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Global Healthcare IT Outsourcing Market (2022-2027) by Application, Industry, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 188 Pages
  • September 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5669310

Growing Medical Tourism In India, Singapore, China And Thailand Offers Opportunities For Healthcare IT Outsourcing

The Global Healthcare IT Outsourcing Market is estimated to be USD 60.04 Bn in 2022 and is expected to reach USD 101.72 Bn by 2027, growing at a CAGR of 11.12%

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.

Market Segmentations

The Global Healthcare IT Outsourcing Market is segmented based on Application, Industry, and Geography.
  • By Application, the market is classified into Provider Outsourcing, Payer Outsourcing, Life Science Outsourcing, Operational Outsourcing, and Infrastructure Outsourcing.
  • By Industry, the market is classified into Healthcare System, Healthcare Insurance Industry, Pharmaceutical Industry, Clinical Research Organization, Biotechnology, and Others.
  • By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Accenture, PLC, Accretive Health, Inc., Allscripts Healthcare Solutions, Inc., Anthelio Healthcare Solutions, Cognizant Technology Solutions, Dell, Inc., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Healthcare IT Outsourcing Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Healthcare IT Outsourcing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Healthcare IT Outsourcing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Healthcare IT Outsourcing Market

What is the estimated value of the Global Healthcare IT Outsourcing Market?

The Global Healthcare IT Outsourcing Market was estimated to be valued at $60.04 Billion in 2022.

What is the growth rate of the Global Healthcare IT Outsourcing Market?

The growth rate of the Global Healthcare IT Outsourcing Market is 11.1%, with an estimated value of $101.72 Billion by 2027.

What is the forecasted size of the Global Healthcare IT Outsourcing Market?

The Global Healthcare IT Outsourcing Market is estimated to be worth $101.72 Billion by 2027.

Who are the key companies in the Global Healthcare IT Outsourcing Market?

Key companies in the Global Healthcare IT Outsourcing Market include Accenture, PLC, Accretive Health, Inc., Allscripts Healthcare Solutions, Inc., Anthelio Healthcare Solutions, Cognizant Technology Solutions, Dell, Inc., HCL Technologies, Ltd., HP, IBM Corp. and Infosys, Ltd..

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Healthcare IT Outsourcing is a Viable Solution to Curtail Healthcare Costs
4.1.2 Shortage of In-House IT Professionals
4.1.3 Growing Need to Integrate Healthcare IT Solutions
4.1.4 Improved Quality of Care and Clinical Outcomes
4.2 Restraints
4.2.1 Fragmented End-User Market Restricts Development of Standard IT Platforms
4.2.2 Cultural Differences and Language Barriers
4.3 Opportunities
4.3.1 Consolidating the Healthcare System and the Role of Software Architecture Oriented Programs
4.3.2 Growing Concerns for Data Security Offers Opportunities for Outsourcing Private Cloud Computing Models
4.3.3 Emerging Markets Offer a Huge Potential for IT Outsourcing
4.4 Challenges
4.4.1 Rising Incidences of Data Breach and Loss of Confidentiality
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE Analysis
6 Global Healthcare IT Outsourcing Market, By Application
6.1 Introduction
6.2 Provider Outsourcing
6.2.1 Electronic Health Records
6.2.2 Revenue Cycle Management System
6.2.3 Laboratory Information and Management System
6.2.4 Pharmacy Information and Management System
6.3 Payer Outsourcing
6.3.1 Customer Relationship Management System
6.3.2 Claim Processing
7 Global Healthcare IT Outsourcing Market, By Industry
7.1 Introduction
7.2 Healthcare System
7.3 Healthcare Insurance Industry
7.4 Pharmaceutical Industry
7.5 Clinical Research Organization
7.6 Biotechnology
7.7 Others
8 Americas’ Healthcare IT Outsourcing Market
8.1 Introduction
8.2 Argentina
8.3 Brazil
8.4 Canada
8.5 Chile
8.6 Colombia
8.7 Mexico
8.8 Peru
8.9 United States
8.10 Rest of Americas
9 Europe’s Healthcare IT Outsourcing Market
9.1 Introduction
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
9.6 France
9.7 Germany
9.8 Italy
9.9 Netherlands
9.10 Norway
9.11 Poland
9.12 Russia
9.13 Spain
9.14 Sweden
9.15 Switzerland
9.16 United Kingdom
9.17 Rest of Europe
10 Middle East and Africa’s Healthcare IT Outsourcing Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Qatar
10.5 Saudi Arabia
10.6 South Africa
10.7 United Arab Emirates
10.8 Rest of MEA
11 APAC’s Healthcare IT Outsourcing Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 IGR Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Accenture, PLC
13.2 Accretive Health, Inc.
13.3 Allscripts Healthcare Solutions, Inc.
13.4 Anthelio Healthcare Solutions
13.5 Cognizant Technology Solutions
13.6 Dell, Inc.
13.7 HCL Technologies, Ltd.
13.8 HP
13.9 IBM Corp.
13.10 Infosys, Ltd.
13.11 Mckesson Corp.
13.12 Siemens Healthcare (Subsidiary Of Siemens Ag)
13.13 Tata Consultancy Services, Ltd.
13.14 Wipro, Ltd.
13.15 Xerox Corp.
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Accenture, PLC
  • Accretive Health, Inc.
  • Allscripts Healthcare Solutions, Inc.
  • Anthelio Healthcare Solutions
  • Cognizant Technology Solutions
  • Dell, Inc.
  • HCL Technologies, Ltd.
  • HP
  • IBM Corp.
  • Infosys, Ltd.
  • Mckesson Corp.
  • Siemens Healthcare (Subsidiary Of Siemens Ag)
  • Tata Consultancy Services, Ltd.
  • Wipro, Ltd.
  • Xerox Corp.