Healthcare BPO Market (Pharmaceutical, Payer and Provider) Worth $188, 856.5 Million by 2018 - Report by MarketsandMarkets
(PRWEB) May 17, 2014 -- The “Healthcare BPO Market Payer (Claims Processing, HR Services, Finance & Accounts), Provider (Medical Billing & Coding) Pharmaceutical (Clinical Trial, Contract Manufacturing, & Non-Clinical Services) - Trends & Forecasts (2013 - 2018)” analyzes and studies the major market drivers, restraints, and opportunities in the U.S., Europe, and the Rest of the World.
Browse more than 149 market data tables 13 figures spread through 479 pages and in-depth TOC on"Healthcare BPO Market".
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This report studies the global healthcare BPO market over the forecast period of 2013 to 2018. This market is valued at an estimated $92,325.9 million in 2013 and is poised to grow at a CAGR of 10.8% from 2013 to 2018, to reach $188,856.5 million by 2018.
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The healthcare BPO market is comprised of the payer, provider, and pharmaceutical outsourcing markets. Cost reduction and lack of expertise in non-core business functions have made Business Process Outsourcing (BPO) an important service offering in the healthcare industry. Rapid growth in the global healthcare industry has fueled the growth of the healthcare BPO market as well. The market has evolved and multiple service offerings have emerged to meet the needs of the healthcare industry. The payer outsourcing segment is categorized into claims processing, HR services, member services/customer care, and finance and accounts segments. The provider outsourcing segment is categorized into medical billing, medical coding, medical transcription, and finance and accounts segments. The pharmaceutical outsourcing segment is categorized into clinical research organizations (CROs), contract manufacturing organizations (CMOs), and non-clinical services segments.
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The healthcare BPO market is segmented into source and destination geographies. The source geographies in this report are U.S., Europe, and Rest of the World. The destination geographies are India, China, the U.S., Europe, Philippines, LATAM, the Middle East, and Rest of the World. The U.S. accounts for the largest share in the healthcare BPO market. The large share of the U.S. is attributed to increased demand from the payer and provider segments due to recent regulatory changes in the U.S.
The U.S. is the largest source segment for the global market, followed by Europe and Asia. The U.S. is also the largest destination geography for the healthcare BPO market, followed by India and Europe.
The major players in the healthcare BPO market include Accenture (Ireland), Medusind (U.S.), GeBBS Healthcare (U.S.), Genpact Limited (Bermuda), Inventive (U.S.), Cognizant Technology Solutions Corporation (U.S.), Lonza (Switzerland), Catalent (U.S.), Boehringer Ingelheim (Germany), DSM Pharma (U.S.), Quintiles (U.S.), Covance (U.S.), PPD (U.S.), Parexel (U.S.), Charles Rivers Laboratories (U.S.), and ICON (Ireland), among others.
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