U.S. Healthcare Payer Technology Market: Growth Outlook Through 2030
The global technology solutions in the U.S. healthcare payer market was valued at USD 7.8 billion in 2023 and is projected to reach USD 12.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.3% from 2024 to 2030. This growth is primarily fueled by the ongoing modernization of core processes such as enrollment and billing, a rise in strategic acquisitions by key market players, growing interest from investors and venture capitalists, and the rapid integration of transformative technologies across the healthcare landscape. Modernization initiatives have become crucial as healthcare payers seek to enhance efficiency, accuracy, and customer experience. One notable example is the strategic acquisition carried out in July 2021, when CitiusTech expanded its payer services by acquiring SDLC Partners. The acquisition allowed CitiusTech to leverage SDLC’s specialized capabilities and experienced workforce, known for delivering high-impa...