Global Healthcare IT Outsourcing Market
The Global Healthcare IT Outsourcing Market was valued at USD 58,530 million in 2021 which expected to reach at USD 98,789 million by 2027 at a CAGR 8.62% from 2022-2027.
Healthcare IT is the use of IT (Information Technology) solutions within healthcare systems & organizations. Healthcare IT outsourcing is defined as the process of hiring an external technology partner to fulfil organization's IT needs & accelerate the project delivery. The outsourcing of IT solutions in healthcare sector has been developed as an effective solution to the moderate rising cost of healthcare centers & to reach the increasing demand for quality care during the forecast period.
Market Drivers
The rise in digitalization of healthcare, growing adoption of healthcare IT solutions will positively influence the market growth. Also, government mandates & support for healthcare IT solutions & outbreak of COVID-19 (global pandemic) are some major factors expected to aid in the growth of the global healthcare IT outsourcing market over the forecast period.
Moreover, in July 2021 Philips & Cognizant teamed up to develop end-to-end digital health solutions that will enable healthcare organizations & life sciences companies across the globe to improve patient care & accelerate clinical trials.
For instance, In September 2021, the European Union, 4 UN organizations (WHO, UNFPA, UNICEF, UNOPS), and the Ministry of IDPs from the Occupied Territories, Labour, Health & Social Affairs of Georgia launched new initiative on digital health: Minimizing the impact of the COVID-19 pandemic in Georgia through telemedicine and digital health solutions.
Market Restraints
Lack of standard platform is expected to hinder growth of the global healthcare IT outsourcing market. Healthcare interoperability refers to timely & secure access, integration & use of electronic health data so that it can be used to optimize health outcomes for individuals. The available healthcare IT system lacks efficient interoperability, which makes it difficult for single provider to access information that was originally documented by another.
Market Segmentation
The Global Healthcare IT Outsourcing Market is segmented into application such as Payer Outsourcing (Hospital Information System, Laboratory Information System, Radiology Information System, Electronic Medical Records, and Other Types), and Providers Outsourcing (Revenue Cycle Management System and Healthcare Analytics). By end User, market is segmented into Healthcare, Pharmaceutical & Biotechnology, and Others.
Key Players
Siemens Healthineers, Infosys Limited, Dell Technologies Inc., Oracle Corporation, Philips Healthcare, Accenture, Cerner, Mckesson Corporation, International Business Machines Corporation (IBM), Tata Consultancy Services (TCS), etc.
Market Taxonomy
By Application
By End User
By Region
Global Healthcare IT Outsourcing Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Healthcare IT Outsourcing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Healthcare IT Outsourcing Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Healthcare IT Outsourcing Market Share Analysis, By Application
5.3 Global Healthcare IT Outsourcing Market Size and Forecast, By Application
5.3.1 Payer Outsourcing
o Hospital Information System
o Laboratory Information System
o Radiology Information System
o Electronic Medical Records
o Other Types
5.3.2. Providers Outsourcing
o Revenue Cycle Management System
o Healthcare Analytics
6 Global Healthcare IT Outsourcing Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Healthcare IT Outsourcing Market Share Analysis, By End User
6.3 Global Healthcare IT Outsourcing Market Size and Forecast, By End User
6.3.1 Healthcare
6.3.2. Pharmaceutical & Biotechnology
6.3.3. Others
7 Global Healthcare IT Outsourcing Market, By Region
7.1 Global Healthcare IT Outsourcing Market Share Analysis, By Region
7.2 Global Healthcare IT Outsourcing Market Share Analysis, By Region
7.3 Global Healthcare IT Outsourcing Market Size and Forecast, By Region
8 North America Healthcare IT Outsourcing Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Healthcare IT Outsourcing Market Share Analysis, By Application
8.3 North America Healthcare IT Outsourcing Market Size and Forecast, By End User
8.5 North America Healthcare IT Outsourcing Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Healthcare IT Outsourcing Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Healthcare IT Outsourcing Market Share Analysis, By Application
9.3 Europe Healthcare IT Outsourcing Market Size and Forecast, By End User
9.5 Europe Healthcare IT Outsourcing Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Healthcare IT Outsourcing Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Healthcare IT Outsourcing Market Share Analysis, By Application
10.3 Asia Pacific Healthcare IT Outsourcing Market Size and Forecast, By End User
10.5 Asia Pacific Healthcare IT Outsourcing Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Healthcare IT Outsourcing Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Healthcare IT Outsourcing Market Share Analysis, By Application
11.3 Latin America Healthcare IT Outsourcing Market Size and Forecast, By End User
11.5 Latin America Healthcare IT Outsourcing Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Healthcare IT Outsourcing Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Healthcare IT Outsourcing Market Share Analysis, By Application
12.3 Middle East Healthcare IT Outsourcing Market Size and Forecast, By End User
12.5 Middle East Healthcare IT Outsourcing Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Siemens Healthineers
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Infosys Limited
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Dell Technologies Inc
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Oracle Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Philips Healthcare
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Accenture
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Cerner
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Mckesson Corporation
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 International Business Machines Corporation (IBM)
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Tata Consultancy Services (TCS)
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
