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PUBLISHER: Grand View Research | PRODUCT CODE: 1404598
PUBLISHER: Grand View Research | PRODUCT CODE: 1404598
Healthcare Digital Payment Market Size, Share & Trends Analysis Report By Solution, By Mode of Payment, By Deployment, By Enterprise Size, By End-user, By Region, And Segment Forecasts, 2023 - 2030
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Healthcare Digital Payment Market Growth & Trends:
The global healthcare digital payment market size is expected to reach USD 54.80 billion by 2030, expanding at a CAGR of 21.5% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growth of the market can be attributed to the demand for digital payment methods from patients. For instance, in May 2023, according to the survey of 1,348 U.S. healthcare consumers conducted by Salucro, a software company, around 62% of the respondents said patient portals were their preferred method for paying medical bills.
The growing smartphone and internet penetration also have resulted in the growth of the telemedicine industry. Hence, such widespread digitalization in the healthcare sector is anticipated to fuel the growth of the market. Furthermore, several pharmacies have adopted an e-commerce business module for delivering medicines to the doorstep of patients to offer them convenience while purchasing medicines, thereby fueling online payments in the healthcare industry.
The increasing partnerships and collaborations between the hospitals and the digital payment provider are another major factor driving the market's growth. Similarly, the increasing use of digital wallets, credit & debit cards, and other online payment modes among customers across the globe bode well for the market's growth. Moreover, the increased financial transparency to both providers and patients while improving the overall healthcare experience has demanded digital payment in the healthcare sector.
Governments and healthcare regulatory bodies implemented changes to facilitate the use of telehealth and digital healthcare services during the pandemic, thereby driving market growth. Furthermore, digital payment systems allowed for easier billing, electronic statements, and payment plans, improving the overall patient financial experience during a challenging time. Hence, the COVID-19 pandemic accelerated the adoption and innovation of digital payment solutions in healthcare, and these changes are expected to have a lasting impact on the industry's landscape.
Healthcare Digital Payment Market Report Highlights:
- In terms of solution, the payment processing segment dominated the market in 2022 with a a revenue share of more than 22.0%. The increasing launches and offerings for payment processing solutions across the globe have accelerated the growth of this segment
- Based on mode of payment, the bank cards segment dominated the market in 2022 with a share of above 33.0% of the global revenue. Features such as easy EMIs on credit cards and loyalty benefits have driven segmental growth
- In terms of deployment, the cloud segment dominated the market in 2022 with a share of more than 52.0% of the global revenue. This dominance can be attributed to the increasing cloud adoption and developing cloud infrastructure in the industry
- Based on enterprise size, the large enterprises segment dominated the market in 2022 with a share of more than 58.0% of the global revenue. The large enterprises segment dominance is attributed to the increasing adoption of digital payment methods to enhance the customer experience and drive efficiency in the payment process
- Based on end-user, the hospitals segment dominated the market in 2022 with a share of more than 27.0% of the global revenue. This dominance can be attributed to the hospitals adopting digital payment solutions for allowing contactless payments to patients
- The North America region dominated the market in 2022 with a share of over 39.0% of the global revenue. The presence of prominent market players and tech-savvy populations across the region is one of the major factors fueling segment growth
Product Code: GVR-4-68040-151-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Rising Consumer Demand for Convenience
- 3.3.1.2. Cost Efficiency and Revenue Optimization
- 3.3.2. Market Challenge Impact Analysis
- 3.3.2.1. Data Security and Privacy Concerns
- 3.3.3. Market Opportunity Impact Analysis
- 3.3.3.1. Rise in Telehealth and Remote Care
- 3.3.1. Market Driver Impact Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. Healthcare Digital Payment Market: Solution Estimates & Trend Analysis
- 4.1. Solution Movement Analysis & Market Share, 2022 & 2030
- 4.2. Healthcare Digital Payment Market Estimates & Forecast, By Solution
- 4.2.1. Application Program Interface
- 4.2.2. Payment Gateway
- 4.2.3. Payment Processing
- 4.2.4. Payment Security & Fraud Management
- 4.2.5. Transaction Risk Management
- 4.2.6. Others
Chapter 5. Healthcare Digital Payment Market: Mode of Payment Estimates & Trend Analysis
- 5.1. Mode of Payment Movement Analysis & Market Share, 2022 & 2030
- 5.2. Healthcare Digital Payment Market Estimates & Forecast, By Mode of Payment
- 5.2.1. Bank Cards
- 5.2.2. Digital Wallets
- 5.2.3. Net Banking
- 5.2.4. Others
Chapter 6. Healthcare Digital Payment Market: Deployment Estimates & Trend Analysis
- 6.1. Deployment Movement Analysis & Market Share, 2022 & 2030
- 6.2. Healthcare Digital Payment Market Estimates & Forecast, By Deployment
- 6.2.1. Cloud
- 6.2.2. On-premise
Chapter 7. Healthcare Digital Payment Market: Enterprise Size Estimates & Trend Analysis
- 7.1. Enterprise Size Movement Analysis & Market Share, 2022 & 2030
- 7.2. Healthcare Digital Payment Market Estimates & Forecast, By Enterprise Size
- 7.2.1. Large Enterprises
- 7.2.2. Small & Medium Enterprises
Chapter 8. Healthcare Digital Payment Market: End-user Estimates & Trend Analysis
- 8.1. End-user Movement Analysis & Market Share, 2022 & 2030
- 8.2. Healthcare Digital Payment Market Estimates & Forecast, By End-user
- 8.2.1. Hospitals
- 8.2.2. Medical Clinics
- 8.2.3. Pharmacies
- 8.2.4. Health Insurance Companies
- 8.2.5. Telemedicine and Remote Health Services
- 8.2.6. Others
Chapter 9. Healthcare Digital Payment Market: Regional Estimates & Trend Analysis
- 9.1. Healthcare Digital Payment Market: Regional Outlook
- 9.2. North America
- 9.2.1. North America healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.2.2. U.S.
- 9.2.2.1. U.S. healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.2.3. Canada
- 9.2.3.1. Canada healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.3. Europe
- 9.3.1. Europe healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.3.2. UK
- 9.3.2.1. UK healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.3.3. Germany
- 9.3.3.1. Germany healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.3.4. France
- 9.3.4.1. France healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.4.2. China
- 9.4.2.1. China healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.4.3. India
- 9.4.3.1. India healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.4.4. Japan
- 9.4.4.1. Japan healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.4.5. Australia
- 9.4.5.1. Australia healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.4.6. South Korea
- 9.4.6.1. South Korea healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.5. Latin America
- 9.5.1. Latin America healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.5.2. Brazil
- 9.5.2.1. Brazil healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.5.3. Mexico
- 9.5.3.1. Mexico healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.6. Middle East & Africa
- 9.6.1. Middle East & Africa healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.6.2. The Kingdom of Saudi Arabia (KSA)
- 9.6.2.1. The Kingdom of Saudi Arabia (KSA) healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.6.3. UAE
- 9.6.3.1. The UAE healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- 9.6.4. South Arica
- 9.6.4.1. South Africa healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Participant's Overview
- 10.2.1. ACI Worldwide
- 10.2.2. InstaMed
- 10.2.3. Bank of America Corporation
- 10.2.4. Osplabs
- 10.2.5. REPAY
- 10.2.6. Elavon Inc.
- 10.2.7. ClearGage
- 10.2.8. PaymentVision
- 10.2.9. HealthPay24
- 10.2.10. KeyCorp
- 10.3. Financial Performance
- 10.4. Product Benchmarking
- 10.5. Company Market Positioning
- 10.6. Company Market Share Analysis, 2022
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.8.1. Expansion
- 10.8.2. Collaborations
- 10.8.3. Mergers & Acquisitions
- 10.8.4. New Product Launches
- 10.8.5. Partnerships
- 10.8.6. Others
Product Code: GVR-4-68040-151-6
List of Tables
- Table 1 Global Healthcare Digital Payment Market, by Solution, 2017 - 2030 (USD Billion)
- Table 2 Global Healthcare Digital Payment Market, by Mode of Payment, 2017 - 2030 (USD Billion)
- Table 3 Global Healthcare Digital Payment Market, by Deployment, 2017 - 2030 (USD Billion)
- Table 4 Global Healthcare Digital Payment Market, by Enterprise Size, 2017 - 2030 (USD Billion)
- Table 5 Global Healthcare Digital Payment Market, by End-user, 2017 - 2030 (USD Billion)
- Table 6 Global Healthcare Digital Payment Market, by Region, 2017 - 2030 (USD Billion)
- Table 7 Company Market Share, 2022
- Table 8 Company Heat Map Analysis
- Table 9 Key companies undergoing expansion
- Table 10 Key companies undergoing collaborations
- Table 11 Key companies undergoing new product launch
- Table 12 Key companies undergoing mergers & acquisitions
- Table 13 Key companies undergoing other strategies
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Data analysis models
- Fig. 3 Market formulation and validation
- Fig. 4 Data validating & publishing
- Fig. 5 Market snapshot
- Fig. 6 Segment snapshot
- Fig. 7 Competitive landscape snapshot
- Fig. 8 Parent Market Value, 2022 (USD Billion)
- Fig. 9 Healthcare digital payment market - Industry value chain analysis
- Fig. 10 Healthcare digital payment market dynamics
- Fig. 11 Healthcare digital payment market: Porter's analysis
- Fig. 12 Healthcare digital payment market: PESTEL analysis
- Fig. 13 Healthcare digital payment market, by solution: key takeaways
- Fig. 14 Healthcare digital payment market, by solution: market share, 2022 & 2030
- Fig. 15 Healthcare digital payment market estimates & forecasts, by application program interface, 2017 - 2030 (USD Billion)
- Fig. 16 Healthcare digital payment market estimates & forecasts, by payment gateway, 2017 - 2030 (USD Billion)
- Fig. 17 Healthcare digital payment market estimates & forecasts, by payment processing, 2017 - 2030 (USD Billion)
- Fig. 18 Healthcare digital payment market estimates & forecasts, by payment security & fraud management, 2017 - 2030 (USD Billion)
- Fig. 19 Healthcare digital payment market estimates & forecasts, by transaction risk management, 2017 - 2030 (USD Billion)
- Fig. 20 Healthcare digital payment market estimates & forecasts, by others, 2017 - 2030 (USD Billion)
- Fig. 21 Healthcare digital payment market, by: mode of payment key takeaways
- Fig. 22 Healthcare digital payment market, by mode of payment: market share, 2022 & 2030
- Fig. 23 Healthcare digital payment market estimates & forecasts, by bank cards, 2017 - 2030 (USD Billion)
- Fig. 24 Healthcare digital payment market estimates & forecasts, by digital wallets, 2017 - 2030 (USD Billion)
- Fig. 25 Healthcare digital payment market estimates & forecasts, by net banking, 2017 - 2030 (USD Billion)
- Fig. 26 Healthcare digital payment market estimates & forecasts, by others, 2017 - 2030 (USD Billion)
- Fig. 27 Healthcare digital payment market, by: deployment key takeaways
- Fig. 28 Healthcare digital payment market, by deployment: market share, 2022 & 2030
- Fig. 29 Healthcare digital payment market estimates & forecasts, by cloud, 2017 - 2030 (USD Billion)
- Fig. 30 Healthcare digital payment market estimates & forecasts, by on-premise, 2017 - 2030 (USD Billion)
- Fig. 31 Healthcare digital payment market, by enterprise size key takeaways
- Fig. 32 Healthcare digital payment market, by enterprise size: market share, 2022 & 2030
- Fig. 33 Healthcare digital payment market estimates & forecasts, by large enterprises, 2017 - 2030 (USD Billion)
- Fig. 34 Healthcare digital payment market estimates & forecasts, by small & medium enterprises, 2017 - 2030 (USD Billion)
- Fig. 35 Healthcare digital payment market, by: end-user key takeaways
- Fig. 36 Healthcare digital payment market, by end-user: market share, 2022 & 2030
- Fig. 37 Healthcare digital payment market estimates & forecasts, by hospitals, 2017 - 2030 (USD Billion)
- Fig. 38 Healthcare digital payment market estimates & forecasts, by medical clinics, 2017 - 2030 (USD Billion)
- Fig. 39 Healthcare digital payment market estimates & forecasts, by pharmacies, 2017 - 2030 (USD Billion)
- Fig. 40 Healthcare digital payment market estimates & forecasts, by health insurance companies, 2017 - 2030 (USD Billion)
- Fig. 41 Healthcare digital payment market estimates & forecasts, by telemedicine and remote health services, 2017 - 2030 (USD Billion)
- Fig. 42 Healthcare digital payment market estimates & forecasts, by others, 2017 - 2030 (USD Billion)
- Fig. 43 Healthcare digital payment market revenue, by region, 2022 & 2030 (USD Billion)
- Fig. 44 Regional marketplace: key takeaways
- Fig. 45 North America healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 46 US healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 47 Canada healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 48 Europe healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 49 UK healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 50 Germany healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 51 France healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 52 Asia pacific healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 53 China healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 54 India healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 55 Japan healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 56 Australia healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 57 South Korea healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 58 Latin America healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 59 Brazil healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 60 Mexico healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 61 Middle East & Africa healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 62 The Kingdom of Saudi Arabia (KSA) healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 63 UAE healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 64 South Africa healthcare digital payment market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 65 Key company categorization
- Fig. 66 Company market positioning
- Fig. 67 Company market share analysis, 2022
- Fig. 68 Strategic framework
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