Asia Fraud Detection Market

Healthcare is one of the rapidly-growing sectors in Asia, especially in India. The number of healthcare organizations is increasing significantly in the Asian market, in lieu to meet the demands of the vast population of the region. The incidence of fraud claims and activities have been on the rise, mainly through medical reimbursement processes and health insurance claims. The Asian fraud detection market is projected to grow significantly in the coming years, with the help of the booming healthcare IT sector, in order to meet the demands of fraud detection in the region.

In 2013, the Asian fraud detection market accounted for a share of 12.53% in the global fraud detection market. The Asian market is projected to grow at a CAGR of 5.5% from 2013 to 2018. Japan is the largest contributor in the market, having accounted for a share of 35.2% in 2013, followed by India with a market share of 30.27%. The Indian market segment is expected to be the fastest-growing segment, projected to grow at a CAGR of 5.7% during the given forecast period. Furthermore, in the Asian market, web-based deployment of fraud detection systems is the most important segment, having accounted for a share of 62% in 2013. Despite the lowest market share, the cloud-based deployment solution is expected to be the fastest-growing segment, projected to grow at a CAGR of 6.4% from 2013 to 2018.

With the rapidly-growing demand for healthcare, the healthcare sectors in Asia are moving towards digitization, in lieu to meet the demands for efficient & cost-effective administration and operations in healthcare delivery. Medical tourism is one of the biggest sources of revenue for the Asian healthcare sector. Numerous private players are entering, establishing, or expanding their operations in the Asian healthcare markets, especially in the healthcare IT segment. The growth of the healthcare IT sector in Asia has resulted in the adoption of software, statistical tools, and analytics to secure the healthcare sector from fraud. Thus, the healthcare fraud detection market is projected to grow at a rapid pace in the coming years. Some of the major companies that are contributing to the growth of the market in Asia include Infor (U.S.), Oracle Corporation (U.S.), and Avaya, Inc. (U.S.), among others.

The Asian fraud detection market report provides details of the segmentation of the healthcare fraud detection market in Asia. The Asian market has been segmented in terms of products, end-users, deployment models, components, and major countries in the region. Japan, China, and India, among others, are the major countries that have been considered for this extensive market analysis. The main end-users of the market include hospitals, nurses, emergency healthcare providers, clinics, and office-based physicians, among others. The main components of fraud detection systems include hardware, software, and services. On the basis of deployment models, the market has been segmented into cloud-based, on-premise, and web-based. Integrated and standalone fraud detection are the major products of this market. The report also provides insights into the competitive landscape of the market, along with profiles of major players in the Asian fraud detection market.

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