The global healthcare supply chain BPO market size is expected to reach USD 3.3 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% from 2020 to 2027. Rising demand for an efficient inventory management system and increasing efforts of healthcare providers to reduce costs and improve the quality of the supply chain are anticipated to propel the market growth.
Healthcare supply chain business process outsourcing (BPO) is a strategy adopted by the healthcare industries to increase their business by outsourcing their ancillary functions to third party organizations in order to reduce cost, transaction, and active processing. The major factors fueling the market growth are rising pressure to decrease the healthcare delivery cost, increasing prevalence of cardiovascular diseases, and the growing presence of experienced healthcare BPO service providers. With the increasing demand for healthcare, the outsourcing services are expected to provide various opportunities for the healthcare IT industries to poach on. Additionally, an increasing number of people pursuing insurance and consolidation of the healthcare system are the major factors fueling market growth.
North America held the largest share of 50.2% in 2019 and is expected to maintain its lead over the forecast period. Increasing adoption of offshore healthcare supply chain business process outsourcing and raising awareness with regards to cost implications are expected to drive the market in the region. In addition, increased technological development in the pharmaceutical sector and growing demand for healthcare IT services in the region are anticipated to propel market growth in the region.
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Healthcare Supply Chain BPO Market Report Highlights
- The transport management segment dominated the market with a share of 24.1% in 2019 due to increasing demand for healthcare services
- The manufacturing management segment is expected to expand at the fastest CAGR of 6.0% over the forecast period due to recent technological development and an increase in the demand for healthcare needs
- The biotechnology and pharmaceutical companies end-user segment is expected to witness significant growth over the forecast period due to the growing need for the medicines and cost-efficient production
- North America dominated the market in 2019 owing to the rising demand for transport management service.
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Healthcare Supply Chain BPO Market Segmentation
Grand View Research has segmented the global healthcare supply chain BPO market based on payer service, end-user, and region:
Healthcare Supply Chain BPO Payer Services (Revenue, USD Million, 2016- 2027)
- Order Management
- Inventory Management
- Transport Management
- Manufacturing Management
- Sustainability Services
Healthcare Supply Chain BPO End-user Outlook (Revenue, USD Million, 2016 – 2027)
- Biotechnology and Pharmaceutical Companies
- Academic and Government Research Institutes
- Others
Key Topic covered
Chapter 1. Methodology and Scope
1.1. Market segmentation & scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
1.2.3. Secondary sources &third-party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
Chapter 2. Executive Summary
Chapter 3. Market Definitions
Chapter 4. Healthcare Supply Chain Business Process Outsourcing (BPO) Market Variables, Trends & Scope
4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Market Dynamics
4.3.1. Market Driver Analysis
4.3.1.1. Rise in need of cost-effective operations
4.3.1.2. Increasing demand for advanced SCM practices
4.3.2. Market Restraint/ Challenges Analysis
4.3.2.1. Rapid changes in economic strategies
4.4. Penetration & Growth Prospect Mapping
4.5. Business Environment Analysis Tools
4.5.1. Industry Analysis – Porter’s
4.5.2. PEST Analysis
4.6. Company Market Share Analysis, 2019
4.7. Healthcare Supply Chain Business Process Outsourcing (BPO) Production Outlook
Chapter 5. Healthcare Supply Chain Business Process Outsourcing (BPO) Market Payer Service Outlook
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 – 2027 (Revenue, USD Million)
5.2. Order Management
5.2.1. Market estimates and forecasts by region, 2016 – 2027 (Revenue, USD Million)
5.3. Inventory Management
5.3.1. Market estimates and forecasts by region, 2016 – 2027 (Revenue, USD Million)
5.4. Transport Management
5.4.1. Market estimates and forecasts by region, 2016 – 2027 (Revenue, USD Million)
5.5. Manufacturing Management
5.5.1. Market estimates and forecasts by region, 2016 – 2027 (Revenue, USD Million)
5.6. Sustainability Services
5.6.1. Market estimates and forecasts by region, 2016 – 2027 (Revenue, USD Million)
Continue…
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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