Healthcare BPO market to reach $282.3Bn by 2032
PORTLAND, UNITED STATES — The global healthcare Business Process Outsourcing (BPO) market is set to reach a value of $282.3 billion by 2032, according to a forecast by Allied Market Research.
This significant growth, which reflects an annual growth rate of 8.7%, is attributed to the increasing demand for cost-efficient business operations, the development of BPO services, and a surge in the number of BPO companies globally.
The pandemic also significantly bolstered this market, pushing companies towards adopting online and virtual services.
The report also highlights the market dominance in providing outsourcing services. In 2022, this sector accounted for two-fifths of the global healthcare BPO market, a trend expected to persist due to the rising adoption of BPO services and an influx of key players.
Regarding geographical trends, North America took the lead, accounting for over two-fifths of the global healthcare BPO market revenue in 2022. This region’s dominance is anticipated to continue in the next years, backed by increased adoption of BPO services.
On the other hand, the Asia-Pacific (APAC) region is predicted to witness the fastest growth, with an expected CAGR of 10% from 2023 to 2032. This growth is primarily due to the demand for cost-effective services in emerging markets, particularly India and China.
