The European Fraud Detection Systems report defines and segments the concerned market in Europe with analysis and forecast of revenue. The fraud detection system market in Europe is estimated to grow to around $477.9 million by 2018, at a CAGR of 4.6% from 2013 to 2018.
Browse through the TOC of the European fraud detection systems market, to get an idea of the in-depth analysis provided. This also provides a glimpse of the market segmentation, and is supported by various tables and figures.
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Fraud detection systems examine medically impossible procedures, services billed while the patient is hospitalized, non-covered services that were paid, provider billing errors, provider up-coding and miscoding, and duplicate services across providers and claim types.
The demand in the European fraud detection systems market is likely to increase because of the rising need to cut overall healthcare costs, improve quality and care of clinical outcomes, better the operational efficiency, and use software results in reduction of medical errors. Rise in initiatives by the European Commission such as the eGovernment Action Plan 2011-2015 to support and complement Information and Communication Technologies (ICT) including eHealth and allocation of 5% of health budget to implement healthcare IT solutions will accelerate the growth of healthcare workflow systems market.
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Europe has been successful in implementing the healthcare Payer IT solutions like workflow systems which include fraud detection systems, to meet the needs of the stakeholders in the European regions. The purchasing power of the European countries has increased and this has therefore attracted many foreign players to the Healthcare Payer IT market. IT implementation of fraud detection systems help integrate department-wise data from the provider, payer, and provides a more efficient and secured way of processing medical claims, thereby reducing errors and chances of fraud. It helps decide the credibility of patients applying for insurance cover and facilitates more transparency between providers and payers.
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This market is segmented and forecast on the basis of components and deployments of fraud detection systems market in the European region. The components comprise hardware, software, and services, and the deployments are on-premise, cloud-based, and web-based. On the basis of products, the market is divided as integrated fraud detection systems and standalone fraud detection systems. The market is further segmented and forecast on the basis of major countries, such as Germany, France, the U.K., Italy, and Spain. The market is also segmented and analyzed further on the basis of the end-users.
This report also includes the market share, value chain analyses, and market metrics such as drivers, restraints and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market including major companies of the market.
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