Healthcare BPO Global Market to Reach $583.4 Billion by 2030: Increasing Healthcare Costs to Drive Inclination towards BPO Services

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Global Market for Healthcare BPO

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) -

• Accenture Plc

• Boehringer Ingelheim

• Catalent Pharma Solutions, Inc.

• Conduent, Inc.

• Covance, Inc.

• Charles River Laboratories International, Inc.

• Cognizant Technology Solutions Corporation

• EXLService Holdings, Inc.

• GeBBS Healthcare Solutions, Inc.

• Genpact Limited

• HCL Technologies Limited

• Infosys BPM Limited

• IQVIA

• Lonza Group AG

• PAREXEL International Corp.

• Syneos Health

• Tata Consultancy Services Limited

• Wipro 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

Key Attributes:

Report Attribute	Details
No. of Pages	397
Forecast Period	2022 - 2030
Estimated Market Value (USD) in 2022	$285.1 Billion
Forecasted Market Value (USD) by 2030	$583.4 Billion
Compound Annual Growth Rate	9.4%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• Impact of Covid-19 and a Looming Global Recession

• Outlook

• Segment Review

• 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

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ximfsc

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• Global Market for Healthcare BPO

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