Healthcare Fraud Detection Market Share, Growth, Trends, and Forecast, 2019 – 2027

The global healthcare fraud detection market has been experiencing significant growth due to the increase in fraudulent events in healthcare, the rise in patients opting for health insurance, and the pressure to track fraud and abuse in healthcare spending. This market is expected to witness rapid growth in the coming years, driven by the adoption of technologically advanced products and the effectiveness of artificial intelligence in healthcare services and solutions.

Get a Sample Copy of the Market Research Report (Use Corporate Mail Id for Quick Response) –https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76517

Data mining practices and techniques are being adopted by leading life sciences companies to combat fraudulent activities, such as examining databases for health insurance data and fraud techniques. However, challenges such as the high cost of healthcare fraud detection software and services, lack of skilled personnel, and limited adoption and awareness in developing countries are expected to hamper the market’s growth.

North America accounted for a major share of the global market in 2018, attributed to the rapid adoption of technologically advanced products, better reimbursement policies, and significant investments in healthcare analytical services. The National Healthcare Anti-Fraud Association (NHCAA) found that healthcare fraud costs the U.S. nearly US$ 68 billion each year.
The global healthcare fraud detection market is highly fragmented, with leading players such as CGI Group, Conduent, DCX Technology, Fair Isaac (Fico), HCL Technologies, IBM Corporation, Wipro, Verscend Technologies, and Scio Health Analytics implementing various strategies to gain maximum market share.
The market is categorized by delivery model (on-premise and on-demand), type (predictive analytics, prescriptive analytics, descriptive analytics), and component (software and services). Additionally, it spans across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

Nikhil Sawlani

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453