Global Healthcare BPO Market to Witness Substantial Growth by 2030, Driven by Rising Adoption of Healthcare IT Solutions and Outsourcing Trends - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Healthcare BPO Market, By Payer Service, By Provider Service, By Pharmaceutical Service, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global healthcare BPO (business process outsourcing) market is expected to experience significant growth in the coming years, according to a new report by ResearchAndMarkets.com. Healthcare BPO involves hiring external contractors to handle non-clinical and non-core activities of healthcare organizations, leading to improved patient care, cost reduction, and expanded services.

Market Dynamics:

Several factors are expected to drive the growth of the global healthcare BPO market, including the growing burden of chronic diseases, the rising geriatric population, increasing adoption of healthcare IT solutions and BPO services, a rapid increase in Clinical Process Outsourcing (CPO), growing outsourcing trends, increasing R&D investments in the healthcare industry, and the rapid growth of the pharmaceutical industry.

For example, in May 2023, Optum, an American healthcare services provider, announced plans to invest around P800 million in medical business process outsourcing (BPO) in the Philippines. This move is intended to enhance their services and operational efficiency.

Additionally, according to India Brand Equity Foundation (IBEF), India's domestic pharmaceutical market reached US$ 42 billion in 2021 and is projected to reach US$ 65 billion by 2024 and US$ 120-130 billion by 2030, driving further growth in the healthcare BPO market.

Key Features of the Report:

The report provides a comprehensive analysis of the global healthcare BPO market, including market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period from 2023 to 2030, with 2022 as the base year.

It offers insights into potential revenue opportunities across different segments and explains attractive investment propositions in the market.

The study also highlights key market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.

Profiles of key players in the global healthcare BPO market are included, featuring company highlights, product portfolios, financial performance, and strategies.

The report provides valuable insights for stakeholders in the healthcare industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation:

The healthcare BPO market is segmented based on payer service, provider service, pharmaceutical service, and geography.

Payer Service:

• Human Resource Management
• Claims Management
• Customer Relationship Management (CRM)
• Operational/Administrative Management
• Care Management
• Provider Management
• Other Payer Services

Provider Service:

• Patient Enrolment and Strategic Planning
• Patient Care Service
• Revenue Cycle Management

Pharmaceutical Service:

• Research and Development
• Manufacturing
• Non-clinical Services
• Supply Chain Management and Logistics
• Sales and Marketing Services
• Other Non-clinical Services

Geography:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Companies Mentioned:

• Parexel International
• IQVIA
• IBM Corporation
• Genpact Limited
• Cognizant
• Capgemini
• Accenture
• Sutherland Healthcare Solutions
• GeBBs Healthcare Solutions
• UnitedHealth Group Incorporated

Market Outlook:

The healthcare BPO market is expected to witness substantial growth, driven by the increasing adoption of healthcare IT solutions and outsourcing trends. Key players in the market include Parexel International, IQVIA, IBM Corporation, Genpact Limited, Cognizant, Capgemini, Accenture, Sutherland Healthcare Solutions, GeBBs Healthcare Solutions, and UnitedHealth Group Incorporated, among others.

For more information about this report visit https://www.researchandmarkets.com/r/e9dt5y

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