HEALTHCARE IT OUTSOURCING MARKET ANALYSIS

Healthcare It Outsourcing MarketSize and Trends

The global healthcare IT outsourcing market was valued at US$ 59.99 Bn in 2021 and is forecast to reach a value of US$ 97.73 Bn by 2028 at a CAGR of 7.3% between 2022 and 2028. The global healthcare IT outsourcing market is experiencing strong growth due to the increase in disease burden, increase in adoration of healthcare IT solutions, increase in patient-centric and value-based approaches in healthcare, and government mandates & support for healthcare IT solutions. However, lack of standard platform and rising incidences of data breach and loss of confidentiality are major factors expected to hamper the growth of the market.

Global Healthcare IT Outsourcing Market Share (%), by Application, 2021

Global Healthcare IT Outsourcing Market Trends:

Increase in digitalization of healthcare is expected to drive growth of the global healthcare IT outsourcing market. For instance, in September 2022, Honeywell to collaborate with leading health providers to advance digitalization of healthcare globally, improving patient outcomes and increasing connectivity for more efficient monitoring in hospitals and homes.

Growing need to integrate healthcare IT solutions is expected to propel the growth of the global healthcare IT outsourcing market. For instance, in May 2022, Modmed announced the launch of OBGYN-specific software suite set. It is an all-in-one EHR, practice management, patient engagement, payments, image and inventory management, & analytics solution that will bring practice and workflow innovation to obstetrics and gynecology.