SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Healthcare Fraud Detection - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 8; Released: April 2021 Executive Pool: 5442 Companies: 31 - Players covered include CGI Group, Inc.; Conduent, Inc.; DXC Technology Company; Fair Isaac Corporation; HCL Technologies Ltd.; IBM Corporation; McKesson Corporation; Northrop Grumman Corporation; Optum, Inc.; Pondera Solutions, Inc.; SAS Institute, Inc.; SCIO Health Analytics, an EXL company; Verscend Technologies, Inc.; Wipro Ltd. and Others. Coverage: All major geographies and key segments Segments: Application (Insurance Claims Review, Payment Integrity, Other Applications); Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Healthcare Fraud Detection Market to Reach $4.1 Billion by 2026Amid the COVID-19 crisis, the global market for Healthcare Fraud Detection estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 25.9% over the analysis period. Descriptive Analytics, one of the segments analyzed in the report, is projected to record a 25.8% CAGR and reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Predictive Analytics segment is readjusted to a revised 27.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $399.8 Million in 2021, While China is Forecast to Reach $719.2 Million by 2026The Healthcare Fraud Detection market in the U.S. is estimated at US$399.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$719.2 Million by the year 2026 trailing a CAGR of 25.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.1% and 22.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.2% CAGR.
Prescriptive Analytics Segment to Reach US$940.1 Million by the year 2026In the global Prescriptive Analytics segment, USA, Canada, Japan, China and Europe will drive the 24.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$199.8 Million in the year 2020 will reach a projected size of US$918.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.