Immense Growth of the Patient Pool and the Rising Investments in Healthcare Infrastructure across the World, Boost the Healthcare IT Outsourcing Market

In 2014, the Healthcare IT Outsourcing Market was worth US$34 bn, which is expected to rise at a CAGR of 6.70% between 2015 and 2023 and reach an estimation of US$61.2 bn by the end of the forecast period.

This report provides an analysis of the global healthcare IT outsourcing market for the period 2013 – 2023, wherein the period from 2015 to 2023 comprises the forecast period and 2014 is the base year. Data for 2013 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the healthcare IT outsourcing market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period. The study provides a holistic perspective of the growth of the healthcare IT outsourcing market throughout the forecast period in terms of revenue estimates (in US$ Bn), across different geographies, which include Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA). The report provides a cross-sectional analysis of the global healthcare IT outsourcing market in terms of market estimates and forecasts for all the segments across different geographic regions.

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Applications

On the basis of applications, the healthcare IT outsourcing market is categorized into care management, administration, and IT infrastructure management. Healthcare IT outsourcing market by end-use is categorized into healthcare providers and healthcare payers. The report also includes competitive profiling of major players associated with the healthcare IT outsourcing market. Important business strategies adopted by them, their market positioning, and recent developments have also been identified in the research report. The companies profiled in the report include Accenture Plc., IBM Corporation, Cognizant Technology Solutions, L&T Infotech, Tata Consultancy Services, Infosys Limited., Allscripts Healthcare Solutions, Inc., McKesson Corporation, HCL Technologies Ltd., and Wipro Limited. Healthcare IT outsourcing vendors are focusing on increasing their market presence through strategic partnerships and development of low-cost advanced solutions. Analytics and cloud are key focus areas of outsourcing service vendors currently.

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Geographical Insights

Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa are the key regional markets for healthcare IT outsourcing across the world. In 2014, North America led the global market with a share of over 40%. The rise in the initiatives and mandates by governments to make quality healthcare available for people at much lower rates, such as the U.S. Affordable Care Act-2010, has increased the adoption of healthcare IT outsourcing by healthcare providers in this region.

Major Players of Market

IBM Corp., Tata Consultancy Services Ltd., Wipro Ltd., Cognizant Technology Solutions, and Accenture Plc lead this market. Other prominent healthcare IT outsourcing solution providers are L&T Infotech, HCL Technologies Ltd., McKesson Corp., Infosys Ltd., and Allscripts Healthcare Solutions Inc.

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