MEDICAL BILLING MARKET 2020-2027 Industry Survey, Growth, Competitive Landscape and Forecasts to 2027
REQUEST SAMPLE
VIEW REPORTS
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
MEDICAL BILLING MARKET 2020-2027 Medical Billing Market Global Growth Insights, Trends, Share Analysis Global Medical Billing Market - Overview The Global Medical Billing Market is growing with the sound pace. According to a recent study report published by the Market Research Future, the Global Medical Billing Market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2027, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2027). Medical sector is continuously evolving sector. New technologies like information technology are being continuously being exploited for the ease in workflow. All these provided favorable backgrounds for the market growth. Factors such as increasing healthcare expenditure, rising use of the internet, growing need for risk and compliance management followed by the increasing digitalization in healthcare industry, and others are driving the market growth. Moreover, increasing patient population due to various diseases fuels the global medical billing market. However, privacy concerns are the major factor which may hinder the growth of the market. 2
www.marketresearchfuture.com
MEDICAL BILLING MARKET 2020-2027
Global Medical Billing Market - Competitive Analysis Accenture (US), TCS (India), AGS Health (India), Cognizant Technology
Solutions (US), GeBBS
Healthcare (US), Genpact (US), HCL Technologies (India), Medusind (India), and others are some of the prominent players at the forefront of competition in the Global Medical Billing Market and are profiled in MRFR Analysis. Characterized by the presence of several well-established and small players, the global market of medical billing appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them,
especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
3
www.marketresearchfuture.com
MEDICAL BILLING MARKET 2020-2027 Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. In January, 2018- Accenture entered into an agreement to acquire Germany-based Mackevision, a leading global producer of 3D-enabled and immersive product content. The acquisition will add state-ofthe-art visualization capabilities to Accenture Interactive digital services portfolio – strengthening its ability to create compelling, next-generation customer experiences and industrial, extended reality applications. However, financial terms of the transaction are not disclosed. In July- 2016- Cognizant acquired Idea Couture, a privately-held firm that offers a broad range of digital innovation, strategy, design and technology services. However, the terms of the transaction were not disclosed. In September, 2017- Genpact, a global professional services firm focused on delivering digital transformation for clients, acquired TandemSeven, a Boston-headquartered company that delivers customer and digital experience innovation consulting using design thinking at its core. TandemSeven’s ability to design better customer experiences complements Genpact’s digital capability aimed at transforming business processes end-to-end. Terms of the deal were not disclosed
Request Free Sample Report 4
@https://www.marketresearchfuture.com/sample_request/1023 www.marketresearchfuture.com
MEDICAL BILLING MARKET 2020-2027
Segmentation Global medical billing is segmented by its type, by applications and by process. On the basis of type, it is segmented into professional billing and institutional billing. On the basis of applications, it is segmented into database management, financial, infrastructure, operational. And on the basis of process, it is segmented into electronic billing, payment and medical billing services
Intended Audience •Research and Development (R&D) Companies •Government and Independent Research Laboratories
•Manufacturers and suppliers in billing devices •Government and Independent Regulatory Authorities •Academic Medical Institutes and Universities
5
www.marketresearchfuture.com
MEDICAL BILLING MARKET 2020-2027 Global Medical Billing Market - Regional analysis The Global Medical Billing Market is segmented on the basis of regions, into North America, Europe, Asia-Pacific, and the Middle East & Africa. North America accounts for the largest market share of the Global Medical Billing Market by region in 2016. High per capita healthcare expenditures followed by increasing global burden of the diseases and presence of the developed healthcare sector are the major drivers for the market growth during the forecast period. Following the similar trends, Europe holds the second largest market. Asia pacific is estimated to be the fastest growing region in the presence of the developing economies like India and China. Moreover, rapidly growing information technology fuels the market within the region. However, the Middle East and Africa region holds the least share of the global market, especially due to the presence of the poor economies and stringent government policies within the African region. In the Middle East & African region, the Middle East holds the largest market share.
Get full report @https://www.marketresearchfuture.com/reports/medical-billingmarket-1023 6
www.marketresearchfuture.com
ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at
[email protected]
Copyright © 2018 Market Research Future
All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.
7
www.marketresearchfuture.com
THANK YOU
MARKET RESEARCH FUTURE
[email protected] Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)
8
www.marketresearchfuture.com
