Hospital Outsourcing Market By Hospital Size (Small & Medium Hospitals and Large Hospitals), By Service Type (Information Technology Services, Facility Management and Security Services, Clinical Services, Revenue Management Services, Insurance Verification Services, Marketing Services, Transportation Services, Recruitment Services, Catering and Cafeteria Services, Business and Administration Services, Others), By Hospital Type (Public Hospitals and Private Hospitals), By End-User (Clinics, Nursing Homes and Assisted Living, General Medical and Surgical Hospitals, Specialty Hospitals, Emergency and Other Outpatient Care Centres, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 16-Feb-2021 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-5825 Status : Published

The hospital outsourcing market is set for rapid growth over the forecast period. In terms of revenue, the global hospital outsourcing market accounted for USD 267.81 Million in 2019 and is expected to reach USD 661.68 Million by 2026, growing at a CAGR of 10.78%.

Description

The hospital outsourcing market is set for rapid growth over the forecast period. In terms of revenue, the global hospital outsourcing market accounted for USD 267.81 Million in 2019 and is expected to reach USD 661.68 Million by 2026, growing at a CAGR of 10.78%.

Global Hospital Outsourcing Market: Overview

Hospital outsourcing is a business practice where the medical organization hires any third-party providers outside the company to perform the tasks and services of the hospitals. Such outsourcing practices help in cost savings and efficiency gains to a greater competitive advantage. The third-party providers are specialized in the specific operations and may provide service more efficiently and less expensively than the healthcare organization. It also helps the staff in focusing on their main tasks and future strategy. Outsourcing hospitals tend to make the enterprise more resilient and versatile and can respond to evolving business demands and challenges while delivering cost savings and changes in the quality of service.

Hospital Outsourcing Market

Global Hospital Outsourcing Market: Growth Factors

The foremost factor that propels the growth of the global hospital outsourcing market is the growing popularity of outsourcing by several organizations for controlling the rising costs of providing services along with its diverse services such as research or manufacturing, for providing a better quality of healthcare facilities. It also helps in lowering administrative costs, along with other expenses such as electronic medical records management, clinic renovation, consumer engagement. Hospital outsourcing also helps in minimizing the errors that generally occur during billing of medicines and helps in reducing the cost related to the staff training thus driving its growth in the coming years. Growing pressure to lower rising healthcare prices, demand for specialty facilities, higher R&D costs, and tight regulations are expected to fuel the outsourcing market for hospitals during the forecast period. COVID-19 has disrupted the global outsourcing industry for hospitals, but the market is projected to improve dramatically over the forecast timeframe with growing leverage over the pandemic situation. However, during the forecast era, undisclosed outsourcing costs and fear of losing exposure and leverage over the company along with the concerns related to the data privacy and IT outsourcing process are likely to hinder the healthcare outsourcing sector. Nevertheless, the rapid expansion of the utilization of artificial intelligence and machine learning in lowering the risks and errors provide lucrative growth opportunities for the market growth in the coming years.

Global Hospital Outsourcing Market: Segmentation

The global hospital outsourcing market can be segmented into hospital size, service type, and region. By hospital size, the product can be segmented into small & medium hospitals and large hospitals. Of these, the large hospitals' segment holds the largest share in the global hospital outsourcing market owing to the large infrastructure amenities, along with large patient treatment & holding capacity along with the availability of expert specialized doctors for various treatments under one single roof. by service type, the market can be segmented into information technology services, facility management and security services, clinical services, revenue management services, insurance verification services, marketing services, transportation services, recruitment services, catering and cafeteria services, business and administration services, others. The clinical service serves as the largest service type for hospital outsourcings as it helps in cost savings, helping to focus on other main tasks and future strategies. By hospital size, the market is divided into public hospitals and private hospitals, out of which the private hospitals are expected to have the largest share owing to the better facilities available in the private hospitals as patients pay more extra services and feel more personalized owing to fewer patients, as compared with public hospitals. By end-user segment, the market is divided into Clinics, Nursing Homes and Assisted Living, General Medical and Surgical Hospitals, Specialty Hospitals, Emergency and Other Outpatient Care Centres, and Others. The specialty hospitals hold the largest share as the third-party providers specialized in the specific operations may provide service more efficiently and less expensively.

Global Hospital Outsourcing Market: Regional Analysis

Based on regions, the global hospital outsourcing market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Because of the presence of a significant number of service providers in the region, North America has a considerable position in the global hospital outsourcing industry. In addition, the region's healthcare outsourcing industry is further influenced by growth in outsourcing to local healthcare firms. In developing nations, such as the U.S., healthcare organizations are implementing paperless working processes and there is also a massive inflow of patient data. As a result, most healthcare businesses employ third-party service providers to handle such a vast volume of information. This is supposed to propel the region's demand for outsourcing healthcare.

Global Hospital Outsourcing Market: Competitive Players

Some of the key players in the hospital outsourcing market are Clean Team, ModivCare Solutions, LLC., Allscripts Healthcare, LLC, Cleaning Services Group, Inc., ACC Medlink, OCS Group Limited, SSR Techvision, e-care India, Sodexo, XPressGuards.com, Cerner Corporation, Fast Guard Service, Optum, Inc., First Class Valet, R1 RCM, Inc, ABM, Flatworld Solutions Pvt. Ltd., Red Bean Hospitality, Grupa Impel, Apollo Sindoori, Stathakis, Aramark, Healthcare Resource Group, Inc., The Budd Group, 3M, Integrated Medical Transport, AdvantEdge Healthcare Solutions., TRIMEDX, Maxicus, and CIRFOOD, among others. 

Global Hospital Outsourcing Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Hospital Outsourcing Market, 2016 – 2026 (USD Million)
    • 3.2.Global Hospital Outsourcing Market: Snapshot
  • Chapter 4.Hospital Outsourcing Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Analysis
      • 4.4.2.Use – Cases for Hospital Outsourcing
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Hospital Outsourcing Market Attractiveness, By Hospital Size
    • 5.2.Global Hospital Outsourcing Market Attractiveness, By Service Type
    • 5.3.Global Hospital Outsourcing Market Attractiveness, By Hospital Type
    • 5.4.Global Hospital Outsourcing Market Attractiveness, By End-User
    • 5.5.Global Hospital Outsourcing Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Hospital Outsourcing Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Hospital Outsourcing Market Overview: by Hospital Size
      • 7.1.1.Global Hospital Outsourcing Market Revenue Share, by Hospital Size, 2019 & 2026
    • 7.2.Global Hospital Outsourcing Market Analysis/Overview – By Hospital Size
      • 7.2.1.Small and Medium Hospitals – Overview/Analysis
      • 7.2.2.Large Hospitals – Overview/Analysis
    • 7.3.Small and Medium Hospitals
      • 7.3.1.Global Hospital Outsourcing Market for Small and Medium Hospitals, Revenue (USD Million) 2016 - 2026
    • 7.4.Large Hospitals
      • 7.4.1.Global Hospital Outsourcing Market for Large Hospitals, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Hospital Outsourcing Market Overview: by Service Type
      • 8.1.1.Global Hospital Outsourcing Market Revenue Share, by Service Type, 2019 & 2026
    • 8.2.Global Hospital Outsourcing Market Analysis/Overview – By Service Type
      • 8.2.1.Information Technulogy Services – Overview/Analysis
      • 8.2.2.Facility Management and Security Services – Overview/Analysis
      • 8.2.3.Clinical Services – Overview/Analysis
      • 8.2.4.Revenue Management Services – Overview/Analysis
      • 8.2.5.Insurance Verification Services – Overview/Analysis
      • 8.2.6.Marketing Services – Overview/Analysis
      • 8.2.7.Transportation Services – Overview/Analysis
      • 8.2.8.Recruitment Services – Overview/Analysis
      • 8.2.9.Catering and Cafeteria Services – Overview/Analysis
      • 8.2.10.Business and Administration Services – Overview/Analysis
      • 8.2.11.Others – Overview/Analysis
    • 8.3.Information Technulogy Services
      • 8.3.1.Global Hospital Outsourcing Market for Information Technulogy Services, Revenue (USD Million) 2016 - 2026
    • 8.4.Facility Management and Security Services
      • 8.4.1.Global Hospital Outsourcing Market for Facility Management and Security Services, Revenue (USD Million) 2016 - 2026
    • 8.5.Clinical Services
      • 8.5.1.Global Hospital Outsourcing Market for Clinical Services, Revenue (USD Million) 2016 - 2026
    • 8.6.Revenue Management Services
      • 8.6.1.Global Hospital Outsourcing Market for Revenue Management Services, Revenue (USD Million) 2016 - 2026
    • 8.7.Insurance Verification Services
      • 8.7.1.Global Hospital Outsourcing Market for Insurance Verification Services, Revenue (USD Million) 2016 - 2026
    • 8.8.Marketing Services
      • 8.8.1.Global Hospital Outsourcing Market for Marketing Services, Revenue (USD Million) 2016 - 2026
    • 8.9.Transportation Services
      • 8.9.1.Global Hospital Outsourcing Market for Transportation Services, Revenue (USD Million) 2016 - 2026
    • 8.1.Recruitment Services
      • 8.10.1.Global Hospital Outsourcing Market for Recruitment Services, Revenue (USD Million) 2016 - 2026
    • 8.11.Catering and Cafeteria Services
      • 8.11.1.Global Hospital Outsourcing Market for Catering and Cafeteria Services, Revenue (USD Million) 2016 - 2026
    • 8.12.Business and Administration Services
      • 8.12.1.Global Hospital Outsourcing Market for Business and Administration Services, Revenue (USD Million) 2016 - 2026
    • 8.13.Others
      • 8.13.1.Global Hospital Outsourcing Market for Others, Revenue (USD Million) 2016 - 2026
    • 9.1.Global Hospital Outsourcing Market Overview: by Hospital Type
      • 9.1.1.Global Hospital Outsourcing Market Revenue Share, by Hospital Type, 2019 & 2026
    • 9.2.Global Hospital Outsourcing Market Analysis/Overview – By Hospital Type
      • 9.2.1.Public Hospitals – Overview/Analysis
      • 9.2.2.Private Hospitals – Overview/Analysis
    • 9.3.Public Hospitals
      • 9.3.1.Global Hospital Outsourcing Market for Public Hospitals, Revenue (USD Million) 2016 - 2026
    • 9.4.Private Hospitals
      • 9.4.1.Global Hospital Outsourcing Market for Private Hospitals, Revenue (USD Million) 2016 - 2026
    • 10.1.Global Hospital Outsourcing Market Overview: by End-User
      • 10.1.1.Global Hospital Outsourcing Market Revenue Share, by End-User, 2019 & 2026
    • 10.2.Global Hospital Outsourcing Market Analysis/Overview – By End-User
      • 10.2.1.Clinics – Overview/Analysis
      • 10.2.2.Nursing Homes and Assisted Living – Overview/Analysis
      • 10.2.3.General Medical and Surgical Hospitals – Overview/Analysis
      • 10.2.4.Specialty Hospitals – Overview/Analysis
      • 10.2.5.Emergency and Other Outpatient Care Centres – Overview/Analysis
      • 10.2.6.Others – Overview/Analysis
    • 10.3.Clinics
      • 10.3.1.Global Hospital Outsourcing Market for Clinics, Revenue (USD Million) 2016 - 2026
    • 10.4.Nursing Homes and Assisted Living
      • 10.4.1.Global Hospital Outsourcing Market for Nursing Homes and Assisted Living, Revenue (USD Million) 2016 - 2026
    • 10.5.General Medical and Surgical Hospitals
      • 10.5.1.Global Hospital Outsourcing Market for General Medical and Surgical Hospitals, Revenue (USD Million) 2016 - 2026
    • 10.6.Specialty Hospitals
      • 10.6.1.Global Hospital Outsourcing Market for Specialty Hospitals, Revenue (USD Million) 2016 - 2026
    • 10.7.Emergency and Other Outpatient Care Centres
      • 10.7.1.Global Hospital Outsourcing Market for Emergency and Other Outpatient Care Centres, Revenue (USD Million) 2016 - 2026
    • 10.8.Others
      • 10.8.1.Global Hospital Outsourcing Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 11.Hospital Outsourcing Market – Regional Analysis
    • 11.1.Global Hospital Outsourcing Market: Regional Overview
      • 11.1.1.Global Hospital Outsourcing Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Hospital Outsourcing Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Hospital Outsourcing Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Hospital Outsourcing Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Hospital Outsourcing Market Revenue, by Hospital Size, 2016 – 2026
      • 11.2.4.North America Hospital Outsourcing Market Revenue, by Service Type, 2016 – 2026
      • 11.2.5.North America Hospital Outsourcing Market Revenue, by Hospital Type, 2016 – 2026
      • 11.2.6.North America Hospital Outsourcing Market Revenue, by End-User, 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Hospital Outsourcing Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Hospital Outsourcing Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Hospital Outsourcing Market Revenue, by Hospital Size, 2016 – 2026
      • 11.3.4.Europe Hospital Outsourcing Market Revenue, by Service Type, 2016 – 2026
      • 11.3.5.Europe Hospital Outsourcing Market Revenue, by Hospital Type, 2016 – 2026
      • 11.3.6.Europe Hospital Outsourcing Market Revenue, by End-User, 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Spain
      • 11.3.12.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Hospital Outsourcing Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Hospital Outsourcing Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Hospital Outsourcing Market Revenue, by Hospital Size, 2016 – 2026
      • 11.4.4.Asia Pacific Hospital Outsourcing Market Revenue, by Service Type, 2016 – 2026
      • 11.4.5.Asia Pacific Hospital Outsourcing Market Revenue, by Hospital Type, 2016 – 2026
      • 11.4.6.Asia Pacific Hospital Outsourcing Market Revenue, by End-User, 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.South-East Asia
      • 11.4.12.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Hospital Outsourcing Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Hospital Outsourcing Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Hospital Outsourcing Market Revenue, by Hospital Size, 2016 – 2026
      • 11.5.4.Latin America Hospital Outsourcing Market Revenue, by Service Type, 2016 – 2026
      • 11.5.5.Latin America Hospital Outsourcing Market Revenue, by Hospital Type, 2016 – 2026
      • 11.5.6.Latin America Hospital Outsourcing Market Revenue, by End-User, 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Hospital Outsourcing Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Hospital Outsourcing Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Hospital Outsourcing Market Revenue, by Hospital Size, 2016 – 2026
      • 11.6.4.The Middle-East and Africa Hospital Outsourcing Market Revenue, by Service Type, 2016 – 2026
      • 11.6.5.The Middle-East and Africa Hospital Outsourcing Market Revenue, by Hospital Type, 2016 – 2026
      • 11.6.6.The Middle-East and Africa Hospital Outsourcing Market Revenue, by End-User, 2016 – 2026
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.Clean Team
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfulio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.ModivCare Sulutions, LLC.
    • 12.3.Allscripts Healthcare, LLC
    • 12.4.Cleaning Services Group, Inc.
    • 12.5.ACC Medlink
    • 12.6.OCS Group limited
    • 12.7.SSR Techvision
    • 12.8.e-care India
    • 12.9.Sodexo
    • 12.1.XPressGuards.com
    • 12.11.Cerner Corporation
    • 12.12.Fast Guard Service
    • 12.13.Optum, Inc.
    • 12.14.First Class Valet
    • 12.15.R1 RCM, Inc
    • 12.16.ABM
    • 12.17.Flatworld Sulutions Pvt. Ltd.
    • 12.18.Red Bean Hospitality
    • 12.19.Grupa Impel
    • 12.2.Apullo Sindoori
    • 12.21.Stathakis
    • 12.22.Aramark
    • 12.23.Healthcare Resource Group, Inc.
    • 12.24.The Budd Group
    • 12.25.3M
    • 12.26.Integrated Medical Transport
    • 12.27.AdvantEdge Healthcare Sulutions.
    • 12.28.TRIMEDX
    • 12.29.Maxicus
    • 12.3.CIRFOOD
    • 12.31.Others

Methodology


Frequently Asked Questions

The growing popularity of outsourcing by several organizations for controlling the rising costs of providing services along with its diverse services such as research or manufacturing, for providing a better quality of healthcare facilities is projected to propel the hospital outsourcing market growth in the forecasted period.

According to Zion Market Research, the hospital outsourcing market is expected to generate revenue of around USD 661.68 Billion by end of 2028, growing at a CAGR of around 10.78% between 2020 and 2026.

The North American region is expected to make notable contributions to the growth of the hospital outsourcing market.

Some of the key players in the hospital outsourcing market are Clean Team, ModivCare Solutions, LLC., Allscripts Healthcare, LLC, Cleaning Services Group, Inc., ACC Medlink, OCS Group Limited, SSR Techvision, e-care India, Sodexo, XPressGuards.com, Cerner Corporation, Fast Guard Service, Optum, Inc., First Class Valet, R1 RCM, Inc, ABM, Flatworld Solutions Pvt. Ltd., Red Bean Hospitality, Grupa Impel, Apollo Sindoori, Stathakis, Aramark, Healthcare Resource Group, Inc., The Budd Group, 3M, Integrated Medical Transport, AdvantEdge Healthcare Solutions., TRIMEDX, Maxicus, and CIRFOOD, among others.

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