Healthcare BPO Services Market Valuation Multiple Peaking Record High: Cognizant, Accenture, Sykes
Healthcare BPO Services Market is Segmented by Application (Research & Development, Manufacturing, Sales & Marketing, Supply Chain & Logistics, Others) by Type (Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Product Development and Business Acquisition (PDBA), Provider Management, Care Management, Billing & Accounts Management Services, HR Services) by Service Category (International BPO Services, Domestic BPO Services) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Pune, Maharashtra -- (SBWire) -- 10/12/2023 --According to HTF Market Intelligence, the Global Healthcare BPO Services market to witness a CAGR of 10.2% during the forecast period (2023-2028). The Latest Released Healthcare BPO Services Market Research assesses the future growth potential of the Healthcare BPO Services market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Healthcare BPO Services market.
The Healthcare BPO Services market size is estimated to increase by USD 528 Billion at a CAGR of 10.2% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, the market value is pegged at USD 294.5 Billion.
The Major Players Covered in this Report: Cognizant (United States), Accenture (Ireland), Xerox (United States), Genpact (Bermuda), TCS (India), Infosys (India), Sykes (United States), IBM (United States), ACCENTURE (Ireland), QUINTILES (United States)
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Definition:
The global Healthcare BPO Services market is expected to witness high demand in the forecasted period due to healthcare infrastructure development around the world. Healthcare business process outsourcing is an activity where a healthcare provider contracts its non-core activities to an external party. Rather than doing the work themselves, the healthcare company hires a third-party firm to perform the job for them. There are various factors that are responsible for the growth of the market such as rapid increase in clinical process outsourcing (CPO), implementation of PPACA compelled healthcare player to move toward outsourcing, and fewer errors in several non-critical functions, like finance and accounting, customer care services, etc.
Market Trends:
Implementation of PPACA Compelled Healthcare Player to Move toward Outsourcing
Market Drivers:
Rise of Nearshore Outsourcing Destinations and Access to Technology
Rapid Increase in Clinical Process Outsourcing (CPO)
Market Opportunities:
The Increasing Healthcare Infrsstuture in Developing and Developed Countries
Target Audience:
Potential Investors
New Entrants
Government Bodies
Medical Institutions
Research and Development Institutes
Others
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Healthcare BPO Services market segments by Types: Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Product Development and Business Acquisition (PDBA), Provider Management, Care Management, Billing & Accounts Management Services, HR Services
Detailed analysis of Healthcare BPO Services market segments by Applications: Research & Development, Manufacturing, Sales & Marketing, Supply Chain & Logistics, Others
Major Key Players of the Market: Cognizant (United States), Accenture (Ireland), Xerox (United States), Genpact (Bermuda), TCS (India), Infosys (India), Sykes (United States), IBM (United States), ACCENTURE (Ireland), QUINTILES (United States)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyse and forecast the size of the Healthcare BPO Services market by value and volume.
- -To estimate the market shares of major segments of the Healthcare BPO Services market.
- -To showcase the development of the Healthcare BPO Services market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Healthcare BPO Services market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Healthcare BPO Services market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Healthcare BPO Services market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Key takeaways from the Healthcare BPO Services market report:
– Detailed consideration of Healthcare BPO Services market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Healthcare BPO Services market-leading players.
– Healthcare BPO Services market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Healthcare BPO Services market for forthcoming years.
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Major highlights from Table of Contents:
Healthcare BPO Services Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Healthcare BPO Services market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Healthcare BPO Services Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Healthcare BPO Services Market Production by Region Healthcare BPO Services Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Healthcare BPO Services Market Report:
- Healthcare BPO Services Overview, Definition and Classification Market drivers and barriers
- Healthcare BPO Services Market Competition by Manufacturers
- Healthcare BPO Services Capacity, Production, Revenue (Value) by Region (2023-2028)
- Healthcare BPO Services Supply (Production), Consumption, Export, Import by Region (2023-2028)
- Healthcare BPO Services Production, Revenue (Value), Price Trend by Type {Claims Management, Integrated Front-end Services and Back-office Operations, Member Management, Product Development and Business Acquisition (PDBA), Provider Management, Care Management, Billing & Accounts Management Services, HR Services}
- Healthcare BPO Services Market Analysis by Application {Research & Development, Manufacturing, Sales & Marketing, Supply Chain & Logistics, Others}
- Healthcare BPO Services Manufacturers Profiles/Analysis Healthcare BPO Services Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
- What are influencing factors driving the demand for Healthcare BPO Services near future?
- What is the impact analysis of various factors in the Global Healthcare BPO Services market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Healthcare BPO Services market for long-term investment?
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