Healthcare Fraud Detection market is expected to grow from USD 9.06 billion in 2019 to USD 37.04 billion by 2026 at a CAGR of 26.06% from 2020 to 2026.
Health care fraud is defined as criminal deception intended to end in gain during drug manufacturing, quality of the merchandise, practice, and insurance. Health care fraud practice involves healthcare plans of the government, defrauding insurance firm, company and consumer party, etc. Healthcare fraud is difficult to detect and is usually go unnoticed; therefore, detection of such fraudulent claims is important, as they rise the burden on society. The utilization of a fraud detection solution enables healthcare firms in accounting, and auditing by predictive data methodologies. Careful account auditing can reveal suspicious providers and policyholders and detect potential fraudulent cases before it occurs. A large number of fraudulent activities in healthcare, a rising number of patients opting for insurance, prepayment review model, increasing pressure of fraud, and abuse on healthcare spending is predicted to drive the expansion of the market. Moreover, rising adoption of cloud-based analytics, the emergence of social media, and its impact on the healthcare industry, AI (AI) in healthcare fraud detection is predicted to supply an opportunity for the expansion of the market during the forecast period. The global market is segregated on the basis of Model as On-premise Delivery and On-demand Delivery. Based on Type the global market is segmented in Predictive Analytics, Prescriptive Analytics, and Descriptive Analytics. Based on Component the global market is segmented in Software and Services.
The global market report provides geographical analysis covering regions, such as The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Verscend Technologies, Inc, Fair Isaac Corporation, SAS Institute Inc, SCIOInspire, Corp, Wipro Limited, IBM, Conduent, Inc, HCL Technologies Limited, CGI Group Inc, McKesson Corporation, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Healthcare Fraud Detection market has been segmented as below:
By Model
By Type
By Component
By Region
By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers the analysis of regional and country-level market dynamics. The scope also covers a competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. Major industry players with significant revenue share include Verscend Technologies, Inc, Fair Isaac Corporation, SAS Institute Inc, SCIOInspire, Corp, Wipro Limited, IBM, Conduent, Inc, HCL Technologies Limited, CGI Group Inc, McKesson Corporation, and others.
Why Buy this Report:
Target Audience:
The report targeted the existing players in the industry is as follows:
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Report Content
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5.1 Introduction
5.2 On-premise Delivery
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 On-demand Delivery
5.3.1 Market Overview
5.3.2 Market Size and Forecast
6.1 Introduction
6.2 Predictive Analytics
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Prescriptive Analytics
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Descriptive Analytics
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7.1 Introduction
7.2 Software
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Services
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8.1 Introduction
8.2 Europe
8.2.1 Europe Market, By Model
8.2.2 Europe Market, By Type
8.2.3 Europe Market, By Component
8.3 North America
8.3.1 North America Market, By Model
8.3.2 North America Market, By Type
8.3.3 North America Market, By Component
8.4 Asia Pacific
8.4.1 Asia Pacific Market, By Model
8.4.2 Asia Pacific Market, By Type
8.4.3 Asia Pacific Market, By Component
8.5 Rest of The World
8.5.1 Rest of The World Market, By Model
8.5.2 Rest of The World Market, By Type
8.5.3 Rest of The World Market, By Component
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
(Overview, Key Financials, Recent Developments, Product and Service Offering)
The global Healthcare Fraud Detection market has been segmented as below:
By Model
By Type
By Component
By Region
By Company