Healthcare BPO Market Size Rise Globally by Enormous Revenues worth USD 449623.8 Million with Progressing 12.3% CAGR by 2023
Healthcare BPO Market Global Opportunity rises by Services (Pharmaceutical Services, Non-Clinical Services, Payer Services, Claim Management, Member Management, Provider Services, Medical Billing, and Medical Coding) – Global Forecast Till 2023
Pune, India – June 10, 2019 /MarketersMedia/ —
Healthcare BPO Market – Overview
The rising need for streamlining documentation in the hospital set up is motivating the healthcare BPO market. The market is projected to boost its expansion by achieving revenues worth USD 449623.8 Million while progressing with a CAGR of 12.3% in the forecast period.
The increasing popularity of outsourcing is expected to boost the development of the market for health care BPO. Reduced expenses and functionally efficiency are the key benefits that are expected to back the growth of the market in the coming years. Furthermore, increased focus on focus on core business activities in a hospital is driving the growth of the market to a great extent.
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The expansion of a strong value chain is additionally motivating the development of the market. The vertical supplements and product tactics of the market are advancing the potential of the market players. The growth of the market is moving in a promising direction due to new product introductions or intensifying gross revenue of the players in the market.
Increased conformity of market players to new customers and market trend inclinations are boosting the growth curve of the market and will persist in the forecast period. The tactical goals intended for the market are buoyed due to advantageous product differentiation carried out by market contestants. Substantial cuts in administrative costs are inducing further expansion of the market.
The effective implementation of strategies is likely to stimulate the market in the coming years. The notable competitors in the healthcare BPO market are
IBM,
Cognizant,
Accenture,
Sykes,
Infosys
and HCL.
Healthcare BPO Market Segmental Analysis
The segmentation of the healthcare BPO market is done on the basis of services which comprises of payer services, pharmaceutical services, and provider services. The pharmaceutical segment has been additionally segmented into manufacturing, research and development, and non-clinical services. The payer services segment has been additionally segmented into member management, claim management, care management, provider management, and product development & business acquisition. The provider services segment is also further segmented into medical coding, medical billing, medical transcription, and finance & accounts.
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Healthcare BPO Market Detailed Regional Analysis
The regional analysis of the healthcare BPO market states that the Americas region represents the major market portion for the healthcare BPO market. In 2016, the Americas region is responsible for the principal share of 57.3 % of the global healthcare BPO market. A strong economy and immense development in the healthcare domain are expected to support the growth of the market in the Americas region.
Additionally, high healthcare spending, the focus of the leading company and the high implementation rate of advanced technology in the region are projected to motivate the expansion of the market. The increasing support from the government for the growth of the healthcare sector is an important driver for the market.
Moreover, the demand for niche services and growing cost savings will enhance the market development in the forecast period. The European region is accountable for the next principal share of the healthcare BPO market. Escalating healthcare revenue is the key driving factor for the market development. Furthermore, the increasing government support and backing for the development of the facilities have reinforced the growth of the market.
The Asia Pacific region is projected to maintain its robust growth trajectory over the forecast period. The speedily advancing healthcare sector, high health care expenditure, increasing healthcare industries & organizations and improving technology are factors is spurring the market growth in the Asia Pacific region.
Intended Audience
Medical Devices Companies
Research and Development (R&D) Companies
Government Research Institutes
Academic Institutes and Universities
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LIST OF TABLES
Table 1 Primary Interviews
Table 2 Global Healthcare BPO Market, By Services 2014-2023 (USD Million)
Table 3 Global Healthcare BPO Market, By Pharmaceutical Services 2014-2023 (USD Million)
Table 4 Global Healthcare BPO Market, By Payer Services 2014-2023 (USD Million)
Table 5 Global Healthcare BPO Market, By Provider Services 2014-2023 (USD Million)
Table 6 Global Healthcare BPO Market, By Region, 2014-2023 (USD Million)
Table 7 Americas Healthcare BPO Market, By Region, 2014-2023 (USD Million)
Table 8 North America Healthcare BPO Market, By Services, 2014-2023 (USD Million)
Table 9 U.S. Healthcare BPO Market, By Services, 2014-2023 (USD Million)
Table 10 Canada Healthcare BPO Market, By Services, 2014-2023 (USD Million)
Table 11 South America Healthcare BPO Market, By Product Types, 2014-2023 (USD Million)
Table 12 Europe Healthcare BPO Market, By Region, 2014-2023 (USD Million)
Table 13 Europe Healthcare BPO Market, By Services, 2014-2023 (USD Million)
Table 14 Western Europe Healthcare BPO Market, By Services, 2014-2023 (USD Million)
…to be continued.
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