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Synopsis
Medical billing is a payment practice within health system. The process involves a healthcare provider submitting, and following up on, claims with health insurance companies in order to receive payment for Services rendered; such as treatments and investigations. The same process is used for most insurance companies, whether they are private companies or government sponsored programs. Medical coding reports what the diagnosis and treatment were, and prices are applied accordingly.
The global Medical Billing market size is expected to reach US$ 11950 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029. The market is mainly driven by the significant applications of Medical Billing in various end use industries.
The expanding demands from the Hospital, Clinics and Others,, are propelling Medical Billing market. Professional Billing, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Institutional Billing segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Medical Billing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Medical Billing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Medical Billing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Medical Billing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Medical Billing covered in this report include Accenture, TCS, AGS Health, Cognizant Technology Solutions, GeBBS Healthcare, Genpact, HCL Technologies, Infinit Healthcare and Medusind, etc.
The global Medical Billing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
- Accenture
- TCS
- AGS Health
- Cognizant Technology Solutions
- GeBBS Healthcare
- Genpact
- HCL Technologies
- Infinit Healthcare
- Medusind
Global Medical Billing market, by region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, etc.)
- Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
- South America (Brazil, etc.)
- Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Medical Billing market, Segment by Type:
- Professional Billing
- Institutional Billing
Global Medical Billing market, by Application
- Hospital
- Clinics
- Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Medical Billing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index
1 Market Overview of Medical Billing
1.1 Medical Billing Market Overview
1.1.1 Medical Billing Product Scope
1.1.2 Medical Billing Market Status and Outlook
1.2 Global Medical Billing Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Medical Billing Market Size by Region (2018-2029)
1.4 Global Medical Billing Historic Market Size by Region (2018-2023)
1.5 Global Medical Billing Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Medical Billing Market Size (2018-2029)
1.6.1 North America Medical Billing Market Size (2018-2029)
1.6.2 Europe Medical Billing Market Size (2018-2029)
1.6.3 Asia-Pacific Medical Billing Market Size (2018-2029)
1.6.4 Latin America Medical Billing Market Size (2018-2029)
1.6.5 Middle East & Africa Medical Billing Market Size (2018-2029)
2 Medical Billing Market by Type
2.1 Introduction
2.1.1 Professional Billing
2.1.2 Institutional Billing
2.2 Global Medical Billing Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Medical Billing Historic Market Size by Type (2018-2023)
2.2.2 Global Medical Billing Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Medical Billing Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Medical Billing Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Medical Billing Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Medical Billing Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Medical Billing Revenue Breakdown by Type (2018-2029)
3 Medical Billing Market Overview by Application
3.1 Introduction
3.1.1 Hospital
3.1.2 Clinics
3.1.3 Others
3.2 Global Medical Billing Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Medical Billing Historic Market Size by Application (2018-2023)
3.2.2 Global Medical Billing Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Medical Billing Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Medical Billing Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Medical Billing Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Medical Billing Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Medical Billing Revenue Breakdown by Application (2018-2029)
4 Medical Billing Competition Analysis by Players
4.1 Global Medical Billing Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Medical Billing as of 2022)
4.3 Date of Key Players Enter into Medical Billing Market
4.4 Global Top Players Medical Billing Headquarters and Area Served
4.5 Key Players Medical Billing Product Solution and Service
4.6 Competitive Status
4.6.1 Medical Billing Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Accenture
5.1.1 Accenture Profile
5.1.2 Accenture Main Business
5.1.3 Accenture Medical Billing Products, Services and Solutions
5.1.4 Accenture Medical Billing Revenue (US$ Million) & (2018-2023)
5.1.5 Accenture Recent Developments
5.2 TCS
5.2.1 TCS Profile
5.2.2 TCS Main Business
5.2.3 TCS Medical Billing Products, Services and Solutions
5.2.4 TCS Medical Billing Revenue (US$ Million) & (2018-2023)
5.2.5 TCS Recent Developments
5.3 AGS Health
5.3.1 AGS Health Profile
5.3.2 AGS Health Main Business
5.3.3 AGS Health Medical Billing Products, Services and Solutions
5.3.4 AGS Health Medical Billing Revenue (US$ Million) & (2018-2023)
5.3.5 Cognizant Technology Solutions Recent Developments
5.4 Cognizant Technology Solutions
5.4.1 Cognizant Technology Solutions Profile
5.4.2 Cognizant Technology Solutions Main Business
5.4.3 Cognizant Technology Solutions Medical Billing Products, Services and Solutions
5.4.4 Cognizant Technology Solutions Medical Billing Revenue (US$ Million) & (2018-2023)
5.4.5 Cognizant Technology Solutions Recent Developments
5.5 GeBBS Healthcare
5.5.1 GeBBS Healthcare Profile
5.5.2 GeBBS Healthcare Main Business
5.5.3 GeBBS Healthcare Medical Billing Products, Services and Solutions
5.5.4 GeBBS Healthcare Medical Billing Revenue (US$ Million) & (2018-2023)
5.5.5 GeBBS Healthcare Recent Developments
5.6 Genpact
5.6.1 Genpact Profile
5.6.2 Genpact Main Business
5.6.3 Genpact Medical Billing Products, Services and Solutions
5.6.4 Genpact Medical Billing Revenue (US$ Million) & (2018-2023)
5.6.5 Genpact Recent Developments
5.7 HCL Technologies
5.7.1 HCL Technologies Profile
5.7.2 HCL Technologies Main Business
5.7.3 HCL Technologies Medical Billing Products, Services and Solutions
5.7.4 HCL Technologies Medical Billing Revenue (US$ Million) & (2018-2023)
5.7.5 HCL Technologies Recent Developments
5.8 Infinit Healthcare
5.8.1 Infinit Healthcare Profile
5.8.2 Infinit Healthcare Main Business
5.8.3 Infinit Healthcare Medical Billing Products, Services and Solutions
5.8.4 Infinit Healthcare Medical Billing Revenue (US$ Million) & (2018-2023)
5.8.5 Infinit Healthcare Recent Developments
5.9 Medusind
5.9.1 Medusind Profile
5.9.2 Medusind Main Business
5.9.3 Medusind Medical Billing Products, Services and Solutions
5.9.4 Medusind Medical Billing Revenue (US$ Million) & (2018-2023)
5.9.5 Medusind Recent Developments
6 North America
6.1 North America Medical Billing Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Medical Billing Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Medical Billing Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Medical Billing Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Medical Billing Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Medical Billing Market Dynamics
11.1 Medical Billing Industry Trends
11.2 Medical Billing Market Drivers
11.3 Medical Billing Market Challenges
11.4 Medical Billing Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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