Process Streamlining is one of the Key Attributes of the RPA in Healthcare Market
The global RPA in healthcare market will foresee massive growth to reach ~$300 million by 2025
Bangalore, India, July 26, 2019: With its recently published study “Global RPA in Healthcare Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for RPA in healthcare is expected to grow owing to the increasing need to automate operational work across hospitals. RPA implementation in hospitals will ensure reduced workforce, along with effective management of tedious manual tasks.
RPA finds significant interest from the healthcare sector in North America and Europe. The increasing need of organizations to reduce bottom-line expenditure in managing patients and scheduling activities are responsible for driving the growth of RPA in the healthcare sector. Automation is likely to increase, especially in North America, Europe, and Asia Pacific during the forecast period 2019–2025, indicating a CAGR of more than 20% to exceed $300 million revenue by 2025.
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North America is dominant in its adoption of RPA, followed by Europe and Asia Pacific. North America is expected to invest heavily in this market with foresight to reduce their manual operations by managing complex and repetitive tasks. With established players already in the market, it is the apt time for upcoming vendors to tap the untapped potential in this market and get the first mover’s advantage in different sub-segments. Asia Pacific will grow at the highest CAGR as the region holds immense potential, backed by the increasing need to manage hospitals having large patient queues.
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Claims management is major segment that is contributing towards the growth of this market, more because hospitals and clinics are trying to reduce the employee strength to handle operational tasks. The other significant share is being contributed by clinical documentation, which focuses on easy documentation and report generation for customers. Major implementation is going on in the healthcare industry, followed by the BFSI segment.
“RPA is transforming the way customer management and back-end operations are handled in organizations. Large hospital chains are expected to gradually reduce day-to-day routine work by implementing RPA.” analyzed Swarup Bhowal, Research Analyst, Infoholic Research
Segmentation of the Report Include:
- Support and Maintenance
- Training and Consulting
- Organization Sizes:
- Large Enterprises
- Claims Management
- Clinical Documentation
- Billing and Compliance Management
- Appointment Scheduling
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East Africa
- South Africa
- Rest of Middle East Africa
- Latin America
- Rest of Latin America
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities
Ms. Kathakali Basu
Infoholic Research LLP