Healthcare IT Outsourcing Market Size, Share, Analysis Report

Healthcare IT Outsourcing Market Size by Application (Patient Tracking, Remote Monitoring, Telemetric Systems, Insurance, Medical Device Software), By End User (Pharmaceutical and Life Science Research, Hospital Information Systems), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The global Healthcare IT Outsourcing market is expected to grow upto US$ 72.70 Billion by 2028, at CAGR of about 8.05% during the forecast period.

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MARKET SNAPSHOT

Major Players

  • Xerox Corporation
  • Wipro Limited
  • Tata Consultancy Services Ltd
  • Siemens Healthcare
  • Mckesson Corporation
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    8.05%

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The global Healthcare IT Outsourcing market is expected to grow upto US$ 72.70 Billion by 2028, at CAGR of about 8.05% during the forecast period.

    Healthcare organizations around the world are fronting unparalleled challenges while confirming chronic healthcare management as the world is protected down due to the global outbreak of COVID-19. The current situation has improved the need for technologically advanced and IT-based healthcare systems that can support doctors treat their patients remotely. As a result, leading players in the global healthcare IT subcontracting market are growing their concentration on offering IT tools that can allow healthcare professionals to monitor health and progress of their patients digitally, while plummeting the cost also exposure of patients to life-threatening environments outside.

    The global Healthcare IT Outsourcing market is segregated on the basis of Application as Patient Tracking, Remote Monitoring, Telemetric Systems, Insurance, and Medical Device Software. Based on End User the global Healthcare IT Outsourcing market is segmented in Pharmaceutical and Life Science Research and Hospital Information Systems.

    The global Healthcare IT Outsourcing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Healthcare IT Outsourcing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Xerox Corporation, Wipro Limited, Tata Consultancy Services Ltd, Siemens Healthcare, Mckesson Corporation, Infosys Limited, IBM Corporation, Hewlett-Packard, HCL Technologies Ltd., Dell, Inc., and others are among the major players in the global Healthcare IT Outsourcing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Healthcare IT Outsourcing Market has been segmented as below:

    Healthcare IT Outsourcing Market, By Application

    • Patient Tracking
    • Remote Monitoring
    • Telemetric Systems
    • Insurance
    • Medical Device Software

    Healthcare IT Outsourcing Market, By End User

    • Pharmaceutical and Life Science Research
    • Hospital Information Systems

    Healthcare IT Outsourcing Market, By Region

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

    Healthcare IT Outsourcing Market, By Company

    • Xerox Corporation
    • Wipro Limited
    • Tata Consultancy Services Ltd
    • Siemens Healthcare
    • Mckesson Corporation
    • Infosys Limited
    •  IBM Corporation
    • Hewlett-Packard
    • HCL Technologies Ltd.
    • Dell, Inc.

    The report covers:

    • Global Healthcare IT Outsourcing market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Healthcare IT Outsourcing market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Healthcare IT Outsourcing market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Healthcare IT Outsourcing market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Healthcare IT Outsourcing market share. Major industry players with significant revenue share include Xerox Corporation, Wipro Limited, Tata Consultancy Services Ltd, Siemens Healthcare, Mckesson Corporation, Infosys Limited, IBM Corporation, Hewlett-Packard, HCL Technologies Ltd., Dell, Inc., and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Healthcare IT Outsourcing industry trends
    • Find complete analysis on the market status
    • Identify the Healthcare IT Outsourcing market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent developments in Healthcare IT Outsourcing Market are as follows:

    Allscripts Healthcare Solutions, Inc.

    • 05-2020: Allscripts U.K. client Gloucestershire Hospitals attains successful go-live with e-observations solution amidst COVID-19 pandemic.

    Cognizant Technology Solutions

    • 08-2015: Cognizant has declared that it has been standard as a Leader in the Everest Group IT Outsourcing in Life Sciences Industry Service Provider Landscape with PEAK Matrix Assessment 2015 report.

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    1. Introduction

        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology

        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview

        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Healthcare IT Outsourcing Market, By Application

        5.1 Introduction
        5.2 Patient Tracking
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Remote Monitoring
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Telemetric Systems
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast
        5.5 Insurance
            5.5.1 Market Overview
            5.5.2 Market Size and Forecast
        5.6 Medical Device Software
            5.6.1 Market Overview
            5.6.2 Market Size and Forecast

    6. Healthcare IT Outsourcing Market, By End User

        6.1 Introduction
        6.2 Pharmaceutical and Life Science Research
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Hospital Information Systems
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast

    7. Healthcare IT Outsourcing Market, By Geography

        7.1 Introduction
        7.2 North America
            7.2.1 North America Healthcare IT Outsourcing, By Application
            7.2.2 North America Healthcare IT Outsourcing, By End User
        7.3 Europe
            7.3.1 Europe Healthcare IT Outsourcing, By Application
            7.3.2 Europe Healthcare IT Outsourcing, By End User
        7.4 Asia-Pacific
            7.4.1 Asia-Pacific Healthcare IT Outsourcing, By Application
            7.4.2 Asia-Pacific Healthcare IT Outsourcing, By End User
        7.5 Rest of the World
            7.5.1 Rest of the World Healthcare IT Outsourcing, By Application
            7.5.2 Rest of the World Healthcare IT Outsourcing, By End User

    8. Competitive Insights

        8.1 Key Insights
        8.2 Company Market Share Analysis
        8.3 Strategic Outlook
            8.3.1 Mergers & Acquisitions
            8.3.2 New Product Development
            8.3.3 Portfolio/Production Capacity Expansions
            8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements 
            8.3.5 Others

    9. Company Profiles

        9.1 Xerox Corporation
            9.1.1 Company Overview
            9.1.2 Product/Service Landscape
            9.1.3 Financial Overview
            9.1.4 Recent Developments
        9.2 Wipro Limited
            9.2.1 Company Overview
            9.2.2 Product/Service Landscape
            9.2.3 Financial Overview
            9.2.4 Recent Developments
        9.3 Tata Consultancy Services Ltd
            9.3.1 Company Overview
            9.3.2 Product/Service Landscape
            9.3.3 Financial Overview
            9.3.4 Recent Developments
        9.4 Siemens Healthcare
            9.4.1 Company Overview
            9.4.2 Product/Service Landscape
            9.4.3 Financial Overview
            9.4.4 Recent Developments
        9.5 Mckesson Corporation
            9.5.1 Company Overview
            9.5.2 Product/Service Landscape
            9.5.3 Financial Overview
            9.5.4 Recent Developments
        9.6 Infosys Limited
            9.6.1 Company Overview
            9.6.2 Product/Service Landscape
            9.6.3 Financial Overview
            9.6.4 Recent Developments
        9.7  IBM Corporation
            9.7.1 Company Overview
            9.7.2 Product/Service Landscape
            9.7.3 Financial Overview
            9.7.4 Recent Developments
        9.8 Hewlett-Packard
            9.8.1 Company Overview
            9.8.2 Product/Service Landscape
            9.8.3 Financial Overview
            9.8.4 Recent Developments
        9.9 HCL Technologies Ltd.
            9.9.1 Company Overview
            9.9.2 Product/Service Landscape
            9.9.3 Financial Overview
            9.9.4 Recent Developments
        9.10 Dell, Inc.
            9.10.1 Company Overview
            9.10.2 Product/Service Landscape
            9.10.3 Financial Overview
            9.10.4 Recent Developments
        9.11 Cognizant Technology Solutions
            9.11.1 Company Overview
            9.11.2 Product/Service Landscape
            9.11.3 Financial Overview
            9.11.4 Recent Developments
        9.12 Anthelio Healthcare Solutions
            9.12.1 Company Overview
            9.12.2 Product/Service Landscape
            9.12.3 Financial Overview
            9.12.4 Recent Developments
        9.13 Allscripts Healthcare Solutions, Inc.
            9.13.1 Company Overview
            9.13.2 Product/Service Landscape
            9.13.3 Financial Overview
            9.13.4 Recent Developments
        9.14 Accretive Health, Inc.
            9.14.1 Company Overview
            9.14.2 Product/Service Landscape
            9.14.3 Financial Overview
            9.14.4 Recent Developments
        9.15 Accenture PLC
            9.15.1 Company Overview
            9.15.2 Product/Service Landscape
            9.15.3 Financial Overview
            9.15.4 Recent Developments

    The Healthcare IT Outsourcing Market has been segmented as below:

    Healthcare IT Outsourcing Market, By Application

    • Patient Tracking
    • Remote Monitoring
    • Telemetric Systems
    • Insurance
    • Medical Device Software

    Healthcare IT Outsourcing Market, By End User

    • Pharmaceutical and Life Science Research
    • Hospital Information Systems

    Healthcare IT Outsourcing Market, By Region

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

    Healthcare IT Outsourcing Market, By Company

    • Xerox Corporation
    • Wipro Limited
    • Tata Consultancy Services Ltd
    • Siemens Healthcare
    • Mckesson Corporation
    • Infosys Limited
    •  IBM Corporation
    • Hewlett-Packard
    • HCL Technologies Ltd.
    • Dell, Inc.

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    The market is expected to grow at a CAGR of 8.05% during the study period (2023-2028)
    The global Healthcare IT Outsourcing Market Expected to Exceed more than US$ 7260 Billion by 2028.
    The segment included in the Healthcare IT Outsourcing Market is Application, End User and Region.
    Some key players operating in the Healthcare IT Outsourcing Market include Xerox Corporation, Wipro Limited, Tata Consultancy Services Ltd, Siemens Healthcare, Mckesson Corporation
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