Asia Pacific Medical Billing Outsourcing Market Size & Outlook
Asia Pacific medical billing outsourcing market, 2018-2030 (US$M)
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Asia Pacific medical billing outsourcing market highlights
- The Asia Pacific medical billing outsourcing market generated a revenue of USD 1,922.7 million in 2023.
- The market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, outsourced was the largest revenue generating component in 2023.
- Outsourced is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,922.7 million |
| Market revenue in 2030 | USD 4,832.6 million |
| Growth rate | 14.1% (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 |
| Key market players worldwide | R1 RCM Inc, Veradigm Inc, Oracle Corp, Quest Diagnostics Inc, McKesson Corp, eClinicalWorks, Kareo, AdvancedMD, Promantra |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 14.3% of the global medical billing outsourcing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,832.6 million by 2030.
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 51.73% in 2023. Horizon Databook has segmented the Asia Pacific medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as China, India, and Japan are among the largest economies in Asia Pacific region in terms of GDP. The adoption of medical billing outsourcing is gradually increasing in Asian countries. Japan is expected to dominate the market during the forecast period, owing to presence of advanced IT infrastructure in the country.
On the other hand, China, wherein most hospitals & clinics are government-owned, is likely to opt for outsourcing services to minimize operational inefficiencies and reduce healthcare spending. India presents a positive economic environment for growth of businesses, and IT outsourcing services sector in this country is growing at a rapid rate.
Upon realizing the benefit of medical billing outsourcing to scale and manage healthcare billing processes & reimbursements, the market in Asia Pacific is likely to outperform the market in Rest of the World, in terms of revenue, in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical billing outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical billing outsourcing market size, by country, 2018-2030 (US$M)
Asia Pacific Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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