Envision Report

Published January 22, 2018

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

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Outsourcing is a rising phenomenon in 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 has the largest share 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, the end user. 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, biotechnology and others.

Healthcare IT Outsourcing Market Outlook:

Many of the healthcare industries are trying to implement the new technological developments to increase their share in 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.

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
  • IBM
  • Dell, Inc
  • McKesson
  • Accenture
  • Allscripts Healthcare Solutions

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 Analysis

CHAPTER 4   MARKET DYNAMICS

4.1 Drivers

4.1.1 Government Initiatives and regulations to provide High-quality services

4.1.2 Reducing operation costs

4.1.3 Improving quality of clinical outcomes

4.2 Restraints & Challenges

4.2.1 Restriction on developing standard its platform due to fragmented end-user market

4.2.2 Increasing incidence of data breach and security issues

4.3 Opportunities

4.3.1 Shifting focus towards patient-centric solutions

CHAPTER 5  MARKET SEGMENTATION BY APPLICATION

5.1 Introduction

5.2 Providers HCIT Outsourcing Market

5.2.1 Healthcare Analytics

5.2.2 Revenue Cycle Management System

5.2.3 Supply chain Management

5.3 Payers HCIT Outsourcing Market

5.3.1 Laboratory Information System

5.3.2 Electronic Medical Records

5.3.3 Hospital Information System

      5.3.4 Radiology Information System

5.4 Life Sciences HCIT Outsourcing Market

5.5 Infrastructure HCIT Outsourcing Market

5.6 Operational Services Outsourcing Market

CHAPTER 6  MARKET SEGMENTATION BY END USER

6.1 Introduction

6.2 Pharmaceuticals

6.3 Healthcare

6.4 Biotechnology

6.5 Others

CHAPTER 7  MARKET SEGMENTATION BY GEOGRAPHY

7.1. Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Canada

7.2.3 Mexico

7.3 South America

7.3.1 Brazil

7.3.2 Argentina

7.3.3 Others

7.4 Europe

7.4.1 U.K.

7.4.2 Germany

7.4.3 France

7.4.4 Italy

7.4.5 Spain

7.4.6 Others

7.5 APAC

7.5.1 China

7.5.2 Japan

7.5.3 India

7.5.4 Others

7.6 Middle East & Africa

7.6.1 Middle East

7.6.2 Africa

CHAPTER 8  COMPETITIVE LANDSCAPE

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

8.2 Market Share Analysis

8.3 Strategies Adopted By Top Companies

CHAPTER 9  COMPANY PROFILES

9.1 IBM Corporation

9.1.1 Company Overview

9.1.2 Business Segments

9.1.3 Financials

9.1.4 Developments

9.1.5 SWOT Analysis (Public Companies)

9.2 Cerner Corporation

9.3 Accenture PLC

9.4 Dell, Inc.

9.5 Allscripts Healthcare Solutions, Inc.

9.6 Cognizant Technology Solutions, Inc.

9.7 McKesson Corporation

9.8 Siemens Healthcare AG

9.9 Tata Consultancy Services

9.10 Infosys Ltd.

9.11 Wipro Ltd

9.12 Epic Systems Corporation

9.13 Xerox Corporation

9.14 Oracle Corporation

9.15 Hewlett-Packard Company

9.16 Meditech Incorporated

CHAPTER 10  MARKET INSIGHTS

10.1 Industry Experts Insights

10.2 Analyst Opinions (Market Understanding)

10.3 Investment Opportunities

CHAPTER 11  APPENDIX

11.1 List of Tables

11.2 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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