Healthcare fraud detection market to hit $15.36b by 2032

Asia Pacific is projected to be the fastest-growing region.

The global healthcare fraud detection market is expected to grow from $2.54b in 2023 to $15.36b by 2032, at a CAGR of 21.66%, according to a report by SNS Insider.

The market’s expansion is being fueled by the rising incidence of fraudulent activities in the healthcare sector and the growing adoption of advanced analytics technologies. With fraud schemes becoming increasingly sophisticated, healthcare organisations are under pressure to implement more effective detection and prevention systems.

Asia Pacific is projected to be the fastest-growing region in the healthcare fraud detection landscape, with an anticipated CAGR of 22.72% over the forecast period. Key drivers include the modernisation of healthcare infrastructures, a surge in the adoption of electronic health records, and increased awareness of fraud risks in rapidly developing countries like India and China.

Governments across the Asia Pacific region are pushing digital transformation initiatives and tightening regulatory frameworks, prompting both healthcare providers and payers to invest in AI-powered fraud analytics. These efforts aim to reduce financial losses and safeguard the integrity of healthcare delivery.