From GlobeNewswire: 2024-11-12 09:20:00

The Global Healthcare IT Outsourcing Market, valued at USD 64.52 billion in 2023, is projected to reach USD 122.72 billion by 2032 with a CAGR of 7.44%. Healthcare providers are outsourcing IT services to specialized providers for improved operations and data security, driving the market growth.

The trend of adopting telemedicine platforms, AI-powered tools, and digital health records is fueling the need for secure and compliant IT solutions through outsourcing. Companies are turning to outsourcing for cost-effective data security and system reliability, leading to innovative solutions transforming healthcare systems worldwide.

Key drivers of growth in Healthcare IT Outsourcing include increased healthcare spending and the demand for secure, scalable IT solutions. The market is driven by healthcare providers investing in technology for streamlined operations and effective patient care while ensuring data security and compliance with regulations, driving the need for electronic health records and telemedicine platforms.

In 2023, the Provider IT Outsourcing segment led the market with a 42.0% share, driven by the demand for IT outsourcing in healthcare providers to focus on core clinical functions. The Hospital Information Systems segment accounted for the largest share, around 47.0%, as hospitals outsource IT services to improve operational efficiency and patient management.

North America holds the largest share in healthcare IT outsourcing, with a 35.0% share in 2023. The region is expected to remain a market leader due to government initiatives promoting digital healthcare. Asia Pacific is the fastest-growing region for healthcare IT outsourcing, driven by the adoption of digital health technologies and increasing healthcare expenditure, particularly in countries like India, China, and Japan. The healthcare industry is increasingly turning to IT outsourcing to manage patient data and improve operational efficiency. Recent developments include Sonata Software securing a contract with a US healthcare company, Accenture acquiring a UK-based digital healthcare consultancy, and Allscripts Healthcare Solutions partnering with HealthVerity to enhance patient care. These partnerships aim to leverage IT solutions for better outcomes and data management in healthcare. S&S Insider offers in-depth market analysis and consulting services to help clients navigate the evolving healthcare landscape.



Read more at GlobeNewswire: Healthcare IT Outsourcing Market to Hit USD 122.72 Billion