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Favorable Governmental Regulations in Developing and Developed Regions to Accentuate Healthcare BPO Sales Market

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Published on : Jun 09, 2017

Albany, New York, June 09, 2017: The comprehensive report on the global healthcare BPO sales market offers in-depth insights into the current market status, notable trends, emerging opportunities, and competitive dynamics. The research covers the market share of various types of healthcare services along the historical as well as the forecast period (2016–2022). The report provides insights into recent product offerings of market players and the strategies adopted by them to strengthen their presence in major regions. 

The market is segmented on the basis of application, type, and region. The study highlights recent developments in major application segments such as hospitals, dental clinics, and public services and analyzes the factors affecting their market size in various regions. The major regions covered in the report are Asia Pacific, Europe, and North America with a key focus on countries such as China, India, Japan, and the U.S. The key product offerings include medical coding services, membership service, medicare services, medical animation services, pharmaceutical services, and medical billing services. 

The rising pressures to contain mounting healthcare costs, the demand for accuracy in billing, and the increasing complexity of clinical trials are some of the key factors driving the healthcare BPO sales market. The emergence of new reporting requirements and the increasing focus toward consolidation of healthcare system in various developed and developing nations are expected to boost the market over the forecast period. 

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However, the concern of patient data and security is a major concern likely to hinder the market. Furthermore, the hidden costs that may associated with outsourcing these activities to BPOs may hamper the market to an extent. Nevertheless, technological advancements in the medical and pharmaceutical industries are expected to create exciting opportunities in the healthcare BPO sales market. 

North America is a prominent market for healthcare BPO sales led by the demand for these services in the U.S. The existing regulatory landscape is anticipated to positively impact the regional market. Europe is another prominent market for healthcare BPO sales. Asia Pacific is expected to offer lucrative growth avenues to market players. Increasing healthcare spending in several developing and developed nations is anticipated to fuel the regional market. A major impetus to the regional market growth will come from China, India, and various parts of Southeast Asia. The Asia Pacific market for healthcare BPO sales is projected to grow at an impressive pace over the forecast period. 

Major players vying for a significant share in the healthcare BPO sales market include NTT DATA, Marlabs Inc., Invensis Technologies Pvt Ltd.,  Infosys Limited, HGS, HCL Technologies Limited, Genpact, Flatworld Solutions Pvt. Ltd, Finnastra Private Limited, Concentrix, EXL, Cognizant, Arise Virtual Solutions Inc., Accenture, and AR Logix, Inc.

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