Digital Payment in Healthcare Market worth USD 35.64 Billion, growing at a 24.23% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Apr 14, 2023
Market Research Future Insights
According to MRFR analysis, the global digital payment in healthcare market is expected to register a CAGR of 24.23% from 2022 to 2030 and hold a value of over USD 35.64 Billion by 2030.
The digital payment in healthcare market refers to the use of electronic payment methods to facilitate financial transactions in the healthcare industry. This includes payment for medical services, prescription drugs, insurance premiums, and other healthcare-related expenses. The COVID-19 pandemic has accelerated the adoption of digital payment solutions in healthcare. With the need to reduce physical contact and minimize the risk of transmission of the virus, healthcare providers have increasingly turned to digital payment methods to facilitate financial transactions. Furthermore, the pandemic has led to a significant increase in demand for telemedicine services, which also rely heavily on digital payment solutions.
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Key players
Some of the top key market players are
- Aurus Inc. (US)
- Aliant Payments (US)
- Stripe (US)
- ACI Worldwide Inc. (US)
- Global Payments Direct Inc. (US)
- First Data Corporation (US)
- PayPal (US)
- Worldpay LLC (UK)
- Wirecard AG (Germany)
- Fiserv Inc. (US)
- InstaMed (US).
Digital Payment in Healthcare Market Report Scope:
|
Parameter |
Details |
|
Revenue Forecast in 2030: |
USD 35.64 billion |
|
Growth Rate: |
CAGR of 24.23% from 2022 to 2030 |
|
Forecast Period: |
2022 -2030 |
|
Report Coverage |
The primary driving factor for the high adoption rate of digital payment methods in the healthcare industry in North America. The market in Europe is expected to be the second-largest during the review period due to the increasing demand for fast and hassle-free transaction services and the establishment of digital payment methods in healthcare software start-ups. |
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Market Segmentation
The Global digital payment in healthcare market has been segmented into based on component, deployment and organization size.
Based on Component: Solutions and Services
Based on Deployment: On-Premise and Cloud
Based on Organization Size: Small and Medium-Sized Enterprises and Large Enterprises
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Regional Analysis
The digital payment in healthcare market is expected to grow significantly in the coming years, driven by increasing adoption of electronic payment solutions in the healthcare industry. North America is currently the largest market for digital payment in healthcare, with the United States being a major contributor. The Asia-Pacific region is also expected to see significant growth in the digital payment in healthcare market, driven by increasing investments in healthcare infrastructure and growing adoption of technology in the healthcare industry.
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