Global Healthcare BPO Market, By Payer Service (Claims Management, Integrated Front-End Services and Back-Office Operations, Member Management, Provider Management, Care Management, Product Development and Business Acquisition, Billing & Accounts Management Services, HR Services), Provider Service (Revenue Cycle Management, Patient Care, Patient Enrolment & Strategic Planning), Pharmaceutical Service (Manufacturing Services, R&D Services, Non-Clinical Services), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Healthcare BPO Market
Healthcare BPO market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 420.76 billion by 2027, growing at a CAGR of 11.25% in the above-mentioned forecast period. The growing regulatory changes in the U.S. with the implementation of PPACA will help in driving the growth of the healthcare BPO market.
Increasing pressure to reduce rising healthcare costs, demand for niche services, increasing R & D costs and strict regulations will likely to accelerate the growth of the healthcare BPO market in the forecast period of 2020-2027. On the other hand, increasing consolidation in the healthcare industry will further boost various opportunities that will lead to the growth of the healthcare BPO market in the above mentioned forecast period.
Hidden costs of outsourcing and fear of losing visibility and control over the business process will likely to hamper the growth of the healthcare BPO market in the above mentioned forecast period.
This healthcare BPO market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on healthcare BPO market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Healthcare BPO Market Scope and Market Size
Healthcare BPO market is segmented on the basis of payer service, provider service and pharmaceutical service. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on payer service, the healthcare BPO market is segmented into claims management, integrated front-end services and back-office operations, member management, provider management, care management, product development and business acquisition, billing & accounts management services and HR services.
- On the basis of provider service, the healthcare BPO market is segmented into revenue cycle management, patient care and patient enrolment & strategic planning.
- Healthcare BPO market has also been segmented based on the pharmaceutical service into manufacturing services, R & D services and non-clinical services.
Healthcare BPO Market Country Level Analysis
Healthcare BPO market is analysed and market size insights and trends are provided by country, payer service, provider service and pharmaceutical service as referenced above.
The countries covered in the healthcare BPO market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare BPO market due to presence of strong reimbursement framework, high public and private healthcare expenditure, and a high percentage of claim record, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to mature pharmaceutical and medical education system, low cost base, and large English-speaking population.
The country section of the healthcare BPO market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Healthcare BPO Market Share Analysis
Healthcare BPO market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare BPO market.
The major players covered in the healthcare BPO market report are Xerox Corporation, Hinduja Global Solutions, DSM Pharma, Accenture, Cognizant Technology Solutions, Wipro, Genpact, EXLService, Hewlett-Packard, Catalent, HCL, Conduent, Invensis, Infinit Healthcare, AGS Health, Inc, Outsource2india, Omega Healthcare, Pacific Ventures, WNS, TeamHGS, Flatworld Solutions, Taskforce BPO among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Healthcare BPO Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.