(PharmaNewsWire.Com, April 19, 2017 ) According to the report Middle East and Africa Healthcare BPO market by Provider service, published by Market Data Forecast, the Middle East and Africa market is projected to reach USD 14.12 Billion by 2021, at a CAGR of 9.992% from 2016 to 2021
The physical infrastructure in Middle-East & Africa countries has received a boost from their governments solely to increase BPO feasibility. These countries have the same appeal of low cost resources including cheap but skilled labour. The major advantage for these countries however is the timeline. Being located in a time zone that is very close to the time zones of the biggest economies causes a smoother, seamless running of operations.
Further, with the growing demand for proper healthcare or related services management, the healthcare organizations are required to outsource certain services to maintain an effective system. Further, the rising pressure to cut healthcare costs, consolidation of healthcare system, along with the stringent policies to implement ICD-10 codes are the major factors fuelling the Middle-East & Africa Healthcare BPO market.
Healthcare BPO market is segmented by Provider service, Payer service, Pharmaceutical service and by Region as follows.
1. Provider Service Medical Billing Medical Coding Medical Transcription Finance & Accounts
2. Payer Service Claims Management Integrated Front-end Services and Back-office Operations Member Management Provider Management Billing and Accounts Management Analytics and Fraud Management HR Services
3. Pharmaceutical Service Research and Development Manufacturing Non-clinical Services - Sales and Marketing services - Supply Chain Management - Other Non-Clinical Applications
With the ever-growing demand for healthcare, the need for outsourcing the services is expected to provide niche opportunities for IT companies to poach upon. Some of the major players operating in the healthcare BPO market include Cognizant Technology Solutions Corporation (U.S.), Accenture PLC (U.S.), Genpact Limited, Tata Consultancy Services Ltd. (India), Infosys BPO Ltd. (India) and Xerox Corporation (U.S.).
The Health Care BPO Market study offers the following deliverables:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development.
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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