Fierce Healthcare March 21, 2023
North American firms accounted for the largest market share in the payer services space, though analysts expect that companies based in the Asia-Pacific market will grow the most over the next several years. (Mongkol Onnuan/Getty Images)
The payer services market is expected to grow by double digits annually over the next several years, according to a new analysis.
These services, which include data analytics, digital health and care management, are in growing demand, according to analysts at Markets and Markets, which conducts market research. The report said the sector was worth about $69.9 billion in 2022. That’s expected to increase by an 11.1% compound annual growth rate, reaching $118.2 billion by 2027, according to the analysis.
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