Medical Billing Market, Global Outlook and Forecast 2023-2029
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.
This report aims to provide a comprehensive presentation of the global market for Medical Billing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Medical Billing. This report contains market size and forecasts of Medical Billing in global, including the following market information:
- Global Medical Billing Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Medical Billing market was valued at US$ 7388.9 million in 2022 and is projected to reach US$ 11710 million by 2029, at a CAGR of 6.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Many software companies have arisen to provide medical billing software to this particularly lucrative segment of the market. Several companies also offer full portal solutions through their own web-interfaces, which negates the cost of individually licensed software packages. Due to the rapidly changing requirements by U.S. health insurance companies, several aspects of medical billing and medical office management have created the necessity for specialized training.
We surveyed the Medical Billing companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Medical Billing Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Medical Billing Market Segment Percentages, by Type, 2022 (%)
- Professional Billing
- Institutional Billing
Global Medical Billing Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Medical Billing Market Segment Percentages, by Application, 2022 (%)
Global Medical Billing Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Medical Billing Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Medical Billing revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Medical Billing revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Accenture
- TCS
- AGS Health
- Cognizant Technology Solutions
- GeBBS Healthcare
- Genpact
- HCL Technologies
- Infinit Healthcare
- Medusind
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Medical Billing, market overview.
- Chapter 2: Global Medical Billing market size in revenue.
- Chapter 3: Detailed analysis of Medical Billing company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: 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 5: 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 6: Sales of Medical Billing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
