• 1-614-588-8538 (Ext: 101)
  • US Toll Free
Healthcare Outsourcing Market to Reach $229.2 Billion by 2021, Driven Mainly by Growth of Pharmaceutical and Healthcare Industry in Americas

Published By : IndustryARC | Published On : 2016-07-04
The Report Healthcare Outsourcing Market: By Services (Payer, Claims processing, Claims adjudication, Mailroom services, Provider, Pharmaceuticals and Others); By Geography- Forecast (2016-2021)”, published by IndustryARC.

Browse 8 Market Tables, 65 Figures spread through 241 Slides and an in-depth TOC on “Healthcare Outsourcing”
http://industryarc.com/Report/1279/Healthcare-Outsourcing-Market-Analysis-Report.html

Healthcare centers such as hospitals have been outsourcing various ancillary tasks globally. Outsourcing enables hospitals to focus on their core task of providing efficient healthcare services. Wide range of outsourcing vendors are available in the market that can provide specialized services which can affect the entire bottom-line of the hospitals. The healthcare industry has been considered to be resistant to the outsourcing services as compared to other industries. This is due to many factors including environment, culture, regulatory/compliance requirements and other risk related issues. However, the healthcare provider sector has slowly started incorporating outsourcing services as compared to healthcare’s payer and supplier sectors.

Healthcare delivery has become increasingly data driven. The growing ability of the BPO vendors to discover hidden patterns and unknown correlations in data using big data / analytics is fueling the growth in payer BPO market. The growth in the US health care provider outsourcing market is primarily driven by ICD-10 conversion reform and the shortage of medical coders in the US. Moreover, growing health consciousness and chronic diseases such as asthma, diabetes, emphysema, chronic bronchitis, congestive heart disease, cirrhosis of the liver, hypertension and depression are increasing the demand for significant development in the healthcare and healthcare services globally.

The market in 2015 was $176.15 billion and is dominated by Americas. APAC as well as RoW is poised to exhibit the fastest growth due to favorable microeconomic conditions like government regulations and financial conditions such as increasing FDI investments. By 2021, the global healthcare outsourcing market revenue for pharma outsourcing in clinical is expected to reach $130.64 billion with growth of 4.3% CAGR in forecast period. This market is all set to experience a booming trend owing to its growing usage in various end-users such as hospitals, clinics, R&D labs and more. Healthcare provider segment also held a considerable share of 30.4% which accounted for $53.5 billion in 2015 and is anticipated to grow with 3.2% till 2021. U.S. is the largest healthcare spending nation globally which makes it a dominant country for healthcare outsourcing. The number of service providers across the world for healthcare outsourcing has increased manifold. Some of the major players of this market are McKesson Group, Accenture, TCS, Cognizant and many others. Globalization, need for cost reduction and socio-economic trends are the major drivers for increased healthcare outsourcing in the country

The healthcare outsourcing in healthcare database solution market is characterized by large number of companies but top three companies pertaining to it account for more than 45% market share due to the wide service network and brand reputation. Expanding collaborations and partnerships across industries for providing efficient healthcare services along with the growth in demand, adoption of new technologies in emerging economies such as China, Thailand and India provides a strong impetus to the market growth. Innovation is a key driver for this segment. Within the healthcare outsourcing service industry, the threat of new entrants is very tight. The healthcare outsourcing market report is a comprehensive study of the market for different types, applications and geography.

Following key players were also covered as part of the market landscape analysis:
  • Accenture
  • McKesson Group
  • CGI Federal
  • TCS
  • Cognizant
  • Dell
  • Wipro
  • Optum
  • Emdeon Business Services LLC

The market has also been analyzed for four geographic regions which include Americas, APAC, Europe and Rest of the World.


Browse Related Reports:




About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.


Contact Us:

Mr. Sanjay Matthews
Business Development Manager 
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc