Healthcare BPO Market growing at CAGR of 11.75%
The global health Business Process Outsourcing (BPO) market is expected to grow at a compound annual growth rate (CAGR) of 11.75% between 2022-2029, according to market research and consulting firm Data Bridge Market Research (DBMR).
Healthcare BPO is a business process that allows hospitals and medical professionals to find the best third-party vendors for their specific business needs.
The healthcare BPO market has shown an exceptional penetration in developed economies in North America due to the rising presence of a strong reimbursement framework, high public and private healthcare expenditure, and a high percentage of claim records in this region.
Additionally, DBMR’s report stated that the growing regulatory changes in the United States (US) with the implementation of the patient protection and affordable law act will help in driving the growth of the healthcare BPO sector.
Some of the major players operating in the healthcare outsourcing market are Xerox Corporation, Hinduja Global Solutions, DSM Pharma, Accenture, Cognizant Technology Solutions, Wipro, Genpact, and EXLService, among others.
