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Published Date: 2016-03-11Number of Pages: 90

Healthcare IT Outsourcing Market (By Application - Care Management, Administration, and IT Infrastructure Management; By End-use - Healthcare payers and Healthcare Providers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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. 

As a result of the increasing IT outsourcing in healthcare industry, the quality of individual care has increased with greater access to latest means of healthcare IT administration technologies. With the ever-growing patient base across the globe and also due to limited human resources for personalized patient care and rising operational costs, IT outsourcing plays an important role in improving the productivity and quality offered by healthcare providers/payers. With the implementation of customized and advanced outsourced IT platforms, healthcare organizations can focus on their core responsibilities without dedicating their resources to manage IT infrastructure. IT outsourcing also encourages a data driven approach with advanced patient data management and analytics. Large amount of data generated in the healthcare industry is well managed by outsourced IT service providers. The growing demand for affordable care and rising government compliance are supporting factors for the growth of the healthcare IT outsourcing market, globally. As a result of enhanced competition among technology vendors, the standards for healthcare administration are increasing. With growing technology partnerships, the healthcare industry as a whole offers ample opportunities for implementation of high-end IT infrastructure, advanced care, and cost effective administration, which would collectively result in a better healthcare ecosystem worldwide. 

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. 

The global healthcare IT outsourcing market is segmented as below: 

Healthcare IT Outsourcing Market

By Application

  • Care Management
  • Administration
  • IT Infrastructure Services

By End-use

  • Healthcare Providers
  • Healthcare Payers

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


1. Preface
    1.1. Research Scope
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Global Healthcare IT Outsourcing Market Snapshot
    2.2. Global Healthcare IT Outsourcing Market Revenue, 2013 – 2023 (US$ Mn) and Year-on-Year Growth (%)

3. Global Healthcare IT Outsourcing Market Analysis, 2013 – 2023 (US$ Mn)
    3.1. Key Trends Analysis
    3.2. Market Dynamics
          3.2.1. Drivers
          3.2.2. Restraints
          3.2.3. Opportunities
    3.3. Global Healthcare IT Outsourcing Market Analysis, By Application, 2013 – 2023 (US$ Mn)
          3.3.1. Care Management
          3.3.2. Administration
          3.3.3. IT Infrastructure Management
    3.4. Global Healthcare IT Outsourcing Market Analysis, By End-use, 2013 – 2023 (US$ Mn)
          3.4.1. Healthcare Providers
          3.4.2. Healthcare Payers
    3.5. Competitive Landscape
          3.5.1. Market Positioning of Key Players, 2014
          3.5.2. Competitive Strategies Adopted by Leading Players

4. North America Healthcare IT Outsourcing Market Analysis, 2013 – 2023 (US$ Mn)
    4.1. Key Trends Analysis
    4.2. North America Healthcare IT Outsourcing Market Analysis, By Application, 2013 – 2023 (US$ Mn)
          4.2.1. Care Management
          4.2.2. Administration
          4.2.3. IT Infrastructure Management
    4.3. North America Healthcare IT Outsourcing Market Analysis, By End-use, 2013 – 2023 (US$ Mn)
          4.3.1. Healthcare Providers
          4.3.2. Healthcare Payers
    4.4. North America Healthcare IT Outsourcing Market Analysis, By Country, 2013 – 2023 (US$ Mn)
          4.4.1. U.S.
          4.4.2. Rest of North America

5. Europe Healthcare IT Outsourcing Market Analysis, 2013 – 2023 (US$ Mn)
    5.1. Key Trends Analysis 
    5.2. Europe Healthcare IT Outsourcing Market Analysis, By Application, 2013 – 2023 (US$ Mn)
          5.2.1. Care Management
          5.2.2. Administration
          5.2.3. IT Infrastructure Management
    5.3. Europe Healthcare IT Outsourcing Market Analysis, By End-use, 2013 – 2023 (US$ Mn)
          5.3.1. Healthcare Providers
          5.3.2. Healthcare Payers
    5.4. Europe Healthcare IT Outsourcing Market Analysis, By Region, 2013 – 2023 (US$ Mn)
          5.4.1. EU7 (UK, Italy, Spain, France, Germany, Belgium, and Netherlands)
          5.4.2. CIS
          5.4.3. Rest of Europe

6. Asia Pacific Healthcare IT Outsourcing Market Analysis, 2013 – 2023 (US$ Mn)
    6.1. Key Trends Analysis
    6.2. Asia Pacific Healthcare IT Outsourcing Market Analysis, By Application, 2013 – 2023 (US$ Mn)
          6.2.1. Care Management
          6.2.2. Administration
          6.2.3. IT Infrastructure Management
    6.3. Asia Pacific Healthcare IT Outsourcing Market Analysis, By End-use, 2013 – 2023 (US$ Mn)
          6.3.1. Healthcare Providers
          6.3.2. Healthcare Payers
    6.4. Asia Pacific Healthcare IT Outsourcing Market Analysis, By Region, 2013 – 2023 (US$ Mn)
          6.4.1. Japan
          6.4.2. China
          6.4.3. South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
          6.4.4. Australasia (Australia, NZ & Guinea)
          6.4.5. Rest of Asia Pacific

7. Middle East and Africa (MEA) Healthcare IT Outsourcing Market Analysis, 2013 – 2023 (US$ Mn)
    7.1. Key Trends Analysis        
    7.2. MEA Healthcare IT Outsourcing Market Analysis, By Application, 2013 – 2023 (US$ Mn)
          7.2.1. Care Management
          7.2.2. Administration
          7.2.3. IT Infrastructure Management
    7.3. MEA Healthcare IT Outsourcing Market Analysis, By End-use, 2013 – 2023 (US$ Mn)
          7.3.1. Healthcare Providers
          7.3.2. Healthcare Payers
    7.4. MEA  Healthcare IT Outsourcing Market Analysis, By Region, 2013 – 2023 (US$ Mn)
          7.4.1. GCC Countries
          7.4.2. South Africa
          7.4.3. Rest of MEA

8. Latin America Healthcare IT Outsourcing Market Analysis, 2013 – 2023 (US$ Mn)
    8.1. Key Trends Analysis
    8.2. Latin America Healthcare IT Outsourcing Market Analysis, By Application, 2013 – 2023 (US$ Mn)
          8.2.1. Care Management
          8.2.2. Administration
          8.2.3. IT Infrastructure Management
    8.3. Latin America Healthcare IT Outsourcing Market Analysis, By End-use, 2013 – 2023 (US$ Mn)
          8.3.1. Healthcare Providers
          8.3.2. Healthcare Payers
    8.4. Latin America Healthcare IT Outsourcing Market Analysis, By Region, 2013 – 2023(US$ Bn)
          8.4.1. Brazil
          8.4.2. Rest of Latin America

9. Company Profiles
    9.1. Accenture Plc.
    9.2. IBM Corporation
    9.3. Cognizant Technology Solutions
    9.4. Tata Consultancy Services Ltd 
    9.5. Infosys Limited 
    9.6. L&T Infotech 
    9.7. Allscripts Healthcare Solutions, Inc. 
    9.8. McKesson Corporation 
    9.9. HCL Technologies Ltd
    9.10. Wipro Limited

IT outsourcing in healthcare refers to the use of third party service providers to manage and maintain technology enabled operations in healthcare provider and payer segments. Some of the outsourced components include patient data management, financial data management, asset management, healthcare data analytics, and various other administrative services. The demand for strong and robust IT infrastructure in healthcare is one the major factors driving the overall healthcare IT outsourcing market. Moreover, due to the lack of skilled workforce with proper IT expertise, maintenance of in-house IT infrastructure becomes a challenging task for healthcare organizations. Outsourcing IT solutions not only gives healthcare payers and providers the opportunity to focus on their core services but also helps in reducing management costs.

There is also a growing demand for healthcare IT outsourcing as a result of rising compliance pressure from governments globally and growing dependence on advanced technology solutions for effective healthcare administration. Governments pushing healthcare reforms in the form of Affordable Care Act (ACA), International Statistical Classification of Diseases and Related Health Problems (ICD-10) norms, Health Insurance Exchange (HIX), and Medicare, has resulted in growing use of IT outsourcing in the healthcare industry. Outsourcing IT in healthcare plays an important role in enabling optimum resource allocation in hospitals, better quality patient care, and analytics driven management systems. With the increase in overall competition levels among leading IT solution and service providers in terms of developing integrated platforms with higher levels of customization, the healthcare providers/payers are getting better access to IT services at reasonable costs. Moreover, growing partnerships of technology vendors to upgrade and create better platforms, is again playing a greater role in driving the healthcare IT outsourcing market across the globe.

On the basis of applications, the healthcare IT outsourcing market is categorized into care management, administration, and IT infrastructure management. Factors such as increasing usage of electronic health record systems, population health management technologies, and high reliance on data analytics are resulting in the improved growth of the healthcare IT outsourcing market. End-use segments of the healthcare IT outsourcing market include healthcare payers and healthcare providers. As a result of growing government initiatives to provide affordable care and improved diagnostics, healthcare organizations across the globe are giving higher preference to IT outsourcing to cut operational costs and be able to focus on core tasks.

 

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There is growing need to electronically track the large amount of complex data generated by day-to-day operations in healthcare including electronic monitoring, billing codes, medical records, medical inventory management, and hospital asset management.     

During the coming years, demand from emerging regional markets such as Asia Pacific, Latin America, and Middle East and Africa (MEA) are anticipated to drive the growth of the healthcare outsourcing market. Some of the players involved in offering solutions or services related to healthcare IT outsourcing are Accenture Plc., IBM Corporation, Cognizant Technology Solutions, Tata Consultancy Services, Infosys Limited, Allscripts Healthcare Solutions, Inc., McKesson Corporation, L&T Infotech, HCL Technologies Ltd., and Wipro Limited.


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