The global healthcare IT outsourcing market has accounted to USD 43.7 billion in 2016, growing at a CAGR of 9.7% from 2017 to 2024, and is expected to reach USD 91.6 billion by 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The global healthcare industry, generate enormous amount of data. Healthcare industry requires electronic tracking devices/system to maintain the medical records, there billing information and to track information of patients. In order to maintain this data the healthcare industry requires the strong information technology services. This has resulted in an extraordinarily increased demand of IT infrastructure, which had helped them in keeping attention on their core service area.
The Global Healthcare IT Outsourcing Market is segmented based on product type and end-users.
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On the basis of product type the healthcare IT outsourcing segments the products based on their area of usage into provider HCIT, payer HCIT, life sciences HCIT, HCIT infrastructure and operation HCIT. The provider HCIT products include electronic health records, pharmacy information systems, laboratory information systems, radiology information systems, picture archiving and communication systems, revenue cycle management and others.
Based on the end-users of HCIT outsourcing the market is segmented into 5 segments healthcare providers, healthcare payers, pharma and biotech, clinical research organizations and others. Healthcare providers include all healthcare facilities such as physician clinics, hospitals, radiology labs, clinical labs, pharmacies among others. Healthcare payers mainly constitute of the healthcare insurance companies public and private.
Based on geography, the market is segmented into five geographical regions:
• North America
• South America
• Middle East and Africa.
The geographical regions are further segmented into 29 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others.
The major and developed healthcare market is facing the challenge to curb with the rising cost of healthcare expenditure; to achieve this healthcare market is turning to management technologies and services. Healthcare providers are expected to lead the market and grow with the highest CAGR of 13.7% in the forecast period. This is owing to the gap in healthcare technology among providers, also the paradigm shift after affordable care act and value based reimbursement models all development in HCIT market will fuel the growth of provider HCIT outsourcing market.
Some of the major players operating in this market are
• Mckesson Corporation,
• Accretive Health, Inc.,
• HCL Technologies, Inc.,
• Anthelio Healthcare Solutions,
• Accenture Plc.,
• Cognizant Technology Solutions,
• Dell, Inc.,
• IBM Corporation,
• Infosys Limited,
• Siemens Healthcare,
• Tata Consultancy Services, Ltd.,
• Xerox Corporation
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Global Revenue Cycle Management (RCM) Market – Industry Trends and Forecast to 2024
Global Revenue Cycle Management (RCM) Market By Product Type (Integrated RCM, Standalone RCM), By Stage (Front Office, Mid Office, Back Office), By End User (Hospitals, General Physicians, Labs, Others), By Deployment (Web-based, On-premise, Cloud-based), By Component (Software, Services), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) –Industry Trends and Forecast to 2024
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