Portland, OR -- (SBWIRE) -- 02/23/2018 -- North America and Europe are expected to dominate the global healthcare claims management solutions market during the forecast period. However, the emerging economies in Asia-Pacific and Latin America are expected to offer significant growth opportunities in the near future.

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Global Healthcare Claims Management Solutions Market was valued at $3,644 million in 2015, and is expected to reach $5,213 million by 2022, registering a CAGR of 5.1% during the forecast period. Healthcare claims management process involves various tasks such as organization, billing, filling, updating, and processing of medical claims related to the diagnosis, treatment, and medication of patients.

The global market is driven by factors such as increase in ageing population, rise in incidence of chronic diseases, improved focus on healthcare quality services, and advent of innovative treatments & technologies. Moreover, increase in the number of patients covered under medical insurance, rise in premium costs, expensive care for chronic diseases, and surge in the number of medical claims have boosted the growth of the healthcare claims management solutions market.

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In 2015, North America was the highest revenue contributor to the global market, owing to heavy expenditure to improve the healthcare infrastructure in the region, develop healthcare system, and increase insurance coverage in North American countries. However, the Asia-Pacific region is projected to grow at the highest CAGR of 7.3% during the forecast period, owing to the latent opportunities available for players offering healthcare claims management solutions. The growth of the Asia-Pacific region is supplemented by proactive government initiatives to increase health insurance coverage, surge in geriatric population, and high prevalence of chronic diseases in the region. The healthcare claims management solutions market in Asia is in its nascent stage; thus, is expected to offer new opportunities to market players in the near future.

Healthcare Claims Management Solutions Market Key Segments:

By Type
Software
Hardware
Services

By Deployment Mode
Web-based
Cloud-based
On-premise

By Geography
North America
Europe
Asia-Pacific
LAMEA

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