Home > Healthcare > Healthcare IT > Payer/Provider Solutions > Healthcare Payer Services Market

Healthcare Payer Services Market Share

Report ID: GMI5701
Published Date: May 2023
Report Format: PDF

Download Free Sample

Healthcare Payer Services Market Share

Major companies operating in the healthcare payer services market include :

Cognizant
Accenture
Oracle Corporation
Merative (IBM Watson Health)

These industry players majorly adopt various strategies including collaborations, acquisitions, mergers, and partnerships to create a global footprint and sustain market competition.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of healthcare payer was valued at USD 57.7 billion in 2022 and will progress at 9.1% CAGR between 2023 and 2032 propelled by the increasing healthcare cost and expensive medical bills.

The BPO segment accounted for around 49% of the healthcare payer industry share in 2022 as outsourcing non-core business processes, such as claims processing and healthcare revenue cycle management, among others, are crucial for healthcare payers.

The private payer end-use segment is anticipated to reach USD 83 billion by 2032 owing to the introduction of novel technologies and data analytics for efficiency and personalized services.

North America held over 38% of the healthcare payer market share in 2022 and will grow notably through 2032 as a result of the increasing healthcare expenditure, rising adoption of digital technologies, and the need for efficient and cost-effective healthcare services in the region.