Press release
Healthcare BPO Services Market is Potentially Worth of USD 68,198.3 Million by 2025 - Cognizant, Infosys Limited, Tata Consultancy Services Limited, Genpact, Xerox Corporation, GeBBS Healthcare Solutions, IBM, Accenture, WNS (Holdings) Ltd., HCL Technolog
The Insight Partners
Global healthcare BPO services is expected to reach US$ 68,198.3 Mn in 2025 from US$ 35,818.9 in 2017. The market is estimated to grow with a CAGR of 8.6% from 2018-2025.
The objective of the study is to describe, define, and forecast the healthcare BPO services by payer service, provider service, pharmaceutical service and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
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The top 15 industry players operating in the market of Healthcare BPO Services across the globe includes-
1. Accenture
2. IBM
3. WNS (Holdings) Ltd.
4. HCL Technologies Limited.
5. Invensis Technologies Pvt Ltd
6. Cognizant
7. Infosys Limited
8. Tata Consultancy Services Limited
9. Genpact
10. Xerox Corporation
11. GeBBS Healthcare Solutions
12. Capgemini
13. Omega Healthcare
14. Flatworld Solutions Pvt. Ltd., and
15. Magellan Solutions
Healthcare BPO services is segmented by payer service, provider service, and pharmaceutical service. Global healthcare BPO services, based on payer service was segmented into claims administration, billing, member management, provider management, fraud management, and others. Global healthcare BPO services, based on the provider service was segmented into medical billing, medical coding, finance & accounts, and others. The healthcare BPO services, based on pharmaceutical service was segmented into research & development, manufacturing, sales & marketing, supply chain & logistics, and others.
Healthcare Business Processing Outsourcing (BPO) offers customized solutions to the healthcare providers and payers to reduce the complexity of various tedious tasks involved at several stages of the workflow and establishment. These services are also helpful to enrich resource allocation, boost the financial performance of the company/organization, seek strategic growth support as well as reduce operational costs to maximize profit margins. The report would be of an interest to various stakeholders operating in the healthcare BPO services. These stakeholders include hospitals, pharmaceutical manufacturers, contract research organizations, medical device suppliers, market research, equipment manufacturers, and consulting firms.
The report analyzes factors affecting healthcare BPO services from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key healthcare BPO service offering companies along with their SWOT analysis and market strategies.
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GLOBAL HEALTHCARE BPO SERVICES MARKET – KEY MARKET DYNAMICS 38
1 KEY MARKET DRIVERS 38
1.1 Constant Changes in Government Regulations 38
1.2 Mounting Pressure on Healthcare Providers to Reduce Healthcare Costs 38
1.3 Rising Consolidation in the Healthcare BPO Industry 39
2 KEY MARKET RESTRAINTS 40
2.1 Dearth Of Skilled Professionals 40
2.2 Hidden Costs of Outsourcing 40
3 KEY MARKET OPPORTUNITY 41
3.1 Services Leading with Automation and Analytics 41
4 FUTURE TREND 41
1 Outsourcing Teleradiology Services 41
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
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