Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR71350

  • Latest News- Healthcare Business Process Outsourcing (BPO) Market: Manufacturing is expected to lead the Solution segment during 2025-2029

    The Healthcare Business Process Outsourcing (BPO) Market is being driven by Focus on reducing operational costs

    The Healthcare Business Process Outsourcing (BPO) Market is expected to grow at a CAGR of 10.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18320.4 million. In the healthcare Business Process Outsourcing (BPO) market, cloud computing represents a significant trend. By utilizing cloud storage for critical data management in healthcare BPO services, organizations can benefit from cost savings and centralized control. This approach eliminates the need for users to manage and maintain healthcare infrastructure, as service providers handle updates and maintenance. Key responsibilities, such as HR activities, are managed centrally, ensuring efficiency and accuracy. By leveraging cloud storage, healthcare BPOs can deliver reliable, up-to-date services to their clients, while minimizing the burden of infrastructure management. 

    Get more information on Healthcare Business Process Outsourcing (BPO) Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Solution
      • Manufacturing
      • Research and development
      • Non-clinical services
    • Service
      • Revenue cycle management
      • Patient care services
      • Patient enrollment and strategic planning
    • Geography
      • North America
        • Canada
        • Mexico
        • US
      • APAC
        • China
        • India
      • Europe
        • Germany
        • UK
        • France
      • Middle East and Africa
        • South America
          • Brazil

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Focus on reducing operational costs
      • Surging number of BPOs
      • Presence of skilled professionals

      However, the market also witnesses some limitations, which are as follows:

      • Language barriers and goodwill risks
      • Data breaches
      • Increasing cost for BPOs

      Benefits of Buying Global Healthcare Business Process Outsourcing (BPO) Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Healthcare Business Process Outsourcing (BPO) Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      209

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 10.6%

      Market growth 2025-2029

      USD 18320.4 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      9.8

      Key countries

      US, Canada, UK, China, Germany, Mexico, Philippines, India, Brazil, and France

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Healthcare Business Process Outsourcing (BPO) market involves the delegation of healthcare-related business processes, such as documentation, finance and accounting, customer care services, and provider services, to third-party providers. Offshore outsourcing of healthcare BPO has gained popularity due to cost savings, but requires careful planning to ensure data security, particularly in handling sensitive health insurance information. Strategic activities like claims management, back-office operations, member management, provider management, care management, and human resource services are commonly outsourced. Key players in the market include Teleperformance and Senture. Improper financial allocation and contract management can negatively impact the success of offshore healthcare BPO contracts.

      Market Research Overview

      The Healthcare Business Process Outsourcing (BPO) market is a significant segment of the larger IT services industry, focusing on documentation and business process optimization in the healthcare sector. This market encompasses companies providing offshore outsourcing services for health insurance claims processing, medical billing, and data security management. The global IT consulting and other services market, which includes healthcare BPO, is projected to experience growth due to increasing government investments in advanced IT infrastructure and the need for financial allocation efficiency in healthcare expenditure. Improper planning and execution of offshore contracts in this sector can lead to increased medical costs and potential data security risks. Therefore, proper planning and effective financial allocation are crucial factors for market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

    Safe and Secure SSL Encrypted

    Technavio

    • 2500 USD

    [5 reports/month/user]

    • 5000 USD

    close
    • Basic Plan [5000 USD/Year]:

      Single User
      Download 5 Reports/Month
      View 100 Reports/Month
      Add upto 3 Users at 625 USD/user

    • Teams Plan [7500 USD/Year]:

      5 User
      Download 5 Reports/Month/User
      View 100 Reports/Month/User
      Add upto 30 Users at 500 USD/user

    *You can upgrade to Teams plan at Subscription page

    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization).
      Complimentary Customization Included

    *For Enterprise license, go to checkout page

    Technavio Get the report (PDF) sent to your email within minutes.