Healthcare Payer BPO Market Overview The healthcare payer BPO market is expected to grow due to higher adoption of analytics in healthcare sector and increasing number of people taking for healthcare insurance. In addition, increasing technological advancement further boost the growth of the market. Owing to growing number of healthcare payer service providers and increasing pressure of cost cutting contribute to the significant growth for the market during the forecast period. The cost of outsourcing healthcare payer service is less as compared to in-house payer services.
The continuously rising geriatric population is another key factor for growth of the market. The health conditions such as cardiovascular diseases, cancers, respiratory diseases, orthopedic problems, eye care problems, and others. Increasing incidences of such diseases lead to increased workload for the insurance companies. To handle high volume claim records and patient record. The payer companies need to invest in technology, infrastructure leading to very high operational costs which is expected to lift market growth over the forecast period.
However, data security and confidentiality concerns may be hinder the growth of the healthcare payer BPO market during the forecast period.
Healthcare Payer BPO Market Segment OverviewClaims management segment is expected to hold larger share of market. due to increasing number of people take up for health insurance. Outsourcing of claims management to healthcare payers service providers decreases cost and saves time for insurance companies.
Healthcare Payer BPO Regional OverviewNorth America is expected to dominate overall market, throughout forecast period. Factors such as high public and private healthcare expenditures, a high percentage of claim records and favorable government policies accelerating the market growth in this region. The market of the Asia Pacific is projected to grow at fastest rate owing to high economic development, penetration of insurance services in urban and rural centers and favorable government policies. For instance, the Indian government’s initiatives such as Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, are expected to benefit millions of people looking for life insurance and personal accident coverage. As result, it is expected to contribute to the healthcare payer BPO market expansion over the forecast period.
Healthcare Payer BPO Market, Key Players· UnitedHealth Group, Inc.
· Cognizant Technology Solutions
· IBM Corporation
· Genpact
· Accenture PLC
· Xerox Corporation
· Hewlett-Packard
· Aetna Inc.
· EXL Service Holdings, Inc.
· Wipro Limited
· Hinduja Global Solutions
· HCL Technologies Ltd.
Healthcare Payer BPO Market SegmentationHealthcare Payer BPO Market, By Service Type
· HR Services
· Finance and Accounts
· Claims Processing Services
· Member Services
Healthcare Payer BPO Market, By Application
· Financial
· Insurance
· Human Resource
· Marketing and Sales
· Other
Healthcare Payer BPO market, By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
List of Figures
Figure 1: Global Healthcare Payer BPO Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Healthcare Payer BPO Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Healthcare Payer BPO Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Healthcare Payer BPO Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Healthcare Payer BPO Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Healthcare Payer BPO Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Healthcare Payer BPO Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Healthcare Payer BPO Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Healthcare Payer BPO Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Healthcare Payer BPO Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Healthcare Payer BPO Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Healthcare Payer BPO Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Healthcare Payer BPO Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Healthcare Payer BPO Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Healthcare Payer BPO Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Healthcare Payer BPO Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Healthcare Payer BPO Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Healthcare Payer BPO Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Healthcare Payer BPO Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Healthcare Payer BPO Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Healthcare Payer BPO Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Healthcare Payer BPO Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Healthcare Payer BPO Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Healthcare Payer BPO Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Healthcare Payer BPO Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Healthcare Payer BPO Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Healthcare Payer BPO Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Healthcare Payer BPO Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Healthcare Payer BPO Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Research Process
Data Library Research are conducted by industry experts who offer insight on
industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager
and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Primary Research
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary Research
Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size Estimation
Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
