Global Healthcare IT Outsourcing Market: Research Analysis 2015-2019
| Published: Oct 2015 | Pages: 89 | SKU: IRTNTR7591 |
Market outlook of healthcare outsourcing
IT outsourcing in healthcare is still in its nascent stage compared to other industries that have traditionally chosen to outsource their processes. The global healthcare industry is highly fragmented with enormous pressure to reduce the cost of healthcare services. Technavio market analysts estimate that the global healthcare ITO market to cross revenues in excess of $61 billion by 2019.
Hospitals are increasingly looking to outsource core IT functions to service providers and experts in the business of IT application and infrastructure maintenance. Outsourcing is likely to witness widespread adoption in the healthcare market as it is immensely beneficial to hospital managements. Its growing prevalence is expected to help executives focus on patient care systems and cut down on the many costs involved in having an in-house IT department.
Segmentation analysis of the market by application outsourcing
- Clinical ITO
- EHR Support
- LIS Support
- PIS Support
- HIS Support
- Non-clinical ITO
- Financial Software Support
- Patient Satisfaction Survey Support
- Analytics Support
- Infrastructure outsourcing
Outsourcing services associated with healthcare information systems such as HIS, RIS, LIS, and PIS requires comprehensive solution aligned with relevant domain expertise. Comprehensive IT solutions enable real-time monitoring of patients. The cost of implementation and maintenance of HIS is high, and therefore, outsourcing is expected to significantly reduce the burden of dependence on a skilled workforce.
Geographical segmentation of the healthcare IT outsourcing market
- APAC
- Americas
- EMEA
The APAC region is expected to emerge as the fastest growing region during the forecast period. This region, along with the Americas, is expected to gain a huge market share in the global healthcare ITO market by 2019.
Vendor analysis of the global healthcare IT outsourcing market
- Accenture
- Cognizant Technology Solutions Corporation
- TCS
- IBM
- Infosys
The leading market vendors are focusing on product offerings with analytical features such as predictive and content analytics to help doctors understand the complexity of medical problems and improve the quality of healthcare.
Other prominent vendors in the market include CGI, Dell, Fujitsu, HCL, iGATE, Hexaware, HP, L&T, Syntel, and Tech Mahindra.
Key questions answered in the report
- What are the key factors driving the global healthcare IT outsourcing market?
- What are the key market trends impacting the growth of the global healthcare IT outsourcing market?
- What are the various opportunities and threats faced by the vendors in the global healthcare IT outsourcing market?
- Trending factors influencing the market shares for EMEA, APAC, and Americas?
- Key outcome of the five forces analysis on the global healthcare IT outsourcing market?
- Growth forecast of the global healthcare IT outsourcing market until 2019?
Related reports
- Highlights
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Application outsourcing
- Infrastructure outsourcing
- Market size and forecast
- Five forces analysis
- Global healthcare ITO market segmentation by application
- Application outsourcing
- Infrastructure outsourcing
- Global healthcare ITO market by geographical segmentation
- Competitive scenario
- Accenture
- Cognizant Technology Solutions
- TCS
- IBM
- Infosys
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
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- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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