Unlock What Growth Healthcare Fraud Detection Market May See in Future; Participants Still Eyeing Growth in Market

Healthcare Fraud Detection Market Latest Edition Published with Forecast to 2030
The article cited AMA's Global Healthcare Fraud Detection Market Study explored substantial growth with CAGR of %. According the report, Increasing use of data mining and machine learning techniques to detect fraud. is one of the primary growth factors for the market. Increasing number of patients seeking health insurance is also expected to contribute significantly to the Healthcare Fraud Detection market. Overall, Insurance Claims Review applications of Healthcare Fraud Detection, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as IBM (United States), Optum (United States), HCL Technologies Limited (India), CGI Group Inc. (Canada), RELX Group plc (United Kingdom), Wipro Limited (India), SAS (US), McKesson (United States), SCIO (United Stats) and Verscend (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Components, such as Service, is boosting the Healthcare Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End Users, such as Private Insurance Payers, is boosting the Healthcare Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Delivery Mode, such as On-Premises Delivery Models, is boosting the Healthcare Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Healthcare Fraud Detection market identified that the demand is rising in many different parts of the world as "Machine learning (ML) and artificial intelligence (AI) techniques to look at claims data and find fraudulent activity. ". Furthermore, some recent industry insights like "In June 2023, Verisk Launches Next Generation of Insurance Fraud Analytics in Israel with Kyndryl Technology. The new solution leverages Kyndryl’s powerful computing resources and Verisk’s deep domain expertise to quickly analyze new auto claims for bodily injury (compulsory insurance in Israel) and detect indications of fraud. Insurance fraud in Israel costs insurers hundreds of millions of New Israeli Shekel (NIS) per year, resulting in higher premiums for policyholders." is constantly making the industry dynamic. One of the challenges that industry facing is "High cost of healthcare fraud detection technologies"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Healthcare Fraud Detection market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Healthcare Fraud Detection market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Healthcare Fraud Detection market tight?
• Which application/end-user category or Product Type [Descriptive Analytics, Predictive Analytics and Prescriptive Analytics] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Healthcare Fraud Detection market and other related sub-markets covered in the study.

o Key & emerging players in the Healthcare Fraud Detection market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Healthcare Fraud Detection market size is calculated using market estimation process, the Healthcare Fraud Detection market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Healthcare Fraud Detection market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager