Global Healthcare Payer Services Market Size & Outlook
The healthcare payer services industry worldwide is expected to reach a projected revenue of US$ 108,023.7 million by 2030. A compound annual growth rate of 7.1% is expected of the worldwide healthcare payer services industry from 2024 to 2030.
Revenue, 2023 (US$M)
$66,718.4
Forecast, 2030 (US$M)
$108,023.7
CAGR, 2024 - 2030
7.1%
Report Coverage
Worldwide
Global healthcare payer services market, 2018-2030 (US$M)
Related Markets
Global healthcare payer services market highlights
- The global healthcare payer services market generated a revenue of USD 66,718.4 million in 2023 and is expected to reach USD 108,023.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.1% by 2030.
- In terms of segment, ito services accounted for a revenue of USD 34,214.1 million in 2023.
- KPO Services is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 66,718.4 million |
| Market revenue in 2030 | USD 108,023.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Ito services |
| Fastest growing segment | KPO Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BPO Services, ITO Services, KPO Services |
Other key industry trends
- In terms of revenue, the North America accounted for 75.7% of the global healthcare payer services market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 699.0 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare payer services market segmentation & scope
Claims management services
Integrated front office service and back office operations
Member management services
Provider management services
Billing and accounts management services
Analytics and fraud management services
HR Services
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global healthcare payer services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare payer services market will help companies and investors design strategic landscapes.
ito services was the largest segment with a revenue share of 51.28% in 2023. Horizon Databook has segmented the Global healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Healthcare Payer Services Services Outlook (Revenue, USD Million, 2018-2030)
- BPO Services
- ITO Services
- KPO Services
- Global Healthcare Payer Services Application Outlook (Revenue, USD Million, 2018-2030)
- Claims management services
- Integrated front office service and back office operations
- Member management services
- Provider management services
- Billing and accounts management services
- Analytics and fraud management services
- HR Services
- Global Healthcare Payer Services End Use Outlook (Revenue, USD Million, 2018-2030)
- Private Payers
- Public Payers
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Horizon Databook provides a detailed overview of global-level data and insights on the Global healthcare payer services market , including forecasts for subscribers. This global databook contains high-level insights into Global healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global healthcare payer services market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Healthcare payer services market size, 2023 (USD Million)
Top 10 countries: Healthcare payer services market size, 2023 (USD Million)
Global healthcare payer services market, by region, 2023 (US$M)
Related regional statistics
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