Revenue Cycle Management Market Regional Analysis:
North American Market Insights
The share of revenue cycle management market in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 36% by the end of 2035. The growth of the market can be attributed majorly to the growing digital transformation in the healthcare industry as well as the rising healthcare IT spending besides increasing adoption of the latest IT solutions such as revenue cycle management systems in the healthcare sector to enhance efficiency and improve value-based care reimbursement. As per a survey, in the United States alone 75% of hospitals and health systems deployed revenue cycle management (RCM) technology during the COVID-19 pandemic. Moreover, the presence of well-established healthcare facilities as well as favorable regulations for the key market players in the region is predicted to create lucrative growth opportunities for the market region.
APAC Market Insights
The Asia Pacific revenue cycle management market is estimated to be the second largest, registering a share of about 26% by the end of 2035. The growth of the market can be attributed majorly to the growing efforts to improve care delivery quality as well as rising favorable government initiatives of emerging economies to promote digital transformation in the healthcare sector resulting in the increasing adoption of healthcare IT solutions. Moreover, the rising digital literacy as well as advancing healthcare infrastructure along with a growing pool of patients being covered by various types of insurance is further anticipated to propel the market growth in the upcoming years.
Middle East & Africa Market Insights
Middle East & Africa region is anticipated to register substantial growth through 2035. The growing pool of patient base, as well as the surging demand for quality healthcare facilities as well as increasing adoption of healthcare policies and plans such as medical insurance along with continuous digital transition in the healthcare sector, are some factors promoting the adoption of market in the region.
