Healthcare BPO Global Strategic Business Report 2024: Market to Reach $583.4 Billion by 2030 from $312.8 Billion in 2023 – Patent Cliffs in Pharma Industry Drive Dependence on BPO Providers

DUBLIN, April 1, 2024 /PRNewswire/ — The “Healthcare BPO – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Healthcare BPO Market to Reach $583.4 Billion by 2030

The global market for Healthcare BPO estimated at US$312.8 Billion in the year 2023, is projected to reach a revised size of US$583.4 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2023-2030.

Healthcare Provider Service, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$216.7 Billion by the end of the analysis period. Growth in the Healthcare Payer Service segment is estimated at 8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $131.8 Billion, While China is Forecast to Grow at 9.2% CAGR

The Healthcare BPO market in the U.S. is estimated at US$131.8 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$34.6 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 6.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.

Exciting New Report Features

Full access to influencer engagement statsFree access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilitiesFull client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideasComplimentary report updates for one yearCompetitor coverage with global market shares of major playersPlayer market presence analysis (Strong/Active/Niche/Trivial) across multiple geographiesAccess to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

Key Topics Covered:

MARKET TRENDS & DRIVERS

Increasing Healthcare Costs to Drive Inclination towards BPO ServicesGlobal Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030Aging Population Burdens an Already Strained Healthcare System: Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050Per Capita Healthcare Expenditure (in $) by Select Countries for 2023Regulatory Challenges Inflate the Demand for Healthcare BPOICD-10 Coding Standards and Impending Adoption of ICD-11 Standards: Potential for BPO ProvidersWith Many Benefits of Cloud Computing, “The Cloud” Comes With a Silver Lining for BPO Service Providers Struggling to Remain Cost Competitive in the Era of Value Based CareInherent Advantages of Cloud Computing Make “The Cloud” a Game Changer in the Healthcare BPO Industry: Benefits of Cloud Measured in % Efficiency Improvements & Cost ReductionRevenue Cycle Management Outsourcing Maximize Revenue Collection OperationsGlobal Market for Revenue Cycle Management: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024Reimbursement Changes Amplify DemandRise in Healthcare Industry Consolidation Boosts Growth OpportunitiesSelect M&A Deals Involving Large Healthcare FirmsHealthcare BPO Market for Pharma SectorGlobal Pharmaceutical R&D Spending (US$ Billion) for the Years 2010 through 2024EPatent Cliffs in Pharma Industry Drive Dependence on BPO ProvidersMajor Pharma Drugs Losing PatentsHealthcare Analytics Services Address the Challenge of High Data VolumesIndustry Witnesses a Surge in Near Shore Outsourcing

MARKET OVERVIEW

Influencer Market InsightsOutlookSegment ReviewHealthcare BPO – Global Key Competitors Percentage Market Share in 2023 (E)Leading Players in the Global Contract Research Outsourcing Market by Revenue Share (in %): 2023Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

FOCUS ON SELECT PLAYERS (Total 61 Featured)

IBM CorporationBoehringer Ingelheim International GmbHLonza Group Ltd.HCL Technologies Ltd.Tata Consultancy Services Ltd.Charles River Laboratories International, Inc.Labcorp Drug DevelopmentTata GroupConcentrix CorporationGenpact Ltd.Hexaware Technologies Ltd.Sykes Enterprises, Inc.GeBBS Healthcare Solutions, Inc.Catalent, Inc.IQVIA

For more information about this report visit https://www.researchandmarkets.com/r/51v6zj

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