Global Medical Billing Outsourcing Market Size & Outlook
The medical billing outsourcing industry worldwide is expected to reach a projected revenue of US$ 30,171.1 million by 2030. A compound annual growth rate of 12.3% is expected of the worldwide medical billing outsourcing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$13,430.1
Forecast, 2030 (US$M)
$30,171.1
CAGR, 2024 - 2030
12.3%
Report Coverage
Worldwide
Global medical billing outsourcing market, 2018-2030 (US$M)
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Billing Outsourcing Market Scope
Medical billing outsourcing market segmentation & 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
Reasons to subscribe to Global medical billing outsourcing market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global medical billing outsourcing market databook
-
Our clientele includes a mix of medical billing outsourcing market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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.
Partial client list
Global medical billing outsourcing market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Medical billing outsourcing market size, 2023 (USD Million)
Top 10 countries: Medical billing outsourcing market size, 2023 (USD Million)
Global medical billing outsourcing market, by region, 2023 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
