openPR Logo
Press release

Healthcare BPO Market Share, Demand, New Opportunities and Foresight to 2023

11-30-2018 12:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

/ PR Agency: Market Research Future
Healthcare BPO Market

Healthcare BPO Market

Market Research Future has added a report titled “Healthcare BPO Market Research Report -Forecast till 2023” to its offering. The report provides an in-depth analysis of regional data and an accurate projection of the market size and share of the Top 10 market players across the globe.

The Global Healthcare BPO Market is projected to thrive exponentially striking a CAGR of 12.3% during the forecast period 2017 to 2023. The market is projected to reach a valuation of USD 449,623.8 Mn by 2023-end up from USD 199,533.8 Mn in 2017. The accelerating revenue from the healthcare sector coupled with the increasing demand from fast-developing economies is anticipated to catalyze the expansion of the healthcare BPO market.

Loss of revenue due to poor billing practices and maintenance are the key areas of focus in the healthcare sector. According to a published research report, a loss of USD 125 Bn is incurred every year due to inefficient billing practices. It has intensified the demand for the adoption of BPO in the healthcare sector globally. The trend is poised to perpetuate through the assessment period.

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/1335

The enormous costs associated with the healthcare facilities remain a challenge to the industry leaders. Thus, a shift towards outsourcing has been witnessed for bringing health care costs down by 30% to 60%, and it is likely to continue through the review period. Furthermore, outsourcing ensures operational efficiency by professionals which is expected to passively fuel demand in the market. Nevertheless, increasing complaints regarding poor BPO services are estimated to slow down the rate of growth by 0.5% to 1% in the foreseeable future.

Global Market for Healthcare BPO-Competitive Dashboard:

Sykes, Accenture, HCL, IBM, Cognizant, and INFOSYS among others.

Global Market for Healthcare BPO-Segmental Analysis:

MRFR’s report offers a detailed segmental analysis of the market on the basis of services. By services, the global healthcare BPO market has been segmented into pharmaceutical services, payer services, and provider services. The pharmaceutical services segment is sub-segmented into research and development, manufacturing, and non-clinical Services. The payer services segment has been sub-segmented into claim management, member management, provider management, care management, and product development & business acquisition. The provider services segment is further sub-segmented into medical billing, medical coding, medical transcription, and finance & accounts.

The pharmaceutical services segment held the maximum share of the market in 2016 and is estimated to register a CAGR of 12.4% during the forecast period. The segment is poised to grow from USD 125,849.8 Mn in 2016 to USD 329,000.3 Mn by 2023.

Regional Outlook:

By region, the healthcare BPO market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas hold a significant share of the global healthcare BPO market. It is likely to exhibit substantial growth over the next couple of years. The factors such as rising healthcare expenditure, technological advancements, increasing health awareness about healthcare facilities, etc. have augured well for the market players. Additionally, the presence of key players and its strategies for gaining traction in the market are poised to have a positive influence on the expansion of the regional market. The region is well equipped for the adoption of the latest technologies, which when coupled with government support is projected to lead the growth of the market.

Europe is expected to remain a highly lucrative market through the projection period. The growth is mostly attributable to the high expenditure in the healthcare sector. According to a report published by OECD, in 2014, the healthcare expenditure of Germany accounted for EUR 321 Bn, trailed by France whose healthcare expenditure was valued at EUR 237 Bn. The market in Europe resonates strong growth opportunities due to the firm support provided by the governments and the availability of funds for the development of the facilities. The regional market in Europe is further sub-segmented into Western and Eastern Europe. Western Europe is set to exhibit a relatively higher CAGR during the assessment period.

Asia Pacific is projected to thrive at a relatively higher CAGR. The factors responsible for catapulting the market on an upward trajectory are rapidly evolving healthcare sector, opportunities present for the development of this market, developing healthcare industries & organizations, and improving technology. According to the World Health Organization (WHO), the per capita health care expenditures in Australia and Japan were USD 6,110 and USD 3,966 in 2013. Additionally, healthcare spending in China is expected to grow at a rate of 8.8% during 2015-2018. The trend is likely to continue and benefit the proliferation of the healthcare BPO market in Asia Pacific.

Browse Full Report @ https://www.marketresearchfuture.com/reports/healthcare-bpo-market-1335

TABLE OF CONTENTS

1 Report Prologue

2 Introduction

2.1 Scope of Study

2.2 Research Objective

2.3 Assumptions & Limitations

2.3.1 Assumptions

2.3.2 Limitations

2.4 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.3.1 Market Share Analysis

3.4 Market Pricing Approach

4 Market Dynamics

4.1 Introduction

4.2 Drivers

4.2.1 Minimizing Critical Mistakes

4.2.2 Increase in Cost Saving

4.2.3 Increase in Recovery Audits

4.2.4 Demand for Niche Services

4.3 Restrains

4.3.1 Doubts over Service Quality

4.4 Opportunities

4.5 Trends

4.5.1 Adoption of the BPO Services In Healthcare Sector

4.6 Macroeconomic Indicators

…Continued!

About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Healthcare BPO Market Share, Demand, New Opportunities and Foresight to 2023 here

News-ID: 1410660 • Views:

More Releases from Market Research Future

Generative AI in Fintech Market to Grow at a CAGR of 24.5% by 2032
Generative AI in Fintech Market to Grow at a CAGR of 24.5% by 2032
Generative AI in Fintech Market Overview: Generative AI has been making significant strides in the FinTech market, offering a wide range of applications and opportunities for growth. Market Size and Growth: The generative AI in fintech Market is projected to grow from USD 1,111.0 million in 2023 to USD 7,984.6 million by 2032, exhibiting a compound annual growth rate (CAGR) of 24.5% during the forecast period (2023 - 2032). Indicating exponential growth and
Pharmaceutical Packaging Market Size, Share Growth Status, Emerging Technology, Key Players, Industry Challenges, and Forecast till 2032
Pharmaceutical Packaging Market Size, Share Growth Status, Emerging Technology, …
In the ever-evolving landscape of the pharmaceutical industry, packaging plays a pivotal role in ensuring the safety, efficacy, and integrity of medical products. The pharmaceutical packaging market is witnessing dynamic growth driven by technological advancements, stringent regulatory requirements, and increasing demand for personalized medicine and biologics. With a focus on patient safety, convenience, and sustainability, the market is undergoing transformative changes, fostering innovation and creativity among industry players. Pharmaceutical Packaging Market
US Color Cosmetics Market Report Presents an Overall Analysis, Development Trends, Driving Forces, Opportunities
US Color Cosmetics Market Report Presents an Overall Analysis, Development Trend …
Color cosmetics have long been an integral part of American culture, offering a wide range of products to enhance beauty and express individuality. The US color cosmetics market is a dynamic and vibrant landscape, driven by evolving consumer preferences, innovative product offerings, and changing beauty trends. In this article, we explore the key drivers, trends, restraints, and opportunities shaping the US color cosmetics market. The US Color Cosmetics Market was valued
US Takeout Containers Market Key Players, End User Demand and Analysis Growth Trends by 2032
US Takeout Containers Market Key Players, End User Demand and Analysis Growth Tr …
Takeout containers have become an integral part of the modern dining experience, offering convenience and portability for consumers on-the-go. In the United States, the takeout containers market has witnessed significant growth in recent years, driven by changing consumer lifestyles, the rise of food delivery services, and increasing environmental concerns. This article explores the key trends, drivers, restraints, and opportunities shaping the US takeout containers market. US Takeout Containers Market size was

All 5 Releases


More Releases for BPO

Healthcare BPO Market Growing Massively with Infosys BPO Ltd., Eli Global, Gebbs
Healthcare business process outsourcing (BPO) is the practice of healthcare organizations to outsource non-core activities to outside providers. This improves efficiency, saves costs and allows the practice to focus more on its core purpose. Increasing pressure to curb rising healthcare costs, rising demand for niche services and tightening regulations are expected to accelerate the growth of the healthcare business process points market. Healthcare BPO Market research is an intelligence report with
Open Access BPO named top BPO company
WASHINGTON DC, March 1, 2021 – Open Access BPO has been recognized as one of the best business process outsourcing (BPO) companies and a top voice service provider in the recent Clutch 2021 Awards. Market research and B2B review agency Clutch named Open Access BPO in its Top BPO Companies list, having bagged recognitions in multiple categories: Best Back Office Best Data Entry Best Writing & Content Creation As a Top Voice Services
BPO Service Market:cheesy, Wipro, ServiceBPO, Accenture, Infosys BPO, Capri
BPO Service Market Overview: Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global BPO Service market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region. Get Access to Report Sample: http://bit.ly/2Rqnlu4 The Global BPO Service market Report provides a detailed analysis of the current dynamics of the market with an extensive focus on the secondary research. It also studies current situation of the market
BPO Czech Republic Market Top Key Players – Accenture , Capgemini , Infosys …
Czech Republic BPO Market Description WiseGuyReports.Com adds” BPO Market in the Czech Republic 2015-2019 “Research To Its Database. Privatization in the Czech Republic has led to the wave of several new investments in the country. The government has formulated several investment-friendly policies that has enhanced the investment competitiveness and taxation conditions in the Czech Republic. Further, efforts regarding simplifying regulations and reduction in administrative barriers have encouraged more FDI inflows to the country.
Global Healthcare BPO Market that comprises F&A BPO, HR BPO and CRM BPO to grow …
This report studies the global Healthcare BPO market, analyzes and researches the Healthcare BPO development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Quintiles HCL Cognizant Covance Accenture Inventiv Catalent Parexel Lonza Boehringer Ingelheim Charles Rivers Sutherland PremierBPO Firstsource PPD GeBBS Healthcare Indian Healthcare BPO Market segment by Regions/Countries, this report covers United States EU Japan China India Southeast Asia Download Sample Report Copy From Here: http://globalqyresearch.com/download-sample/219239 Market segment by Type, Healthcare BPO can be split into Healthcare Payer BPO Healthcare Provider
BPO Service Market- cheesy, Wipro, ServiceBPO, Accenture, Infosys BPO, Capri
Global BPO Service Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This BPO Service Industry report also states Company Profile, sales, BPO Service Market revenue and price, market share, market growth and gross margin by regions.The following summary will give an overview of the causes, processes, and possible effects of the market research proposal. Request for sample copy of report @ https://goo.gl/xUqpPT Top Manufacturers/Key Players:- cheesy Wipro ServiceBPO Accenture Infosys BPO Capri The