Healthcare BPO Global Market to Reach $583.4 Billion by 2030: Increasing Healthcare Costs to Drive Inclination towards BPO Services
Global Market for Healthcare BPO
Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Healthcare BPO: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Healthcare BPO estimated at US$285.1 Billion in the year 2022, is projected to reach a revised size of US$583.4 Billion by 2030, growing at a CAGR of 9.4% over the analysis period 2022-2030.
Provider Service, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$216.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Payer Service segment is readjusted to a revised 9.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $120.4 Billion, While China is Forecast to Grow at 10.7% CAGR
The Healthcare BPO market in the U.S. is estimated at US$120.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$34.6 Billion by the year 2030 trailing a CAGR of 10.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.5% CAGR.
Select Competitors (Total 61 Featured) -
Catalent Pharma Solutions, Inc.
Charles River Laboratories International, Inc.
Cognizant Technology Solutions Corporation
EXLService Holdings, Inc.
GeBBS Healthcare Solutions, Inc.
HCL Technologies Limited
Infosys BPM Limited
Lonza Group AG
PAREXEL International Corp.
Tata Consultancy Services Limited
WNS Global Services Ltd.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
Impact of Covid-19 and a Looming Global Recession
Healthcare BPO - Global Key Competitors Percentage Market Share in 2022 (E)
Leading Players in the Global Contract Research Outsourcing Market by Revenue Share (in %): 2019
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Increasing Healthcare Costs to Drive Inclination towards BPO Services
Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
Aging Population Burdens an Already Strained Healthcare System: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
Per Capita Healthcare Expenditure (in $) by Select Countries for 2018
Regulatory Challenges Inflate the Demand for Healthcare BPO
ICD-10 Coding Standards and Impending Adoption of ICD-11 Standards: Potential for BPO Providers
With Many Benefits of Cloud Computing, "The Cloud" Comes With a Silver Lining for BPO Service Providers Struggling to Remain Cost Competitive in the Era of Value Based Care
Inherent Advantages of Cloud Computing Make "The Cloud" a Game Changer in the Healthcare BPO Industry: Benefits of Cloud Measured in % Efficiency Improvements & Cost Reduction
Revenue Cycle Management Outsourcing Maximize Revenue Collection Operations
Global Market for Revenue Cycle Management: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
Reimbursement Changes Amplify Demand
Rise in Healthcare Industry Consolidation Boosts Growth Opportunities
Select M&A Deals Involving Large Healthcare Firms
Healthcare BPO Market for Pharma Sector
Global Pharmaceutical R&D Spending (US$ Billion) for the Years 2010 through 2020
Patent Cliffs in Pharma Industry Drive Dependence on BPO Providers
Major Pharma Drugs Losing Patents in 2019
Healthcare Analytics Services Address the Challenge of High Data Volumes
Industry Witnesses a Surge in Near Shore Outsourcing
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
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