Healthcare Claims Management Market Size, 2021: Business Development Plans and Strategies, CAGR and Revenue Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Healthcare Claims Management 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 Healthcare Claims Management Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Healthcare Claims Management Market was valued at USD 10.60 Billion in the year 2017. Global Healthcare Claims Management Market is further estimated to grow at a CAGR of 6% from 2019 to reach USD 16.58 Billion by the year 2025. The North American and European industries hold a significant share in the global Market, owing to the increased use of software and hardware for processing claims and presence of top insurance companies in these regions. North America accounted for a four-ninths share of the global Market in 2017 and is expected to maintain this lead throughout the forecast period.

The global healthcare claims management solutions Market is segmented based on type, deployment mode, and geography. Based on the type, the Market is segmented into software, hardware, and services. In 2017, the software segment accounted for the largest share in the global Market, owing to the technological advancements in software and increased use of software for accurate and faster processing of claims.

Major market players in Healthcare Claims Management Market are Cerner Corp., Eclinicalworks, Athenahealth, Mckesson Corp., GE Healthcare, DST Systems, Nthrive, Cognizant Technology Solutions, Allscripts Healthcare Solutions, Optum Inc., and other 10 more companies brief information is provided in the report.

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SWOT analysis of Healthcare Claims Management Market:

Rapidly increasing aging population and subsequent rise in the number of chronic diseases
Increase in awareness for care provision

High Cost of Deployment

Emerging Countries
Cloud-Based Solutions

Integration of Claim Management Solutions

Based on deployment mode, the Market is segmented into a web-based model, cloud-based model, and on-site deployment mode. The web-based deployment segment holds the largest share of the global Market, as it covers a vast array of claims business systems that help in saving both time and money.

Healthcare Claims Management Market Segmentation:
By Deployment Mode

*Cloud Based
*On-Premise Based

By Components

By Region

North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

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Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

About Kenneth Research

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