South Africa Healthcare Payer Services Market Size & Outlook
South Africa healthcare payer services market, 2018-2030 (US$M)
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South Africa healthcare payer services market highlights
- The South Africa healthcare payer services market generated a revenue of USD 556.6 million in 2023 and is expected to reach USD 699.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.3% 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 556.6 million |
| Market revenue in 2030 | USD 699.0 million |
| Growth rate | 3.3% (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, South Africa accounted for 0.8% 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 Middle East & Africa, South Africa healthcare payer services market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 105.0 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 50.92% in 2023. Horizon Databook has segmented the South Africa 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 healthcare payer services market in South Africa is witnessing a transformative phase, driven by the dual-system healthcare landscape and the government's push toward universal healthcare.
The ongoing shift toward universal healthcare is exemplified by the proposed National Health Insurance (NHI) scheme, positioning the government as the primary procurer of health goods and services.
NHI aims to enhance the public healthcare system's infrastructure and accessibility, with a phased rollout leading to full implementation by 2026. However, the timely execution faces challenges, including funding constraints and the impact of the COVID-19 pandemic on the NHI timeline.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa healthcare payer services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa healthcare payer services market size, by services, 2018-2030 (US$M)
South Africa Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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