UK Healthcare Payer Services Market Size & Outlook
UK healthcare payer services market, 2018-2030 (US$M)
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UK healthcare payer services market highlights
- The UK healthcare payer services market generated a revenue of USD 1,199.8 million in 2023 and is expected to reach USD 1,887.3 million by 2030.
- The UK 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.
Healthcare payer services market data book summary
| Market revenue in 2023 | USD 1,199.8 million |
| Market revenue in 2030 | USD 1,887.3 million |
| Growth rate | 6.7% (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, UK accounted for 1.8% 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 Europe, UK healthcare payer services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,885.6 million by 2030.
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Healthcare Payer Services Market Scope
Healthcare Payer Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 51.29% in 2023. Horizon Databook has segmented the UK 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 National Health Service (NHS) plays a pivotal role in catering to the medical needs of over 58 million permanent residents. According to the Med vocation article, the system operates through general taxation, representing approximately 18% of income tax and accounting for around 4.5% of an average citizen's income.
A significant portion, about 8.4% of the UK’s GDP, is allocated to running the healthcare system. While the public healthcare system serves the majority, around 11% of the population relies on private healthcare options.
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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 UK healthcare payer services market , including forecasts for subscribers. This country databook contains high-level insights into UK healthcare payer services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK healthcare payer services market size, by services, 2018-2030 (US$M)
UK Healthcare Payer Services Market Outlook Share, 2023 & 2030 (US$M)
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