Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "Global Healthcare BPO Market by Payer Service, Pharmaceutical Service, Provider Service - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Healthcare BPO Market size was estimated at USD 248.24 billion in 2022, USD 271.38 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.52% to reach USD 514.20 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Market Segmentation & Coverage:
This research report categorizes the Global Healthcare BPO Market in order to forecast the revenues and analyze trends in each of the following sub-markets:
- Based on Payer Service, the market is studied across Billing and Accounts Management Services, Care Management, Claims Management Services, HR Services, Integrated Front-End Services and Back-Office Operations, Member Management Services, Product Development and Business Acquisition Services, and Provider Management Services. The Claims Management Services is further studied across Claims Adjudication Services, Claims Indexing Services, Claims Investigation Services, Claims Repricing, Claims Settlement Services, Fraud Detection and Management, and Information Management Services. Care Management is projected to witness a significant market share during the forecast period.
- Based on Pharmaceutical Service, the market is studied across Manufacturing, Non-Clinical Services, and Research & Development. The Non-Clinical Services is further studied across Sales and Marketing Services and Supply Chain Management & Logistics. The Sales and Marketing Services is further studied across Analytics, Forecasting, Marketing Services, and Performance Reporting. The Research & Development is projected to witness a significant market share during the forecast period.
- Based on Provider Service, the market is studied across Patient Care, Patient Enrollment, and Revenue Cycle Management. Patient Care is further studied across Device Monitoring, Medical Imaging, and Medical Transcription. Patient Enrollment is projected to witness a significant market share during the forecast period.
- The Americas commanded the largest market share of 38.36% in 2022, followed by Europe, Middle East & Africa.
Market Dynamics
Drivers
- Rising Demands for Impeccable Pharmacovigilance
- Pressure to Reduce Rising Healthcare Costs
- Increasing R&D Costs and Strict Regulations
Restraints
- Hidden Cost of Outsourcing
Opportunities
- Top-notch Healthcare Outsourcing Companies Investing in Emerging Economies
- Need for Structured Processes, Documentation
Challenges
- Lack of Skilled Workforce Professionals
- Inter Competition from Hospital Management Companies
Competitive Portfolio
- Accenture PLC
- Catalent, Inc.
- Cognizant Technology Solutions Corporation
- ExlService Holdings, Inc.
- Firstsource Solutions Limited
- Gebbs Healthcare Solutions
- Genpact limited
- HCL Technologies Limited
- Hewlett Packard Enterprise Company
- Hinduja Global Solutions
- Infosys Limited
- International Business Machines Corporation
- Invensis Technologies Pvt Ltd.
- Koninklijke DSM N.V.
- Lonza Group AG
- Omega Healthcare
- Quintiles IMS Holdings
- R1 RCM, Inc.
- Sykes Enterprises, Incorporated
- Tata Consultancy Services Limited
- Wipro Limited
- WNS (Holdings) Ltd.
- Xerox Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $271.38 Billion |
| Forecasted Market Value (USD) by 2030 | $514.2 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/jwsrsn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
