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Synopsis
The global Medical Billing Outsourcing market was valued at US$ 11450 million in 2023 and is anticipated to reach US$ 22040 million by 2030, witnessing a CAGR of 9.6% during the forecast period 2024-2030.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
This report aims to provide a comprehensive presentation of the global market for Medical Billing Outsourcing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Billing Outsourcing.
Report Scope
The Medical Billing Outsourcing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Medical Billing Outsourcing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Medical Billing Outsourcing companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Claimcare
- Cognizant Technology Solutions
- Covance
- CureMD
- GeBBS Healthcare
- Genpact
- HCL Technologies
- Healthcare Administrative Partners
- ICON Medical Billing
- INFINIT Healthcare
- Infosys
- Invensis
- Kareo
- Mba Healthgroup
- Millensys
- Mphasis
- Outsource Management Group
- Parexel International
- Quintiles
- TCS
- Vee Technologies
- WNS
Segment by Type
- In-House
- Outsourced
Segment by Application
- Hospitals
- Physician Offices
- Others
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Medical Billing Outsourcing companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Medical Billing Outsourcing Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 In-House
1.2.3 Outsourced
1.3 Market by Application
1.3.1 Global Medical Billing Outsourcing Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Hospitals
1.3.3 Physician Offices
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Medical Billing Outsourcing Market Perspective (2019-2030)
2.2 Medical Billing Outsourcing Growth Trends by Region
2.2.1 Global Medical Billing Outsourcing Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Medical Billing Outsourcing Historic Market Size by Region (2019-2024)
2.2.3 Medical Billing Outsourcing Forecasted Market Size by Region (2025-2030)
2.3 Medical Billing Outsourcing Market Dynamics
2.3.1 Medical Billing Outsourcing Industry Trends
2.3.2 Medical Billing Outsourcing Market Drivers
2.3.3 Medical Billing Outsourcing Market Challenges
2.3.4 Medical Billing Outsourcing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Medical Billing Outsourcing Players by Revenue
3.1.1 Global Top Medical Billing Outsourcing Players by Revenue (2019-2024)
3.1.2 Global Medical Billing Outsourcing Revenue Market Share by Players (2019-2024)
3.2 Global Medical Billing Outsourcing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Medical Billing Outsourcing Revenue
3.4 Global Medical Billing Outsourcing Market Concentration Ratio
3.4.1 Global Medical Billing Outsourcing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Medical Billing Outsourcing Revenue in 2023
3.5 Medical Billing Outsourcing Key Players Head office and Area Served
3.6 Key Players Medical Billing Outsourcing Product Solution and Service
3.7 Date of Enter into Medical Billing Outsourcing Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Medical Billing Outsourcing Breakdown Data by Type
4.1 Global Medical Billing Outsourcing Historic Market Size by Type (2019-2024)
4.2 Global Medical Billing Outsourcing Forecasted Market Size by Type (2025-2030)
5 Medical Billing Outsourcing Breakdown Data by Application
5.1 Global Medical Billing Outsourcing Historic Market Size by Application (2019-2024)
5.2 Global Medical Billing Outsourcing Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Medical Billing Outsourcing Market Size (2019-2030)
6.2 North America Medical Billing Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Medical Billing Outsourcing Market Size by Country (2019-2024)
6.4 North America Medical Billing Outsourcing Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Medical Billing Outsourcing Market Size (2019-2030)
7.2 Europe Medical Billing Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Medical Billing Outsourcing Market Size by Country (2019-2024)
7.4 Europe Medical Billing Outsourcing Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Medical Billing Outsourcing Market Size (2019-2030)
8.2 Asia-Pacific Medical Billing Outsourcing Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Medical Billing Outsourcing Market Size by Region (2019-2024)
8.4 Asia-Pacific Medical Billing Outsourcing Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Medical Billing Outsourcing Market Size (2019-2030)
9.2 Latin America Medical Billing Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Medical Billing Outsourcing Market Size by Country (2019-2024)
9.4 Latin America Medical Billing Outsourcing Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Medical Billing Outsourcing Market Size (2019-2030)
10.2 Middle East & Africa Medical Billing Outsourcing Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Medical Billing Outsourcing Market Size by Country (2019-2024)
10.4 Middle East & Africa Medical Billing Outsourcing Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Claimcare
11.1.1 Claimcare Company Detail
11.1.2 Claimcare Business Overview
11.1.3 Claimcare Medical Billing Outsourcing Introduction
11.1.4 Claimcare Revenue in Medical Billing Outsourcing Business (2019-2024)
11.1.5 Claimcare Recent Development
11.2 Cognizant Technology Solutions
11.2.1 Cognizant Technology Solutions Company Detail
11.2.2 Cognizant Technology Solutions Business Overview
11.2.3 Cognizant Technology Solutions Medical Billing Outsourcing Introduction
11.2.4 Cognizant Technology Solutions Revenue in Medical Billing Outsourcing Business (2019-2024)
11.2.5 Cognizant Technology Solutions Recent Development
11.3 Covance
11.3.1 Covance Company Detail
11.3.2 Covance Business Overview
11.3.3 Covance Medical Billing Outsourcing Introduction
11.3.4 Covance Revenue in Medical Billing Outsourcing Business (2019-2024)
11.3.5 Covance Recent Development
11.4 CureMD
11.4.1 CureMD Company Detail
11.4.2 CureMD Business Overview
11.4.3 CureMD Medical Billing Outsourcing Introduction
11.4.4 CureMD Revenue in Medical Billing Outsourcing Business (2019-2024)
11.4.5 CureMD Recent Development
11.5 GeBBS Healthcare
11.5.1 GeBBS Healthcare Company Detail
11.5.2 GeBBS Healthcare Business Overview
11.5.3 GeBBS Healthcare Medical Billing Outsourcing Introduction
11.5.4 GeBBS Healthcare Revenue in Medical Billing Outsourcing Business (2019-2024)
11.5.5 GeBBS Healthcare Recent Development
11.6 Genpact
11.6.1 Genpact Company Detail
11.6.2 Genpact Business Overview
11.6.3 Genpact Medical Billing Outsourcing Introduction
11.6.4 Genpact Revenue in Medical Billing Outsourcing Business (2019-2024)
11.6.5 Genpact Recent Development
11.7 HCL Technologies
11.7.1 HCL Technologies Company Detail
11.7.2 HCL Technologies Business Overview
11.7.3 HCL Technologies Medical Billing Outsourcing Introduction
11.7.4 HCL Technologies Revenue in Medical Billing Outsourcing Business (2019-2024)
11.7.5 HCL Technologies Recent Development
11.8 Healthcare Administrative Partners
11.8.1 Healthcare Administrative Partners Company Detail
11.8.2 Healthcare Administrative Partners Business Overview
11.8.3 Healthcare Administrative Partners Medical Billing Outsourcing Introduction
11.8.4 Healthcare Administrative Partners Revenue in Medical Billing Outsourcing Business (2019-2024)
11.8.5 Healthcare Administrative Partners Recent Development
11.9 ICON Medical Billing
11.9.1 ICON Medical Billing Company Detail
11.9.2 ICON Medical Billing Business Overview
11.9.3 ICON Medical Billing Medical Billing Outsourcing Introduction
11.9.4 ICON Medical Billing Revenue in Medical Billing Outsourcing Business (2019-2024)
11.9.5 ICON Medical Billing Recent Development
11.10 INFINIT Healthcare
11.10.1 INFINIT Healthcare Company Detail
11.10.2 INFINIT Healthcare Business Overview
11.10.3 INFINIT Healthcare Medical Billing Outsourcing Introduction
11.10.4 INFINIT Healthcare Revenue in Medical Billing Outsourcing Business (2019-2024)
11.10.5 INFINIT Healthcare Recent Development
11.11 Infosys
11.11.1 Infosys Company Detail
11.11.2 Infosys Business Overview
11.11.3 Infosys Medical Billing Outsourcing Introduction
11.11.4 Infosys Revenue in Medical Billing Outsourcing Business (2019-2024)
11.11.5 Infosys Recent Development
11.12 Invensis
11.12.1 Invensis Company Detail
11.12.2 Invensis Business Overview
11.12.3 Invensis Medical Billing Outsourcing Introduction
11.12.4 Invensis Revenue in Medical Billing Outsourcing Business (2019-2024)
11.12.5 Invensis Recent Development
11.13 Kareo
11.13.1 Kareo Company Detail
11.13.2 Kareo Business Overview
11.13.3 Kareo Medical Billing Outsourcing Introduction
11.13.4 Kareo Revenue in Medical Billing Outsourcing Business (2019-2024)
11.13.5 Kareo Recent Development
11.14 Mba Healthgroup
11.14.1 Mba Healthgroup Company Detail
11.14.2 Mba Healthgroup Business Overview
11.14.3 Mba Healthgroup Medical Billing Outsourcing Introduction
11.14.4 Mba Healthgroup Revenue in Medical Billing Outsourcing Business (2019-2024)
11.14.5 Mba Healthgroup Recent Development
11.15 Millensys
11.15.1 Millensys Company Detail
11.15.2 Millensys Business Overview
11.15.3 Millensys Medical Billing Outsourcing Introduction
11.15.4 Millensys Revenue in Medical Billing Outsourcing Business (2019-2024)
11.15.5 Millensys Recent Development
11.16 Mphasis
11.16.1 Mphasis Company Detail
11.16.2 Mphasis Business Overview
11.16.3 Mphasis Medical Billing Outsourcing Introduction
11.16.4 Mphasis Revenue in Medical Billing Outsourcing Business (2019-2024)
11.16.5 Mphasis Recent Development
11.17 Outsource Management Group
11.17.1 Outsource Management Group Company Detail
11.17.2 Outsource Management Group Business Overview
11.17.3 Outsource Management Group Medical Billing Outsourcing Introduction
11.17.4 Outsource Management Group Revenue in Medical Billing Outsourcing Business (2019-2024)
11.17.5 Outsource Management Group Recent Development
11.18 Parexel International
11.18.1 Parexel International Company Detail
11.18.2 Parexel International Business Overview
11.18.3 Parexel International Medical Billing Outsourcing Introduction
11.18.4 Parexel International Revenue in Medical Billing Outsourcing Business (2019-2024)
11.18.5 Parexel International Recent Development
11.19 Quintiles
11.19.1 Quintiles Company Detail
11.19.2 Quintiles Business Overview
11.19.3 Quintiles Medical Billing Outsourcing Introduction
11.19.4 Quintiles Revenue in Medical Billing Outsourcing Business (2019-2024)
11.19.5 Quintiles Recent Development
11.20 TCS
11.20.1 TCS Company Detail
11.20.2 TCS Business Overview
11.20.3 TCS Medical Billing Outsourcing Introduction
11.20.4 TCS Revenue in Medical Billing Outsourcing Business (2019-2024)
11.20.5 TCS Recent Development
11.21 Vee Technologies
11.21.1 Vee Technologies Company Detail
11.21.2 Vee Technologies Business Overview
11.21.3 Vee Technologies Medical Billing Outsourcing Introduction
11.21.4 Vee Technologies Revenue in Medical Billing Outsourcing Business (2019-2024)
11.21.5 Vee Technologies Recent Development
11.22 WNS
11.22.1 WNS Company Detail
11.22.2 WNS Business Overview
11.22.3 WNS Medical Billing Outsourcing Introduction
11.22.4 WNS Revenue in Medical Billing Outsourcing Business (2019-2024)
11.22.5 WNS Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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