Healthcare IT Outsourcing Market Size, Share, Analysis Report

Healthcare IT Outsourcing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

The healthcare IT outsourcing market is expected to be around US$ 90 billion by 2028 at a CAGR of 7.6% in given forecast period.

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MARKET SNAPSHOT

Major Players

  • Accenture Plc
  • Accretive Health Inc
  • Allscripts Healthcare Solutions Inc
  • Anthelio Healthcare Solutions
  • Cognizant Technology Solutions
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    7

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Healthcare is biggest industry in all over world. The main function of healthcare is to analyze and treating patient. Outsourcing is new technology used in healthcare especially in area of ophthalmology, dental services, nuclear medicine, radiology and imaging. The healthcare IT outsourcing market has registered a major rise above the previous decade. The price effectiveness of this outsourcing explanation present to healthcare providers and healthcare payers will increase their acceptance across the world. The increasing need for an improved stage of IT junction by reduced expenses will not only enhanced productivity but also increase the patient satisfaction.

    The healthcare IT outsourcing market is expected to be around US$ 90 billion by 2028 at a CAGR of 7.6% in given forecast period.

    The major driving factors of healthcare IT outsourcing market are as follows:          

    • Lack of in-house IT professionals 
    • Responsible Care Organizations 
    • Reduction in operational price 
    • Growing need to integrate healthcare IT solutions 
    • Improved quality of care and clinical outcomes 

    The restraints factors of healthcare IT outsourcing market are as follows:

    • Split end-user market restrict growth of IT platforms 
    • Lack of privacy 
    • Increasing frequency of data contravene 
    • Cultural difference and language barrier

    The healthcare IT outsourcing market is segmented on the lines of its application and industry. Under application segmentation it covers provider HCIT outsourcing, payer HCIT outsourcing, life sciences HCIT outsourcing, operational HCIT outsourcing and IT infrastructure outsourcing. The provider HCIT outsourcing covers electronic health record, pharmacy information system, laboratory information management system and revenue cycle management system. Under payer HCIT outsourcing it contains customer relationship management system, claim processing system, billing system and fraud detection. Life sciences HCIT outsourcing segmentation covers clinical trial management system, clinical database management system, enterprise resource planning and R&D IT services. Operational HCIT outsourcing covers supply chain management and business process management. IT infrastructure outsourcing covers infrastructure management services and cloud computing. The healthcare IT outsourcing market is segmented on the lines of its industry like healthcare provider system, pharmaceutical, biotechnology, clinical research organization and health insurance. The healthcare IT outsourcing market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:

    1) An overview of the global market for  healthcare IT outsourcing and related technologies.

    2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.

    3) Identifications of new market opportunities and targeted promotional plans for  healthcare IT outsourcing

    4) Discussion of research and development, and the demand for new products and new applications.

    5) Comprehensive company profiles of major players in the industry. 

    REPORT SCOPE:

    The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Accenture Plc. (Ireland), Accretive Health, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Anthelio Healthcare Solutions (U.S.), Cognizant Technology Solutions (U.S.), Dell, Inc. (U.S.), HCL Technologies (India), Hewlett-Packard Company (U.S.), International Business Machines (IBM) Corporation (U.S.), Infosys Limited (India), McKesson Corporation (U.S.), Siemens Healthcare (Germany), Tata Consultancy Services Ltd. (India), Wipro Ltd. (India), Xerox Corporation (U.S.), Epic System (U.S.), and Computer Sciences Corporation (U.S.).. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments. 

    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players. 

    The Healthcare IT Outsourcing Market has been segmented as below:  

    By Application Analysis

    Provider HCIT Outsourcing Market :

    •       Electronic Health Record (EHR) 
    •       Pharmacy Information System (PRS) 
    •       Laboratory Information Management System (LIMS) 
    •       Revenue Cycle Management (RCM) System    

    Payer HCIT Outsourcing Market 

    •      Customer Relationship Management System 
    •      Claim Processing System 
    •      Billing System 
    •      Fraud Detection      

     Life Sciences HCIT Outsourcing Market 

    •        Clinical Trial Management System (CTMS) 
    •        Clinical Database Management System (CDMS) 
    •        Enterprise Resource Planning (ERP) 
    •        R&D IT Services       

    Operational HCIT Outsourcing Market 

    •        Supply Chain Management (SCM) 
    •        Business Process Management       

    IT Infrastructure Outsourcing Market 

    •        Infrastruture Management Services 
    •        Cloud Computing       

    By Industry Analysis

    •    Healthcare Provider System 
    •    Pharmaceutical 
    •    Biotechnology 
    •    Clinical Research Organization (CRO) 
    •    Health Insurance  

    By Regional Analysis

    •     North America
    •     Europe
    •     Asia-Pacific
    •     Rest of the World

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all active and planned coating industry globally.

    2) Identify growth segments and opportunities in the industry.

    3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.

    4) Assess your competitor’s refining portfolio and its evolution. 

    Customization:

    We can offer you custom research reports as per client’s special requirements.

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    1 INTRODUCTION    
        1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Executive Summary

    3 Market Dynamics
      3.1 Introduction
      3.2 Process Model
      3.3 Market Segmentation
      3.4 Market Dynamics
          3.4.1 Drivers
                3.4.1.1 Healthcare IT Outsourcing Is A Viable Solution To Curtail Healthcare Costs In Each Region
                3.4.1.2 Shortage Of In-House It Professionals
                3.4.1.3 Requirement To Meet The Criteria Of “Meaningful Use” To Receive Incentives By The Federal Government
                3.4.1.4 The U.S. Healthcare Mandates Propel The Healthcare IT Outsourcing Market
                3.4.1.5 Accountable Care Organizations
                3.4.1.6 Reduction In Operational Costs
                3.4.1.7 Growing Need To Integrate Healthcare It Solutions
                3.4.1.8 Improved Quality Of Care And Clinical Outcomes
          3.4.2 Restraints
                3.4.2.1 Fragmented End-User Market Restricts Development Of Standard It Platforms
                3.4.2.2 Rising Incidences Of Data Breach And Loss Of Confidentiality
                3.4.2.3 Cultural Differences And Language Barriers
          3.4.3 Opportunities
                3.4.3.1 Consolidating The Healthcare System And The Role Of Software Architecture Oriented Programs
                3.4.3.2 Growing Concerns For Data Security Offers Opportunities For Outsourcing Private Cloud Computing Models
                3.4.3.3 Emerging Markets Offer A Huge Potential For IT Outsourcing
                3.4.3.4 ICD-10 Conversion System
                3.4.3.5 Shifting Focus Towards Patient-Centric Systems
                3.4.3.6 Growing Medical Tourism In India, Singapore, China And Thailand Offers Opportunities For Healthcare IT Outsourcing

    4 Global Healthcare IT Outsourcing Market, By Application
      4.1 Introduction
      4.2 Provider HCIT Outsourcing Market
          4.2.1 Electronic Health Record (EHR)
          4.2.2 Pharmacy Information System (PRS)
          4.2.3 Laboratory Information Management System (LIMS)
          4.2.4 Revenue Cycle Management (RCM) System
          4.2.5 Others
      4.3 Payer HCIT Outsourcing Market
          4.3.1 Customer Relationship Management System
          4.3.2 Claim Processing System
          4.3.3 Billing System
          4.3.4 Fraud Detection
          4.3.5 Others
      4.4 Life Sciences HCIT Outsourcing Market
          4.4.1 Clinical Trial Management System (CTMS)
          4.4.2 Clinical Database Management System (CDMS)
          4.4.3 Enterprise Resource Planning (ERP)
          4.4.4 R&D IT Services
          4.4.5 Others
      4.5 Operational HCIT Outsourcing Market
          4.5.1 Supply Chain Management (SCM)
          4.5.2 Business Process Management
          4.5.3 Others
      4.6 IT Infrastructure Outsourcing Market
          4.6.1 Infrastruture Management Services
          4.6.2 Cloud Computing
          4.6.3 Others

    5 HCIT Outsourcing Market By Industry
      5.1 Introduction 126
      5.2 Healthcare Provider System
      5.3 Pharmaceutical
      5.4 Biotechnology
      5.5 Clinical Research Organization (CRO)
      5.6 Health Insurance
      5.7 Others

    6 Geographic Analysis
      6.1 Introduction
      6.2 North America
          6.2.1 Healthcare IT Outsourcing: Strategic Solution To Curtail Healthcare Costs In The U.S. And Canada
          6.2.2 Regulatory Mandates By Patient Protection And Affordable Care Act Stimulates The Market
          6.2.3 Hospital Readmissions Reduction Program (HRRP) Offers Opportunities To The HCIT Outsourcing Market
          6.2.4 Growth In Aging Population Stimulates The Market
      6.3 Europe
          6.3.1 Healthcare IT Outsourcing Supports European Government Initiatives Such As E-Health To Achieve Its Target
      6.4 Asia-Pacific
          6.4.1 New Outline By Japan’s Information And Communication Technology Stimulates The Market
          6.4.2 Growth In Medical Tourism And Presence Of Skilled IT Professionals At Low Costs In India And China Drives The Healthcare IT Outsourcing Market
          6.4.3 Increased Clinical Trial Activities In India, China, And Singapore Propel The Healthcare IT Outsourcing Market
          6.4.4 South Korea: Rapid Transformation From Telemedicine To U-Health Offers Opportunities To The Market
      6.5 Rest Of The World (ROW)
          6.5.1 Saudi Arabia: HCIT Outsourcing Supports Strategic Framework Designed For The E-Health Program
          6.5.2 Brazil: Healthcare IT Outsourcing Supports Government Initiatives Such As Ti Maior, Prosoft, And Lei Da Informatica And Renuncia Fiscal

    7 Competitive Landscape
      7.1 Introduction
      7.2 Agreements, Contract Extensions, Partnerships, And Collaborations
      7.3 New Product Launch
      7.4 Acquisitions
      7.5 Expansions

    8 Company Profiles Overview, Products And Services, Financials, Strategy & Development
      8.1 Accenture PLC
      8.2 Accretive Health, Inc.
      8.3 Allscripts Healthcare Solutions, Inc.
      8.4 Anthelio Healthcare Solutions
      8.5 Cognizant Technology Solutions
      8.6 Dell, Inc.
      8.7 HCL Technologies Ltd.
      8.8 Hewlett-Packard
      8.9 IBM Corporation
      8.10 Infosys Limited
      8.11 Mckesson Corporation
      8.12 Siemens Healthcare (Subsidiary Of Siemens AG)
      8.13 Tata Consultancy Services Ltd
      8.14 Wipro Limited
      8.15 Xerox Corporation

    The Healthcare IT Outsourcing Market has been segmented as below:  

    By Application Analysis

    Provider HCIT Outsourcing Market :

    •       Electronic Health Record (EHR) 
    •       Pharmacy Information System (PRS) 
    •       Laboratory Information Management System (LIMS) 
    •       Revenue Cycle Management (RCM) System    

    Payer HCIT Outsourcing Market 

    •      Customer Relationship Management System 
    •      Claim Processing System 
    •      Billing System 
    •      Fraud Detection      

     Life Sciences HCIT Outsourcing Market 

    •        Clinical Trial Management System (CTMS) 
    •        Clinical Database Management System (CDMS) 
    •        Enterprise Resource Planning (ERP) 
    •        R&D IT Services       

    Operational HCIT Outsourcing Market 

    •        Supply Chain Management (SCM) 
    •        Business Process Management       

    IT Infrastructure Outsourcing Market 

    •        Infrastruture Management Services 
    •        Cloud Computing       

    By Industry Analysis

    •    Healthcare Provider System 
    •    Pharmaceutical 
    •    Biotechnology 
    •    Clinical Research Organization (CRO) 
    •    Health Insurance  

    By Regional Analysis

    •     North America
    •     Europe
    •     Asia-Pacific
    •     Rest of the World

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    The market is expected to grow at a CAGR of 7.6% during the study period (2023-2028)
    The healthcare IT outsourcing market is expected to be around US$ 90 billion by 2028
    The segment included in the healthcare IT outsourcing market is Application, HCIT Outsourcing, Industry, Company and region.
    Some key players operating in the healthcare IT outsourcing market include Accenture Plc. (Ireland), Accretive Health, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Anthelio Healthcare Solutions (U.S.), Cognizant Technology Solutions (U.S.), Dell, Inc. (U.S.)
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