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Healthcare IT Outsourcing Market by Type (Electronic Health Record (EHR), Payer HCIT Outsourcing Market, Operational HCIT Outsourcing Market, Life Sciences HCIT Outsourcing Market, and IT Infrastructure Outsourcing Market) and by Industry (Healthcare Provider System, Health Insurance, Biotechnology, Pharmaceutical, Clinical Research Organization (CRO), and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Published Date: 07-Aug-2018 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-2630 Status : Published

Global healthcare IT outsourcing market expected to generate revenue of around USD 73.1 billion by end of 2024, growing at a CAGR of around 6.5% between 2018 and 2024. Healthcare IT outsourcing market is mainly driven by its prominent characteristics which include enhanced productivity and reduced cost which has increased consumer satisfaction.

Description

The report covers forecast and analysis for the healthcare IT outsourcing market on a global and regional level. The study provides historical data from 2015, 2016 and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the healthcare IT outsourcing market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the healthcare IT outsourcing market on a global as well as regional level.

In order to give the users of this report a comprehensive view of the healthcare IT outsourcing market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the application and industry segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Healthcare IT Outsourcing Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the market on the global and regional basis.

The study provides a decisive view of the healthcare IT outsourcing market by segmenting the market based on application and industry and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024.

The healthcare IT outsourcing market is segmented on the basis of application as, electronic health record (EHR), payer HCIT outsourcing market, operational HCIT outsourcing market, life sciences HCIT outsourcing market and IT infrastructure outsourcing market. By application segment, electronic health record (EHR) is estimated to cover prominent market value share as it provides a significant platform to store data of large patient pool and also allow the access of data through different interfaces in real time which make it convenient for doctors to keep track of patient’s health.

Based on industry, healthcare IT consulting is segmented as a healthcare provider system, health insurance, biotechnology, pharmaceutical, clinical research organization (CRO), and others. By industry segment, healthcare provider system is covering the large market value share, attributed to the facts of growing inclination towards patient-centric solutions, stringent rules and regulations by the government and ruling authorities regarding healthcare solutions along with the integration of the hospital to provide more prominent services to the patient base.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further classified into major countries including the U.S., Canada, Germany, France, the UK, China, Japan, India, and Brazil. This segmentation includes demand for healthcare IT outsourcing based on individual segment and applications in all the regions and countries.

The report also includes detailed profiles of end players such as Cognizant Technology Solutions, Anthelio Healthcare Solutions, Allscripts Healthcare Solutions, Inc., Accretive Health, Inc., Accenture Plc., McKesson Corporation, Infosys Limited, International Business Machines (IBM) Corporation, Hewlett-Packard Company, HCL Technologies, Dell, Inc., Computer Sciences Corporation, Epic System, Xerox Corporation, Siemens Healthcare, and others.

This report segments the global healthcare IT outsourcing market as follows:

Global Healthcare IT Outsourcing Market: By Application

  • Electronic Health Record (EHR)
    • Pharmacy Information System (PRS) 
    • Revenue Cycle Management (RCM) System 
    • Laboratory Information Management System (LIMS)
    • Others
  • Payer HCIT Outsourcing Market 
    • Customer Relationship Management System 
    • Billing System
    • Claim Processing System
    • Fraud Detection
    • Others 
  • Operational HCIT Outsourcing Market 
    • Supply Chain Management (SCM) 
    • Business Process Management 
    • Others 
  • Life Sciences HCIT Outsourcing Market
    • Clinical Database Management System (CDMS) 
    • Enterprise Resource Planning (ERP)
    • Clinical Trial Management System (CTMS)
    • R&D IT Services
    • Others  
  • IT Infrastructure Outsourcing Market
    • Cloud Computing
    • Infrastructure Management Services
    • Others 

Global Healthcare IT Outsourcing Market: By Industry

  • Healthcare Provider System 
  •  Health Insurance
  • Biotechnology
  • Pharmaceutical 
  • Clinical Research Organization (CRO)
  • Others

Global Healthcare IT Outsourcing Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global healthcare IT outsourcing market, 2015 - 2024 (USD Billion)
    • 2.2. Global healthcare IT outsourcing market: Snapshot
  •  
  • Chapter 3. Global Healthcare IT Outsourcing- Market Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global healthcare IT outsourcing market drivers: Impact analysis
      • 3.2.2. Provides prominent platform for the integration of solutions to the healthcare industry
      • 3.2.3. Allows to curtail the cost of healthcare
      • 3.2.4. Healthcare IT outsourcing reduces the cost of operation
      • 3.2.5. Improves the quality of healthcare services
    • 3.3. Market Restraints
      • 3.3.1. Global healthcare IT outsourcing market restraints: Impact analysis
      • 3.3.2. Lack of skilled professionals for healthcare IT outsourcing
      • 3.3.3. Increasing cases of loss of authenticity and data breach
    • 3.4. Opportunities
      • 3.4.1. Increasing inclinations towards patient-centric solutions
      • 3.4.2. Growing healthcare industry offers huge potential for healthcare IT outsourcing
      • 3.4.3. Increasing concern about the data security
    • 3.5. Porter’s five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by application
      • 3.6.2. Market attractiveness analysis, by end Use
  •  
  • Chapter 4. Global Healthcare IT Outsourcing Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global healthcare IT outsourcing market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Regional Expansion
  •  
  • Chapter 5. Global Healthcare IT Outsourcing Market - Application Segment Analysis
    • 5.1. Global healthcare IT outsourcing market: application overview
      • 5.1.1. Global healthcare IT outsourcing market revenue share, by application, 2018 and 2024
    • 5.2. Electronic Health Record (EHR)
      • 5.2.1. Global healthcare IT outsourcing market for electronic health record (EHR), 2015 - 2024 (USD Billion)
    • 5.3. Payer HCIT Outsourcing Market
      • 5.3.1. Global healthcare IT outsourcing market for payer HCIT outsourcing market , 2015 - 2024 (USD Billion)
    • 5.4. Operational HCIT Outsourcing Market
      • 5.4.1. The global healthcare IT outsourcing market for operational HCIT Outsourcing Market, 2015 - 2024 (USD Billion)
    • 5.5. Life Sciences HCIT Outsourcing Market
      • 5.5.1. Global healthcare IT outsourcing market for life science HCIT Outsourcing Market, 2015 - 2024 (USD Billion)
    • 5.6. IT Infrastructure Outsourcing Market
      • 5.6.1. Global healthcare IT outsourcing market for IT infrastructure outsourcing market , 2015 - 2024 (USD Billion)
      • 5.6.2. for production live support, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Healthcare IT Outsourcing Market - Industry Segment Analysis
    • 6.1. Global healthcare IT outsourcing market: Industry overview
      • 6.1.1. Global healthcare IT outsourcing market revenue share, by industry, 2018 and 2024
    • 6.2. Healthcare Provider System
      • 6.2.1. Global healthcare IT outsourcing market for healthcare provider system , 2015 - 2024 (USD Billion)
    • 6.3. Health Insurance
      • 6.3.1. Global healthcare IT outsourcing market for health insurance , 2015 - 2024 (USD Billion)
    • 6.4. Biotechnology
      • 6.4.1. Global healthcare IT outsourcing market for Biotechnology, 2015 - 2024 (USD Billion)
    • 6.5. Pharmaceutical
      • 6.5.1. Global healthcare IT outsourcing market for Pharmaceutical, 2015 - 2024 (USD Billion)
    • 6.6. Clinical Research Organization (CRO)
      • 6.6.1. Global healthcare IT outsourcing market for Clinical Research Organization (CRO) , 2015 - 2024 (USD Billion)
    • 6.7. Others
      • 6.7.1. Global healthcare IT outsourcing market for others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Healthcare IT Outsourcing Market - Regional Segment Analysis
    • 7.1. Global healthcare IT outsourcing market: regional overview
      • 7.1.1. Global healthcare IT outsourcing market revenue share, by region, 2018 and 2024
      • 7.1.2. North America
        • 7.1.2.1. North America healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.1.2.2. North America healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.1.3. The U.S.
        • 7.1.3.1. The U.S. healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.1.3.2. The U.S. healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.1.4. Canada
        • 7.1.4.1. Canada healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.1.4.2. Canada healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
    • 7.2. Europe
      • 7.2.1. Europe healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
      • 7.2.2. Europe healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.2.3. U.K.
        • 7.2.3.1. U.K. healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.2.3.2. U.K. healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.2.4. Germany
        • 7.2.4.1. Germany healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.2.4.2. Germany healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.2.5. France
        • 7.2.5.1. France healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.2.5.2. France healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.2.6. Rest of Europe
        • 7.2.6.1. Rest of Europe healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.2.6.2. Rest of Europe healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
    • 7.3. Asia Pacific
      • 7.3.1. Asia Pacific healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
      • 7.3.2. Asia Pacific healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.3.3. China
        • 7.3.3.1. China healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.3.3.2. China healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.3.4. Japan
        • 7.3.4.1. Japan healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.3.4.2. Japan healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.3.5. India
        • 7.3.5.1. India healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.3.5.2. India healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.3.6. Rest of Asia Pacific
        • 7.3.6.1. Rest of Asia Pacific healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.3.6.2. Rest of Asia Pacific healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
    • 7.4. Latin America
      • 7.4.1. Latin America healthcare IT outsourcing market revenue, by application, 2015 - 2024(USD Billion)
      • 7.4.2. Latin America healthcare IT outsourcing market revenue, by industry, 2015 - 2024(USD Billion)
      • 7.4.3. Brazil
        • 7.4.3.1. Brazil healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.4.3.2. Brazil healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
      • 7.4.4. Rest of Latin America
        • 7.4.4.1. Rest of Latin America healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
        • 7.4.4.2. Rest of Latin America healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
    • 7.5. The Middle East and Africa
      • 7.5.1. The Middle East and Africa healthcare IT outsourcing market revenue, by application, 2015 - 2024 (USD Billion)
      • 7.5.2. The Middle East and Africa healthcare IT outsourcing market revenue, by industry, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Cognizant Technology Solutions
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Anthelio Healthcare Solutions
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Allscripts Healthcare Solutions, Inc.
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Accretive Health, Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Accenture Plc
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. McKesson Corporation
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Infosys Limited
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. International Business Machines (IBM) Corporation
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Hewlett-Packard Company
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. HCL Technologies
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Dell, Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Computer Sciences Corporation
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments
    • 8.13. Epic System
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product portfolio
      • 8.13.4. Business strategy
      • 8.13.5. Recent developments
    • 8.14. Xerox Corporation
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product portfolio
      • 8.14.4. Business strategy
      • 8.14.5. Recent developments
    • 8.15. Tata Consultancy Services Ltd.
      • 8.15.1. Overview
      • 8.15.2. Financials
      • 8.15.3. Product portfolio
      • 8.15.4. Business strategy
      • 8.15.5. Recent developments
    • 8.16. Siemens Healthcare
      • 8.16.1. Overview
      • 8.16.2. Financials
      • 8.16.3. Product portfolio
      • 8.16.4. Business strategy
      • 8.16.5. Recent developments

Methodology

Free Analysis

Healthcare IT outsourcing market provides a consumer with the resources which allow access to the wide variety of industry data along with the consulting services on rapidly changing regulations, technology, analytics software, programs, and many more. Moreover, providers are focusing on providing customized services to their consumer to ensure proper management and integration of data along with securing the data from any kind of cyber attack. Healthcare IT outsourcing market is providing a strong platform for the better and faster collaboration among the wide range of healthcare providers and patients. Moreover, healthcare IT outsourcing market is estimated to provide effective, efficient, error-free, and affordable healthcare services which, in turn, will prove beneficial for both the healthcare provider and consumer.    

As per the World Health Organization, cardiovascular diseases are one of the main causes of death worldwide. About 17.5 million people died because of cardiovascular disease in 2015 representing 31% of all global deaths. Additionally, as per the World Health Organization estimates, worldwide, there were 14 million new cancer cases in 2012 and 8.8 million deaths resulted due to cancer in 2015. Globally, approximately 1 out of 6 deaths is caused due to cancer. Also, the global burden of these disorders is increasing further owing to the increasing geriatric population base across the world. According to the World Health Organization, the population of people aged 60 and above is projected to be twice by 2050 growing from 960 million globally in 2017 to 2.1 billion in 2050. Thus, healthcare IT outsourcing market has vast potential in terms of large patient pool and upsurge need for significant prominent data management platform which allow access to data from various platforms in real time. This is estimated to drive healthcare IT outsourcing market services over the estimated period.

Global Healthcare IT Outsourcing Market

The healthcare IT outsourcing market is segmented on the basis of application as, electronic health record (EHR), payer HCIT outsourcing market, operational HCIT outsourcing market, life sciences HCIT outsourcing market, and IT infrastructure outsourcing market. By application segment, electronic health record (EHR) is estimated to cover a prominent market value share as it provides a significant platform to store data of large patient pool and also allows the access of data through different interfaces in real time which makes it convenient for doctors to keep track of patient’s health. 

Based on industry, healthcare IT outsourcing market is segmented into healthcare provider system, health insurance, biotechnology, pharmaceutical, clinical research organization (CRO), and others. By industry segment, healthcare provider system is covering the large market value share, attributed to the facts of increasing stringent rules and regulations by the government and ruling authorities regarding healthcare solutions, integration of the hospital to provide more prominent services to the patient base along with the growing inclination towards patient-centric solutions.

North America is anticipated to be the dominant region in the healthcare IT outsourcing market over the forecast period. Favorable government policies supporting the invasion of new and advanced services, development in the healthcare infrastructure, and research grant by the government and ruling authorities are expected to propel the growth of the market in this region. Europe is the second largest market followed by the Asia Pacific. Large healthcare industry due to the large population base in the Asia Pacific region, especially in India, China, and Japan is the significant accelerating factor for the growth of the healthcare IT outsourcing market in this region. Therefore, Asia Pacific is anticipated to show the fastest CAGR growth during the forecast period, whereas Latin America market is estimated to grow at a slow to moderate rate during the forecast period. The Middle East and Africa are also expected to cover prominent market value share in the healthcare IT outsourcing market.

Some of the key players in healthcare IT outsourcing market include Cognizant Technology Solutions, Anthelio Healthcare Solutions, Allscripts Healthcare Solutions, Inc., Accretive Health, Inc., Accenture Plc., McKesson Corporation, Infosys Limited, International Business Machines (IBM) Corporation, Hewlett-Packard Company, HCL Technologies, Dell, Inc., Computer Sciences Corporation, Epic System, Xerox Corporation, Siemens Healthcare, and others.
 

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