Europe Healthcare Payer Services Market Size & Outlook
Europe healthcare payer services market, 2018-2030 (US$M)
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Europe healthcare payer services market highlights
- The Europe healthcare payer services market generated a revenue of USD 5,366.8 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, ito services was the largest revenue generating services in 2023.
- KPO Services is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,366.8 million |
| Market revenue in 2030 | USD 8,425.9 million |
| Growth rate | 6.7% (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 |
| Key market players worldwide | Cognizant Technology Solutions Corp Class A, ExlService Holdings Inc, Accenture PLC Class A, Xerox Holdings Corp, Concentrix Corp Ordinary Shares, Genpact Ltd, Wipro Ltd ADR, HCL Technologies, Hinduja Global Solutions |
Other key industry trends
- In terms of revenue, Europe region accounted for 8.0% of the global healthcare payer services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 13,016.8 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 51.27% in 2023. Horizon Databook has segmented the Europe healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
According to the European Investment Bank, WHO highlights the pre-existing challenges in the sector, with many countries facing an insufficient number of healthcare workers, suboptimal skill mixes, and imbalanced geographic distributions.
This underscores the pivotal role of healthcare payer services in facilitating the development and training needs of the healthcare workforce to meet the evolving challenges posed by the pandemic.
Furthermore, maintaining the financial and political momentum generated by the COVID-19 pandemic is imperative. The pandemic has underscored the importance of robust healthcare systems, necessitating continued investment and support.
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Target buyers of Europe healthcare payer services market databook
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Our clientele includes a mix of healthcare payer services market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe healthcare payer services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe healthcare payer services market size, by country, 2018-2030 (US$M)
Europe Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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