Healthcare IT Outsourcing Market By Product Type (Provider (EHR, PIS, LIS, RIS, PACS, RCM, Others), Payer (Customer Management Systems, Claim Processing, Fraud Detection, Others), Life Sciences HCIT (CTMS, CDMS, ERP, Others), Operational HCIT (SCM, Business Process Outsourcing), HCIT Infrastructure (Cloud Services, Management Services)), By End User (Provider, Payer, Pharma & Biotech, Clinical Research Organization, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Trends and Forecast to 2024
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 Healthcare IT Outsourcing Market is segmented into product type, end-user and geography.
For Sample Report: Global Healthcare IT Outsourcing Market – Trends and Forecast to 2024
On the basis of the product type the market is segmented into Provider (EHR, PIS, LIS, RIS, PACS, RCM, Others), Payer (Customer Management Systems, Claim Processing, Fraud Detection, Others), Life Sciences HCIT (CTMS, CDMS, ERP, Others), Operational HCIT (SCM, Business Process Outsourcing), HCIT Infrastructure (Cloud Services, Management Services).
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Based on End User the market is segmented into Provider, Payer, Pharma & Biotech, Clinical Research Organization, Others.
Based on geography the healthcare IT outsourcing market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 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 many others. U.S. is expected to dominate the market due to the rising need to decrease healthcare expenditure which is forming the major share of the market. With the market in U.S. shifting to value based reimbursements a proper HCIT platform must be formed, and outsourcing of these processes is expected to significantly speed up the process.
Global players operating in this market are Mckesson Corporation, Accretive Health, Inc., HCL Technologies, Inc., Anthelio Healthcare Solutions, Hewlett-Packard, Allscripts., Accenture Plc., Cognizant Technology Solutions, Dell, Inc., IBM Corporation, Infosys Limited, Siemens Healthcare, Tata Consultancy Services, Ltd., Wipro and Xerox Corporation among others.
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By Product Type (Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS)), By Deployment (On-Premise, Cloud-Based, Remotely Hosted), By Component (Software, Services), By Industry (Life Science (Pharmaceutical, Biotechnology, BioBanking, Contract Service Organizations (CRO), Clinical Research Labs, Academic Research Institutes), Petrochemical, Chemicals, Food & Beverages, Environmental Testing, Forensics, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Trend and Forecast to 2024
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