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Healthcare BPO Market Size, Trends, Analysis, and Outlook By Provider Service (Revenue Cycle Management, Patient Enrollment, Patient Care), By Payer Service (Claims Management, Product Development & Business Acquisition (PDBA), Member Management, Provider Management, Care Management, Integrated Front-End Services and Back-office Operations, Billing and accounts management services , HR Services), By Life Science Service (Manufacturing, R&D, Non-Clinical Services), by Country, Segment, and Companies, 2024-2032

April 2024 | 205 pages | ID: H90298414A0BEN
VPAResearch

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The global Healthcare BPO market size is poised to register 11.3% growth from 2024 to 2032, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Healthcare BPO market across By Provider Service (Revenue Cycle Management, Patient Enrollment, Patient Care), By Payer Service (Claims Management, Product Development & Business Acquisition (PDBA), Member Management, Provider Management, Care Management, Integrated Front-End Services and Back-office Operations, Billing and accounts management services , HR Services), By Life Science Service (Manufacturing, R&D, Non-Clinical Services)

The healthcare business process outsourcing (BPO) market is driven by the increasing complexity of healthcare operations and administrative tasks, advancements in outsourcing models and service delivery platforms, and the growing pressure to reduce costs and improve efficiency. By 2030, the market is anticipated to witness significant growth, fueled by innovations in revenue cycle management (RCM), medical billing outsourcing, and healthcare IT outsourcing. Further, expanding applications in claims processing, patient scheduling, and customer service are expected to drive market expansion, enabling healthcare organizations, payers, and third-party service providers to outsource non-core functions, optimize resource allocation, and focus on core competencies through BPO solutions that offer scalability, expertise, and cost savings for streamlined healthcare operations and improved financial performance.

Healthcare BPO Market Drivers, Trends, Opportunities, and Growth Opportunities

This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Healthcare BPO market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Healthcare BPO survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Healthcare BPO industry.

Key market trends defining the global Healthcare BPO demand in 2024 and Beyond

The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Healthcare BPO Market Segmentation- Industry Share, Market Size, and Outlook to 2032

The Healthcare BPO industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Healthcare BPO companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Healthcare BPO industry

Leading Healthcare BPO companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Healthcare BPO companies.

Healthcare BPO Market Study- Strategic Analysis Review

The Healthcare BPO market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
  • Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
  • Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
  • Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
  • Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Healthcare BPO Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Healthcare BPO industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three case scenarios- low case, reference case, and high case scenarios.

Healthcare BPO Country Analysis and Revenue Outlook to 2032

The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2032. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2032.

North America Healthcare BPO Market Size Outlook- Companies plan for focused investments in a changing environment

The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong healthcare infrastructure. Leading companies focus on new product launches in the changing environment. The US healthcare expenditure is expected to grow to $4.8 trillion in 2024 (around 3.7% growth in 2024), potentially driving demand for various Healthcare BPO market segments. Similarly, Strong market demand is encouraging Canadian Healthcare BPO companies to invest in niche segments. Further, as Mexico continues to strengthen its relations and invest in technological advancements, the Mexico Healthcare BPO market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Healthcare BPO Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities

The German industry remains the major market for companies in the European Healthcare BPO industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Healthcare BPO market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Healthcare BPO Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Healthcare BPO in Asia Pacific. In particular, China, India, and South East Asian Healthcare BPO markets present a compelling outlook for 2032, acting as a magnet for both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Healthcare BPO Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Healthcare BPO Market Size Outlook- continues its upward trajectory across segments

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Healthcare BPO market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Healthcare BPO.

Healthcare BPO Market Company Profiles

The global Healthcare BPO market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Accenture plc, Access Healthcare Services Pvt Ltd, Akurate Management Solutions Ltd, Cognizant Technology Solutions Corp, Firstsource Solutions Ltd, GeBBS Healthcare Solutions Inc, Genpact Ltd, HCL Technologies Ltd, IBM Corp, Infosys BPM Ltd, Invensis Technologies Pvt Ltd, IQVIA Holdings Inc, Lonza Group Ltd, Mphasis Ltd, NTT DATA Corp, Omega Healthcare Investors Inc, PAREXEL International Corp, R1 RCM Inc, Sutherland Global Services Inc, SYKES Enterprises Inc, Tata Consultancy Services Ltd, UnitedHealth Group Inc, Wipro Ltd, WNS (Holdings) Ltd, Xerox Corp.

Recent Healthcare BPO Market Developments

The global Healthcare BPO market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Healthcare BPO Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Provider Service

Revenue Cycle Management

Patient Enrollment

Patient Care

By Payer Service

Claims Management

Product Development & Business Acquisition (PDBA)

Member Management

Provider Management

Care Management

Integrated Front-End Services and Back-office Operations

Billing and accounts management services

HR Services

By Life Science Service

Manufacturing

R&D

Non-Clinical Services

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Accenture plc

Access Healthcare Services Pvt Ltd

Akurate Management Solutions Ltd

Cognizant Technology Solutions Corp

Firstsource Solutions Ltd

GeBBS Healthcare Solutions Inc

Genpact Ltd

HCL Technologies Ltd

IBM Corp

Infosys BPM Ltd

Invensis Technologies Pvt Ltd

IQVIA Holdings Inc

Lonza Group Ltd

Mphasis Ltd

NTT DATA Corp

Omega Healthcare Investors Inc

PAREXEL International Corp

R1 RCM Inc

Sutherland Global Services Inc

SYKES Enterprises Inc

Tata Consultancy Services Ltd

UnitedHealth Group Inc

Wipro Ltd

WNS (Holdings) Ltd

Xerox Corp

Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Healthcare BPO Market Overview and Key Findings, 2024
1.2 Healthcare BPO Market Size and Growth Outlook, 2021- 2030
1.3 Healthcare BPO Market Growth Opportunities to 2030
1.4 Key Healthcare BPO Market Trends and Challenges
  1.4.1 Healthcare BPO Market Drivers and Trends
  1.4.2 Healthcare BPO Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Healthcare BPO Companies

2. HEALTHCARE BPO MARKET SIZE OUTLOOK TO 2030

2.1 Healthcare BPO Market Size Outlook, USD Million, 2021- 2030
2.2 Healthcare BPO Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. HEALTHCARE BPO MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. HEALTHCARE BPO MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
By Provider Service
Revenue Cycle Management
Patient Enrollment
Patient Care
By Payer Service
Claims Management
Product Development & Business Acquisition (PDBA)
Member Management
Provider Management
Care Management
Integrated Front-End Services and Back-office Operations
Billing and accounts management services
HR Services
By Life Science Service
Manufacturing
R&D
Non-Clinical Services
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Healthcare BPO Market, 2025
5.2 Asia Pacific Healthcare BPO Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Healthcare BPO Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Healthcare BPO Market, 2025
5.5 Europe Healthcare BPO Market Size Outlook by Type, 2021- 2030
5.6 Europe Healthcare BPO Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Healthcare BPO Market, 2025
5.8 North America Healthcare BPO Market Size Outlook by Type, 2021- 2030
5.9 North America Healthcare BPO Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Healthcare BPO Market, 2025
5.11 South America Pacific Healthcare BPO Market Size Outlook by Type, 2021- 2030
5.12 South America Healthcare BPO Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Healthcare BPO Market, 2025
5.14 Middle East Africa Healthcare BPO Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Healthcare BPO Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Healthcare BPO Market Size Outlook and Revenue Growth Forecasts
6.2 US Healthcare BPO Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Healthcare BPO Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Healthcare BPO Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Healthcare BPO Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Healthcare BPO Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Healthcare BPO Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Healthcare BPO Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Healthcare BPO Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Healthcare BPO Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Healthcare BPO Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Healthcare BPO Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Healthcare BPO Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Healthcare BPO Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Healthcare BPO Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Healthcare BPO Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Healthcare BPO Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Healthcare BPO Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Healthcare BPO Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Healthcare BPO Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Healthcare BPO Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Healthcare BPO Industry Drivers and Opportunities

7. HEALTHCARE BPO MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. HEALTHCARE BPO COMPANY PROFILES

8.1 Profiles of Leading Healthcare BPO Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics
Accenture plc
Access Healthcare Services Pvt Ltd
Akurate Management Solutions Ltd
Cognizant Technology Solutions Corp
Firstsource Solutions Ltd
GeBBS Healthcare Solutions Inc
Genpact Ltd
HCL Technologies Ltd
IBM Corp
Infosys BPM Ltd
Invensis Technologies Pvt Ltd
IQVIA Holdings Inc
Lonza Group Ltd
Mphasis Ltd
NTT DATA Corp
Omega Healthcare Investors Inc
PAREXEL International Corp
R1 RCM Inc
Sutherland Global Services Inc
SYKES Enterprises Inc
Tata Consultancy Services Ltd
UnitedHealth Group Inc
Wipro Ltd
WNS (Holdings) Ltd
Xerox Corp.

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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