Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 56.8 Billion | USD 87.7 Billion | 7.50% | 2021 |
FrequentlyAsked Questions
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.
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%.
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.
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.
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