Healthcare fraud detection market projected to reach USD 15.36 billion by 2032

From GlobeNewswire: 2025-04-21 08:00:00

The Healthcare Fraud Detection Market, valued at USD 2.54 billion in 2023, is projected to reach USD 15.36 billion by 2032, growing at a CAGR of 21.66% over the forecast period. The U.S. Healthcare Fraud Detection Market is expected to reach USD 4.45 billion by 2032, with a CAGR of 21.29%, driven by increased fraud detection efforts.

Key companies in the Healthcare Fraud Detection Market include IBM, SAS Institute, and Optum, among others. The market is dominated by the U.S., which leads in North America due to high rates of fraudulent schemes like billing fraud and identity theft.

Descriptive Analytics is the leading solution type in the healthcare fraud detection market, comprising 40.12% of the market in 2023. On-Premises delivery mode holds 56.20% of the market share, preferred for data security. Software solutions dominate the market at 70.20%, with AI and machine learning-powered platforms enhancing predictive capabilities.

The Insurance Claims Review segment leads the market with a 38.15% share in 2023. Stringent verification processes and regulatory pressures have fueled demand for fraud detection solutions in healthcare. Healthcare fraud detection is on the rise, with data analytics and AI leading the charge. North America currently dominates the market, but Asia Pacific is expected to see the fastest growth due to increased adoption of digital health technologies and tighter regulations in emerging economies like India and China.

Various solutions, delivery modes, components, applications, and end-users are driving the healthcare fraud detection market. North America holds a 42.36% market share, with Asia Pacific expected to grow at a CAGR of 22.72%. The incorporation of advanced technologies is crucial in detecting fraudulent activities and minimizing financial losses in the healthcare industry.

For more information and in-depth analysis, connect with our team of analysts to stay updated on the latest trends and insights in the healthcare fraud detection market. Stay ahead of the curve by understanding the impact of regulatory changes, market dynamics, and technological advancements in this rapidly evolving sector.



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