Global Healthcare IT Outsourcing Market
17 Jul 2021
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
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IT Outsourcing refers to the process of hiring third party or external service providers for providing and delivering IT related services. The healthcare industry, overall, produces tremendous amount of information. Healthcare suppliers need to electronically track information and data related to therapeutic and medical records, electronic checking frameworks, billing and patient care. With a specific end goal to track and deal with this information through electronic systems, there is a requirement for solid technology infrastructure and gadgets, for example, desktops, servers, systems, networks and laptops. Because of the absence of required skills and IT area proficiency, keeping up and maintaining IT infrastructure and administrations is a testing errand for the healthcare industry. This has brought about an unprecedented demand for IT foundation outsourcing and IT administrations, which allow healthcare suppliers to concentrate on their center administration territories, thus curtailing costs and improving quality care.
The primary end users of the outsourced IT market for Healthcare are the Healthcare providers like hospitals and clinics and the secondary users are the patients and doctors who serve in the hospital. Other users include vendors of healthcare analytics, insurance providers for healthcare, venture capitalists and research firms. The major areas of technology used in Global Healthcare IT Outsourcing Market are database management, analytics and Artificial Intelligence.
The growing population and advancement in technology aid the growth of Healthcare IT Outsourcing industry. The lack of well-trained IT professionals within medical department is a major reason behind the demand in this industry. Some of the drivers of the industry are demand for better and secure IT facilities, lack of IT Infrastructure in-house, Government focus on IT in Healthcare, improving efficiency and reducing total net operational cost.
The market for Global Healthcare IT Outsourcing Market can be segmented based on three aspects: providers, application and end users. Based on providers, the market can be segmented into three segments: Healthcare analytics, Revenue cycle management system and Supply chain Management. Based on application, the market can be segmented into four segments: Laboratory Information System, Hospital Information System, Electronic Medical Records and Radiology Information System. Based on the end users, the market can be segmented into five segments: healthcare, biotechnology, pharmaceuticals, research and others.
The major regions of Healthcare IT Outsourcing Market are Europe, North America, South America and Asia Pacific. Among these regions, America is expected to dominate the market in the forecasted period.
The major opportunity for growth of the Healthcare IT Outsourcing Market lies in improvement of technology. Improvement in standardization of entering and storing data, implementing precision medicines and personalized medicines are some of the areas where growth opportunity lies.
The key players in the Global Healthcare IT Outsourcing Market are Accretive Health, Cognizant Technology Solutions, Accenture, Dell, Allscripts Healthcare Solutions, HCL Technologies, HP Company, IBM Corporation, Anthelio Healthcare Solutions, Infosys Limited, Epic System, TCS, McKesson Corporation, Xerox Corporation, Siemens Healthcare and Computer Sciences Corporation.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook