Healthcare BPO Business Analysis Report 2024: Global Market To Reach $641.5 Billion By 2030 - Industry Witnesses A Surge In Near Shore Outsourcing, Reimbursement Changes Amplify Demand

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 15, 2024 (GLOBE NEWSWIRE) -- The "Healthcare BPO - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Healthcare BPO is estimated at US$342.3 Billion in 2023 and is projected to reach US$641.5 Billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the healthcare BPO market is driven by several factors, including the rising pressure on healthcare providers to reduce operational costs while improving care quality, the increasing complexity of healthcare administration, and the ongoing digitization of patient data. Healthcare reforms across various countries, which often aim to increase the quality and affordability of care, also create opportunities for BPO providers as organizations seek to comply with new regulatory standards without escalating costs.

Additionally, the growing focus on patient satisfaction and the shift towards value-based care models require efficient and effective management of healthcare processes, further bolstering the demand for specialized BPO services. The technological advancements that enable the secure and compliant handling of sensitive health data also contribute to the expansion of the market, as do the scaling requirements of global healthcare providers looking to serve more patients effectively. These drivers ensure that healthcare BPO remains a dynamic and evolving field, crucial to the functioning of modern healthcare systems.
Key Insights:

• Market Growth: Understand the significant growth trajectory of the Provider Service segment, which is expected to reach US$234.8 Billion by 2030 with a CAGR of a 10.5%. The Payer Service segment is also set to grow at 9.2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $131.8 Billion in 2023, and China, forecasted to grow at an impressive 10.6% CAGR to reach $34.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as IBM Corporation, Boehringer Ingelheim International GmbH, Lonza Group Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Questions Answered:

• How is the Global Healthcare BPO Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Key Attributes:

Report Attribute	Details
No. of Pages	397
Forecast Period	2023 - 2030
Estimated Market Value (USD) in 2023	$342.3 Billion
Forecasted Market Value (USD) by 2030	$641.5 Billion
Compound Annual Growth Rate	9.4%
Regions Covered	Global

MARKET OVERVIEW

• Influencer Market Insights
• Outlook
• Segment Review
• Healthcare BPO - Global Key Competitors Percentage Market Share in 2024 (E)
• Leading Players in the Global Contract Research Outsourcing Market by Revenue Share (in %): 2023
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Increasing Healthcare Costs to Drive Inclination towards BPO Services
• Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
• Aging Population Burdens an Already Strained Healthcare System
• Regulatory Challenges Inflate the Demand for Healthcare BPO
• ICD-10 Coding Standards and Impending Adoption of ICD-11 Standards: Potential for BPO Providers
• With Many Benefits of Cloud Computing, "The Cloud" Comes With a Silver Lining for BPO Service Providers Struggling to Remain Cost Competitive in the Era of Value Based Care
• Inherent Advantages of Cloud Computing Make "The Cloud" a Game Changer in the Healthcare BPO Industry: Benefits of Cloud Measured in % Efficiency Improvements & Cost Reduction
• Revenue Cycle Management Outsourcing Maximize Revenue Collection Operations
• Global Market for Revenue Cycle Management: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024
• Reimbursement Changes Amplify Demand
• Rise in Healthcare Industry Consolidation Boosts Growth Opportunities
• Select M&A Deals Involving Large Healthcare Firms
• Healthcare BPO Market for Pharma Sector
• Global Pharmaceutical R&D Spending (US$ Billion) for the Years 2010 through 2024E
• Patent Cliffs in Pharma Industry Drive Dependence on BPO Providers
• Major Pharma Drugs Losing Patents
• Healthcare Analytics Services Address the Challenge of High Data Volumes
• Industry Witnesses a Surge in Near Shore Outsourcing

FOCUS ON SELECT PLAYERS (Total 61 Featured)

• IBM Corporation
• Boehringer Ingelheim International GmbH
• Lonza Group Ltd.
• HCL Technologies Ltd.
• Tata Consultancy Services Ltd.
• Charles River Laboratories International, Inc.
• Labcorp Drug Development
• Tata Group
• Concentrix Corporation
• Genpact Ltd.
• Hexaware Technologies Ltd.
• Sykes Enterprises, Inc.
• GeBBS Healthcare Solutions, Inc.
• Catalent, Inc.
• IQVIA

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• Global Healthcare BPO Market

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