Healthcare BPO Services Market 2018 Opportunities Regional Overview Top Leaders Revenue and Forecast to 2025

The healthcare BPO services market was valued at US$ 35,818.9 million in 2017 and it is projected to reach US$ 68,198.3 million in 2025; it is expected to grow at a CAGR of 8.6% from 2018 to 2025.

The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the healthcare BPO services is attributed to constant changes in government regulations, mounting pressure on healthcare providers to reduce healthcare costs, and rising consolidation in the healthcare BPO industry. However, hidden costs of outsourcing and dearth of skilled professionals and researchers is the major factor hindering the market growth.

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Companies Profiled in this report includes:

Based on payer service, the healthcare BPO services market is segmented into claims administration, billing, member management, provider management, fraud management, and others. In 2017, the claims administration segment held largest share of the market and the fraud management segment is estimated to register the highest CAGR during the forecast period.

The healthcare BPO services market is expected to witness substantial growth post-pandemic. The global healthcare infrastructure has observed that, in order to develop and maintain sustainable healthcare setup, utilization of digital technologies and digital innovation becomes crucial. Moreover, majority of the market players have focused on development of digital tools in order to increase accessibility, affordability, and accuracy and to fight against coronavirus pandemic. In addition, several number of research centers have actively participated in the building of technologies, processes and channels which are assisting the healthcare employees to work efficiently and to access the resources from their homes while maintaining security. These factors will eventually drive the market growth.

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The report segments healthcare BPO services market as follows:

Healthcare BPO Services Market - by Payer Service

• Claims Administration
• Member Management
• Provider Management
• Billing
• Fraud Management

Healthcare BPO Services Market - by Provider Service

• Medical Billing
• Finance & Accounts
• Medical Coding

Healthcare BPO Services Market - by Pharmaceutical Service

• Manufacturing
• Research & Development
• Sales & Marketing
• Supply Chain & Logistics

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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. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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