Saudi Arabia Revenue Cycle Management Market Size & Outlook
Saudi Arabia revenue cycle management market, 2018-2030 (US$M)
Related Markets
Saudi Arabia revenue cycle management market highlights
- The Saudi Arabia revenue cycle management market generated a revenue of USD 2.8 million in 2023 and is expected to reach USD 6.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, standalone was the largest revenue generating type in 2023.
- Standalone is the most lucrative type segment registering the fastest growth during the forecast period.
Revenue cycle management market data book summary
| Market revenue in 2023 | USD 2.8 million |
| Market revenue in 2030 | USD 6.1 million |
| Growth rate | 11.8% (CAGR from 2023 to 2030) |
| Largest segment | Standalone |
| Fastest growing segment | Standalone |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Standalone |
| Key market players worldwide | The SSI Group, Veradigm Inc, Athenahealth, Experian PLC, R1 RCM Inc, Epic Systems Corporation, McKesson Corp, NXGN, CareCloud Inc, Quest Diagnostics Inc, Oracle Corp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global revenue cycle management market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa revenue cycle management market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7.5 million by 2030.
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Revenue Cycle Management Market Scope
Revenue Cycle Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia revenue cycle management 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 revenue cycle management market will help companies and investors design strategic landscapes.
Standalone was the largest segment with a revenue share of 64.29% in 2023. Horizon Databook has segmented the Saudi Arabia revenue cycle management market based on integrated, standalone covering the revenue growth of each sub-segment from 2018 to 2030.
It has been estimated by McKinsey that the healthcare sector of GCC countries will grow at 12.1% each year. This is anticipated to boost growth in the hospital industry. It has also been estimated that 0.4% of the hospital stays in GCC countries go unbilled; this amounts to USD 4,000 per year for every bed.
This supports the growing demand for RCM in Saudi Arabia. It has been estimated that the demand for RCM in Saudi Arabia is going to increase at a lucrative rate over the forecast period. Other factors supporting this growth include increasing investment by the Ministry of Health in Saudi Arabia.
The penetration of private hospital chains is also anticipated to promote market growth. As per Saudi Arabia’s Vision 2030, there has been an emphasis on public-private collaborations and driving digital transformations in the healthcare space.
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Our clientele includes a mix of revenue cycle management 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 Saudi Arabia revenue cycle management market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia revenue cycle management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia revenue cycle management market size, by type, 2018-2030 (US$M)
Saudi Arabia Revenue Cycle Management Market Outlook Share, 2023 & 2030 (US$M)
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