Global healthcare BPO market to grow $12.9Bn by 2027
NEW YORK, UNITED STATES — The global healthcare Business Process Outsourcing (BPO) market is set to expand by $12.9 billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 9.13%.
Market research firm Technavio attributed this growth to the presence of skilled workers and the cost-effective benefits of outsourcing.
Emerging market trends include using cloud-computing services for cost-efficient remote storage and better resource control. Through this, the manufacturing segment — which covers pharmaceuticals, biotechnology, medical devices, and related fields — is predicted to see significant growth.
North America will lead regional growth, contributing 41% of the market expansion due to its adoption of BPO services, improved healthcare infrastructure, and increased healthcare spending in the United States, Canada, and Mexico.
The report also highlights potential growth challenges, such as the risk of cyberattacks and sensitive patient information loss. Technavio recommends that service providers invest in robust cybersecurity protocols to mitigate these risks.
Related news
- Kenya revises labor laws to tap global BPO potential · 3 Aug
- Outsourced’s ‘Pay it Forward’ program donates food, supplies · 3 Aug
- White-collar hiring in India drops 19% in July · 2 Aug
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
