Press release
Healthcare IT Outsourcing Market : Rising Initiatives in North America for Improvement in Healthcare Services to Drive Growth of Market
By the completion of 2023, the global healthcare IT outsourcing market could be valued at a US$61.2 bn, according to TMR. With respect to application, the administration segment is prophesied to lead the market and achieve a valuation of US$21.5 bn by the final forecast year. Regionally, North America could obtain a lion’s share of the market while being valued at a US$21.2 bn by the same year.
healthcare-it-outsourcing-marketGovernment Initiatives Emphasizing on High-quality Healthcare Services Raise Demand
Healthcare IT outsourcing is considered as one of the top cost-saving practices observed in the industry. It principally gains support from various government regulations and initiatives underlining the need for making available cost-efficient as well as high-quality healthcare services to the public. In the healthcare industry, one of the larger emerging trends is said to be third-party IT outsourcing. Demand for healthcare IT outsourcing is projected to rise on the back of the need to reduce in-house healthcare IT expenses. Solutions offered in the world healthcare IT outsourcing market could significantly contribute to keep such expenses in check.
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Growing investment in healthcare infrastructure is another factor that could increase demand in the world healthcare IT outsourcing market. Magnifying need to ensure higher level of patient satisfaction, enhanced productivity, and reduced costs is foreseen to augment the demand for IT convergence in healthcare.
Rising Cases of Data Breach and Loss of Confidentiality Increase Distrust among End Users
The international healthcare IT outsourcing market is forecasted to have a positive outlook for the next few years. However, loss of trust due to confidentiality issues and data breach could hamper demand for healthcare IT outsourcing. Moreover, operation of service providers could be restricted due to limitation on standardizing IT platforms because of high fragmentation of the healthcare and medical industries. Additionally, language barriers and cultural differences are envisaged to create problems in the market.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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