Global Healthcare Fraud Detection Market Size Study, by Component (Services, Software), by Application (Payment Integrity, Insurance Claims Review), by End User (Healthcare Payer, Government Agencies, Others), by Type (Descriptive Analytics, Predictive An

Global Healthcare Fraud Detection Market Size Study, by Component (Services, Software), by Application (Payment Integrity, Insurance Claims Review), by End User (Healthcare Payer, Government Agencies, Others), by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics) and Regional Forecasts 2022-2032

Global Healthcare Fraud Detection Market, was valued at approximately USD 1.42 billion in 2023, is anticipated to witness significant growth rate of about CAGR 12.68% over the period from 2024 to 2032. Healthcare fraud is characterized by intentional misrepresentation or deception by healthcare professionals or patients, leading to unauthorized payments or benefits. Common examples include falsified data by physicians, duplicate claims by different providers, claims for services not provided, and misrepresented dates or descriptions of treatments. The growing complexity of such fraudulent activities has necessitated the development and deployment of sophisticated fraud detection solutions.

The Global Healthcare Fraud Detection Market is driven by the escalating adoption of advanced data mining and artificial intelligence (AI) technologies in the healthcare sector. Healthcare fraud detection is becoming increasingly critical as healthcare fraudulence cases, including healthcare fund fraud, false medical claims, and insurance fraud, continue to rise. The process involves comprehensive auditing of accounts, medical claims, and healthcare funds to prevent fraud, waste, and abuse. The market is expected to advance rapidly due to the increasing integration of AI, machine learning, and data analytics in healthcare fraud detection systems. These technologies are enhancing the efficiency of fraud detection processes, enabling real-time monitoring and analysis, and improving payment integrity. However, challenges such as rising data breaches in the healthcare industry and lower awareness of fraud analytics solutions in emerging markets may impede market growth.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America held the largest revenue share in the healthcare fraud detection market, driven by the high incidence of fraudulence cases in the U.S. and Mexico, coupled with the growing adoption of innovative analytical techniques and software solutions. Furthermore, Asia Pacific is anticipated to grow fastest during the forecast period 2022-2032.

Major market players included in this report are:

Verscend Technologies

Fair Isaac Corporation

CGI Inc.

Wipro Limited

Optum

SAS Institute Inc.

LexisNexis

SCIO Inspire, Corp.

OSP Labs

HCL Technologies



The detailed segments and sub-segment of the market are explained below:

By Component:
• Services
• Software

By Application:
• Payment Integrity
• Insurance Claims Review

By End User:
• Healthcare Payer
• Government Agencies
• Others

By Type:
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico
• RoLA

Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA

Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions. Show more