Healthcare IT Outsourcing Market

Healthcare IT Outsourcing Market – Expanding with the CAGR of 6.70% between 2015 and
2023
The global healthcare IT outsourcing market is prognosticated in a report authored by
Transparency Market Research (TMR) to find the competition grow intense due to telling
increase in the count of service providers. In the new study, companies are expected to focus
on offering quality patient care and patient data management systems as they develop their
own analytical platform. This could also help them to offer customized solutions to healthcare
providers and also payers on the global level. Larger companies may look to build tactical
alliances with local firms in the Middle East and Africa and Asia Pacific for collecting significant
shares of the market.
By the completion of 2023, the global healthcare IT outsourcing market could be valued at a
US$61.2 bn, according to TMR. With respect to application, the administration segment is
prophesied to lead the market and achieve a valuation of US$21.5 bn by the final forecast year.
Regionally, North America could obtain a lion’s share of the market while being valued at a
US$21.2 bn by the same year.
Get Sample PDF for More Insights
@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9755
Government Initiatives Emphasizing on High-quality Healthcare Services Raise Demand
Healthcare IT outsourcing is considered as one of the top cost-saving practices observed in the
industry. It principally gains support from various government regulations and initiatives
underlining the need for making available cost-efficient as well as high-quality healthcare
services to the public. In the healthcare industry, one of the larger emerging trends is said to be
third-party IT outsourcing. Demand for healthcare IT outsourcing is projected to rise on the
back of the need to reduce in-house healthcare IT expenses. Solutions offered in the world
healthcare IT outsourcing market could significantly contribute to keep such expenses in check.
Growing investment in healthcare infrastructure is another factor that could increase demand
in the world healthcare IT outsourcing market. Magnifying need to ensure higher level of
patient satisfaction, enhanced productivity, and reduced costs is foreseen to augment the
demand for IT convergence in healthcare.
Rising Cases of Data Breach and Loss of Confidentiality Increase Distrust among End Users
The international healthcare IT outsourcing market is forecasted to have a positive outlook for
the next few years. However, loss of trust due to confidentiality issues and data breach could
hamper demand for healthcare IT outsourcing. Moreover, operation of service providers could
be restricted due to limitation on standardizing IT platforms because of high fragmentation of
the healthcare and medical industries. Additionally, language barriers and cultural differences
are envisaged to create problems in the market.
However, healthcare IT outsourcing vendors could find demand in the faster-growing
application of care management owing to rising requirement of quality care services and
expanding patient pool. Application of healthcare IT outsourcing could see a rise in healthcare
administration due to increasing focus on healthcare administrative processes including
healthcare data management, operations management, asset management, and billing.

Download Report