According to the recent market research report published by SPER Market Research, the global healthcare fraud analytics market estimated to reach USD 6.2 Bn by 2030 with a CAGR of 25.6%.
Rising incidence of fraudulent activities across the globe in healthcare industry is a leading driver of healthcare fraud analytics market.
Fraud analytics solutions use data analytics efficiently detect and prevent frauds in healthcare industry. Various analytical models and insights strengthened by statistical, cognitive and comparative methods are used to develop models suitable to detect any fraudulent activity related to healthcare solutions.
In the US, the number of uninsured populations has significantly decreased from 48 Mn (2010) to 28.6 Mn (2016). As of 2020, 8.6% of population of US was uninsured. Healthcare insurance reviews help in combating against healthcare related frauds
The growth of healthcare fraud analytics market is also supported by rising number of patients seeking health insurance, growing pharmacy claims related frauds, high return on invested insurance amount, technological advancements and government initiatives to reduce fraudulent activities.
The descriptive analytics segment held the largest share of Healthcare Fraud Analytics Market. Factors influencing the growth of this market segment are usefulness of descriptive analysis in predictive and prescriptive analysis to provide additional sources of meaningful data. North America accounted for the largest regional market. The large share is ascribed by increasing healthcare frauds, technological advancements, government policies to curb healthcare costs and rising healthcare insured population.
The global Healthcare Fraud Analytics Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Canadian Global Information Technology Group Inc., Change Healthcare, Conduent, Inc., Cotiviti, DXC Technology Company, EXL Service Holdings, Inc., FraudLens, FraudScope, Healthcare Fraud Shield, Hindustan Computers Limited Technologies Limited, HMS, International Business Machines Corporation, LexisNexis Group, Northrop Grumman Corporation, Optum, Inc., Pondera Solutions, SAS Institute, Inc., WhiteHatAI, Wipro Limited
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for Solution Type Segment- Descriptive Analytics, Predictive Analytics, Prescriptive Analytics; Delivery Model Segment-On-premise, On-demand; for Application-Insurance claim reviews, pharmacy billing misuse, Payment integrity, other applications; for end user-public & government agencies, private insurance payers, third-party service providers and employers. This report also provides the data for key regional segments of North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
This study also encompasses various drivers and restraining factors for this market for the forecast period. Various growth opportunities are also discussed in the report.