Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for healthcare industry professionals · Friday, March 29, 2024 · 699,742,679 Articles · 3+ Million Readers

Healthcare IT Outsourcing Market - Growing Demand for Advanced Healthcare Facilities Propelling Growth, Says TMR

Global Healthcare IT Outsourcing Market to Touch US$61.2 Bn as Solutions Help Curb Expenditure on In-house Healthcare IT

Albany, New York, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Healthcare IT outsourcing is reflected as one of the key practices for cost-saving. Primarily, on the back of numerous government protocols and initiatives for fulfilling the need for cost-efficient and high-quality healthcare services the healthcare IT outsourcing market is witnessing growth. In the healthcare sector, third-party IT outsourcing is growing and emerging as a trend for reducing the cost of healthcare facilities in low cost. The solutions under the tag of healthcare IT outsourcing can assist in the lowering prices of the healthcare. The aforementioned factors are boosting growth of the global healthcare IT outsourcing market. In addition, growing patient-centric approach from numerous healthcare providers and hospitals is encouraging adoption of the healthcare IT outsourcing which is propelling growth of the global healthcare IT outsourcing market.

The healthcare IT outsourcing market is expected to attain value of US$61.2 bn by the end of forecast period from 2015 to 2023, the analysts from TMR predicts. Also, due to growing demand for hospitals, the administration is expected to attain value of US$21.5 bn by the end of forecast period to 2023.

Get a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9755      

Growing Investment in Healthcare for Availing Advance Healthcare Facilities to Propel Growth of Market

Growing initial investment in healthcare for improving infrastructure is driving growth of the global healthcare IT outsourcing market. Growing need for ensuring patient satisfaction, effectiveness of treatments, and reduced costs are augmenting demand for IT outsourcing in healthcare. However, some of the trust issues due to lack of confidentiality and data breach are hampering demand for healthcare IT outsourcing and growth of the market. Besides, working process of the service providers has restricted due to numerous limitation on standardizing IT platforms due to high fragmentation of the healthcare sector. Also, language barriers in case of medical tourism and cultural differences are some of the problems restraining growth of the market. Nonetheless, growing patient pool coupled with rising need for advanced healthcare facilities is expected to offer lucrative opportunities for growth over the forecast period. Adoption of IT outsourcing is higher due to a substantial rise in the need for data management, billing, and asset management.

Ask for a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9755    

North America to Witness Growth with Robust Growth Rate

Based on the region, the global healthcare IT outsourcing market is fragmented in to North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, North America accounted for dominating share of 40% in the market over the forecast period.

The North America is expected to attain value of US$21.2 bn by the end of 2023 by accounting leading share in the predicted years and expected to remain dominant over the forecast period due to high investment in the advancement of the healthcare from past decade. The market is expected to exhibit growth with a CAGR of 5.10% over the forecast period from 2015 to 2023. This growth is attributable to the numerous government initiatives for improving healthcare facilities from past few years. However, Asia Pacific is expanding with 10.50% over the forecast period.

Request a Custom Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=9755         

Intense Competition among Key Players to Increase Substantially

The key players operating in the healthcare IT outsourcing market are facing intense competition. Some of the key players in the market are IBM Corp., Wipro Ltd., Cognizant Technology Solutions, Tata Consultancy Services Ltd., and Accenture Plc. Growing research and development (R&D) activities for product innovation are leading to intensify competition over the forecast period. Additionally, the key players are increasingly taking part in the strategies such as partnership, mergers, and acquisitions. Also, the large players are getting benefit from the growing research activities for product advancements in order to achieve this; they are increasingly adopting the strategies such as tactical alliances with small or local firms.

View Report TOC - https://www.transparencymarketresearch.com/report-toc/9755  

Global healthcare IT outsourcing market has been segmented as presented below:

Global Healthcare IT Outsourcing Market by Application

  • Care Management
  • Administration
  • IT Infrastructure Management

Global Healthcare IT Outsourcing Market by End Use

  • Healthcare Payers
  • Healthcare Providers

Global Healthcare IT Outsourcing Market by Region

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • EU7
      • U.K.
      • Italy
      • Spain
      • France
      • Germany
      • Belgium
      • Netherlands
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
      • India
      • Pakistan
      • Bangladesh
      • Sri Lanka
    • Australasia
      • Australia
      • New Zealand
      • Guinea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

Browse More IT & Telecom Market Research Reports

Popular Research Reports by TMR:

About Us:
                                                               
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/

Transparency Market Research

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release