Worldwide Healthcare BPO Market to Witness a Pronounce Growth at a 12.3% CAGR by 2023
This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Healthcare BPO Market over the forecast period.
Pune, India -- (SBWire) -- 01/05/2018 --"Global Healthcare BPO Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report "Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. Considering the global scenario of the Healthcare BPO market, the total market is expected to grow at a CAGR of 12.3% during the forecast period 2017-2023.
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Market Synopsis of Global Healthcare BPO Market:
The healthcare BPO provides services such as medical billing & collection medical billing, medical coding, medical data entry, medical records indexing, medical claims processing and others. Technological improvements in pharmaceutical and the rising demand for health services from aging population are driving the healthcare industry. For instance, with digital technologies transforming processes from electronic records to telemedicine, many healthcare providers are delivering services in innovative ways. Additionally, increased profitability, access to skilled workforce, improved patient experience are a few factors responsible for driving the market growth
There are huge financial gains associated with outsourcing as salaries in other foreign countries can be considerably lower than in the United States. Moreover, the materials and actual cost of location for the research center can be cost-effective. Additionally, advantages of outsourcing R&D is also often related to US regulations surrounding R&D. For example, numerous US pharmaceutical companies engage in outsourcing R&D to conduct clinical trials in other foreign countries.
The global healthcare BPO market is expected to grow at a CAGR of 12.3% during the forecast period 2017-2023.
Taste the market data and market information presented through more than 44 market data tables and figures spread over 83 pages of the project report. Avail the in-depth table of content TOC & market synopsis on "healthcare BPO market research report–Global forecast till 2023."
Major Players for Global Healthcare BPO Market:
Some of the key players in the global market are QuintilesIMS, HCL Technologies Limited, Covance Inc., IBM, Catalent, Inc., PAREXEL International Corporation, Lonza, Infosys Limited, Charles River Laboratories International, Inc., Genpact, SUTHERLAND, and others.
Segmentation of Global Healthcare BPO Market:
The global healthcare BPO market is segmented on the basis of services. On the basis of services, it is segmented into pharmaceutical services, payer services, and provider services.
Regional Analysis of Global Healthcare BPO Market:
The Americas dominate the global healthcare BPO market owing to the presence of strong economic conditions and huge development in healthcare domain. Moreover, according to the Centers for Medicare & Medicaid Services, in 2014, recovery auditors identified and corrected USD 2.39 billion as overpayment and USD 173.1 million as underpayment. They also suggests that collectively 1.1million claims were registered to recover USD 2.57 billion.
Europe holds the second position in the market owing to healthcare spending has expanded slightly in UK and Germany. Western Europe continues to see a need to save money on healthcare because of a slight drop in financial growth and obstinate economic pressure. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2014, France recorded the second highest level of current healthcare expenditure of EUR 237 billion, followed by the United Kingdom of EUR 223 billion.
Asia Pacific is the fastest growing market owing to more number of developing nations present in this region, for instance, countries like India and China are encouraging the growth of the healthcare IT domain. Furthermore, increasing patient population from cancer in developing countries will directly increase the demand for various diagnosis & treatment methods and it will boost the growth of the market. Moreover, Healthcare spending in Asia expanded in 2016 due to an extension of state healthcare programs and the increasing affluence of the population. India, in specific, saw expansion in its healthcare expenditure due to a government resolution to enhance healthcare services, which is estimated to further will boost the market growth
The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and less development in the healthcare domain. However, countries such as Qatar and Kuwait are focusing more on healthcare domain and developing medical facilities, which will boost the market growth in this region.
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Major TOC of Global Healthcare BPO Market:
Chapter 1. Report Prologue $ 1,350.00
Chapter 2. Introduction $ 0.00
Chapter 3. Research Methodology $ 0.00
Chapter 4. Market Dynamics $ 950.00
Chapter 5. Market Factor Analysis $ 950.00
Chapter 6. Global Healthcare Bpo Market, By Service $ 2,400.00
Chapter 7. Global Healthcare Bpo Market, By Region $ 2,400.00
Chapter 8. Company Landscape $ 1,050.00
Chapter 9. Company Profile $ 900.00
Chapter 10. Conclusion $ 750.00
Chapter 11. Appendix $ 0.00
Chapter 12. List of Tables $
Table 1 Primary Interviews ……….16
Table 2 Global Healthcare Bpo Market, By Services 2014-2023 (USD Million)…33
Table 3 Global Healthcare Bpo Market, By Pharmaceutical Services 2014-2023 (USD Million)...34
Table 4 Global Healthcare Bpo Market, By Payer Services 2014-2023 (USD Million)……35
Table 5 Global Healthcare Bpo Market, By Provider Services 2014-2023 (USD Million)………36
Table 6 Global Healthcare Bpo Market, By Region, 2014-2023 (USD Million)…...38
Table 7 Americas Healthcare Bpo Market, By Region, 2014-2023 (USD Million)..40
Table 8 North America Healthcare Bpo Market, By Services, 2014-2023 (USD Million)……..41
Chapter 13. List of Figures$
Figure 1 Global Healthcare BPO Market Share, By Services, 2016 (%)…..9
Figure 2 Global Healthcare BPO Market Share, By Region, 2016 (%)……10
Figure 1 Global Healthcare BPO Market: Market Structure……….12
Figure 2 Research Process……..13
Figure 3 Healthcare BPO Market: Value Chain Analysis……….26
Figure 4 Porters Five Forces Model: Healthcare BPO Market……..28
Figure 5 Global Healthcare BPO Market, By Services, 2016 & 2023 (USD Million)…………..32
Figure 6 Global Healthcare BPO Market, By Region, 2016 & 2023 (USD Million)...37
Figure 7 Americas Healthcare BPO Market Share, By Region, 2016 (%)…………...39
Figure 8 Europe Healthcare BPO Market Share, By Region, 2016 (%)……………...45
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