Envision Report

Published January 10, 2018

Healthcare IT Outsourcing Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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Outsourcing is a rising phenomenon the healthcare industry in which an organization selects the efficient third party service provider to operate its management and administrative part. Outsourcing of IT solutions in the healthcare industry has emerged as an efficient solution to meet the growing demand for the quality healthcare and this trend has grown among several organizations.

Healthcare IT Outsourcing Market Share:

Among the different types of segmentation of Healthcare IT Outsourcing Market, Healthcare providers segment of the End User surfaced the highest share in the market and healthcare payers are expected to have the largest share in the next coming years.

Healthcare IT Outsourcing Market Size:

The market share is expected to reach USD 50.54 billion with a CAGR of 7.7% by 2024.

North America holds the largest size in the Healthcare IT Outsourcing Market due to the advancement of the technology, growing pressure to cut the healthcare costs and also increasing demand for applications management services. The Asia Pacific is expected to have the dominant market during the forecast period.

Healthcare IT Outsourcing Market Growth:

The factors that contribute the growth of the market are the increasing patient pool, growing demand for quality care services, improving efficiency and also reducing the cost of operation for the healthcare providers.

Healthcare IT Outsourcing Market Industry Analysis:

The Healthcare IT Outsourcing Market is segmented on the basis of application, end user, and technology. The application is further segmented into providers HCIT outsourcing market, payers HCIT outsourcing market, life sciences HCIT outsourcing market, infrastructure HCIT outsourcing market and operational services outsourcing market. The end user is subdivided into pharmaceuticals, healthcare, research, and biotechnology. Technology is classified into chromatography, monoclonal antibodies technology, recombinant DNA technology, electrophoresis, nuclear magnetic resonance technology, western blotting, bioassay and mass spectrometry.

Healthcare IT Outsourcing Market Outlook:

Many of the healthcare industries are trying to implement the new technology to increase the share of the Healthcare IT Outsourcing Market. Asia Pacific is expected to have the largest CAGR in the market during the forecast period due to the rising penetration of the technological advancements in the healthcare industry.

Healthcare IT Outsourcing Market Trends:

McKesson Corporation ranked 5th on the FORTUNE 500, is a global leader in the healthcare information technology. New CT scanner is the product by Siemens Healthcare that brings dual energy procedure to clinical routine.

Healthcare IT Outsourcing Market Research Report includes:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analyzed with the major countries and the unions.
  • Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
  • Expertise investment opportunities by an analyst to the individual and organization to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Cerner
  • Oracle
  • Siemens Healthcare
  • McKesson
  • Accenture

Chapter 1 Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

Chapter 2 Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

Chapter 3 Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

Chapter 4 Market Dynamics

4.1 DROC

4.1.1 Drivers

4.1.2 Restraints

4.1.3 Opportunities

4.1.4 Challenges

Chapter 5 Market Segmentation Analysis

Chapter 6 Market Segmentation by Application

6.1 Providers HCIT Market

6.1.1 Healthcare Analytics

6.1.2 Revenue Cycle Management System

6.1.3 Supply Chain Management

6.2 Payers HCIT Outsourcing Market

6.2.1 Laboratory Information System

6.2.2 Electronic Medical Records

6.2.3 Hospital Information System

6.2.4 Radiology Information System

6.3 Life Sciences HCIT Outsourcing Market

6.4 Infrastructure HCIT Outsourcing Market

6.5 Operational Services Outsourcing Market

Chapter 7 Market Segmentation by End User

7.1 Pharmaceuticals

7.2 Healthcare

7.3 Research

7.4 Biotechnology

7.5 Others

Chapter 8 Market Segmentation by Technology

8.1 Chromatography

8.2 Monoclonal Antibodies Technology

8.3 Recombinant DNA Technology

8.4 Electrophoresis

8.5 Nuclear Magnetic Resonance Technology

8.6 Western Blotting

8.7 Bioassay

8.8 Mass Spectrometry

Chapter 9 Market Segmentation by Geography

9.1 Asia Pacific

9.1.1 Introduction

9.1.2 China

9.1.3 India

9.1.4 Japan

9.1.5 Australia & New Zealand

9.1.6 Others

9.2 North America

9.2.1 Introduction

9.2.2 United States

9.2.3 Canada

9.2.4 Mexico

9.2.5 Others

9.3 Europe

9.3.1 Introduction

9.3.2 Spain

9.3.3 UK

9.3.4 France

9.3.5 Russia

9.3.6 Italy

9.3.7 Others

9.4 Middle East and Africa

9.4.1 Introduction

9.4.2 South Africa

9.4.3 Middle East Countries

9.4.4 Others

9.5 South America

9.5.1 Introduction

9.5.2 Argentina

9.5.3 Brazil

9.5.4 Others

Chapter 10 Competitive Landscape

10.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

10.2 Market Share Analysis

10.3 Strategies Adopted By Top Companies

Chapter 11 Company Profiles

11.1 IBM

11.1.1 Business Overview

11.1.2 Product portfolio

11.1.3 Key Strategy

11.1.4 Recent Developments

11.2 Cerner

11.3 Oracle

11.4 Siemens Healthcare

11.5 McKesson

11.6 Accenture

11.7 Dell

11.8 Tata Consultancy Services

11.9 Infosys

11.10 Allscripts Healthcare Solutions

11.11 Cognizant Technology Solutions

11.12 Wipro Ltd.

11.13 Epic System

11.14 Xerox Corporation

11.15 Hewlett-Packard Company

Chapter 12 Market Estimates and Forecast

12.1 Market Estimates and Forecast 2018-2024(USD Million)

12.1.1 Market Estimation and Forecast by Application 2018-2024 (USD Million)

12.1.2 Market Estimates and Forecast by End User 2018-2024 (USD Million)

12.1.3 Market Estimates and Forecast by Technology 2018-2024 (USD Million)

12.1.4 Market Estimates and Forecast by Geography 2018-2024 (USD Million)

Chapter 13 Market Insights

13.1 Insights of Industry Experts

13.2 Analyst Opinion (Market Understanding)

13.3 Investment Opportunities

Chapter 14 Appendix

14.1 List of Tables

14.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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