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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Our clientele includes a mix of medical billing outsourcing market companies, investment firms, advisory firms & academic institutions.
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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)
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