Global Medical Billing Outsourcing Market Size & Outlook
Global medical billing outsourcing market, 2018-2030 (US$M)
Related Markets
Global medical billing outsourcing market highlights
- The global medical billing outsourcing market generated a revenue of USD 13,430.1 million in 2023 and is expected to reach USD 30,171.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.3% by 2030.
- In terms of segment, outsourced accounted for a revenue of USD 7,291.6 million in 2023.
- Outsourced is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13,430.1 million |
| Market revenue in 2030 | USD 30,171.1 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Outsourced |
| Fastest growing segment | Outsourced |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | In-house, Outsourced |
Other key industry trends
- In terms of revenue, the North America accounted for 47.0% of the global medical billing outsourcing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 12,258.8 million by 2030.
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Medical Billing Outsourcing Market Scope
Medical Billing Outsourcing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Promantra | View profile | 501-1000 | Somerset, New Jersey, United States, North America | http://www.promantra.us |
| AdvancedMD | View profile | 101-250 | South Jordan, Utah, United States, North America | http://www.advancedmd.com/ |
| Kareo | View profile | 501-1000 | Irvine, California, United States, North America | http://www.kareo.com |
| eClinicalWorks | View profile | 1001-5000 | Westborough, Massachusetts, United States, North America | http://www.eclinicalworks.com |
| R1 RCM Inc | View profile | 30000 | 434 West Ascension Way, 6th Floor, Murray, UT, United States, 84123 | https://www.r1rcm.com |
| McKesson Corp | View profile | 51000 | 6555 State Highway 161, Irving, TX, United States, 75039 | https://www.mckesson.com |
| Quest Diagnostics Inc | View profile | 48000 | 500 Plaza Drive, Secaucus, NJ, United States, 07094 | https://www.questdiagnostics.com |
| Veradigm Inc | View profile | 7869 | 222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, United States, 60654 | https://www.veradigm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
Global medical billing outsourcing 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 medical billing outsourcing market will help companies and investors design strategic landscapes.
Outsourced was the largest segment with a revenue share of 54.29% in 2023. Horizon Databook has segmented the Global medical billing outsourcing market based on in-house, outsourced covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Medical Billing Outsourcing Component Outlook (Revenue, USD Million, 2018-2030)
- In-house
- Outsourced
- Global Medical Billing Outsourcing Services Outlook (Revenue, USD Million, 2018-2030)
- Back-end Services
- Front-end Services
- Middle-end Services
- Global Medical Billing Outsourcing End-Use Outlook (Revenue, USD Million, 2018-2030)
- Hospital
- Physician Office
- Others
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Target buyers of Global medical billing outsourcing market databook
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Our clientele includes a mix of medical billing outsourcing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical billing outsourcing market , including forecasts for subscribers. This global databook contains high-level insights into Global medical billing outsourcing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global medical billing outsourcing market size, by region, 2018-2030 (US$M)
Top 10 countries: Medical billing outsourcing market size, 2023 (US$M)
Global medical billing outsourcing market share, by end-use, 2023 & 2030 (%, US$M)
Medical billing outsourcing market: Opportunity assessment by country
Global medical billing outsourcing market, by region, 2023 (US$M)
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