The Latin America, Middle East and Africa Revenue Cycle Management Market would witness market growth of 15.4% CAGR during the forecast period (2022-2028).
Demand is expanding due to government initiatives that are also anticipated to contribute to market growth. It is anticipated that technological advancements will result in the production of items with lower overall production costs, which will contribute to economic expansion. In addition, an expanding product application scope is anticipated to increase the need for revenue cycle management due to its benefits. These advantages include a reduction in billing errors and an improvement in the operational efficiency of healthcare management.
Revenue cycle management market growth will be supported by several possibilities, including more consolidation among organizations offering end-to-end solutions and demand for RCM solutions in the cloud. The revenue cycle management market is predicted to expand in the coming years due to both of these elements. Government incentives to implement revenue cycle management systems, lowering total medical expenditures, rising healthcare expenses, and decreased reimbursement in the healthcare sector are the primary drivers of the market for revenue cycle management.
The Saudi Arabian government's Vision 2030 plans to spend $65 billion to build the nation's healthcare system. Also, by 2030, it plans to increase the private sector's participation from 405 to 65%. In addition, they want to privatize 2,300 major health facilities, including 290 hospitals. The Ministry of Healthcare also intends to launch a health cluster throughout Saudi Arabia to advance integrated and preventative care and improve access to healthcare services. The rise of the regional revenue cycle management market is predicted to be supported by the growing healthcare industry in the region.
The Brazil market dominated the LAMEA Revenue Cycle Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,776.9 Million by 2028. The Argentina market is experiencing a CAGR of 16% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 15.1% during (2022 - 2028).
Based on End-use, the market is segmented into Hospitals, Physicians, Diagnostic Laboratories and Others. Based on Deployment, the market is segmented into Web-based, Cloud and On-premise. Based on Component, the market is segmented into Software and Services. Based on Type, the market is segmented into Integrated and Standalone. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Revenue Cycle Management Market is Projected to reach USD 227.8 Billion by 2028, at a CAGR of 12%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Quest Diagnostics Incorporated, Athenahealth, Inc. (Veritas Capital), GE HealthCare Technologies, Inc., Experian PLC, R1 RCM, Inc., Epic Systems Corporation, eClinicalWorks LLC, McKesson Corporation, Oracle Corporation (Cerner Corporation), and AllScripts Healthcare Solutions, Inc.
Scope of the Study
Market Segments Covered in the Report:
By End-use
- Hospitals
- Physicians
- Diagnostic Laboratories
- Others
By Deployment
By Component
By Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Quest Diagnostics Incorporated
- Athenahealth, Inc. (Veritas Capital)
- GE HealthCare Technologies, Inc.
- Experian PLC
- R1 RCM, Inc.
- Epic Systems Corporation
- eClinicalWorks LLC
- McKesson Corporation
- Oracle Corporation (Cerner Corporation)
- AllScripts Healthcare Solutions, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Revenue Cycle Management Market, by End-use
1.4.2 LAMEA Revenue Cycle Management Market, by Deployment
1.4.3 LAMEA Revenue Cycle Management Market, by Component
1.4.4 LAMEA Revenue Cycle Management Market, by Type
1.4.5 LAMEA Revenue Cycle Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Revenue Cycle Management Market
Chapter 4. LAMEA Revenue Cycle Management Market by End-use
4.1 LAMEA Hospitals Market by Country
4.2 LAMEA Physicians Market by Country
4.3 LAMEA Diagnostic Laboratories Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Revenue Cycle Management Market by Deployment
5.1 LAMEA Web-based Market by Country
5.2 LAMEA Cloud Market by Country
5.3 LAMEA On-premise Market by Country
Chapter 6. LAMEA Revenue Cycle Management Market by Component
6.1 LAMEA Software Market by Country
6.2 LAMEA Services Market by Country
Chapter 7. LAMEA Revenue Cycle Management Market by Type
7.1 LAMEA Integrated Market by Country
7.2 LAMEA Standalone Market by Country
Chapter 8. LAMEA Revenue Cycle Management Market by Country
8.1 Brazil Revenue Cycle Management Market
8.1.1 Brazil Revenue Cycle Management Market by End-use
8.1.2 Brazil Revenue Cycle Management Market by Deployment
8.1.3 Brazil Revenue Cycle Management Market by Component
8.1.4 Brazil Revenue Cycle Management Market by Type
8.2 Argentina Revenue Cycle Management Market
8.2.1 Argentina Revenue Cycle Management Market by End-use
8.2.2 Argentina Revenue Cycle Management Market by Deployment
8.2.3 Argentina Revenue Cycle Management Market by Component
8.2.4 Argentina Revenue Cycle Management Market by Type
8.3 UAE Revenue Cycle Management Market
8.3.1 UAE Revenue Cycle Management Market by End-use
8.3.2 UAE Revenue Cycle Management Market by Deployment
8.3.3 UAE Revenue Cycle Management Market by Component
8.3.4 UAE Revenue Cycle Management Market by Type
8.4 Saudi Arabia Revenue Cycle Management Market
8.4.1 Saudi Arabia Revenue Cycle Management Market by End-use
8.4.2 Saudi Arabia Revenue Cycle Management Market by Deployment
8.4.3 Saudi Arabia Revenue Cycle Management Market by Component
8.4.4 Saudi Arabia Revenue Cycle Management Market by Type
8.5 South Africa Revenue Cycle Management Market
8.5.1 South Africa Revenue Cycle Management Market by End-use
8.5.2 South Africa Revenue Cycle Management Market by Deployment
8.5.3 South Africa Revenue Cycle Management Market by Component
8.5.4 South Africa Revenue Cycle Management Market by Type
8.6 Nigeria Revenue Cycle Management Market
8.6.1 Nigeria Revenue Cycle Management Market by End-use
8.6.2 Nigeria Revenue Cycle Management Market by Deployment
8.6.3 Nigeria Revenue Cycle Management Market by Component
8.6.4 Nigeria Revenue Cycle Management Market by Type
8.7 Rest of LAMEA Revenue Cycle Management Market
8.7.1 Rest of LAMEA Revenue Cycle Management Market by End-use
8.7.2 Rest of LAMEA Revenue Cycle Management Market by Deployment
8.7.3 Rest of LAMEA Revenue Cycle Management Market by Component
8.7.4 Rest of LAMEA Revenue Cycle Management Market by Type
Chapter 9. Company Profiles
9.1 Oracle Corporation (Cerner Corporation)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 GE HealthCare Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.3 Athenahealth, Inc. (Veritas Capital)
9.3.1 Company overview
9.3.2 Recent strategies and developments:
9.3.2.1 Product Launches and Product Expansions:
9.4 Quest Diagnostics Incorporated
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.5 Experian PLC
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Product Launches and Product Expansions:
9.5.4.2 Acquisition and Mergers:
9.6 R1 RCM, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Recent strategies and developments:
9.6.3.1 Partnerships, Collaborations, and Agreements:
9.6.3.2 Acquisition and Mergers:
9.7 Epic Systems Corporation
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.8 AllScripts Healthcare Solutions, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional & Segmental Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.9 eClinicalWorks LLC
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.10. McKesson Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental Analysis
9.10.4 Research & Development Expense
TABLE 1 LAMEA Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 4 LAMEA Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 5 LAMEA Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Physicians Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Physicians Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Diagnostic Laboratories Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Diagnostic Laboratories Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 14 LAMEA Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 15 LAMEA Web-based Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Web-based Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 22 LAMEA Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 23 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 28 LAMEA Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 29 LAMEA Integrated Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Integrated Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Standalone Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Standalone Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Revenue Cycle Management Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Revenue Cycle Management Market by Country, 2022 - 2028, USD Million
TABLE 35 Brazil Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 36 Brazil Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 37 Brazil Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 38 Brazil Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 39 Brazil Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 40 Brazil Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 41 Brazil Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 42 Brazil Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 43 Brazil Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 44 Brazil Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 45 Argentina Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 46 Argentina Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 47 Argentina Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 48 Argentina Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 49 Argentina Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 50 Argentina Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 51 Argentina Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 52 Argentina Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 53 Argentina Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 54 Argentina Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 55 UAE Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 56 UAE Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 57 UAE Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 58 UAE Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 59 UAE Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 60 UAE Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 61 UAE Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 62 UAE Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 63 UAE Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 64 UAE Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 75 South Africa Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 76 South Africa Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 77 South Africa Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 78 South Africa Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 79 South Africa Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 80 South Africa Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 81 South Africa Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 82 South Africa Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 83 South Africa Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 84 South Africa Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 85 Nigeria Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 86 Nigeria Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 87 Nigeria Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 88 Nigeria Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 89 Nigeria Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 90 Nigeria Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 91 Nigeria Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 92 Nigeria Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 93 Nigeria Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 94 Nigeria Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Revenue Cycle Management Market, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Revenue Cycle Management Market, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Revenue Cycle Management Market by End-use, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Revenue Cycle Management Market by End-use, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Revenue Cycle Management Market by Deployment, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Revenue Cycle Management Market by Deployment, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Revenue Cycle Management Market by Component, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Revenue Cycle Management Market by Component, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Revenue Cycle Management Market by Type, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Revenue Cycle Management Market by Type, 2022 - 2028, USD Million
TABLE 105 Key Information – Oracle Corporation
TABLE 106 Key Information – GE HealthCare Technologies, Inc.
TABLE 107 Key Information – Athenahealth, Inc.
TABLE 108 Key information – Quest Diagnostics Incorporated
TABLE 109 key information – Experian PLC
TABLE 110 key information – R1 RCM, Inc.
TABLE 111 Key Information – Epic Systems Corporation
TABLE 112 Key Information – AllScripts Healthcare Solutions, Inc.
TABLE 113 Key Information – eClinicalWorks LLC
TABLE 114 Key Information – McKesson Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT analysis: Oracle Corporation