Middle East & Africa Medical Billing Outsourcing Market Size & Outlook
Middle East & Africa medical billing outsourcing market, 2018-2030 (US$M)
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MEA medical billing outsourcing market highlights
- The MEA medical billing outsourcing market generated a revenue of USD 505.4 million in 2023.
- The market is expected to grow at a CAGR of 11.3% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 505.4 million |
| Market revenue in 2030 | USD 1,067.9 million |
| Growth rate | 11.3% (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, MEA region accounted for 3.8% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 51.03% in 2023. Horizon Databook has segmented the Middle East & Africa medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
Spending on IT infrastructure in the Middle East and Africa (MEA) is increasing every year. Digital transformation is prominent in gulf countries, with cloud infrastructure, data center, and business intelligence/analytics being the focus.
As IT infrastructure is in its core development phase, medical billing outsourcing market is growing at a slow rate in MEA as compared to other developing countries. Outsourcing being the top business trend in the current scenario, gulf countries are improving their position as alternative offshore locations.
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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 continent-level data and insights on the Middle East & Africa medical billing outsourcing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical billing outsourcing market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Billing Outsourcing Market Outlook Share, 2023 & 2030 (US$M)
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