Japan Medical Billing Outsourcing Market Size & Outlook
Japan medical billing outsourcing market, 2018-2030 (US$M)
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Japan medical billing outsourcing market highlights
- The Japan medical billing outsourcing market generated a revenue of USD 725.1 million in 2023 and is expected to reach USD 1,847.7 million by 2030.
- The Japan market is expected to grow at a CAGR of 14.3% 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 725.1 million |
| Market revenue in 2030 | USD 1,847.7 million |
| Growth rate | 14.3% (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, Japan accounted for 5.4% 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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Japan 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 51.62% in 2023. Horizon Databook has segmented the Japan medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has a large geriatric population and significant number of people are suffering from chronic diseases & opting for various medical treatments. Rising healthcare costs and increasing need for hospitals & healthcare institutions to focus on maximizing profits are driving the need for medical billing outsourcing in Japan.
Growing focus on providing effective care services and reducing healthcare costs is expected to boost outsourcing of medical billing processes in the country. Medical billing outsourcing has become a crucial part of hospitals and clinics to achieve efficiency and streamline operations. Stringent and changing federal regulations make it difficult for hospitals & other healthcare providers to ensure timely billing. This may adversely affect overall patient care experience. Hence, the demand for outsourcing RCM processes is increasing.
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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 country-level data and insights on the Japan medical billing outsourcing market , including forecasts for subscribers. This country databook contains high-level insights into Japan medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan medical billing outsourcing market size, by component, 2018-2030 (US$M)
Japan Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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