New York, NY, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “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”. According to the report, global healthcare IT outsourcing market was valued at approximately USD 46.8 billion in 2017 and is 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.
Increasing the dependability of software and technology-based solutions in the healthcare industry along with trending healthcare management are factors accelerating the growth of the healthcare IT outsourcing market over the estimated time.
Browse through 38 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Healthcare IT Outsourcing Market Size 2017: By Type, Size, Industry Share, Trends and Forecast to 2024”.
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Healthcare IT outsourcing market is mainly driven by its prominent characteristics which include enhanced productivity and reduced cost which has increased consumer satisfaction. Furthermore, healthcare IT outsourcing market is driven by the upsurge demand for a digital platform to maintain, store, and to retrieve data in real time through various interfaces of a large patient pool. Additionally, improved features of the healthcare IT outsourcing services which include innovative and efficient analytic tool to provide solutions to the complex healthcare problems will increase the overall productivity and satisfaction. These factors are estimated to propel the healthcare IT outsourcing market in the near future. However, lack of trained professionals in the market is acting as a hurdle for the healthcare outsourcing market and may affect its growth in the long term. Nonetheless, significant investment by the government in healthcare IT outsourcing market across the globe coupled with the growing requirement for data security is likely to disclose new avenues for the 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 prominent market value share as it provides a significant platform to store data of a 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.
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Based on industry, healthcare IT outsourcing market is segmented as 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 such as 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.
In the healthcare IT outsourcing market, North America is anticipated to hold the prominent market value share over the estimated time. The U.S. is the leading healthcare IT outsourcing market by country in North America. The U.S. market is anticipated to grow with significant CAGR in the near future. Increasing digitalization dependency along with the significant investments by the government in healthcare IT solutions is supporting the growth of healthcare IT outsourcing market in North America.
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North America is anticipated to be followed by Europe and is expected to show significant growth in the near future. This growth is mainly supported by high per capita income in this region along with the increasing healthcare infrastructure.
The Asia Pacific is expected to have an accelerated demand in the near future. Developing and developed countries of Asia Pacific such as India, China, and Japan is expected to show significant growth in the healthcare IT outsourcing market. Growth in the Asia Pacific market is supported by the increasing awareness about the technologically advanced techniques for data management and upsurge need for a more reliable platform for record maintenance of the large patient pool.
In Middle East & Africa; African region is anticipated to register low to moderate growth rate mainly due to lack of awareness and accessibility to the advanced IT solutions. Latin America is another prominent region witnessing the significant growth in the healthcare IT outsourcing market.
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Some of the key players in healthcare IT outsourcing market include among 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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This report segments the global healthcare IT outsourcing market as follows:
Global Healthcare IT Outsourcing Market: By Application
Global Healthcare IT Outsourcing Market: By Industry
Global Healthcare IT Outsourcing Market: By Region
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