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Healthcare Finance Solutions Market to Reach $276.04 billion, Globally, by 2032 at 9.3% CAGR: Allied Market Research
The healthcare finance solutions market is driven by one major trend of its adoption in the gaming industry.
PORTLAND, Ore., Sept. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Healthcare Finance Solution Market by Equipment Type (Imaging Equipment, Specialist Beds, Surgical Instruments, Decontamination Equipment, and IT Equipment), Healthcare Facility Type (Hospitals And Health Systems, Outpatient Imaging Centers, Outpatient Surgery Centers, Diagnostic Laboratories, and Others) And Services (Equipment and Technology Finance, Working Capital Finance, Project Finance Solution, and Corporate Lending): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global Healthcare finance solutions industry generated $115.94 billion in 2022 and is anticipated to generate $276.04 billion by 2032, witnessing a CAGR of 9.3% from 2023 to 2032.
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Healthcare finance solutions has been harnessed for world-building and level design. Game developers can now use procedural generation techniques, often powered by GANs or other generative models, to create vast and dynamic game environments without the need for manual design of every element. This significantly speeds up the game development process and enhances the gaming experience with procedurally generated content.
Prime determinants of growth
The healthcare finance solutions market’s growth is underpinned by multiple crucial factors such as the complex landscape of healthcare, including diverse payment models, insurance plans, and reimbursement structures, propels the demand for sophisticated financial tools that can navigate this complexity seamlessly. In addition, the escalating costs of medical services and treatments necessitate efficient financial management to maximize revenue collection and control expenditures. Moreover, the accelerated integration of technology in healthcare operations, spanning electronic health records, digital billing, and telehealth, drives the requirement for comprehensive financial systems that can handle these processes cohesively. Additionally, evolving regulatory frameworks and compliance standards mandate adaptable financial solutions to ensure adherence to industry guidelines. Furthermore, the shift towards value-based care models, focusing on patient outcomes and overall wellness, prompts investments in solutions that merge financial strategies with patient-centered approaches. The rising global healthcare expenditure and the continuous need for improved operational efficiency further stimulate the growth of this market.
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period  |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$115.94 billion |
|
Market Size in 2032 |
$276.04 billion |
|
CAGR |
9.3 % |
|
No. of Pages in Report |
427 |
|
Segments Covered |
Equipment Type, Healthcare Facility Type, Services, and Region. |
|
Drivers |
Technological advancements Aging population Regulatory changes |
|
Opportunities |
Artificial Intelligence (AI) integration |
|
Restraints |
Data security and privacy concerns Complex reimbursement models |
Covid-19 Scenario
- The impact of COVID-19 on the healthcare finance solutions market has been predominantly positive. This be attributed to advancements in treatment, healthcare tools, or equipment and the development of advanced healthcare infrastructure. Healthcare providers continue to participate in various value-based care models that drive clinical integration and financial risk based on performance.
- In addition, the growing demand for remote healthcare services and digital health platforms presents opportunities for healthcare finance solutions that cater to telemedicine and virtual care needs. Blockchain and decentralized finance (DeFi) solutions have the potential to enhance transparency, security, and efficiency in healthcare finance management.
The decontamination equipment segment to maintain its leadership status throughout the forecast period
Based on equipment type, the decontamination equipment segment held the highest market share in 2022, accounting for nearly two-fifths of the global healthcare finance solutions market revenue and is estimated to maintain its leadership status throughout the forecast period, this was attributed to the rising awareness of healthcare-associated infections and the importance of infection control are driving the adoption of decontamination equipment. Hospitals and other healthcare facilities are investing in advanced sterilization and disinfection technologies to prevent the spread of infections is expected to aid the market growth. However, the specialist beds segment is projected to manifest the highest CAGR of 12.7% from 2023 to 2032, owing to the growing emphasis on home healthcare services, there is a rising need for adaptable and multifunctional beds that meet patients’ requirements in their own homes. Such factors aid segmental growth which is ultimately driving the market globally, which is expected to positively impact market growth.
The hospitals and health systems segment to maintain its leadership status throughout the forecast period
Based on healthcare facility type, the hospitals and health systems segment held the highest market share in 2022, accounting for more than one-third of the global healthcare finance solutions market revenue, owing to the increasing demand for healthcare services due to a growing aging population and the prevalence of chronic diseases drives the expansion of hospitals and health systems. In addition, technological advancements in medical equipment and treatment methodologies also contribute to the growth of this segment, which is driving the growth of the market. However, the outpatient surgery centers segment is projected to manifest the highest CAGR of 13.1% from 2022 to 2032, The growth of outpatient surgery centers is fueled by the rising demand for cost-effective and convenient surgical services. Patients prefer these centers due to shorter waiting times, lower infection risks, and reduced healthcare costs compared to traditional hospital-based surgeries.
The equipment and technology finance segment to maintain its leadership status throughout the forecast period
Based on services, the equipment and technology finance segment held the highest market share in 2022, accounting for nearly half of the global healthcare finance solutions market revenue, this is attributed to the demand for equipment and technology finance in the healthcare industry is expected to witness significant growth due to the continuous advancements in medical technologies and the need for up-to-date equipment to deliver quality healthcare services. As medical technologies rapidly evolve, healthcare providers seek financing options to keep their facilities equipped with the latest tools. However, the corporate lending segment is projected to manifest the highest CAGR of 12.6% from 2022 to 2032. As healthcare companies seek to expand their operations and gain a competitive edge, they will require financial support to execute strategic business plans. Furthermore, the emergence of digital health startups and innovative healthcare ventures will create opportunities for corporate lending in the healthcare industry.
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North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global healthcare finance solutions market revenue. This is because of growing critical staffing shortages and revenue deficits plaguing health systems are demanding an innovative solution to tackle this obstacle due to which several market players are addressing with new intelligent automation capabilities for insurance discovery. For instance, FinThrive, Inc., a healthcare revenue management software-as-a-service (SaaS) provider with the industry’s most comprehensive end-to-end platform, announced the introduction of new intelligent automation capabilities within its insurance discovery solution to alleviate critical staffing shortages for hospitals and health systems. However, the Asia-Pacific region is expected to witness the fastest CAGR of 12.7% from 2023 to 2032 and is likely to dominate the market during the forecast period, several startup companies across the Asia-Pacific region are entering into partnerships to provide solutions for the healthcare needs of consumers across all critical stages of healthcare delivery. For instance, in November 2021, Piramal Capital & Housing Finance Limited (PCHFL), the wholly owned subsidiary of Piramal Enterprises Limited, partnered with API Holdings Limited (API Holdings) through its digital platform Retailio, India’s largest digital B2B healthcare platform to provide financing solutions to healthcare institutions in India. This partnership aims at synergizing respective capabilities to provide efficient and seamless financing solutions to consumers, retailers, and merchants in the API Holdings’ healthcare ecosystem will accelerate the advancement of healthcare finance solutions across the Asia Pacific.
Leading Market Players: –
- B.C. Ziegler and Company
- Commerce Bancshares, Inc.
- eCapital, Inc.
- First-Citizens Bank & Trust Company
- FORVIS, LLP
- GE HealthCare
- Johnson & Johnson Medical Ltd
- Koninklijke Philips N.V.
- Siemens Healthcare Private Limited
- Siena Healthcare Finance
The report provides a detailed analysis of these key players in the global healthcare finance solutions market. These players have adopted different strategies such as expansion, merger, and product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data & Graphs, and Key Players’ Strategies: https://www.alliedmarketresearch.com/healthcare-finance-solutions-market/purchase-options
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
President Mnangagwa, who is SADC Chairperson, reaffirmed his own country’s and SADC’s enthusiastic support for Zambian candidate Sam Maimbo
LUSAKA, Zambia, Dec. 20, 2024 /PRNewswire/ — Special Envoy Kavindele released the following statement following the meeting:
“I am elated to witness the growing success and momentum of Sam Maimbo’s candidacy to become the next President of the African Development Bank. I am filled with gratitude to our friends across both SADC and COMESA for their continued support and good wishes.
Sam has garnered such wide consensus due to his being uniquely qualified to deliver the transformative change and empowerment our continent needs. Sam’s 30 years in development work is defined by driving outcomes, improving processes, and investing in people. The AfDB needs a hands-on leader who is laser focused on delivering results and who is unafraid of making tough decisions in order to best serve our continent. Sam is that leader. Sam has the track record and experience to drastically enhance the pace, scale, and impact of the Bank’s work in service of the people and governments of Africa.
Our region has a proud history of supporting fellow Southern Africans. For example, we all recall Lusaka’s role in hosting the African National Congress’ headquarters during the dark days of Apartheid oppression.
It therefore gives me no pleasure to observe my South African brothers, who have themselves leant on Zambia’s steadfast friendship over many decades, fail to rally behind both SADC and COMESA’s chosen candidate for the AfDB. Africa’s urgent economic development challenges demand transformational leadership at the AfDB, it is all of our responsibility to put forward the best candidate for the job. This is not the time or place for a government to act with narrow self-interest, we all must act in the continent’s and AfDB’s best interest.
I thank Sam Maimbo for his lifelong service to our entire continent, and I am eager to witness his enormous impact as President of the AfDB.”
LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.
With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.
Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.
Key Tips to Protect Businesses This Holiday Season:
- Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
- Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
- Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
- Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
- Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
- Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
- Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.
“ Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.
Common Holiday Scams That Businesses Should Watch For:
Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:
- Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
- Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
- Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
- Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
- Corporate travel scams: Fake booking platforms targeting business travelers.
- Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.
For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.
About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Madalina Popovici
Media Relations Manager
[email protected]
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According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
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