Product ID: SQMIG35D2075
Report ID:
SQMIG35D2075 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
95 |
Figures:
78
Healthcare BPO Market size was valued at USD 334.15 billion in 2019 and is poised to grow from USD 365.9 billion in 2023 to USD 755.76 billion by 2031, growing at a CAGR of 9.49% in the forecast period (2024-2031).
Healthcare BPO is a process that is delegated to an outside provider. The growth of the market is attributed to rising pressure to reduce increasing healthcare costs, increasing demand for niche services, and stringent regulations. Governments are making favourable changes to reduce the cost of healthcare and increase concentration in the healthcare industry. In addition, to protect the confidentiality of confidential patient information, detecting and managing network security fraud, and ensuring that critical mistakes are avoided are the main reasons that increase the outsourcing healthcare business processes within the hospitals and healthcare system. The invention of outsourcing business processes for healthcare has resulted in improved patients care and increased workflow efficiency.
In addition, increase in the number of people looking for healthcare insurance and the assurance of government support are the factors which contributes to the growth of the global market. Further, high costs of outsourcing and fear of losing visibility and control over the business process are the factors which hamper the market growth.
US Healthcare BPO Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONHealthcare BPO Market size was valued at USD 334.15 billion in 2019 and is poised to grow from USD 365.9 billion in 2023 to USD 755.76 billion by 2031, growing at a CAGR of 9.49% in the forecast period (2024-2031).
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Product ID: SQMIG35D2075