According to the report titled ‘GLOBAL Healthcare Fraud Analytics And Detection Market 2019-2028, available with Market Study Report, global healthcare fraud analytics and detection market is anticipated to grow with a CAGR of 23.63% during 2019-2028.
 

The report cites that factors propelling the growth of global healthcare fraud analytics and detection market are rising medical expenditures which has led to a greater number of people opting for health insurance facilities.
 

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However, reluctance across underdeveloped and developing countries to adopt the system due to huge investment requirements, coupled with concerns regarding fraudulent activities are some challenges faced by global healthcare fraud analytics and detection market sphere.
 

In terms of type, the industry is divided as descriptive analysis, predictive analysis, and prescriptive analysis. Speaking of application gamut, the market is bifurcated as review of insurance claims, and payment integrity. While the end users of worldwide healthcare fraud analytics & detection market are private insurance payers, government agencies, and others.
 

Geographically, North America, Europe, Asia Pacific, Latin America, are Middle East & Africa are thoroughly scrutinized to understand the industry trends and to identify profitable opportunities which can be leveraged in these regions.
 

As per estimates, Asia Pacific is touted to emerge as a lucrative growth hub for healthcare fraud analytics and detection market over 2019-2028. Governments in the APAC region are constantly focusing on improving the healthcare system, which along with surge in fraud cases leading to loss for insurers are bolstering the adoption of solutions.
 

Established firms profiled in the report are International Business Machines Corporation (IBM), Northrop Grumman Corporation, Pondera Solutions LLC, McKesson Corporation, FICO (Fair, Isaac & Company), Change Healthcare, DXC Technology, RELX, UnitedHealth Group Incorporated, SAS Institute, Cotiviti Corp.,  EXL Service, CGI Inc., and OSP Labs.