Healthcare Claims Management Market By Components (Software, Hardware), By Deployment Mode ( Web-Based, Cloud Based And On-Premise Based) - Global Outlook Analysis and Industry Forecast, 2018-2023

Global Healthcare Claims Management Market was valued at USD 10.57 Billion in the year 2017. Global Healthcare Claims Management Market is further estimated to grow at a CAGR of 5.8% from 2018 to reach USD 14.82 Billion by the year 2023.

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The North American and European markets hold a significant share in the global market, owing to the increased use of software and hardware for processing claims and presence of top insurance companies in these regions. North America accounted for a four-ninths share of the global market in 2017 and is expected to maintain this lead throughout the forecast period.

The global healthcare claims management solutions market is segmented based on type, deployment mode, and geography. Based on the type, the market is segmented into software, hardware, and services. In 2017, the software segment accounted for the largest share in the global market, owing to the technological advancements in software and increased use of software for accurate and faster processing of claims.

Based on deployment mode, the market is segmented into a web-based model, cloud-based model, and on-site deployment mode. The web-based deployment segment holds the largest share of the global market, as it covers a vast array of claims business systems that help in saving both time and money.

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Drivers:

• Rapidly increasing aging population and subsequent rise in the number of chronic diseases
• Increase in awareness for care provision

Restraints:

• High Cost of Deployment

Opportunities:

• Emerging Countries
• Cloud-Based Solutions

Challenges:

• Integration of Claim Management Solutions

Cerner Corporation (U.S), Eclinicalworks (U.S),Athenahealth (U.S), McKesson Corporation (U.S),GE Healthcare (U.S), Nthrive (U.S), and Optum, Inc. (A Subsidiary of Unitedhealth Group Inc.) (U.S) are some of the key players in the global Healthcare Claims Management Market.

Key Benefits for Stakeholders

• Healthcare insurance companies/payers
• Healthcare IT service providers
• Healthcare BPO and KPO Vendors
• Government bodies
• Corporate entities

By Components

• Software
• Hardware
• Services

By Deployment Mode

• Web-Based
• Cloud Based
• On-Premise Based

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Cerner Corporation
• Eclinicalworks
• Athenahealth
• Mckesson Corporation
• GE Healthcare
• DST Systems
• Nthrive
• Cognizant Technology Solutions
• Allscripts Healthcare Solutions
• Optum, Inc. (A Subsidiary of Unitedhealth Group Inc.)

(Another brief information of 10 companies will be provided in the report)

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