Healthcare Payer Services Market - Global Industry Analysis

Healthcare Payer Services Market By Service (BPO Services, ITO Services, and KPO Services), By Application (Claims Management Services, Integrated Front Office Service & Back Office Operations, Member Management Services, Provider Management Services, Billing & Accounts Management Services, Analytics & Fraud Management Services, and HR Services), By End-Use (Private Payers and Public Payers), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 05-Aug-2022 Category: Healthcare Report Format : PDF Pages: 206 Report Code: ZMR-5479 Status : Published

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Description

Industry Perspective:

The global healthcare payer services market size was worth USD 56.8 billion in 2021 and is estimated to grow to USD 87.7 billion by 2028, with a compound annual growth rate (CAGR) of approximately 7.50% over the forecast period. The report analyzes the healthcare payer services market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the healthcare payer services market.

Healthcare payer services Market: Overview

The vendors of healthcare payer services assist healthcare insurers, public & private payers, as well as members in managing claims, member engagement, audits, medical records, and customer relations. These companies have specialized divisions that enhance the performance of the entire healthcare system by optimizing care quality, cutting costs, enhancing patient satisfaction and care provider effectiveness, utilizing unique competencies in data & analytics, pharmacy care services, population health, healthcare delivery, and healthcare operations. Healthcare payer services providers assist their clients in increasing operational effectiveness and lowering operational costs by offering all these services. Healthcare insurance payers and providers employ a variety of outsourcing options to streamline their operations and provide better customer service. Outsourcing has become a feasible business strategy to reduce administrative, logistical, procurement & other obligations, and create cost-effective company operations. The rise in healthcare system costs and the desire to reduce wasteful expenditure are the main reasons driving the market growth for healthcare payer services. However, it is projected that the rise in data breaches, loss of confidentiality, and linguistic and cultural obstacles will restrain the market's expansion.

Key Insights

As per the analysis shared by our research analyst, the global healthcare payer services market value is expected to grow at a CAGR of 7.50% over the forecast period.
In terms of value, the global healthcare market size was valued at around USD 56.8 billion in 2021 and is projected to reach USD 87.7 billion by 2028.
The rise in healthcare system costs and the desire to reduce wasteful expenditure is the main reasons driving the growth of the global healthcare payer services market.
By service, the ITO category dominated the market in 2021.
By end-use, the private payers category dominated the market in 2021.
North America dominated the global healthcare payer services market in 2021.

COVID-19 Impact:

Due to the alarming increase in individuals being diagnosed with COVID-19, the recent COVID-19 pandemic has disturbed the healthcare systems of all the countries which are most severely impacted. It is anticipated that COVID-19's excessive burden on the healthcare system will result in significant losses in administrative operations. The payers in the market should expect assistance from outsourcing partners who have a history of increasing efficiency in claim operations, provider network management, medical document management, fraud control, and all other applications.

Healthcare Payer Services Market: Growth Drivers

Increase in insurance coverage among the population is likely to pave the way for market growth

The global population's rising insurance coverage is driving the demand for healthcare payer services. Due to favorable government policies, it is also projected that developing nations like India will see a rise in health insurance coverage. For instance, the FDI cap in insurance was raised from 49 to 74 % as part of the Union Budget of 2021, and state-owned general insurance businesses received an infusion of USD 413.13 million to help them become more financially stable. Additionally, the substantial losses from the rise in healthcare frauds enhance the demand for healthcare payer services, fueling the global market expansion. A noticeable increase in health insurance enrollment has been noted, which benefits the global healthcare payer services market's development.

Healthcare Payer Services Market: Restraints

The hidden cost of healthcare payer services may hamper the global market growth

The market's main obstacle is the unadvertised expenses of outsourcing healthcare payer services. Healthcare businesses might overestimate the amount of work done by BPO providers, which could lead to greater overall expenditures than anticipated. Additionally, if there are any issues between the healthcare provider and service provider, the likelihood of legal fees for using BPO services increases. Other factors include variations in the caliber of the work and excessive reliance on the provider of healthcare payer services.

Healthcare Payer Services Market: Challenges

Rising data security concerns are likely to limit the global market growth

Working with healthcare payer servicing firms greatly increases the danger of security breaches and data leaks. Extremely sensitive and legally protected information such as patient contact information, medical history, insurance plans, and illnesses can have a significant negative impact on demand. The healthcare provider could suffer significantly due to a breach or leak of this data because it would undermine patient confidence.

Healthcare payer services Market: Segmentation

The global healthcare payer services market is segregated on the basis of service, application, end-use, and region.

By service, the market is divided into BPO services, ITO services, and KPO services. Among these, the ITO services segment dominates the market and accounted for 51.1% of the overall revenue share in 2021. The primary growth factors include increased demand for novel and advanced technologies, more investment in AI technology, conveniently accessible information, and increased engagement in healthcare decisions.

By application, the market is divided into claims management services, integrated front office service & back office operations, member management services, provider management services, billing & accounts management services, analytics & fraud management services, and HR services. Over the forecast period, the claims management services segment is expected to grow significantly. It accounted for 29.9% of the overall revenue share in 2021. The presence of the Affordable Care Act (ACA) and rising overall healthcare spending are two critical factors influencing the number of people registered in the Centers for Medicare and Medicaid Services. The most data-intensive procedures are claims processing services, which account for most of the payer’s effort.

By end-use, the market is classified into private payers and public payers. The private payers segment dominates the market and accounts for 52.1% of the overall revenue share. This is due to expanding government assistance to encourage private investment in the healthcare sector and increased private investment in the healthcare payer vertical.

Recent Developments

In March 2022, the collection, aggregation, dissemination, and reporting of healthcare data became the focus of a new service from IMAT Systems, a pioneer in real-time healthcare data management and population health reporting solutions. Its new clustering and SaaS-based solutions, as well as the business's new Data Aggregator Validation (DAV) designation from the National Committee for Quality Assurance, will help payers, state-wide organizations, and Health Information Exchanges (HIEs) (NCQA).
In August 2020, Holy Cross Health and Oscar, a tech-based health insurance provider, jointly unveiled a Medicare Advantage Plan. With the help of the new plan, Oscar's highly tailored member experience may be combined with the broad physician network of Holy Cross Health and Memorial Healthcare System. A premier provider of healthcare services, Memorial Healthcare Systems and Holy Cross Health are institutions conducting research and education.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Healthcare payer services Market: Regional Landscape

Rising number of people signing up for health insurance likely to help North America dominate the global market

North America dominated the global healthcare payer services market in 2021 because significant businesses in the region provide healthcare payer services and a considerable need for healthcare payer solutions. Currently, the United States is the leading driver of healthcare payer services. This is due to the expanding number of people signing up for health insurance, and a useful reimbursement mechanism. High national healthcare spending will result in increased healthcare payer services and fuel market expansion.

Competitive Landscape

Some of the main competitors dominating the global healthcare payer services market include – Congziant, EXL, HGS Ltd., Accenture, Xerox Corporation, Concentric Corporation, HCL Technologies, Genpact, and WIPRO Ltd.

Global healthcare payer services market is segmented as follows:

By Service

BPO Services
ITO Services
KPO Services

By Application

Claims Management Services
Integrated Front Office Service and Back Office Operations
Member Management Services
Provider Management Services
Billing and Accounts Management Services
Analytics and Fraud Management Services
HR Services

By End-use

Private Payers
Public Payers

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
  - 1.3.1 Market Research Type
  - 1.3.2 Market research methodology
Chapter 2. Executive Summary
- 2.1 Global Healthcare Payer Services Market, (2022 - 2028) (USD Billion)
- 2.2 Global Healthcare Payer Services Market : snapshot
Chapter 3. Global Healthcare Payer Services Market - Industry Analysis
- 3.1 Healthcare Payer Services Market: Market Dynamics
- 3.2 Market Drivers
  - 3.2.1 Increase in insurance coverage among the population is likely to pave the way for market growth
- 3.3 Market Restraints
  - 3.3.1. The hidden cost of healthcare payer services may hamper the global market growth
- 3.4 Market Opportunities
- 3.5 Market Challenges
  - 3.5.1. Rising data security concerns are likely to limit the global market growth
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
  - 3.7.1 Market attractiveness analysis By Service
  - 3.7.2 Market attractiveness analysis By Application
  - 3.7.3 Market attractiveness analysis By End-use
Chapter 4. Global Healthcare Payer Services Market- Competitive Landscape
- 4.1 Company market share analysis
  - 4.1.1 Global Healthcare Payer Services Market: company market share, 2021
- 4.2 Strategic development
  - 4.2.1 Acquisitions & mergers
  - 4.2.2 New Product launches
  - 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
  - 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
Chapter 5. Global Healthcare Payer Services Market - Service Analysis
- 5.1 Global Healthcare Payer Services Market overview: By Service
  - 5.1.1 Global Healthcare Payer Services Market share, By Service, 2021 and 2028
- 5.2 BPO Services
  - 5.2.1 Global Healthcare Payer Services Market by BPO Services, 2022 - 2028 (USD Billion)
- 5.3 ITO Services
  - 5.3.1 Global Healthcare Payer Services Market by ITO Services, 2022 - 2028 (USD Billion)
- 5.4 KPO Services
  - 5.4.1 Global Healthcare Payer Services Market by KPO Services, 2022 - 2028 (USD Billion)
Chapter 6. Global Healthcare Payer Services Market - Application Analysis
- 6.1 Global Healthcare Payer Services Market overview: By Application
  - 6.1.1 Global Healthcare Payer Services Market share, By Application, 2021 and 2028
- 6.2 Claims Management Services
  - 6.2.1 Global Healthcare Payer Services Market by Claims Management Services, 2022 - 2028 (USD Billion)
- 6.3 Integrated Front Office Service and Back Office Operations
  - 6.3.1 Global Healthcare Payer Services Market by Integrated Front Office Service and Back Office Operations, 2022 - 2028 (USD Billion)
- 6.4 Member Management Services
  - 6.4.1 Global Healthcare Payer Services Market by Member Management Services, 2022 - 2028 (USD Billion)
- 6.5 Provider Management Services
  - 6.5.1 Global Healthcare Payer Services Market by Provider Management Services, 2022 - 2028 (USD Billion)
- 6.6 Billing and Accounts Management Services
  - 6.6.1 Global Healthcare Payer Services Market by Billing and Accounts Management Services, 2022 - 2028 (USD Billion)
- 6.7 Analytics and Fraud Management Services
  - 6.7.1 Global Healthcare Payer Services Market by Analytics and Fraud Management Services, 2022 - 2028 (USD Billion)
- 6.8 HR Services
  - 6.8.1 Global Healthcare Payer Services Market by HR Services, 2022 - 2028 (USD Billion)
Chapter 7. Global Healthcare Payer Services Market - End-use Analysis
- 7.1 Global Healthcare Payer Services Market overview: By End-use
  - 7.1.1 Global Healthcare Payer Services Market share, By End-use, 2021 and 2028
- 7.2 Private Payers
  - 7.2.1 Global Healthcare Payer Services Market by Private Payers, 2022 - 2028 (USD Billion)
- 7.3 Public Payers
  - 7.3.1 Global Healthcare Payer Services Market by Public Payers, 2022 - 2028 (USD Billion)
Chapter 8. Healthcare Payer Services Market - Regional Analysis
- 8.1 Global Healthcare Payer Services Market Regional Overview
- 8.2 Global Healthcare Payer Services Market Share, by Region, 2021 & 2028 (USD Billion)
- 8.3. North America
  - 8.3.1 North America Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
    - 8.3.1.1 North America Healthcare Payer Services Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 North America Healthcare Payer Services Market, by Service, 2022 - 2028
  - 8.4.1 North America Healthcare Payer Services Market, by Service, 2022 - 2028 (USD Billion)
- 8.5 North America Healthcare Payer Services Market, by Application, 2022 - 2028
  - 8.5.1 North America Healthcare Payer Services Market, by Application, 2022 - 2028 (USD Billion)
- 8.6 North America Healthcare Payer Services Market, by End-use, 2022 - 2028
  - 8.6.1 North America Healthcare Payer Services Market, by End-use, 2022 - 2028 (USD Billion)
- 8.4. Europe
  - 8.4.2 Europe Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
    - 8.4.2.1 Europe Healthcare Payer Services Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 Europe Healthcare Payer Services Market, by Service, 2022 - 2028
  - 8.4.1 Europe Healthcare Payer Services Market, by Service, 2022 - 2028 (USD Billion)
- 8.5 Europe Healthcare Payer Services Market, by Application, 2022 - 2028
  - 8.5.1 Europe Healthcare Payer Services Market, by Application, 2022 - 2028 (USD Billion)
- 8.6 Europe Healthcare Payer Services Market, by End-use, 2022 - 2028
  - 8.6.1 Europe Healthcare Payer Services Market, by End-use, 2022 - 2028 (USD Billion)
- 8.5. Asia Pacific
  - 8.5.3 Asia Pacific Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
    - 8.5.3.1 Asia Pacific Healthcare Payer Services Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 Asia Pacific Healthcare Payer Services Market, by Service, 2022 - 2028
  - 8.4.1 Asia Pacific Healthcare Payer Services Market, by Service, 2022 - 2028 (USD Billion)
- 8.5 Asia Pacific Healthcare Payer Services Market, by Application, 2022 - 2028
  - 8.5.1 Asia Pacific Healthcare Payer Services Market, by Application, 2022 - 2028 (USD Billion)
- 8.6 Asia Pacific Healthcare Payer Services Market, by End-use, 2022 - 2028
  - 8.6.1 Asia Pacific Healthcare Payer Services Market, by End-use, 2022 - 2028 (USD Billion)
- 8.6. Latin America
  - 8.6.4 Latin America Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
    - 8.6.4.1 Latin America Healthcare Payer Services Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 Latin America Healthcare Payer Services Market, by Service, 2022 - 2028
  - 8.4.1 Latin America Healthcare Payer Services Market, by Service, 2022 - 2028 (USD Billion)
- 8.5 Latin America Healthcare Payer Services Market, by Application, 2022 - 2028
  - 8.5.1 Latin America Healthcare Payer Services Market, by Application, 2022 - 2028 (USD Billion)
- 8.6 Latin America Healthcare Payer Services Market, by End-use, 2022 - 2028
  - 8.6.1 Latin America Healthcare Payer Services Market, by End-use, 2022 - 2028 (USD Billion)
- 8.7. The Middle-East and Africa
  - 8.7.5 The Middle-East and Africa Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
    - 8.7.5.1 The Middle-East and Africa Healthcare Payer Services Market, by Country, 2022 - 2028 (USD Billion)
- 8.4 The Middle-East and Africa Healthcare Payer Services Market, by Service, 2022 - 2028
  - 8.4.1 The Middle-East and Africa Healthcare Payer Services Market, by Service, 2022 - 2028 (USD Billion)
- 8.5 The Middle-East and Africa Healthcare Payer Services Market, by Application, 2022 - 2028
  - 8.5.1 The Middle-East and Africa Healthcare Payer Services Market, by Application, 2022 - 2028 (USD Billion)
- 8.6 The Middle-East and Africa Healthcare Payer Services Market, by End-use, 2022 - 2028
  - 8.6.1 The Middle-East and Africa Healthcare Payer Services Market, by End-use, 2022 - 2028 (USD Billion)
Chapter 9. Company Profiles
- 9.1 Congziant
  - 9.1.1 Overview
  - 9.1.2 Financials
  - 9.1.3 Product Portfolio
  - 9.1.4 Business Strategy
  - 9.1.5 Recent Developments
- 9.2 EXL
  - 9.2.1 Overview
  - 9.2.2 Financials
  - 9.2.3 Product Portfolio
  - 9.2.4 Business Strategy
  - 9.2.5 Recent Developments
- 9.3 HGS Ltd.
  - 9.3.1 Overview
  - 9.3.2 Financials
  - 9.3.3 Product Portfolio
  - 9.3.4 Business Strategy
  - 9.3.5 Recent Developments
- 9.4 Accenture
  - 9.4.1 Overview
  - 9.4.2 Financials
  - 9.4.3 Product Portfolio
  - 9.4.4 Business Strategy
  - 9.4.5 Recent Developments
- 9.5 Xerox Corporation
  - 9.5.1 Overview
  - 9.5.2 Financials
  - 9.5.3 Product Portfolio
  - 9.5.4 Business Strategy
  - 9.5.5 Recent Developments
- 9.6 Concentric Corporation
  - 9.6.1 Overview
  - 9.6.2 Financials
  - 9.6.3 Product Portfolio
  - 9.6.4 Business Strategy
  - 9.6.5 Recent Developments
- 9.7 HCL Technologies
  - 9.7.1 Overview
  - 9.7.2 Financials
  - 9.7.3 Product Portfolio
  - 9.7.4 Business Strategy
  - 9.7.5 Recent Developments
- 9.8 Genpact
  - 9.8.1 Overview
  - 9.8.2 Financials
  - 9.8.3 Product Portfolio
  - 9.8.4 Business Strategy
  - 9.8.5 Recent Developments
- 9.9 WIPRO Ltd.
  - 9.9.1 Overview
  - 9.9.2 Financials
  - 9.9.3 Product Portfolio
  - 9.9.4 Business Strategy
  - 9.9.5 Recent Developments

Table Of Figures

1. Market research Type
2. Market research methodology
3. Global Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Healthcare Payer Services Market attractiveness, By Service
6. Global Healthcare Payer Services Market attractiveness, By Application
7. Global Healthcare Payer Services Market attractiveness, By End-use
8. Global Healthcare Payer Services Market share by Service, 2022 and 2028 (USD Billion)
9. Global Healthcare Payer Services Market by BPO Services, 2022 - 2028 (USD Billion)
10. Global Healthcare Payer Services Market by ITO Services, 2022 - 2028 (USD Billion)
11. Global Healthcare Payer Services Market by KPO Services, 2022 - 2028 (USD Billion)
12. Global Healthcare Payer Services Market share by Application, 2022 and 2028 (USD Billion)
13. Global Healthcare Payer Services Market by Claims Management Services, 2022 - 2028 (USD Billion)
14. Global Healthcare Payer Services Market by Integrated Front Office Service and Back Office Operations, 2022 - 2028 (USD Billion)
15. Global Healthcare Payer Services Market by Member Management Services, 2022 - 2028 (USD Billion)
16. Global Healthcare Payer Services Market by Provider Management Services, 2022 - 2028 (USD Billion)
17. Global Healthcare Payer Services Market by Billing and Accounts Management Services, 2022 - 2028 (USD Billion)
18. Global Healthcare Payer Services Market by Analytics and Fraud Management Services, 2022 - 2028 (USD Billion)
19. Global Healthcare Payer Services Market by HR Services, 2022 - 2028 (USD Billion)
20. Global Healthcare Payer Services Market share by End-use, 2022 and 2028 (USD Billion)
21. Global Healthcare Payer Services Market by Private Payers, 2022 - 2028 (USD Billion)
22. Global Healthcare Payer Services Market by Public Payers, 2022 - 2028 (USD Billion)
23. Global Healthcare Payer Services Market share, by Region, 2022 and 2028
24. North America Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
25. Europe Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
26. Asia Pacific Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
27. Latin America Healthcare Payer Services Market, 2022 - 2028 (USD Billion)
28. The Middle-East and Africa Healthcare Payer Services Market, 2022 - 2028 (USD Billion)

Table Of Tables

1. Global Healthcare Payer Services Market: Snapshot
2. Drivers of the Healthcare Payer Services Market: impact analysis
3. North America Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
4. North America Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
5. North America Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
6. U.S. Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
7. U.S. Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
8. U.S. Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
9. Canada Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
10. Canada Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
11. Canada Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
12. Europe Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
13. Europe Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
14. Europe Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
15. Germany Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
16. Germany Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
17. Germany Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
18. France Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
19. France Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
20. France Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
21. U.K. Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
22. U.K. Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
23. U.K. Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
24. Italy Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
25. Italy Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
26. Italy Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
27. Spain Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
28. Spain Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
29. Spain Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
30. Rest of Europe Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
31. Rest of Europe Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
32. Rest of Europe Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
33. Asia Pacific Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
34. Asia Pacific Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
35. Asia Pacific Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
36. China Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
37. China Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
38. China Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
39. Japan Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
40. Japan Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
41. Japan Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
42. India Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
43. India Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
44. India Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
45. South Korea Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
46. South Korea Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
47. South Korea Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
48. South-East Asia Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
49. South-East Asia Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
50. South-East Asia Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
51. Rest of Asia Pacific Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
52. Rest of Asia Pacific Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
53. Rest of Asia Pacific Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
54. Latin America Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
55. Latin America Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
56. Latin America Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
57. Brazil Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
58. Brazil Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
59. Brazil Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
60. Mexico Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
61. Mexico Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
62. Mexico Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
63. Rest of Latin America Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
64. Rest of Latin America Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
65. Rest of Latin America Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
66. The Middle-East and Africa Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
67. The Middle-East and Africa Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
68. The Middle-East and Africa Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
69. GCC Countries Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
70. GCC Countries Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
71. GCC Countries Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
72. South Africa Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
73. South Africa Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
74. South Africa Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)
75. Rest of Middle-East Africa Healthcare Payer Services Market revenue, By Service, 2022 - 2028 (USD Billion)
76. Rest of Middle-East Africa Healthcare Payer Services Market revenue, By Application, 2022 - 2028 (USD Billion)
77. Rest of Middle-East Africa Healthcare Payer Services Market revenue, By End-use, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

Which key factors will influence healthcare payer services market growth over 2022-2028?

The rise in healthcare system costs and the desire to reduce wasteful expenditure are the main reasons driving the market growth for healthcare payer solutions. Additionally, the substantial losses from the rise in healthcare frauds enhance the demand for healthcare payer solutions, fueling the expansion of the global market.

What will be the value of the healthcare payer services market during 2022-2028?

According to the report, the global healthcare payer services market was worth about 56.8 (USD billion) in 2021 and is predicted to grow to around 87.7 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 7.50%.

Which region will contribute notably towards the healthcare payer services market value?

North America dominates the healthcare payer services market because significant businesses in the region provide healthcare payer services and a considerable need for healthcare payer solutions. Currently, the United States is the leading driver of healthcare payer services.