Europe Medical Billing Outsourcing Market Size & Outlook
Europe medical billing outsourcing market, 2018-2030 (US$M)
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Europe medical billing outsourcing market highlights
- The Europe medical billing outsourcing market generated a revenue of USD 3,366.5 million in 2023.
- The market is expected to grow at a CAGR of 12.1% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,366.5 million |
| Market revenue in 2030 | USD 7,501.2 million |
| Growth rate | 12.1% (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, Europe region accounted for 25.1% 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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Europe 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 53.52% in 2023. Horizon Databook has segmented the Europe medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the second-largest market for medical billing outsourcing services. The market in this region is driven by increase in the need for minimizing overall healthcare delivery costs.
The market in Europe has high growth potential due to factors such as change in reimbursement & pricing policies, alliance of large healthcare providers, and increased pressure on European healthcare providers to create more long-term sustainable healthcare systems.
All these factors are expected to offer lucrative opportunities to regional and key players in the market to increase their market size. European region includes prominent countries such as the UK and Germany, which have additional healthcare budget allocation, which is expected to further boost the demand for medical billing outsourcing in the region for more effective and efficient utilization of funds.
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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 continent-level data and insights on the Europe medical billing outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical billing outsourcing market size, by country, 2018-2030 (US$M)
Europe Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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