India Healthcare Payer Services Market Size & Outlook
India healthcare payer services market, 2018-2030 (US$M)
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India healthcare payer services market highlights
- The India healthcare payer services market generated a revenue of USD 1,495.0 million in 2023 and is expected to reach USD 2,799.9 million by 2030.
- The India market is expected to grow at a CAGR of 9.4% 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.
Healthcare payer services market data book summary
| Market revenue in 2023 | USD 1,495.0 million |
| Market revenue in 2030 | USD 2,799.9 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Ito services |
| Fastest growing segment | KPO Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 2.2% of the global healthcare payer services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare payer services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,799.9 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 51.1% in 2023. Horizon Databook has segmented the India healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
China's commitment to economic development has translated into significant advances in social welfare, especially in healthcare. According to the East Asia Forum news, the pursuit of universal health coverage along with the remarkable achievement of lifting 800 million people out of poverty serves as a compelling example.
China's experience in healthcare development holds valuable lessons for other developing nations aiming to make achieve universal health coverage. The initial steps in this transformative journey included institution building, with the establishment of the Rural Cooperative Medical System (RCMS) and Labor Security System (LSS).
These healthcare schemes, operating in urban and rural areas, respectively, had a longstanding presence. However, the forces of open market reforms, economic transformation, and urbanization hastened their decline.
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Horizon Databook provides a detailed overview of country-level data and insights on the India healthcare payer services market , including forecasts for subscribers. This country databook contains high-level insights into India healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India healthcare payer services market size, by services, 2018-2030 (US$M)
India Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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