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Healthcare Payer Services Market

Healthcare Payer Services Market Market Research Report – Segmented By Service Type (Business Process Outsourcing Services, Information Technology Outsourcing Services, Knowledge Process Outsourcing Services), By Application (Claims Management Services, Integrated Front-end Services And Back-office Operations, Member Management Services, Provider Management Services, Billing And Accounts Management Services, Analytics And Fraud Management Services, Hr Services), By End User (Private Payers, Public Payers) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Healthcare Payer Services Market was valued at US $30.23 billion in 2021 and is projected to grow at 11.54% CAGR over the forecast period to reach US $58.21 billion by 2027. Healthcare Payer Services Market represented US $5.93 billion opportunity over 2019-2021 and estimated to create US $27.98 billion opportunity in 2027 over 2021.

Healthcare Payer Services Market Size (2019 - 2027), USD billion

Healthcare Payer Services from Consainsights analyses the Healthcare Payer Services Market in the Technology & Media industry over the forecast period to 2027.

Healthcare Payer Services research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Healthcare Payer Services segmentation includes Service Type, Application, End User and Geography.

Based on the Service Type, the Healthcare Payer Services analysis covers Business Process Outsourcing Services, Information Technology Outsourcing Services, Knowledge Process Outsourcing Services.

In Service Type segment, Business Process Outsourcing Services segment has highest cagr growth of 10.20%.

Revenue Share (%), By Service Type (2021)

Based on the Application, the Healthcare Payer Services analysis covers Claims Management Services, Integrated Front-end Services And Back-office Operations, Member Management Services, Provider Management Services, Billing And Accounts Management Services, Analytics And Fraud Management Services, Hr Services.

In Application segment, Claims Management Services segment has highest cagr growth of 10.20%.

Revenue Share (%), By Application (2021)

Based on the End User, the Healthcare Payer Services analysis covers Private Payers, Public Payers.

In End User segment, Private Payers segment has highest cagr growth of 10.20%.

Revenue Share (%), By End User (2021)

Based on the region, the Healthcare Payer Services analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Cognizant Technology Solutions, Accenture Plc, Exlservice Holdings, Inc., Concentrix Corporation (A Subsidiary Of Synnex Corporation), Hewlett-packard, Hinduja Global Solutions Limited, Xerox Corporation, Dell, Inc., Genpact Limited, Hcl Technologies Ltd., Wipro Limited and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Service Type

Introduction

In 2021, Business Process Outsourcing Services segment has the highest revenue of US $15.18 billion and is expected to grow at CAGR of 10.20% by 2027 Business Process Outsourcing Services segment has highest cagr growth of 10.20%.

Healthcare Payer Services Market Y-o-Y Growth (USD billion), By Service Type 2019 - 2027
Healthcare Payer Services Market Size, By Service Type, 2019-2027 (USD billion)

Business Process Outsourcing Services

Business Process Outsourcing Services segment was valued at US $12.20 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $29.23 billion by 2027. Business Process Outsourcing Services segment represented US $2.98 billion opportunity over 2019-2021 and estimated to create US $14.05 billion opportunity in 2027 over 2021.

Business Process Outsourcing Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Information Technology Outsourcing Services

Information Technology Outsourcing Services segment was valued at US $6.51 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $15.61 billion by 2027. Information Technology Outsourcing Services segment represented US $1.59 billion opportunity over 2019-2021 and estimated to create US $7.50 billion opportunity in 2027 over 2021.

Information Technology Outsourcing Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Knowledge Process Outsourcing Services

Knowledge Process Outsourcing Services segment was valued at US $5.58 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $13.37 billion by 2027. Knowledge Process Outsourcing Services segment represented US $1.36 billion opportunity over 2019-2021 and estimated to create US $6.43 billion opportunity in 2027 over 2021.

Knowledge Process Outsourcing Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Application

Introduction

In 2021, Claims Management Services segment has the highest revenue of US $12.42 billion and is expected to grow at CAGR of 10.20% by 2027 Claims Management Services segment has highest cagr growth of 10.20%.

Healthcare Payer Services Market Y-o-Y Growth (USD billion), By Application 2019 - 2027
Healthcare Payer Services Market Size, By Application, 2019-2027 (USD billion)

Claims Management Services

Claims Management Services segment was valued at US $9.98 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $23.92 billion by 2027. Claims Management Services segment represented US $2.44 billion opportunity over 2019-2021 and estimated to create US $11.50 billion opportunity in 2027 over 2021.

Claims Management Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Integrated Front-end Services And Back-office Operations

Integrated Front-end Services And Back-office Operations segment was valued at US $5.94 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $14.23 billion by 2027. Integrated Front-end Services And Back-office Operations segment represented US $1.45 billion opportunity over 2019-2021 and estimated to create US $6.84 billion opportunity in 2027 over 2021.

Integrated Front-end Services And Back-office Operations - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Member Management Services

Member Management Services segment was valued at US $3.57 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $8.56 billion by 2027. Member Management Services segment represented US $0.87 billion opportunity over 2019-2021 and estimated to create US $4.11 billion opportunity in 2027 over 2021.

Member Management Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Provider Management Services

Provider Management Services segment was valued at US $2.43 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $5.83 billion by 2027. Provider Management Services segment represented US $0.59 billion opportunity over 2019-2021 and estimated to create US $2.80 billion opportunity in 2027 over 2021.

Provider Management Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Billing And Accounts Management Services

Billing And Accounts Management Services segment was valued at US $1.22 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $2.93 billion by 2027. Billing And Accounts Management Services segment represented US $0.30 billion opportunity over 2019-2021 and estimated to create US $1.41 billion opportunity in 2027 over 2021.

Billing And Accounts Management Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Analytics And Fraud Management Services

Analytics And Fraud Management Services segment was valued at US $0.63 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $1.51 billion by 2027. Analytics And Fraud Management Services segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.73 billion opportunity in 2027 over 2021.

Analytics And Fraud Management Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Hr Services

Hr Services segment was valued at US $0.51 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $1.23 billion by 2027. Hr Services segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.59 billion opportunity in 2027 over 2021.

Hr Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

End User

Introduction

In 2021, Private Payers segment has the highest revenue of US $12.63 billion and is expected to grow at CAGR of 10.20% by 2027 Private Payers segment has highest cagr growth of 10.20%.

Healthcare Payer Services Market Y-o-Y Growth (USD billion), By End User 2019 - 2027
Healthcare Payer Services Market Size, By End User, 2019-2027 (USD billion)

Private Payers

Private Payers segment was valued at US $10.16 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $24.33 billion by 2027. Private Payers segment represented US $2.48 billion opportunity over 2019-2021 and estimated to create US $11.70 billion opportunity in 2027 over 2021.

Private Payers - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Public Payers

Public Payers segment was valued at US $5.55 billion in 2019 and is projected to grow at 10.20% CAGR over the forecast period to reach US $13.30 billion by 2027. Public Payers segment represented US $1.35 billion opportunity over 2019-2021 and estimated to create US $6.39 billion opportunity in 2027 over 2021.

Public Payers - Historical, Forecast Market Sizes (USD billion), 2019 - 2027