Healthcare BPO Market 2023 - Industry Size, Latest Trends, Growth Status, Top Major Players And Forecast To 2032
Healthcare BPO Market Size, Growth Rate, And Forecast
The global healthcare BPO market size grew from $276.59 billion in 2022 to $309.6 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare BPO market size is expected to grow to $490.84 billion in 2027 at a CAGR of 12.2%.
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Healthcare BPO Market Drivers
The rapid increase of clinical process outsourcing is significantly driving the growth of the healthcare BPO market. Clinical process outsourcing is administrative work in the healthcare industry that requires or benefits from clinical expertise. The increase in the increase of clinical trials outsourcing is due to the rise in a number of drugs entering clinical phases and the companies that are slashing their workforce look for CROs to help them manage their portfolios.
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Healthcare BPO Market Segments
1) By Provider Service: Revenue Cycle Management, Patient Enrollment And Strategic Planning, Patient Care
2) By Payer Service: Human Resource Management, Claims Management, Customer Relationship Management (CRM), Operational/Administrative Management, Care Management, Provider Management, Other Payer Services
3) By Pharmaceutical Service: Research And Development, Manufacturing, Non-clinical Service
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the healthcare BPO market.
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Healthcare BPO Market Key Players
Major competitors in the healthcare BPO market include Cognizant, Tata Consultancy Services, Genpact, HCL Business Services, IQVIA, IBM Corporation, GeBBS Healthcare Solutions.
The Business Research Company's "Global Healthcare BPO Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Healthcare BPO Market Include:
1. Executive Summary
2. Healthcare BPO Market Characteristics
3. Healthcare BPO Market Trends And Strategies
4. Healthcare BPO - Macro Economic Scenario
5. Healthcare BPO Market Size And Growth
26. Africa Healthcare BPO Market
27. Healthcare BPO Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Healthcare BPO Market
29. Healthcare BPO Market Future Outlook and Potential Analysis
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