Digital Payment in Healthcare Market 2021|Global Industry Size, Statistics, Share, Growth Rate, Emerging Trends, Regional Analysis by Key Players | Research Report Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Digital Payment in Healthcare Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Digital Payment in Healthcare Market products.

Download Sample of This Strategic Report:-

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis

The global digital payment in healthcare market is expected to register a CAGR of 22.6% during the forecast period to reach USD 9.62 Billion by 2024.Digital payment solutions in healthcare offer an online payment platform that connects consumers, providers, and payers for every healthcare payment transaction. These solutions are available as on-premise as well as on the cloud. The payer and payee use electronic modes to send and receive money. The payment is carried out via digital wallets, digital currencies, net banking, bank cards, and contact and contactless payment methods.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:-

The major factors contributing to the market growth are growing digital transformation in the healthcare vertical and increasing digital payments in the health insurance sector. The growing adoption of smartphones and rapidly increasing internet penetration are also some of the factors aiding market growth. However, concerns regarding security and domination of paper-based billing are expected to restrain the market growth during the forecast period. The demand for fast and hassle-free transaction services offer a lucrative opportunity to players in the global digital payment in healthcare market.


The global digital payment in healthcare market has been segmented based on component, deployment mode, organization size, vertical, and region/country.By component, the global digital payment in healthcare market has been divided into solutions and services.Based on deployment mode, the global digital payment in healthcare market has been classified as on-premise and cloud.

The organization size segments of the global digital payment in healthcare market are small and medium-sized enterprises (SMEs) and large enterprises.The global digital payment in healthcare market has been analyzed for four regions—North America, Europe, Asia-Pacific, and the rest of the world.

Competitive Analysis

There are a number of vendors from the US and Europe in the global digital payment in healthcare market. These players are focusing on expanding their customer base across the world by adopting various organic and inorganic growth strategies. For instance, in September 2017, Fiserv, Inc. (US) acquired Monitise, a major mobile payments software and solutions provider in the UK.

Key Players

The key players in the global digital payment in healthcare market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Aurus Inc. (US), Aliant Payments (US), Stripe (US), ACI Worldwide, Inc. (US), Global Payments Direct, Inc. (US), First Data Corporation (US), PayPal (US), Worldpay, LLC (UK), Wirecard AG (Germany), Fiserv, Inc. (US), InstaMed (US), BillingTree (US), Change Healthcare (US), Elavon Inc. (US), and Zelis Payments (US). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and launch of solutions.

Download Sample of This Strategic Report:-

Regional Analysis

The global digital payment in healthcare market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.The market in North America is expected to hold the largest market share during the forecast period. Healthcare providers, health maintenance organizations (HMO), and other organizations in the healthcare vertical are transforming and becoming more inclined toward being digitalized. This is the primary driving factor for the high adoption rate of digital payment methods in the healthcare industry in North America. The market in Europe is expected to be the second-largest during the review period due to the increasing demand for fast and hassle-free transaction services and the establishment of digital payment methods in healthcare software start-ups.

The market in Asia-Pacific is expected to be the fastest-growing during the assessment period as demand in the region is projected to rise more than the global CAGR of 22.6%. Developing countries such as India and China are driving the growth of the digital payment in healthcare market with unceasing demand with rapidly growing internet penetration as well as significant increase in the number of smartphones. The market in the rest of the world offers numerous opportunities to vendors as the majority of the countries in the region are yet to adopt digital payment in healthcare solutions.

Request For Full Report-

Intended Audience

Healthcare providers

Health insurance providers

Healthcare IT vendors

Cloud services providers

Government organizations

Resellers and distributors

Investors and venture capitalists

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research
Phone: +1 313 462 0609

Critical Infrastructure Protection Market
Payment Security Market
Cybersecurity Market
Industrial Control Systems Security Market
Next-Generation Firewall Market
Sandboxing Market
Stem Cell Banking Market
Sterile Filtration Market
Tangential Flow Filtration Market

Leave a Reply

Your email address will not be published. Required fields are marked *