Digital Payment in Healthcare Market – Growth, Trends, Industry Analysis and Forecasts (2022 to 2029)

Digital Payment in Healthcare Market was valued at US$ 9.62 Bn. in 2021. The Global Digital Payment in Healthcare Market size is estimated to grow at a CAGR of 22 % over the forecast period.

Digital Payment in Healthcare Market Overview:

The Global Digital Payment in Healthcare Market report gives a comprehensive assessment of the market for the estimate time frame. The report involves different sections as well as an investigation of the patterns and factors that are assuming a significant part on the lookout. These elements; the market elements include the drivers, limitations, opportunities, and difficulties through which the effect of these variables in the market is illustrated. The drivers and restrictions are inborn variables though valuable opportunities and difficulties are inessential elements of the market. The Global Digital Payment in Healthcare Market study gives a point of view toward the advancement of the market regarding income all through the forecast period. Digital Payment in Healthcare Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Digital Payment in Healthcare Market Dynamics:

The growing rate of smartphones is a crucial driver of this market. Due to smartphones, many can use digital payments applications. Further, effortlessly of payments in the wellbeing business is high. Computerized payments are quicker than cash payments. In the present circumstance, patients can cover the bill through point-by-point payment effortlessly. There are a lot of advantages of computerized payments. The decrease in the exchange payment time is a central point driving business sector interest. Because of these variables, the Digital Payment in Healthcare Market Sales will increment. Further, digital payments in the health insurance sector are constantly growing. It is a vital driver for the market as it will prompt market extension. Advanced payments in the medical services industry were embraced exclusively in enormous undertakings. Nonetheless, today the little and different areas in the wellbeing business are taking on this innovation. The advanced change of the medical services area is another driver. The medical services industry is progressing concerning careful advances and payment modes. All these contribute to the maximum demand for this market. The fast and secure digital payment services in healthcare will create lucrative growth opportunities in the market. There is going to be high speed and effective digital payment service in the upcoming years. The Key player of the market are making more speculations to improve computerized payments in medical care. Likewise, the improvements in the web and entrance will set out a lot of development open doors. The 5G organization will give adaptable, quick and powerful internet providers for the clients. Cell phones clients will quickly adjust to this organization foundation. Additionally, there are a lot of advantages in computerized payments in the medical care area because of this turn of events. The administrations of computerized payments will be quicker because of 5g organizations. This large number of helps in remarkable development opportunities for the market. The market extension rate is colossal for computerized payments in medical services markets. The key players of the market are also developing digital payments API for the healthcare industry. This industry-specific development will lead to a wide range of growth opportunities. DP in Healthcare Market has few restraints that can hamper growth. The prevalence of paper-based billing is a major restraint in this market. Also, Digital payments methods in the healthcare sector are highly popular. However, most medical services firms rely upon paper-based charging. The heritage frameworks are reasonable for charging programming. The majority of the medical care businesses wonder whether or not to adjust to the new advanced payments strategies. Likewise, the absence of worldwide payment stages is one more restriction of this market. The administrative and consistence norms are not legitimate in numerous districts. Cross payment border is another drawback in digital payments in the healthcare market. All these factors can hamper the demand for digital payment in the healthcare market during the forecast period. Cyber-attacks are threats that are a significant challenge in this market. These attacks can bring a damaging impact on the market. The rising reception of advanced payments is raising the dangers and network protection issues. Digital assaults are developing. Propels digital assaults require very good quality avoidance strategies. Nonetheless, for an enormous scope, medical care endeavors a lot of delicate data is a danger. Because of this, many undertakings wonder whether or not to adjust to this innovation. The security features of digital payments in healthcare are not enough. The key players are trying to develop security features. It will likely fix this challenge in the upcoming years.

Digital Payment in Healthcare Market Trends:

The key players are launching QR based digital payment in the healthcare industry. It will build the effectiveness of payments. The key player is presenting the approval lift highlight in the advanced payment stage. A component can undoubtedly recognize extortion and dangers in unauthentic payments. The central members are fostering a creative portable application for the medical care industry. All the payments can be quickly done through this application.

Digital Payment in Healthcare Market Segment Analysis:

Based on Deployment Type, the on-premise segment dominated the market in 2021 and accounted for more than 65.0% share of the global revenue. The on-premise arrangement of digital payment gives associations unlimited authority over applications and frameworks, which can be handily overseen by the association's IT staff. Additionally, the expanded recurrence of monetary cheats in the midst of the COVID-19 pandemic is likewise one of the main considerations driving the demand for on-premise arrangements among associations. The cloud segment is anticipated to grow at the highest CAGR over the forecast period. The proceeded rollout of savvy city projects, combined with the rising number of automated retail locations, is one of the central point’s driving the development of the section. Moreover, endeavours taken by payment organizations to coordinate man-made reasoning highlights in their payment framework are supposed to emphasize the fragment development. For example, in October 2021, Mastercard, a monetary specialist co-op, and Previse, an AI-fuelled payments organization, reported the reconciliation of Mastercard Cross-Border Services, an payments stage, into Previse's InstantPay stage. This collaboration will help the companies to pay their suppliers instantly across the globe. Digital Payment in Healthcare Market Based on Component, the solution processing segment dominated the market in 2021 and accounted for more than 25.5% share of the global revenue. The rising inclination for internet shopping across the globe is provoking retailers to embrace payment handling answers for give clients consistent checkout encounters. Players giving payment handling arrangements center around consolidations and acquisitions and associations to reinforce their market presence. For example, in October 2021, PXP Financial Inc., a payment processing service provider, announced its partnership with Shift4, a payment processing solution provider.

Digital Payment in Healthcare Market Regional Insights:

The North America region held the largest market share accounting for 34% in 2021. The regional market benefits from factors, such as the increasing deployment of and technology enhancements in smart parking meters. For example, in July 2020, ParkMobile, a stopping arrangement supplier, reported its organization with EasyPark, an offices specialist co-op. Through this organization, the previous organization gave contactless payments office all through Vancouver city. In addition, the developing number of automated stores in the U.S. is driving the interest for advanced payment arrangements. For example, in November 2019, Ahold Delhaize, a Netherlands-based grocery store, declared the launch of its clerk less store in the U.S. Europe is supposed to observe critical development over the conjecture period. Banks in Europe are putting forth attempts to send off an European payment drive pointed toward making a bound together payments answer for shippers and purchasers across the locale. Such drives are supposed to set out new development opportunities for the market over the forecast period. Moreover, the digital campaign launched by the Italian government to increase electronic payments in the country is also propelling the regional market growth. The objective of the report is to present a comprehensive analysis of the global Digital Payment in Healthcare Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Digital Payment in Healthcare Market dynamic, and structure by analyzing the market segments and projecting the Digital Payment in Healthcare Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Digital Payment in Healthcare Market make the report investor’s guide.

Digital Payment in Healthcare Market Scope: Inquire before buying

Global Digital Payment in Healthcare Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 9.62 Bn.
Forecast Period 2022 to 2029 CAGR: 22% Market Size in 2029: US $ 24.5 Bn.
Segments Covered: by Deployment Type • On-Premise • Cloud
by Component • Solution • Service • Intelligence
by Enterprise size • Small size • Medium size • Large size

Digital Payment in Healthcare Market by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Digital Payment in Healthcare Market Key Players:

Aurus Inc. (US) • Aliant Payments (US) • Stripe (US) • ACI Worldwide, Inc. (US) • Global Payments Direct, Inc. (US) • First Data Corporation (US) • PayPal (US) • Worldpay, LLC (UK) • Wirecard AG (Germany) • Fiserv, Inc. (US) • InstaMed (US) • BillingTree (US) • Change Healthcare (US) • Elavon Inc. (US) • Zelis Payments (US). Frequently Asked Questions about Digital Payment in Healthcare Market 1] What segments are covered in the Digital Payment in Healthcare Market report? Ans. The segments covered in the Digital Payment in Healthcare Market report are based on Component, Deployment Type and Enterprise size. 2] Which region is expected to hold the highest share in the Digital Payment in Healthcare Market? Ans. The North America region is expected to hold the highest share in the Digital Payment in Healthcare Market 3] What is the market size of the Digital Payment in Healthcare Market by 2027? Ans. The market size of the Digital Payment in Healthcare Market by 2029 is expected to reach US$ 24.5 Bn. 4] What is the forecast period for the Digital Payment in Healthcare Market? Ans. The forecast period for the Digital Payment in Healthcare Market is 2022-2027. 5] What was the market size of the Digital Payment in Healthcare Market in 2021? Ans. The market size of the Digital Payment in Healthcare Market in 2021 was valued at US$ 9.62 Bn.
1. Global Digital Payment in Healthcare Market Size: Research Methodology 2. Global Digital Payment in Healthcare Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Digital Payment in Healthcare Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Digital Payment in Healthcare Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Digital Payment in Healthcare Market Size Segmentation 4.1. Global Digital Payment in Healthcare Market Size, by Deployment Type (2021-2027) • On-Premise • Cloud 4.2. Global Digital Payment in Healthcare Market Size, by Components (2022-2029) • Solution • Service • Intelligence 4.3. Global Digital Payment in Healthcare Market Size, by Enterprise Size (2022-2029) • Small size • Medium size • Large size 5. North America Digital Payment in Healthcare Market (2022-2029) 5.1. North America Digital Payment in Healthcare Market Size, by Deployment Type (2022-2029) • On-Premise • Cloud 5.2. North America Digital Payment in Healthcare Market Size by Components (2022-2029) • Solution • Service • Intelligence 5.3. North America Digital Payment in Healthcare Market Size by Enterprise Size • Small size • Medium size • Large size 5.4. North America Digital Payment in Healthcare Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Digital Payment in Healthcare Market (2022-2029) 6.1. European Digital Payment in Healthcare Market, by Deployment Types (2022-2029) 6.2. European Digital Payment in Healthcare Market, by Components (2022-2029) 6.3. European Digital Payment in Healthcare Market, by Enterprise Size (2022-2029) 6.4. European Digital Payment in Healthcare Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Digital Payment in Healthcare Market (2022-2029) 7.1. Asia Pacific Digital Payment in Healthcare Market, by Deployment Types (2022-2029) 7.2. Asia Pacific Digital Payment in Healthcare Market, by Components (2022-2029) 7.3. Asia Pacific Digital Payment in Healthcare Market, by Enterprise Size (2022-2029) 7.4. Asia Pacific Digital Payment in Healthcare Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Digital Payment in Healthcare Market (2022-2029) 8.1. Middle East and Africa Digital Payment in Healthcare Market, by Deployment Types (2022-2029) 8.2. Middle East and Africa Digital Payment in Healthcare Market, by Components (2022-2029) 8.3. Middle East and Africa Digital Payment in Healthcare Market, by Enterprise Size (2022-2029) 8.4. Middle East and Africa Digital Payment in Healthcare Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Digital Payment in Healthcare Market (2022-2029) 9.1. South America Digital Payment in Healthcare Market, by Deployment Types (2022-2029) 9.2. South America Digital Payment in Healthcare Market, by Components (2022-2029) 9.3. South America Digital Payment in Healthcare Market, by Enterprise Size (2022-2029) 9.4. South America Digital Payment in Healthcare Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Aurus Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Aliant Payments 10.3. Stripe 10.4. ACI Worldwide, Inc. 10.5. Global Payments Direct, Inc. 10.6. First Data Corporation 10.7. PayPal 10.8. Worldpay, LLC 10.9. Wirecard AG 10.10. Fiserv, Inc. 10.11. InstaMed 10.12. BillingTree 10.13. Change Healthcare 10.14. Elavon Inc. 10.15. Zelis Payments

About This Report

Report ID 63212
Category Information Technology & Telecommunication
Published Date June 2022
Updated Date
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