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Healthcare IT Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global healthcare IT outsourcing market size reached US$ 41.78 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 71.16 Billion by 2027, exhibiting a growth rate (CAGR) of 8.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Healthcare information technology (IT) outsourcing refers to the process of hiring external service providers to manage, regulate, and mechanize operations in medical organizations. It involves services, such as medical transcriptions, virtual assistants, healthcare coding and billing, insurance claim, and customer support. Healthcare IT is widely used by healthcare providers, biopharmaceutical industries, and clinical research organizations (CROs) to address issues and follow up claim processes. The solution helps increase accuracy and productivity, minimize errors and administrative costs, and enhance security and consumer engagement. It also provides access to trained professionals, improves patient care, ensures compliance, saves time, and protects patient data.

Healthcare IT Outsourcing Market Trends:

The increasing need to reduce healthcare costs across the globe is creating a positive outlook for the market. Healthcare IT outsourcing helps minimize costs and improve processes without sacrificing patient satisfaction within health systems. Additionally, the growing prevalence of chronic and lifestyle-based diseases and the increasing demand for safety and confidentiality of patient information is favoring the market growth. In line with this, the rising adoption of healthcare IT outsourcing to assist in revenue cycle management (RCM) due to the significant rise in operating costs of healthcare facilities and medical billing companies is acting as another growth-inducing factor. Apart from this, the integration of artificial intelligence (AI) and machine learning (ML) to analyze data, streamline supply delivery and disinfection, suggest outcomes, and provide timely risk scores and precise resource allocation, are providing an impetus to the market growth. Furthermore, the COVID-19 pandemic surged the employment of IT outsourcing in the healthcare industry to provide accurate patient information and link patient records, which is propelling the market growth. Other factors, including extensive research and development (R&D) activities, increasing patient-centric and value-based approaches in healthcare, the growing need to efficiently manage healthcare data, and rising governmental support, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare IT outsourcing market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and end user.

Breakup by Type:

  • Payers HCIT Outsourcing
    • Hospital Information System (HIS)
    • Laboratory Information System (LIS)
    • Radiology Information System (RIS)
    • Electronic Medical Records (EMR)
    • Others
  • Providers HCIT Outsourcing
    • Revenue Cycle Management (RCM) System
    • Healthcare Analytics
       

Breakup by End User:

  • Healthcare Provider System
  • Biopharmaceutical Industry
  • Clinical Research Organization
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Allscripts Healthcare Solutions Inc, Dell Technologies Inc., Infosys Limited, International Business Machines, Koninklijke Philips N.V., Optum Inc. (UnitedHealth Group Incorporated), Siemens Healthineers AG, Tata Consultancy Services, Wipro Limited and Xerox Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accenture plc, Allscripts Healthcare Solutions Inc, Dell Technologies Inc., Infosys Limited, International Business Machines, Koninklijke Philips N.V., Optum Inc. (UnitedHealth Group Incorporated), Siemens Healthineers AG, Tata Consultancy Services, Wipro Limited and Xerox Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global healthcare it outsourcing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global healthcare it outsourcing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global healthcare it outsourcing market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1 Overview
    4.2 Key Industry Trends
5    Global Healthcare IT Outsourcing Market
    5.1 Market Overview
    5.2 Market Performance
    5.3 Impact of COVID-19
    5.4 Market Forecast
6    Market Breakup by Type
    6.1 Payers HCIT Outsourcing
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Hospital Information System (HIS)
           6.1.2.2 Laboratory Information System (LIS)
           6.1.2.3 Radiology Information System (RIS)
           6.1.2.4 Electronic Medical Records (EMR)
           6.1.2.5 Others
        6.1.3 Market Forecast
    6.2 Providers HCIT Outsourcing
        6.2.1 Market Trends
        6.2.2 Key Segments
           6.2.2.1 Revenue Cycle Management (RCM) System
            6.2.2.2 Healthcare Analytics
        6.2.3 Market Forecast
7    Market Breakup by End User
    7.1    Healthcare Provider System
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Biopharmaceutical Industry
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Clinical Research Organization
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Accenture plc
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    Allscripts Healthcare Solutions Inc
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Dell Technologies Inc.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Infosys Limited
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    International Business Machines
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Koninklijke Philips N.V.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    Optum Inc. (UnitedHealth Group Incorporated)
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Siemens Healthineers AG
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    Tata Consultancy Services
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    Wipro Limited
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
        13.3.11    Xerox Corporation
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
           13.3.11.3 Financials
           13.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Healthcare IT Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Healthcare IT Outsourcing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Healthcare IT Outsourcing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Healthcare IT Outsourcing Market: Breakup by Type (in %), 2021
Figure 5: Global: Healthcare IT Outsourcing Market: Breakup by End User (in %), 2021
Figure 6: Global: Healthcare IT Outsourcing Market: Breakup by Region (in %), 2021
Figure 7: Global: Healthcare IT Outsourcing (Payers HCIT Outsourcing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Healthcare IT Outsourcing (Payers HCIT Outsourcing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Healthcare IT Outsourcing (Providers HCIT Outsourcing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Healthcare IT Outsourcing (Providers HCIT Outsourcing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Healthcare IT Outsourcing (Healthcare Provider System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Healthcare IT Outsourcing (Healthcare Provider System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Healthcare IT Outsourcing (Biopharmaceutical Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Healthcare IT Outsourcing (Biopharmaceutical Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Healthcare IT Outsourcing (Clinical Research Organization) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Healthcare IT Outsourcing (Clinical Research Organization) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Healthcare IT Outsourcing (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Healthcare IT Outsourcing (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Canada: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Canada: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Asia-Pacific: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Asia-Pacific: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: China: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: China: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Japan: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Japan: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: South Korea: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: South Korea: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Australia: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Australia: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Indonesia: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Indonesia: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Others: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Others: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Germany: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Germany: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: France: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: France: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: United Kingdom: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: United Kingdom: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Italy: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Italy: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Spain: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Spain: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Russia: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Russia: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Latin America: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Latin America: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Brazil: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Brazil: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Mexico: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Mexico: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Middle East and Africa: Healthcare IT Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Middle East and Africa: Healthcare IT Outsourcing Market: Breakup by Country (in %), 2021
Figure 67: Middle East and Africa: Healthcare IT Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Global: Healthcare IT Outsourcing Industry: SWOT Analysis
Figure 69: Global: Healthcare IT Outsourcing Industry: Value Chain Analysis
Figure 70: Global: Healthcare IT Outsourcing Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Healthcare IT Outsourcing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Healthcare IT Outsourcing Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Healthcare IT Outsourcing Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Healthcare IT Outsourcing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Healthcare IT Outsourcing Market: Competitive Structure
Table 6: Global: Healthcare IT Outsourcing Market: Key Players


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