Digital payment in healthcare market is anticipated to grow at a considerable CAGR of 20.2% during the forecast period. The digital payment in healthcare market is experiencing significant growth and transformation due to factors such as the rising technology adoption, consumer preference for convenience, regulatory support, security and fraud prevention, integration with healthcare systems, and the impact of the COVID-19 pandemic. For instance, in June 2022, the Centers for Medicare & Medicaid Services (CMS) established standards for electronic funds transfer (EFT) and electronic remittance advice (ERA) to help streamline healthcare payment and reduce administrative costs. Digital payment solutions in healthcare offer electronic transactions and technologies to process payments related to healthcare services, medical bills, insurance claims, and other healthcare-related financial transactions. These solutions aim to improve efficiency, reduce administrative costs, enhance security, and provide convenience to both healthcare providers and patients.
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The global digital payment in healthcare market is segmented based on its component solution, deployment and organization size. Based on component solution, the market is segmented into solution and service. Based on the deployment, the market is categorized into on-premise and cloud. Based on the organization size, the market is segmented into SMEs and large enterprises. Among the deployment, cloud-based sub-segment is anticipated to register significant growth over the coming years. The convenience, efficiency, and contactless nature of cloud-based payment solutions make them appealing to both patients and healthcare providers. Enhanced security measures instil confidence in patients regarding the protection of their financial data. These payment systems seamlessly integrate with existing healthcare management platforms, reducing operational expenses and promoting a global reach.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Digital Payment in Healthcare Market by Component Solution
- Solution
- Service
Global Digital Payment in Healthcare Market by Deployment
- On-Premise
- Cloud
Global Digital Payment in Healthcare Market by Organization Size
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Square, Inc.
- Stripe
- Adyen
- Alipay
- WeChat Pay
- Apple Pay
- Google Pay
- Samsung Pay
- Visa Inc.
- Mastercard
- American Express
- Fiserv, Inc.
- Paysafe Group
- Paytm
- Razorpay
- se
- Medisafe
- doctolib
- Zocdoc
- Practo
- HealthTap
- Amwell
- Teladoc Health
- Doctor on Demand
- MDLive
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital payment in healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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