North America Healthcare Payer Services Market Size & Outlook
North America healthcare payer services market, 2018-2030 (US$M)
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North America healthcare payer services market highlights
- The North America healthcare payer services market generated a revenue of USD 50,488.5 million in 2023.
- The market is expected to grow at a CAGR of 7.2% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 50,488.5 million |
| Market revenue in 2030 | USD 82,247.5 million |
| Growth rate | 7.2% (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, North America region accounted for 75.7% 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 |
|---|
North America 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 51.33% in 2023. Horizon Databook has segmented the North America healthcare payer services market based on bpo services, ito services, kpo services covering the revenue growth of each sub-segment from 2018 to 2030.
The growing disease burden in North America is responsible for the significant growth in the healthcare payer services market. Disease burden, which includes factors like the prevalence, fatalities, and disabilities caused by diseases, is boosting the demand for healthcare services.
This economic landscape indicates a substantial opportunity for the healthcare payer services market as the need for efficient financial management and administrative services in the healthcare sector continues to be crucial.
Moreover, the decline in the number of uninsured individuals for the second consecutive year in 2021, coupled with the increase in Medicaid and Marketplace enrollment, signifies a changing healthcare landscape.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America healthcare payer services market , including forecasts for subscribers. This continent databook contains high-level insights into North America healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America healthcare payer services market size, by country, 2018-2030 (US$M)
North America Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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