Global Medical Billing Outsourcing Market Size & Outlook
Global medical billing outsourcing market, 2018-2030 (US$M)
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Global medical billing outsourcing market highlights
- The global medical billing outsourcing market generated a revenue of USD 13,430.1 million in 2023 and is expected to reach USD 30,171.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.3% by 2030.
- In terms of segment, outsourced accounted for a revenue of USD 7,291.6 million in 2023.
- Outsourced is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13,430.1 million |
| Market revenue in 2030 | USD 30,171.1 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Outsourced |
| Fastest growing segment | Outsourced |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsourced |
Other key industry trends
- In terms of revenue, the North America accounted for 47.0% of the global medical billing outsourcing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 12,258.8 million by 2030.
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global medical billing outsourcing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical billing outsourcing market will help companies and investors design strategic landscapes.
Outsourced was the largest segment with a revenue share of 54.29% in 2023. Horizon Databook has segmented the Global medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Billing Outsourcing Component Outlook (Revenue, USD Million, 2018-2030)
- In-house
- Outsourced
- Global Medical Billing Outsourcing Services Outlook (Revenue, USD Million, 2018-2030)
- Front-end Services
- Middle-end Services
- Back-end Services
- Global Medical Billing Outsourcing End-Use Outlook (Revenue, USD Million, 2018-2030)
- Hospital
- Physician Office
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical billing outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical billing outsourcing market size, by region, 2018-2030 (US$M)
Top 10 countries: Medical billing outsourcing market size, 2023 (US$M)
Global medical billing outsourcing market share, by component, 2023 & 2030 (%, US$M)
Medical billing outsourcing market: Opportunity assessment by country
Global medical billing outsourcing market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 806.2 | 892.9 | 975.4 | 1,072.3 | 1,187.5 | 1,320.3 | 1,473.9 | 1,652.0 | 1,859.0 | 2,100.3 | 2,382.4 | 2,713.0 | 3,101.6 | 12.8% |
| Europe | 2,137.2 | 2,348.6 | 2,545.6 | 2,776.9 | 3,051.3 | 3,366.5 | 3,729.5 | 4,148.3 | 4,632.8 | 5,194.8 | 5,848.2 | 6,610.2 | 7,501.2 | 11.6% |
| North America | 4,090.2 | 4,477.0 | 4,833.2 | 5,251.3 | 5,747.1 | 6,315.2 | 6,967.6 | 7,718.4 | 8,584.4 | 9,585.7 | 10,746.5 | 12,095.6 | 13,667.8 | 10.8% |
| MEA | 332.5 | 362.8 | 390.5 | 422.9 | 461.4 | 505.4 | 555.7 | 613.6 | 680.1 | 756.9 | 845.6 | 948.5 | 1,067.9 | 11.1% |
| Asia Pacific | 1,110.5 | 1,244.4 | 1,375.0 | 1,528.5 | 1,711.1 | 1,922.7 | 2,168.6 | 2,455.3 | 2,790.4 | 3,183.2 | 3,644.8 | 4,189.1 | 4,832.6 | 13.9% |
| Overall | 8,476.6 | 9,325.7 | 10,119.5 | 11,051.9 | 12,158.3 | 13,430.1 | 14,895.3 | 16,587.6 | 18,546.7 | 20,820.8 | 23,467.5 | 26,556.3 | 30,171.1 | 12.3% |
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