Vehicle Electrification Market Size Is Set To Reach Around $125.12 Billion By 2025: Grand View Research, Inc.

The global Vehicle Electrification Market is anticipated to reach USD 125.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for electrification in transport automobiles is increasing owing to social influence and acceptability to shift in favor of electrification via lowered usage of petroleum to energy efficient vehicle. Moreover, regional legislation policies and regulatory efforts globally on strengthening CO2 emissions standard have been immensely contributing to the growth of the market. 

Integrated Starter Generator (ISG) product is expected to gain traction over the forecast period. The application of ISG in vehicle helps the engine to instant and silently restart after the idle or traffic stop when the engines shut down to reduce emission and save fuel. ISG achieve vibration and noise reduced operation improving the automobile comfort for the user. Further, ISG optimizes the electric energy by reducing the load of the engine which further drives the content of electronic solution in the vehicle. Integrated starter generator in the automobile has significant influence to start engine under extremely low-temperature conditions.The demand for integrated started generator product type was valued at USD 4.97 billion in 2016 and is expected to reach over USD 11.16 billion by 2025.

The internal combustion engine (ICE) & micro-hybrid vehicle is one of the largest segment in hybridization type. The growth of ICE & micro-hybrid automobiles is attributed to mechanical integration which yields significant fuel economy when it is idle in traffic or at a signal. Moreover, to meet the growing environmental challenges which are posed by several emission legislations automakers have developed various eco solutions in the conventional ICE.

Increasing user demand for eco-friendly solutions and stringent emission regulations are few key factors that are expected to impact the growth for internal combustion engine & micro-hybrid vehicle in the market over the forecast period. The internal combustion engine & micro-hybrid vehicle segment is anticipated to grow at a CAGR of 7.8% from 2017 to 2025.

Access Full Insights: www.grandviewresearch.com/industry-analysis/vehicle-electrification-market

 Further key findings from the report suggest:

• The global vehicle electrification market accounted for USD 58.92 billion in 2016 and is expected to grow at a CAGR of 9.1% from 2017 to 2025
• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle emerged as the largest segment in 2016 and is estimated to generate revenue over USD 70.68 billion by 2025.
• The BEV hybridization segment is anticipated to witness moderate growth over the next eight years.
• The electric vacuum pump within product segment is estimated to reach over USD 17.75 billion by 2025
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of vehicle electrification methods among automobile sector on a large scale. The regional market is expected to grow at a CAGR of 8.5% from 2017 to 2025.
• Key players include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Electric, and Mitsubishi Electric Corporation, accounting for a majority share of the overall market in 2016

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Grand View Research has segmented the vehicle electrification market on the basis of product, hybridization and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

• Start/Stop System
• Electric Power Steering (EPS)
• Liquid Heater Ptc
• Electric Air Conditioner Compressor
• Electric Vacuum Pump
• Electric Oil Pump
• Electric Water Pump
• Starter Motor & Alternator
• Integrated Starter Generator (ISG)
• Actuators

Hybridization Outlook (Revenue, USD Million, 2014 - 2025)

• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)

Regional Outlook  (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Rest of the World
  • Brazil
  • Mexico

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-vehicle-electrification-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. 

For More Information: www.grandviewresearch.com

World Oilfield Equipment Market Total Revenue Would Be $127.6 Billion By 2020: Grand View Research, Inc.

The global Oilfield Equipment Market size is expected to reach USD 127.6 billion by 2020, according to a new report by Grand View Research, Inc. Continuous technological advancements in tools for better performance, improved recovery rate, and higher production is expected to drive the global industry demand over the forecast period. Advancements in drilling techniques such as horizontal and directional drilling are expected to further boost the overall market demand in future.

Drilling equipment accounted for a share of 73.65% of the overall market revenue in 2013. The product segment is expected to grow at a CAGR of 4.2% from 2014 to 2020. Onshore operations majorly involve use of enhanced machines and huge number of tools for better results. Others include tools and machines which are used before transportation activities. The segment is expected to grow at a significant CAGR of 3.9% from 2014 to 2020.

Access Full Research Report on Oilfield Equipment Market: www.grandviewresearch.com/industry-analysis/oilfield-equipments-market

Further key findings from the study suggest:

• North America was the leading regional market covering a market revenue share of 39.49% in 2013. High drilling activities to meet energy demand coupled with shale gas development was the major reason for its dominance. The market is expected to experience slow growth over the forecast period.
• Field production machinery accounted for 16.82% of overall market revenue share in 2013. The market is expected to witness slow growth over the next six years. Pumps & valves are expected to grow at a significant CAGR of 3.8% from 2014 to 2020 owing to increasing number of pipelines globally.
• Asia Pacific covered a market revenue share of 19.70% in 2013 and is expected to grow at the highest CAGR of 4.5% from 2014 to 2020. China is expected to contribute maximum towards regional industry growth in future. Other countries including India, Thailand, and Indonesia are also expected to witness high market growth over the forecast period.
• Global market is highly fragmented in nature. Major companies are Schlumberger, Baker Hughes, National Oilwell Varco, Weatherford International, Halliburton, Cameron International, Aker Solutions, and Transocean. Technological breakthroughs in the industry are expected to raise profits and market share over the forecast period. Small industry participants find it difficult to survive in the overall market on account of its high risk and high capital nature.

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Grand View Research has segmented the Oilfield Equipment market on the basis of product and region:

Oilfield Equipment Product Outlook (Revenue, USD Million, 2012 - 2020)

• Drilling Equipment
• Field Production Machinery
• Pumps & Valves
• Others

Oilfield Equipment Regional Outlook (USD Million, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-oilfield-equipment-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: https://www.grandviewresearch.com

Pediatric Vaccines Market Is Poised To Reach $60.4 Billion By 2025 | CAGR: 11.7%: Grand View Research, Inc.

The global Pediatric Vaccines Market is expected to reach USD 60.4 billion by 2025 at an 11.7% CAGR, according to a new report by Grand View Research, Inc. Advancements in development of vaccines and new product launches are some of the major drivers of the market. 

Increase in investments by companies to capture a larger market share is anticipated to propel growth. Some of the factors attributed to increase in investment are high growth prospects in the emerging market, immunization schedule mandated by doctors for children, and awareness programs led by UNICEF, WHO, and other healthcare organizations. Furthermore, increase in number of government initiatives for raising awareness about immunization is expected to boost the market for pediatric vaccines.

Advancements in development of novel adjuvants and therapeutic vaccines are expected to drive growth during the forecast period. Ongoing research in novel molecules targeted at specific mechanisms of action in the body is aimed at providing immunity against fatal diseases such as cancer and Zika virus disease. For instance, in June 2016, Inovio Pharmaceuticals, Inc. announced the initiation of phase I clinical trial for their Zika DNA vaccine named GLS-5700.

Access Full Research Report on Pediatric Vaccines Market: www.grandviewresearch.com/industry-analysis/pediatric-vaccine-market

Further key findings from the report suggest:

• The global pediatric vaccines market was estimated at USD 22.4 billion in 2016 and is expected to grow with a CAGR of 11.7% from 2017 to 2025
• By type, monovalent emerged as the largest segment due to factors such as high usage and increase in initiatives for R&D activities supported by various governments
• Conjugate vaccines formed the dominant technology segment in terms of revenue in 2016. Higher adoption of these vaccines and increase in prevalence of infectious diseases contribute to its lead in the market for pediatric vaccines
• By application, the cancer segment is expected to witness the fastest growth with a CAGR of 12.6% owing to increasing prevalence of cancer and rising need for immunization against the disease
• North America held the largest revenue share in 2016. Its dominance in the market for pediatric vaccines is owing to factors such as local presence of major players in the industry and extensive R&D activities
• The Asia Pacific region is anticipated to witness lucrative growth over the next decade due to increase in prevalence of infectious diseases and a large target population
• Key players such as GlaxoSmithKline plc; Pfizer, Inc.; SANOFI; and AstraZeneca dominated the global market for pediatric vaccines in 2016.

Read Our Blog: www.grandviewresearch.com/blogs/healthcare

Grand View Research has segmented the global pediatric vaccines market on the basis of type, technology, application, and region:

Type Outlook (Market Revenue in USD Billion, 2014 - 2025)

• Monovalent
• Multivalent

Technology Outlook (Market Revenue in USD Billion, 2014 - 2025)

• Live Attenuated
• Inactivated
• Subunit
• Toxoid
• Conjugate
• Others

Application Outlook (Market Revenue in USD Billion, 2014 - 2025)

• Infectious disease
• Cancer
• Allergy

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-pediatric-vaccine-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Phosphate Fertilizers Market Size Is Set To Reach New Height Of $78.06 Billion By 2025 | CAGR 5.1%: Grand View Research, Inc.

The global Phosphate Fertilizers Market size is expected to reach USD 78.06 billion by 2025, according to a new report by Grand View Research, Inc, registering a 5.1% CAGR therein. Increasing population and demand for diverse food has been a key factor driving market growth. In addition, limited availability of ploughed land and increasing meat consumption all over the world is fueling the demand for phosphate fertilizers over the forecast period.

Phosphate is one of the three primary nutrients needed for plants to grow to their full potential. It is essential for normal plant growth, absorption of sun’s energy, and converting it to useful plant compounds. Several phosphate fertilizers are used to meet the phosphorous (P) requirements of plants. It helps create strong roots and stems, provides resistance to disease, and increases productivity.

Phosphate is an important fertilizer input used in agricultural production. These include different types of fertilizers such as superphosphate, monoammonium phosphate (MAP), and diammonium phosphate (DAP) products. Fluctuating energy prices are the main cause of price volatility in phosphate fertilizers. Transportation costs, policy decisions, exchange rates, and other uncontrollable factors are other key factors affecting global trading of fertilizer products.

The phosphate fertilizers market is consolidated in nature and comprises few global and regional players. Major players have strong distribution networks and different brands in the global market. Several key participants are conducting research and development activities to manufacture cost-effective and organic phosphate fertilizer products to meet the needs of the market. 

Access Full Research Report On Phosphate Fertilizers Market: www.grandviewresearch.com/industry-analysis/phosphate-fertilizers-market

Further key findings from the report suggest:

• The global phosphate fertilizers market was valued at USD 51.6 billion in 2016 and is expected to expand at a CAGR of 5.1% from 2017 to 2025
• In terms of volume, cereals and grains emerged as the largest application segment in 2016 and is expected to expand at a CAGR of 3.2% between 2017 and 2025
• Revenue generated by diammonium phosphate (DAP) fertilizer was valued at USD 15.5 billion in 2016 and is anticipated to witness significant growth over the forecast period
• In terms of volume, the application of phosphate fertilizers in cereals and grains in India was pegged at 2,976.7 kilo tons in 2016 and is projected to rise at CAGR of 4.6% from 2017 to 2025
• The phosphate fertilizers market in Asia Pacific is projected to experience significant growth over the forecast period owing to increasing population and diversified demand of food, especially in the cereals and grains and fruits and vegetables segments. In terms of revenue, the APAC market is expected to expand at a CAGR of 5.5% between 2017 and 2025
• Key players such as Eurochem Group AG, Agrium Inc.; Potash Corp. of Saskatchewan Inc.; Yara International ASA; CF Industries Holdings Inc.; Israel Chemicals Ltd.; Coromandel International Ltd.; The Mosaic Co.; S.A OCP; and PJSC PhosAgro dominated the global market.

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Grand View Research has segmented the global phosphate fertilizers market on the basis of product, application, and region:

Phosphate Fertilizers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Monoammonium Phosphate (MAP)
• Diammonium Phosphate (DAP)
• Superphosphate
• Others

Phosphate Fertilizers Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Cereals & Grains
• Oilseeds
• Fruits & Vegetables
• Others

Phosphate Fertilizers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Indonesia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Morocco

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-phosphate-fertilizers-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Transfection Reagent & Equipment Market Is Predicted To Beat $1.09Bn By 2022: Grand View Research, Inc.

The global Transfection Reagent & Equipment Market is expected to reach USD 1,086.02 million by 2022, according to a new report by Grand View Research, Inc. This anticipated growth in demand can be attributed to growing need for protein production, biopharmaceutical development, and vaccine research and development; all of which rely heavily on cytological R&D and transfection.

Larger market entities are also involved in efforts to expand their market presence in the Asia Pacific region and tap the high potential for growth available. Expected growth of genomic and proteomic research is also a strong factor which will positively impact the growth in demand for transfection.

Access Full Insights on Transfection Reagent & Equipment Market: www.grandviewresearch.com/industry-analysis/transfection-reagents-and-equipment-market

Further key findings from the study suggest:

• Out of both the broad segments of products available, transfection equipment accounted for a larger share of the market in 2014 and owing to their inherently more expensive nature than reagents are expected to maintain this dominant position over the forecast period.
• The market space for transfection has an abundant number of methods to achieve the aforementioned. However, these vary significantly in usage rates and implementation complexities. Electroporation and liposomal transfection combine to account for over 30% of the market owing to high associated advantages.
• Growing applications of transfection techniques poise the segments in a strong position and estimated valuation clocks usage of transfection in gene expression at over USD 130 million and for protein production at over USD 110 million for the year 2014.
• North America was observed to be responsible for the largest share of revenue in 2014 which amounted to a little over USD 240 million. The United States houses the headquarters of operations for a number of market leaders and a number of established research and development. This provides a strong platform for development, manufacture & distribution various vaccines, and biopharmaceuticals which fuels market growth.
• However, it is Asia Pacific region which is anticipated to witness significant growth over the forecast period in various segments owing to considerable growth of cytological research, development of biosimilar drugs and high potential of growth in these relatively untapped regional segments.
• Asia Pacific is expected to grow at a significant rate over the forecast period in terms of increasing production and development of vaccines, drugs, and new biologics. Supportive government initiatives pertaining to increasing investments by manufacturers and governments in biopharmaceutical manufacturing and high untapped market opportunities are the important factors accounting for the expected growth of market in this region over the forecast period.
• Promega, Roche and Thermo Fisher owned Life Technologies accounted for the largest of revenue in 2014 and are involved in new product development for expansion of their portfolios over the forecast period. Acquisition of smaller players is also expected over the forecast period by larger companies
• Key market players in the Transfection Reagent & Equipment Market include BTX (Harvards Apparatus Inc.), SignaGen Laboratories, OriGene Technologies, EMD Millipore, VWR International LLC, Bio-Rad Laboratories Inc., Mirus Bio LLC, F. Hoffman-La Roche AG, Lonza AG, Life Technologies (Thermo Fisher), and Promega Corporation. 

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Grand View Research has segmented Transfection Reagent & Equipment Market on the basis of product, method, application, and region:

Global Transfection reagents & equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

• Reagents
• Equipment

Global Transfection reagents & equipment Method Outlook (Revenue, USD Million, 2012 - 2022)

• Electroporation
• Liposomes
• Particle Bombardment
• Microinjection
• Adenoviral vectors
• Direct microinjection
• Calcium phosphate
• DEAE-dextran
• Magnetic beads
• Activated Dendrimers
• Laserfection

Global Transfection reagents & equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

• Gene expression studies
• Protein production
• Transgenic delivery
• Cancer research
• Biomedical research

Transfection reagents & equipment Regional Outlook (Revenue, USD Million, 2012 - 2022)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• MEA
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-transfection-reagent-equipment-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Marine Lubricant Market Is Anticipated To Grow At A Estimated CAGR of 3.6% from 2014 to 2020: Grand View Research, Inc.

The Global Marine Lubricant Market size was 2,428.7 kilo tons in 2013. Growth of the global shipping industry owing to increasing demand for cargo fleets and voyages is anticipated to drive market growth. Collaboration of manufacturers with biotechnology companies and tax incentives offered by numerous governments for development of eco-friendly technologies are expected to open new opportunities for market growth over the forecast period.

Product innovation coupled with manufacturing bio-based substitutes is anticipated to bolster the demand for major industry participants in the near future. Technological innovations have helped in increasing shelf-life of mechanical components, which is anticipated to boost marine lubricants market in the near future. 

Access Full Research Report On Marine Lubricants Market: www.grandviewresearch.com/industry-analysis/marine-lubricant-market

According to ITS (International Trade Statistics), seaborne trade was the most used mode of trade and accounted for over 90% of the overall global trade in 2013.High purchasing power among consumers in emerging countries such as Brazil, China, and India has led to rise in sea voyages over the past years. Rising number of sea voyages has also been an important factor for the expansion of the shipping industry and subsequently growth of the marine lubricants market. The marine lubricant demand is expected to reach a value of USD 10.94 billion by 2020, grow at a CAGR of 3.6% from 2014 to 2020.

Mineral oil accounted for 88% of the overall market demand in 2013. Easy availability and low-cost of mineral oils coupled with increasing expenditure for R&D are likely to be major driving factors for market growth in the coming years. Mineral oil is expected to witness significant gains at a CAGR of 3.6% from 2014 to 2020.

Hydraulic oil is projected to grow at a CAGR of 3.4% from 2014 to 2020. Increasing application of hydraulic shipping parts is anticipated to drive demand over the projected period. Marine lubricant was widely used as engine oil accounting for 46.3% of the overall volume in 2013. Increasing engine efficiency and capacity is anticipated to drive the demand for engine oils in the near future.

Europe was the leading market accounting for 46.2% of total market demand in 2013. European marine lubricants market is driven by increasing investment for marine lubricants along with growing seaborne trade. Asia Pacific is anticipated to witness significant gains over the forecasted period. Growing shipping industry along with favorable governmental support in terms of freight tax relaxation and supportive emission standard, particularly in China and India is expected to propel the marine lubricants market demand in the region.

Key market participants include BP Marine, ExxonMobil, Chevron, Total Lubricants, Castrol, Sinopec Corporation, and Royal Dutch Shell. Being a moderately consolidated market coupled with capital intensive nature, the entry barrier for new players is very high. Some other companies operating in the industry include GulfMarine, Mars Petrochem Pvt. Ltd., Industrial supplies, and Pentagon Lubricants Private Limited. The market has witnessed a series of mergers & acquisition and joint ventures over the past few years.

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Grand View Research has segmented the marine lubricants market on the basis of product, application and region:

Global Marine Lubricants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

• Mineral Marine Lubricants
• Synthetic Marine Lubricants
• Bio-Based Marine Lubricant

Global Marine Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

• Engine Oil
• Hydraulic Oil
• Greases
• Others

Global Marine Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• ROW

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-marine-lubricant-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. 

For More Information: www.grandviewresearch.com

Healthcare Payer BPO Market Revenue Would Be $34.2 Billion By 2022: Grand View Research, Inc.

The Global Healthcare Payer BPO Market is expected to reach over USD 34.2 billion by 2022 according to a new report by Grand View Research Inc. Key drivers attributing to the growth are ObamaCare, shift to ICD-10 coding system, growing geriatric population, increasing disease burden and penetration of insurance coverage in emerging economies. 

In 2013, as per estimates published by the America’s Health Insurance Plans (AHIP), which is the national trade association representing the health insurance industry, one-sixth of the U.S. economy or nearly USD 2.7 trillion is dedicated to healthcare spending and the number is expected to increase year on year. However, the healthcare system is not able to reap the benefits of such expenditure due to process inefficiencies and use of redundant systems. The estimated loss due to such inefficiencies is nearly 800 billion or approximately 20 to 30 percent of the overall expenditure. 

Increasing healthcare expenditure is a major concern for the U.S. and all the other major economies. In order to reduce the economic burden and provide universal access to healthcare, governments are encouraging outsourcing of payer services to onshore or offshore locations. 

The shift from ICD-9 coding system to ICD-10 coding has created huge work load for the payers to upgrade their systems, train their staff and has significantly increased the financial burden. The ICD-9 code system had 13,000 codes, where as the ICD-10 code system has nearly 68,000 codes. This shift from the legacy system to the latest system has significantly increased the need for medical coding, accounting, HR, and other technical professionals, thereby is expected to positively reinforce the healthcare payer BPO outsourcing market growth in the next seven years. 

Access Full Insights: www.grandviewresearch.com/industry-analysis/healthcare-payer-bpo-market 

Further key findings from the study suggest:

• In 2014, claims processing services accounted for the maximum share of approximately 55%. Key reasons attributed are growth in new member enrolments due to ObamaCare, increase in disease burden. For instance, as per data published by ObamaCare and CMS, in 2013 nearly 8 million people enrolled through the marketplace and nearly 11.7 million people were enrolled in 2015.
• However, Asia Pacific is expected to be the fastest growing market over the forecast period owing to high economic development in the region, favorable government initiatives and growth in insurance penetration across urban and rural centers. For instance, the Indian government’s initiatives such as Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, are expected to benefit millions of people seeking life insurance and personal accident coverage and as consequence is expected to contribute to the healthcare payer BPO market expansion over the forecast period.
• Some key players operating in the market include, Xerox Corporation, Genpact Limited, Wipro Limited, Capgemini, Hinduja Global Solutions, HCL Technologies Ltd, Cognizant Technology Solutions, EXLService Holdings Inc., and Accenture. These players dominate the market owing to their strong product and service delivery portfolio, and presence of large customer base in the U.S and European markets.

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Grand View Research has segmented the Healthcare payer BPO market on the basis of services and region:

Global Healthcare Payer BPO Services Outlook (USD Million, 2015 - 2022)

• Claims Processing Services
• Member Services
• HR Services
• Finance And Accounts

Healthcare Payer BPO Regional Outlook, (USD Million, 2015 - 2022)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
• Asia Pacific
  • India
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-healthcare-payer-bpo-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com