As per researchers from Zion Market Research, the worldwide healthcare reimbursement market is expected to surge at about USD 24.33 billion by the end of 2026, growing at a CAGR of 18.7% during the forecast period. The demand in the global market for healthcare reimbursement is rising owing to the initiatives by administrations toward making sure the quality healthcare for all. The healthcare segment is undergoing fast developmental steps on the intrinsic and extrinsic fronts. Despite the technological developments in the field of healthcare, a number of attempts have been done to make sure that healthcare facilities can be benefited by all the masses. The administration has also become massively driven toward ensuring unprecedented availability of healthcare facilities for people. The healthcare reimbursement includes a range of relaxation and rebates presented to the masses to avail healthcare facilities and receive proper medical treatment.
Some of the key participants in the market are Aviva, Allianz, UnitedHealth Group, BNP Paribas, Aetna, CVS Health, WellCare Health Plans, AgileHealthInsurance, Nippon Life Insurance, and The Blue Cross Blue Shield Association.
Rising Cost Of Prescription Medicine Projected To Spur The Global Healthcare Reimbursement Market
The increasing patient volume with surged cost of prescription medicine is causing a burden on people, which is expected to stimulate the expansion of the market. Also, a constant augment in the cost of healthcare is motivating stakeholder interest into reimbursement. The healthcare spending is elevating as prices for treatment, doctor consultation, and prescription drugs are upswing. The change in lifestyles are causing rising occurrence of chronic diseases like diabetes, heart diseases, and cancer, which in return are enhancing the healthcare cost. About half of the population across the U.S. has at least one of these illnesses and they are costly to treat.
The global healthcare reimbursement market is segmented into claim, payers, service provider, and geography. Based on the claims, the market is divided into underpaid and full paid. Based on the payers, the market is divided into private payers and public payers. Based on the service provider, the market is divided into physician office, diagnostic laboratories, hospitals, and others.
North America Region To Report The Largest Market Share In The Global Healthcare Reimbursement Market
Based on geographical analysis, the global healthcare reimbursement market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region ruled the market during 2017. It is estimated to remain prevailing during the forecasted period. The presence of robust reimbursement outline and several insurance players are the major trends benefiting the expansion of the market. In addition, the ACA (Affordable Care Act) in the U.S. makes its compulsory to have treatment. The Asia Pacific region is poised to undergo the fastest expansion in the forecasted period. The estimated surge in geriatric population and the supportive administrative initiatives in the emerging economies are some of the main factors likely to spur the market’s development in this region.
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The global healthcare reimbursement market is segmented as follows:
- Fully Paid
- Private Payers
- Public Payers
By Service Provider:
- Physician Office
- Diagnostic Laboratories
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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