Digital Payment in Healthcare Market to Reach USD 30.69 Billion by 2032 | CAGR 13.7% from 2024–2032.
May 19, 2025
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Market Research Future Insights:
The Digital Payment in Healthcare Market is expected to witness robust growth over the coming years. The market size was valued at USD 9.66 billion in 2023 and is projected to grow from USD 10.99 billion in 2024 to USD 30.69 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.7% during the forecast period (2024–2032).
This growth is driven by the rising adoption of digital payment platforms by hospitals, clinics, and insurance providers, along with increasing patient demand for contactless, fast, and secure billing experiences. Integration of payment gateways, mobile wallets, and AI-powered billing systems is transforming the financial operations of healthcare institutions globally.
Digital Payment in Healthcare Market Key Players:
The market features a competitive landscape with the involvement of healthcare IT firms, fintech providers, and digital payment solution developers. Major players include:
• Oracle Corporation
• Cerner Corporation
• Epic Systems Corporation
• Change Healthcare
• Allscripts Healthcare Solutions
• Experian Health
• Availity, LLC
• Siemens Healthineers
• Fiserv, Inc.
• PayPal Holdings, Inc.
For instance, Oracle Health and Change Healthcare are innovating secure, cloud-based billing infrastructures, while PayPal and Fiserv are facilitating seamless mobile and online healthcare payments.
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Market Segmentation:
The Digital Payment in Healthcare Market is segmented based on component, deployment mode, transaction type, and region.
- By Component:
o Solution
o Services
Solutions dominate the segment with extensive adoption of digital payment gateways, POS systems, and mobile payment tools across healthcare institutions. - By Deployment Mode:
o On-Premise
o Cloud-Based
Cloud-based models are gaining popularity due to their scalability, lower operational costs, and integration with telehealth and EMR systems. - By Transaction Type:
o Patient-to-Provider (P2P)
o Provider-to-Provider (P2P)
o Business-to-Business (B2B)
Patient-to-provider transactions lead the segment, as healthcare providers increasingly offer patients multiple digital options for co-payments, insurance payments, and bills.
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Regional Analysis:
The global digital payment in healthcare market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
- North America leads the market, supported by strong healthcare infrastructure, early adoption of digital health technologies, and regulatory support.
• Europe follows closely, driven by digitization initiatives in public health systems and data protection laws like GDPR.
• Asia-Pacific is expected to witness the highest CAGR due to increasing smartphone penetration, growing healthcare spending, and expansion of telemedicine services in countries like India, China, and Japan.
Industry Trends:
Key trends shaping the Digital Payment in Healthcare Market include:
- Contactless Payments: Accelerated by COVID-19, contactless solutions are now essential for safe patient interactions.
• Blockchain Integration: Enhancing payment transparency and security in medical billing and insurance claims.
• Telehealth Integration: Payment systems are being embedded into telemedicine platforms for seamless virtual care transactions.
• AI-Powered Billing: Automation in coding, billing, and revenue cycle management reduces errors and operational costs.
• Mobile Wallet Adoption: Patients prefer wallets like Apple Pay, Google Pay, and PayPal for their convenience and security.
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