Revenue Cycle Management Market Size

Revenue Cycle Management Market size was over USD 59.25 billion in 2024 and is poised to reach USD 311.21 billion by the end of 2037, witnessing around 13.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of revenue cycle management is assessed at USD 65.7 billion. The growth of the market can be attributed to the rising need for structured healthcare services together with the adoption of such systems that integrate administrative data such as a patient's identity, insurance plan, and others for quick value-based reimbursement owing to the growing pool of patients worldwide. For instance, as per recent updates, there were over 2,00,700 patients admitted at the general hospitals of Norway in 2022.

In addition to these, factors that are believed to fuel the market growth of the revenue cycle management market include the rise in healthcare spending worldwide which is responsible for the growing need for unifying the overall healthcare system through the active deployment of various IT solutions such as RCM, that enables healthcare facilities to track patient care episodes from registration and appointment scheduling to the final payment of a balance. According to the statistics by the World Bank, the current health expenditure around the globe as a share of GDP rose from 8.63% in the year 2000 to 9.84% in the year 2019. Hence, the growing patient footfall in hospitals owing to the widespread of various types of chronic diseases globally and elevated spending is predicted to present the potential for market expansion over the projected period.