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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1236990
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1236990
Healthcare IT Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global healthcare IT outsourcing market size reached US$ 46.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 76.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.
Healthcare information technology (IT) outsourcing refers to the process of hiring external service providers to manage, regulate, and mechanize operations in medical organizations. It involves services, such as medical transcriptions, virtual assistants, healthcare coding and billing, insurance claim, and customer support. Healthcare IT is widely used by healthcare providers, biopharmaceutical industries, and clinical research organizations (CROs) to address issues and follow up claim processes. The solution helps increase accuracy and productivity, minimize errors and administrative costs, and enhance security and consumer engagement. It also provides access to trained professionals, improves patient care, ensures compliance, saves time, and protects patient data.
Healthcare IT Outsourcing Market Trends:
- The increasing need to reduce healthcare costs across the globe is creating a positive outlook for the market. Healthcare IT outsourcing helps minimize costs and improve processes without sacrificing patient satisfaction within health systems. Additionally, the growing prevalence of chronic and lifestyle-based diseases and the increasing demand for safety and confidentiality of patient information is favoring the market growth. In line with this, the rising adoption of healthcare IT outsourcing to assist in revenue cycle management (RCM) due to the significant rise in operating costs of healthcare facilities and medical billing companies is acting as another growth-inducing factor. Apart from this, the integration of artificial intelligence (AI) and machine learning (ML) to analyze data, streamline supply delivery and disinfection, suggest outcomes, and provide timely risk scores and precise resource allocation, are providing an impetus to the market growth. Furthermore, the COVID-19 pandemic surged the employment of IT outsourcing in the healthcare industry to provide accurate patient information and link patient records, which is propelling the market growth. Other factors, including extensive research and development (R&D) activities, increasing patient-centric and value-based approaches in healthcare, the growing need to efficiently manage healthcare data, and rising governmental support, are anticipated to drive the market growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare IT outsourcing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end user.
Breakup by Type:
- Payers HCIT Outsourcing
- Hospital Information System (HIS)
- Laboratory Information System (LIS)
- Radiology Information System (RIS)
- Electronic Medical Records (EMR)
- Others
- Providers HCIT Outsourcing
- Revenue Cycle Management (RCM) System
- Healthcare Analytics
Breakup by End User:
- Healthcare Provider System
- Biopharmaceutical Industry
- Clinical Research Organization
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Allscripts Healthcare Solutions Inc, Dell Technologies Inc., Infosys Limited, International Business Machines, Koninklijke Philips N.V., Optum Inc. (UnitedHealth Group Incorporated), Siemens Healthineers AG, Tata Consultancy Services, Wipro Limited and Xerox Corporation.
Key Questions Answered in This Report:
- 1. What was the size of the global healthcare IT outsourcing market in 2022?
- 2. What is the expected growth rate of the global healthcare IT outsourcing market during 2023-2028?
- 3. What are the key factors driving the global healthcare IT outsourcing market?
- 4. What has been the impact of COVID-19 on the global healthcare IT outsourcing market?
- 5. What is the breakup of the global healthcare IT outsourcing market based on the type?
- 6. What is the breakup of the global healthcare IT outsourcing market based on the end user?
- 7. What are the key regions in the global healthcare IT outsourcing market?
- 8. Who are the key players/companies in the global healthcare IT outsourcing market?
Product Code: SR1523A255_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Healthcare IT Outsourcing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Payers HCIT Outsourcing
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Hospital Information System (HIS)
- 6.1.2.2 Laboratory Information System (LIS)
- 6.1.2.3 Radiology Information System (RIS)
- 6.1.2.4 Electronic Medical Records (EMR)
- 6.1.2.5 Others
- 6.1.3 Market Forecast
- 6.2 Providers HCIT Outsourcing
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Revenue Cycle Management (RCM) System
- 6.2.2.2 Healthcare Analytics
- 6.2.3 Market Forecast
7 Market Breakup by End User
- 7.1 Healthcare Provider System
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Biopharmaceutical Industry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Clinical Research Organization
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Accenture plc
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 Allscripts Healthcare Solutions Inc
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Dell Technologies Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Infosys Limited
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 International Business Machines
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Koninklijke Philips N.V.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Optum Inc. (UnitedHealth Group Incorporated)
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Siemens Healthineers AG
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Tata Consultancy Services
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Wipro Limited
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 Xerox Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.1 Accenture plc
Product Code: SR1523A255_Report
List of Figures
- Figure 1: Global: Healthcare IT Outsourcing Market: Major Drivers and Challenges
- Figure 2: Global: Healthcare IT Outsourcing Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Healthcare IT Outsourcing Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Healthcare IT Outsourcing Market: Breakup by Type (in %), 2022
- Figure 5: Global: Healthcare IT Outsourcing Market: Breakup by End User (in %), 2022
- Figure 6: Global: Healthcare IT Outsourcing Market: Breakup by Region (in %), 2022
- Figure 7: Global: Healthcare IT Outsourcing (Payers HCIT Outsourcing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Healthcare IT Outsourcing (Payers HCIT Outsourcing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Healthcare IT Outsourcing (Providers HCIT Outsourcing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Healthcare IT Outsourcing (Providers HCIT Outsourcing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Healthcare IT Outsourcing (Healthcare Provider System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Healthcare IT Outsourcing (Healthcare Provider System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Healthcare IT Outsourcing (Biopharmaceutical Industry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Healthcare IT Outsourcing (Biopharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Healthcare IT Outsourcing (Clinical Research Organization) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Healthcare IT Outsourcing (Clinical Research Organization) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Healthcare IT Outsourcing (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Healthcare IT Outsourcing (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Healthcare IT Outsourcing Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Global: Healthcare IT Outsourcing Industry: SWOT Analysis
- Figure 69: Global: Healthcare IT Outsourcing Industry: Value Chain Analysis
- Figure 70: Global: Healthcare IT Outsourcing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Healthcare IT Outsourcing Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Healthcare IT Outsourcing Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Healthcare IT Outsourcing Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Healthcare IT Outsourcing Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Healthcare IT Outsourcing Market: Competitive Structure
- Table 6: Global: Healthcare IT Outsourcing Market: Key Players
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