China Medical Billing Outsourcing Market Size & Outlook
China medical billing outsourcing market, 2018-2030 (US$M)
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China medical billing outsourcing market highlights
- The China medical billing outsourcing market generated a revenue of USD 502.2 million in 2023 and is expected to reach USD 1,337.6 million by 2030.
- The China market is expected to grow at a CAGR of 15% 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.
Medical billing outsourcing market data book summary
| Market revenue in 2023 | USD 502.2 million |
| Market revenue in 2030 | USD 1,337.6 million |
| Growth rate | 15% (CAGR from 2023 to 2030) |
| Largest segment | Outsourced |
| Fastest growing segment | Outsourced |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 3.7% of the global medical billing outsourcing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan medical billing outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 951.0 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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China 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 51.83% in 2023. Horizon Databook has segmented the China medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the major economies in Asia Pacific region and is the most populous country in the world. Technological advancements in medical care and rise in the demand for healthcare services are likely to propel market growth in the country. China faces a significant number of healthcare challenges, such as large geriatric population, increase in the prevalence of several chronic diseases, and high burden on government to provide healthcare services to all citizens.
Provision of affordable healthcare services in the country has improved availability of healthcare insurance companies and has encouraged patients to own insurance policies. Increasing demand for lowering healthcare costs, ensuring sustained long-term operations, and overcoming the issue of reduced reimbursement rates is driving the need for outsourcing medical billing processes.
Moreover, increasing demand for medical billing services from countries such as Singapore owing to easy availability of cost-effective solutions in the country is expected to drive market growth in China during the forecast period.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China medical billing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into China medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China medical billing outsourcing market size, by component, 2018-2030 (US$M)
China Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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