Rapid Deployment Across Global Healthcare BPO Market Set to Exhibit Momentous Revenue Share at USD 498.4 Mn by 2028
New York, NY, Aug 14, 2019 (WiredRelease): Market.us announces publication of its most recently generated research report titled, “Global Healthcare BPO Market by service type (Healthcare Payer BPO, Healthcare Provider BPO, Healthcare Pharmaceutical BPO and Others) and by Region – Global Forecast to 2028.”, which offers a holistic view of the global healthcare BPO market through systematic segmentation that covers every aspect of the target market.
The global healthcare BPO market is projected to be US$ 198.4 Mn in 2018 to reach US$ 498.4 Mn by 2028 at a CAGR of 9.7%.
Over the past few years, biotechnology, biopharma and pharmaceutical industries have been transforming by the growth of biopharma outsourced services (BPOs). These services have now become vital for the beginning of the journey of drug to the market. The BPOS industries are considered to be growing with twice the growth rate than that of the Bio/Pharma industries.
Increasing healthcare expenditure and growing dependence on technology in healthcare IT sector is expected to boost the market. Increasing outsourcing of healthcare services is expected to fuel growth of the target market. However, there are many hidden costs in the outsourcing which is expected to hinder growth of the target market.
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Global Healthcare BPO Market Revenue (US$ Mn), 2018–2028
Global healthcare BPO market is segmented on the basis on service type and region. On the basis of service type, the market is segmented into Healthcare Payer BPO, Healthcare Provider BPO, Healthcare Pharmaceutical BPO and Others. The Healthcare Pharmaceutical BPO segment accounts for the majority share in the global healthcare BPO market, while healthcare provider BPO is expected to register the highest growth rate over the forecast period.
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Global Healthcare BPO Market by Service Type, 2018
On the basis of region, the market is segmented into United States, Europe, China, Japan, Southeast Asia, and India. The United States accounts for the majority share in the global healthcare BPO market. Emerging economies such as China, Southeast Asia and India are expected to register the highest growth rate over the forecast period. Countries and regions such as Japan and Europe are expected to register stable growth over the forecast period.
The research report on the global healthcare BPO market includes profiles of some of major companies such as IQVIA Holdings Inc., HCL Technologies Ltd., Cognizant Technology Solutions Corp, Covance Inc., Accenture plc, Lonza Group Ltd.., Genpact Ltd. and Catalent Inc.
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Key Market Segments:
- Healthcare Payer BPO
- Healthcare Provider BPO
- Healthcare Pharmaceutical BPO
- Application 1
- Application 2
Key Market Players included in the report:
- IQVIA Holdings Inc.
- HCL Technologies Ltd.
- Cognizant Technology Solutions Corp
- Covance Inc.
- Accenture plc
- Lonza Group Ltd.
- Genpact Ltd. and Catalent
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