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Market Research Report
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968622

Hospital Outsourcing Market Size, Share & Trends Analysis Report By Services (Healthcare IT, Clinical Services, Business Services, Transportation Services), By Type (Public, Private), By Region, And Segment Forecasts, 2020 - 2027
Published: | Grand View Research, Inc. | 100 Pages | Delivery time: 2-10 business days

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Hospital Outsourcing Market Size, Share & Trends Analysis Report By Services (Healthcare IT, Clinical Services, Business Services, Transportation Services), By Type (Public, Private), By Region, And Segment Forecasts, 2020 - 2027
Published: October 15, 2020
Grand View Research, Inc.
Content info: 100 Pages
Delivery time: 2-10 business days
  • Description
  • Table of Contents
  • List of Tables

Hospital Outsourcing Market Growth & Trends

The global hospital outsourcing market size is expected to reach USD 679.2 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.4% from 2020 to 2027. Hospitals are increasingly outsourcing internal activities to third-party service providers to control the rising costs of providing services, focus on the core competencies, and avail access to service professionals.

Along with the financial benefits, outsourcing of hospital services promotes access to skilled personnel to take care of both clinical and non-clinical responsibilities. The availability of experienced and professionally qualified manpower is very important in the healthcare sector as it is a people-driven industry.

In the hospital industry, patient satisfaction mainly depends on the human touch and the services offered by the staff. Hence, the hospitality aspect plays a vital role, and finding clinically qualified labor with essential soft skills is a task, thus requiring external assistance.

In addition, hospitals outsource their internal activities to third-party service providers as it allows healthcare professionals to focus on patient needs and deliver quality care. Non- clinical services that are routinely outsourced are facility management, catering, laundry, and home care staffing.

The introduction of the value-based care reforms has increased pressure on the healthcare facilities to offer cost-effective care and reduce inpatient volumes in the facilities. To maintain profitability in such a situation, hospitals are outsourcing their services to reduce cost consumption.

However, lack of control, continuity, dependency, long turnaround than in-house, and limited commitment to client organizations are a few challenges being faced by the market, which are expected to impact its growth over the forecast period.

Hospital Outsourcing Market Report Highlights

  • The clinical services segment is expected to register the highest CAGR over the forecast period owing to an increase in outsourcing of laboratory and investigation services such as microbiology, x-rays, pathology, magnetic resonance imaging, radiology, and nuclear medicine
  • The private segment dominated the market and is expected to register the highest CAGR over the forecast period, owing to the cost restrictions followed by operational flexibility in the industry
  • North America dominated the market in 2019 and accounted for the largest revenue share of 71.1% due to the high penetration/affinity towards outsourcing within the region. Furthermore, it is flooded with numerous service providers that are competent in providing high quality and regulatory compliance
  • The Middle East and Africa is expected to register the highest CAGR over the forecast period owing to the expansion of healthcare, leading to new healthcare facilities being opened over the next 10 years
Product Code: GVR-4-68039-210-4

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
    • 1.1.1 Service
    • 1.1.2 Type
    • 1.1.3 Regional Scope
    • 1.1.4 Estimates And Forecast Timeline
  • 1.2 Research Methodology
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
    • 1.3.3 Secondary Sources
    • 1.3.4 Primary Research
    • 1.3.5 Details of Primary Research
  • 1.4 Information or Data Analysis
    • 1.4.1 Data Analysis Models
  • 1.5 Market Formulation & Validation
  • 1.6 Model Details
    • 1.6.1 Commodity Flow Analysis (Model 1)
    • 1.6.2 Volume Price Analysis (Model 2)
  • 1.7 List of Secondary Sources
  • 1.8 List of Primary Sources
  • 1.9 List of Abbreviations
  • 1.10 Objectives
    • 1.10.1 Objective - 1
    • 1.10.2 Objective - 2
    • 1.10.3 Objective - 3
    • 1.10.4 Objective - 4

Chapter 2 Executive Summary

  • 2.1 Market Outlook
  • 2.2 Market Definition
    • 2.2.1 By Service
    • 2.2.2 By Type

Chapter 3 Hospital Outsourcing Market: Variables, Trends, & Scope

  • 3.1 Market Segmentation and Scope
  • 3.2 Market Driver Analysis
  • 3.3 Market Restraint Analysis
  • 3.4 Industry Challenges
  • 3.5 Penetration & Growth Prospect Mapping
  • 3.6 Porter's Five Forces Analysis
  • 3.7 PESTEL Analysis

Chapter 4 Hospital Outsourcing Market: Segment Analysis, By Service, 2016 - 2027 (USD Billion)

  • 4.1 Hospital Outsourcing Market: Service Market Share Analysis, 2019 & 2027
  • 4.2 Market Size & Forecasts and Trend Analysis, 2016 to 2027
    • 4.2.1 Healthcare IT
      • 4.2.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
    • 4.2.2 Clinical services
      • 4.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
    • 4.2.3 Business services
      • 4.2.3.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
    • 4.2.4 Transportation services
      • 4.2.4.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
    • 4.2.5 Others
      • 4.2.5.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)

Chapter 5 Hospital Outsourcing Market: Segment Analysis, by Type, 2016 - 2027 (USD Billion)

  • 5.1 Hospital Outsourcing Market: Type Market Share Analysis, 2019 & 2027
  • 5.2 Market Size & Forecasts and Trend Analysis, 2016 to 2027
    • 5.2.1 Public
      • 5.2.1.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)
    • 5.2.2 Private
      • 5.2.2.1 Market estimates and forecasts, 2016 - 2027 (USD Billion)

Chapter 6 Hospital Outsourcing Market: Regional Analysis

  • 6.1 Hospital Outsourcing Market: Market Share Analysis, 2019 & 2027
  • 6.2 North America
    • 6.2.1 North America Market, 2016 - 2027 (USD Billion)
    • 6.2.2 U.S.
      • 6.2.2.1 U.S. Market, 2016 - 2027 (USD Billion)
    • 6.2.3 Canada
      • 6.2.3.1 Canada Market, 2016 - 2027 (USD Billion)
  • 6.3 Europe
    • 6.3.1 Europe Market, 2016 - 2027 (USD Billion)
    • 6.3.2 U.K.
      • 6.3.2.1 U.K. Market, 2016 - 2027 (USD Billion)
    • 6.3.3 Germany
      • 6.3.3.1 Germany Market, 2016 - 2027 (USD Billion)
    • 6.3.4 France
      • 6.3.4.1 France Market, 2016 - 2027 (USD Billion)
    • 6.3.5 Italy
      • 6.3.5.1 Italy Market, 2016 - 2027 (USD Billion)
    • 6.3.6 Spain
      • 6.3.6.1 Spain Market, 2016 - 2027 (USD Billion)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific Market, 2016 - 2027 (USD Billion)
    • 6.4.2 Japan
      • 6.4.2.1 Japan Market, 2016 - 2027 (USD Billion)
    • 6.4.3 China
      • 6.4.3.1 China Market, 2016 - 2027 (USD Billion)
    • 6.4.4 India
      • 6.4.4.1 India Market, 2016 - 2027 (USD Billion)
    • 6.4.5 Australia
      • 6.4.5.1 Australia Market, 2016 - 2027 (USD Billion)
    • 6.4.6 South Korea
      • 6.4.6.1 South Korea Market, 2016 - 2027 (USD Billion)
  • 6.5 Latin America
    • 6.5.1 Latin America Market, 2016 - 2027 (USD Billion)
    • 6.5.2 Brazil
      • 6.5.2.1 Brazil Market, 2016 - 2027 (USD Billion)
    • 6.5.4 Argentina
      • 6.5.4.1 Argentina Market, 2016 - 2027 (USD Billion)
  • 6.6 MEA
    • 6.6.1 MEA Market, 2016 - 2027 (USD Billion)
    • 6.6.2 South Africa
      • 6.6.2.1 South Africa Market, 2016 - 2027 (USD Billion)
    • 6.6.3 Saudi Arabia
      • 6.6.3.1 Saudi Arabia Market, 2016 - 2027 (USD Billion)

Chapter 7 Company Profiles

  • 7.1 Allscripts
    • 7.1.1 Company Overview
    • 7.1.2 Financial Performance
    • 7.1.3 Service Benchmarking
    • 7.1.4 Strategic Initiatives
  • 7.2 Cerner Corporation
    • 7.2.1 Company Overview
    • 7.2.2 Financial Performance
    • 7.2.3 Service Benchmarking
    • 7.2.4 Strategic Initiatives
  • 7.3 The Allure Group
    • 7.3.1 Company Overview
    • 7.3.2 Financial Performance
    • 7.3.3 Service Benchmarking
    • 7.3.4 Strategic Initiatives
  • 7.4 Integrated Medical Transport
    • 7.4.1 Company Overview
    • 7.4.2 Financial Performance
    • 7.4.3 Service Benchmarking
    • 7.4.4 Strategic Initiatives
  • 7.5 Sodexo
    • 7.5.1 Company Overview
    • 7.5.2 Financial Performance
    • 7.5.3 Service Benchmarking
    • 7.5.4 Strategic Initiatives
  • 7.6 Aramark Corporation
    • 7.6.1 Company Overview
    • 7.6.2 Financial Performance
    • 7.6.3 Service Benchmarking
    • 7.6.4 Strategic Initiatives
  • 7.7 LogistiCare Solutions, LLC
    • 7.7.1 Company Overview
    • 7.7.2 Financial Performance
    • 7.7.3 Service Benchmarking
    • 7.7.4 Strategic Initiatives
  • 7.8 Flatworld Solutions
    • 7.8.1 Company Overview
    • 7.8.2 Financial Performance
    • 7.8.3 Service Benchmarking
    • 7.8.4 Strategic Initiatives
  • 7.9 Alere, Inc
    • 7.9.1 Company Overview
    • 7.9.2 Financial Performance
    • 7.9.3 Service Benchmarking
    • 7.9.4 Strategic Initiatives
  • 7.10 ABM Industries Inc.
    • 7.10.1 Company Overview
    • 7.10.2 Financial Performance
    • 7.10.3 Service Benchmarking
    • 7.10.4 Strategic Initiatives

List of Tables

  • Table 1 List of secondary sources
  • Table 2 List of abbreviations
  • Table 3 Global Hospital Outsourcing Market, by Region, 2016 - 2027 (USD Billion)
  • Table 4 Global Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 5 Global Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 6 North America Hospital Outsourcing Market, by Country, 2016 - 2027 (USD Billion)
  • Table 7 North America Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 8 North America Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 9 U.S. Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 10 U.S. Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 11 Canada Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 12 Canada Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 13 Europe Hospital Outsourcing Market, by Country, 2016 - 2027 (USD Billion)
  • Table 14 Europe Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 15 Europe Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 16 U.K. Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 17 U.K. Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 18 Germany Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 19 Germany Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 20 France Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 21 France Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 22 Italy Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 23 Italy Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 24 Spain Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 25 Spain Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 26 Asia Pacific Hospital Outsourcing Market, by Country, 2016 - 2027 (USD Billion)
  • Table 27 Asia Pacific Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 28 Asia Pacific Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 29 Japan Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 30 Japan Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 31 China Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 32 China Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 33 India Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 34 India Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 35 Australia Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 36 Australia Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 37 South Korea Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 38 South Korea Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 39 Latin America Hospital Outsourcing Market, by Country, 2016 - 2027 (USD Billion)
  • Table 40 Latin America Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 41 Latin America Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 42 Brazil Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 43 Brazil Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 44 Argentina Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 45 Argentina Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 46 MEA Hospital Outsourcing Market, by Country, 2016 - 2027 (USD Billion)
  • Table 47 MEA Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 48 MEA Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 49 South Africa Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 50 South Africa Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)
  • Table 51 Saudi Arabia Hospital Outsourcing Market, by Service, 2016 - 2027 (USD Billion)
  • Table 52 Saudi Arabia Hospital Outsourcing Market, by Type, 2016 - 2027 (USD Billion)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Information procurement
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Commodity Flow Analysis
  • Fig. 9 Volume Price Analysis
  • Fig. 10 Hospital outsourcing market snapshot (2019)
  • Fig. 11 Hospital outsourcing market segmentation
  • Fig. 12 Parent market outlook
  • Fig. 13 Related/ancillary market outlook
  • Fig. 14 Penetration & growth prospect mapping
  • Fig. 15 Hospital outsourcing value chain analysis
  • Fig. 16 Market driver relevance analysis (Current & future impact)
  • Fig. 17 Market restraint relevance analysis (Current & future impact)
  • Fig. 18 Porter's five forces analysis
  • Fig. 19 SWOT analysis, by factor (political & legal, economic and technological)
  • Fig. 20 Hospital outsourcing market service outlook: Segment dashboard
  • Fig. 21 Hospital outsourcing market: Service movement analysis
  • Fig. 22 Healthcare IT market, 2016 - 2027 (USD Billion)
  • Fig. 23 Clinical services market, 2016 - 2027 (USD Billion)
  • Fig. 24 Business services market, 2016 - 2027 (USD Billion)
  • Fig. 25 Transportation services market, 2016 - 2027 (USD Billion)
  • Fig. 26 Others market, 2016 - 2027 (USD Billion)
  • Fig. 27 Hospital outsourcing market type outlook: Segment dashboard
  • Fig. 28 Hospital outsourcing market: Type movement analysis
  • Fig. 29 Public market, 2016 - 2027 (USD Billion)
  • Fig. 30 Private market, 2016 - 2027 (USD Billion)
  • Fig. 31 Regional market: Key takeaways
  • Fig. 32 Regional market share
  • Fig. 33 Regional outlook, 2019 & 2027
  • Fig. 34 North America market, 2016 - 2027 (USD Billion)
  • Fig. 35 U.S. market, 2016 - 2027 (USD Billion)
  • Fig. 36 Canada market, 2016 - 2027 (USD Billion)
  • Fig. 37 Europe market, 2016 - 2027 (USD Billion)
  • Fig. 38 U.K. market, 2016 - 2027 (USD Billion)
  • Fig. 39 Germany market, 2016 - 2027 (USD Billion)
  • Fig. 40 France market, 2016 - 2027 (USD Billion)
  • Fig. 41 Italy market, 2016 - 2027 (USD Billion)
  • Fig. 42 Spain market, 2016 - 2027 (USD Billion)
  • Fig. 43 Asia Pacific market, 2016 - 2027 (USD Billion)
  • Fig. 44 China market, 2016 - 2027 (USD Billion)
  • Fig. 45 India market, 2016 - 2027 (USD Billion)
  • Fig. 46 Japan market, 2016 - 2027 (USD Billion)
  • Fig. 47 South Korea market, 2016 - 2027 (USD Billion)
  • Fig. 48 Australia market, 2016 - 2027 (USD Billion)
  • Fig. 49 Latin America market, 2016 - 2027 (USD Billion)
  • Fig. 50 Brazil market, 2016 - 2027 (USD Billion)
  • Fig. 51 Argentina market, 2016 - 2027 (USD Billion)
  • Fig. 52 MEA market, 2016 - 2027 (USD Billion)
  • Fig. 53 South Africa market, 2016 - 2027 (USD Billion)
  • Fig. 54 Saudi Arabia market, 2016 - 2027 (USD Billion)