
- Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for Global Healthcare Fraud Detection Market during the forecast period
- Complete quantitative analysis of the industry from 2018 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
- In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
- Global Healthcare Fraud Detection Market analysis and comprehensive segmentation with respect to the type, delivery mode, component, application, end user, and geography to assist in strategic business planning
- Global Healthcare Fraud Detection Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions.
Research Methodology:
Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Global Healthcare Fraud Detection Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Healthcare Fraud Detection Market globally.
Key Players in the Global Healthcare Fraud Detection Market Are:
- Lexinexis (A Part of Relx Group)
- Pondera Solutions
- Northrop Grumman
- DXC Technology
- CGI Group
- HCL Technologies
- Conduent
- Wipro
- Scio Health Analytics
- SAS Institute
- Fair Isaac (Fico)
- Mckesson
- Verscend Technologies
- Optum (A Part of Unitedhealth Group)
- IBM
Key Target Audience:
- Venture Capitalists, Private Equity Firms, And Startup Companies
- Healthcare IT firms
- Business research and consulting firms
- Healthcare fraud detection service providers
- Healthcare payers
- Healthcare analytics vendors
- Government Bodies And Healthcare Associations/Institutions
Scope of the Report:
Research report categorizes the Global Healthcare Fraud Detection Market based on type, delivery mode, component, application, end user, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Healthcare Fraud Detection Market with key developments in companies and market trends.
Global Healthcare Fraud Detection Market, By Delivery Mode:
- Cloud-Based Solutions
- On-Premises Solutions
Global Healthcare Fraud Detection Market, By Types:
- Descriptive Analytics
- Predictive Analytics
- Prescriptive Analytics
Global Healthcare Fraud Detection Market, By Component:
- Software
- Services
Global Healthcare Fraud Detection Market, By Application:
- Insurance claims review
- Payment integrity
- Other applications
Global Healthcare Fraud Detection Market, By End User:
- Private insurance payers
- Public/government agencies
- Employers
- Third party service providers
Global Healthcare Fraud Detection Market, By Geography:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
For More Information Vist: https://www.maximizemarketresearch.com/market-report/global-healthcare-fraud-detection-market/3398/
Report Is Submitted By : Maximize Market Research Company
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et Research:
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The global Healthcare Fraud Detection Market is expected to reach USD 2,242.7 Million by 2022 from USD 631.0 Million in 2017, at a CAGR of 28.9%.
The Research report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Healthcare Fraud Detection Market, along with revenue estimates & forecasts and market share analysis.The growth of the market is attributed to a large number of fraudulent activities in healthcare; increasing number of patients seeking health insurance; the prepayment review model; growing pressure of fraud, waste, and abuse on healthcare spending; and high returns on investment.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221837663 Healthcare Fraud Detection Market segmentation: Based on Type Based on Component Based on Delivery Model Based on Application Based on End Users Based on RegionsThe Major Players Opearting in the Healthcare Fraud Detection Market:Key players in the Healthcare Fraud Detection Market include IBM (US), Optum (US), SAS (US), McKesson (US), SCIO (US), Verscend (US), Wipro (India), Conduent (US), HCL (India), CGI (Canada), DXC (US), Northrop Grumman (US), LexisNexis (US), and Pondera (US).IBM was the leading player in the global Healthcare Fraud Detection Market.
The company has a strong presence in North America, Europe, Asia, and Latin America.The company has a strong presence in the commercial and government healthcare payer markets.
Moreover, it has a strong sales and distribution network in more than 175 countries.
IBM invests heavily in research activities to continuously improve its product portfolio.The company focuses on inorganic strategies like acquisitions and partnerships.
For instance, in April 2016, IBM acquired Truven (US), a provider of cloud-based healthcare data, analytics, and insights.
Global Healthcare Fraud Detection Market: Information by Type (Descriptive Analytics, Predictive Analytics and Prescriptive Analytics), by Component (Services and Software), by Delivery Model (On-Premise and Cloud-Based), by Application (Insurance Claims Review and Payment Integrity), by End User (Private Insurance Payers, Public/Government Agencies and Third Party Service Providers) and by Region (North America, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2024Healthcare Fraud Detection Market OverviewMarket Research Future (MRFR) has launched a new report on the Global Healthcare Fraud Detection Market is expected to register a CAGR of 28.83% to reach USD 3,787.68 Million by 2024.The problem of fraudulent claims is intensifying in the healthcare sector and is a burden to society.
Healthcare fraud detection generally involves account auditing and detective investigation for fraudulent activities.
Such fraudulent activities are detected by using statistical, analytical, deep learning, and predictive modeling methods.
The healthcare sector is witnessing more payment breaches than ever before due to which the adoption of healthcare fraud detection solutions has gained enormous importance.
Misinterpretation, as well as intentional deceit in facts related to payments, have given rise to the need for robust fraud detection systems.
As greater number of patients are seeking healthcare insurance, the chance of healthcare fraudulent activities are also increasing manifold.On the other hand, despite various benefits aligned with fraud detection solutions, their implementation is restricted by time-consuming deployment process and the need for frequent software upgrades.Healthcare Fraud Detection Market SegmentationThe healthcare fraud detection market has been segmented based on component, delivery model, type, application, end-user.By component, the healthcare fraud detection market has been segmented into services and software.By delivery model, the healthcare fraud detection market has been segmented into on-premise delivery models and on-demand delivery models.By type, the healthcare fraud detection market has been segmented into descriptive analytics, predictive analytics, and prescriptive analytics.
The Global Fraud Detection And Prevention Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on solution, service, application, end user and vertical.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Fraud Detection And Prevention Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/10233-fraud-detection-and-prevention-market-reportThe report also covers the complete competitive landscape of the global Fraud Detection And Prevention market with company profiles of key players such as:ACI Worldwide Inc.BAE Systems Inc.Computer Sciences Corporation (CSC)Fair Isaac Corporation (FICO)Fiserv Inc.IBM CorporationOracle Corporation.SAP SESAS Institute Inc.ThreatmetrixA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Solution:Fraud AnalyticsPredictive AnalyticsCustomer AnalyticsSocial Media AnalyticsBig Data AnalyticsBehavioral AnalyticsAuthenticationSingle-Factor Authentication (SFA)Multifactor Authentication (MFA)By Service:Professional ServiceManaged ServiceBy Applications:Insurance ClaimsMoney LaunderingElectronic PaymentOthersBy End User:Small and Medium Enterprises (SMEs)Large EnterprisesBy Vertical:BFSIRetailTelecommunicationGovernment/Public SectorHealthcareReal EstateEnergy & PowerManufacturingTravel & TransportationMedia & EntertainmentOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Fraud Detection And Prevention Market @ https://www.decisiondatabases.com/contact/download-sample-10233The Global Fraud Detection And Prevention Market has been exhibited in detail in the following chapters –Chapter 1 Fraud Detection And Prevention Market PrefaceChapter 2 Executive SummaryChapter 3 Fraud Detection And Prevention Industry AnalysisChapter 4 Fraud Detection And Prevention Market Value Chain AnalysisChapter 5 Fraud Detection And Prevention Market Analysis By SolutionChapter 6 Fraud Detection And Prevention Market Analysis By ServiceChapter 7 Fraud Detection And Prevention Market Analysis By ApplicationsChapter 8 Fraud Detection And Prevention Market Analysis By End UserChapter 9 Fraud Detection And Prevention Market Analysis By VerticalChapter 10 Fraud Detection And Prevention Market Analysis By GeographyChapter 11 Competitive Landscape Of Fraud Detection And Prevention CompaniesChapter 12 Company Profiles Of Fraud Detection And Prevention IndustryPurchase the complete Global Fraud Detection And Prevention Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-10233Other Reports by DecisionDatabases.com:Global Threat Detection Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Chemical Detection Technology Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Fall Detection System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
