Germany Medical Billing Outsourcing Market Size & Outlook
Germany medical billing outsourcing market, 2018-2030 (US$M)
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Germany medical billing outsourcing market highlights
- The Germany medical billing outsourcing market generated a revenue of USD 767.6 million in 2023 and is expected to reach USD 1,815.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 13.1% 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.
Medical billing outsourcing market data book summary
| Market revenue in 2023 | USD 767.6 million |
| Market revenue in 2030 | USD 1,815.3 million |
| Growth rate | 13.1% (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, Germany accounted for 5.7% 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 Europe, Germany medical billing outsourcing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,815.3 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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Germany 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 53.19% in 2023. Horizon Databook has segmented the Germany medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
There are several private hospitals in Germany, as its healthcare system follows Bismarck Model. This model is also followed in countries such as France, Austria, Switzerland, Belgium, Holland, and Japan. The model covers every citizen, and the overall profit to healthcare provider is low.
Moreover, factors such as increase in mergers & acquisitions among medical service providers and introduction of IT solutions to improve efficiency of paying authorities & service providers are boosting the demand for medical billing outsourcing services. According to a recent research, healthcare costs in Germany have increased by 1.4% in recent years.
In addition, according to Statutory Health Insurance, physicians in the country are bound to code according to International Statistical Classification of Diseases and Related Health Problems, 10th revision, German Modification. The ICD-10-GM contains approximately 80,000 terms and requires in depth knowledge & expertise for accurate coding. Establishment of this coding system, coupled with rapid increase in healthcare costs, is driving growth of medical billing outsourcing market in Germany.
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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 Germany medical billing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical billing outsourcing market size, by component, 2018-2030 (US$M)
Germany Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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