Global Healthcare Outsourcing Market Overview:
Healthcare centers like as hospitals have been outsourcing the various ancillary tasks globally. Outsourcing normally enables hospitals to focus on the core task by providing efficient healthcare services. Outsourcing ancillary processes basically improve the financial results by reducing the costs of administrative and rising revenues, service quality and efficiency. In hospitals, most of the activities of ancillary require specialized skills or also the substantial infrastructure. An increasing number of hospitals, research institutes, clinics, pharmaceutical/clinical laboratories along with the significant growth in the pharmaceutical industry are majorly driving the market of healthcare outsourcing. There are different manufacturers who delivers the Healthcare/Medical Outsourcing types of products payer outsourcing services, pharmaceutical outsourcing services, provider outsourcing services, and pathology and laboratory outsourcing services
|Value (USD Million)
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Hospitals have started to use third-party services for interpretation of imaging results or transcription of physician's case notes
Market Growth Drivers:
Many new multi-specialty hospitals chains have come up, which are driving the need for outsourcing
Hidden Costs of Outsourcing and Lack of adequate infrastructure for pre-clinical studies
Specialist hospital management companies to compete with BPO companies and IPR protection apprehensions while outsourcing
Outsourcing drug development and clinical trials enable companies to focus on core capabilities
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Some of the key players profiled in the report are Firstsource Solutions Ltd (India), R1 RCM (United States), ICON plc (Republic of Ireland), Patheon Inc (Netherlands), Hexaware Technologies Ltd (India), IBM Corporation (United States), IDS Infotech Ltd (United States), Infosys (India), Omega Healthcare (United States) and WNS Global Services Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like Sun Knowledge Limited (United States), Tata Consultancy Services Limited (India), Wipro Limited (India), Cognizant (United States), Accenture (United States) and Quintiles IMS Holdings (United States). Analyst at AMA Research see United States and Indian Players to retain maximum share of Global Healthcare Outsourcing market by 2028. Considering Market by Technology, the sub-segment i.e. Monoclonal Antibodies Technology will boost the Healthcare Outsourcing market.
IBM Watson Health published its 100 Top Hospitals annual study identifying top performing hospitals in the U.S. based on overall organizational performance. Formerly known as the Truven Health Analytics 100 Top Hospitals, this study spotlights the best performing hospitals in the U.S. based on a balanced scorecard of publicly available clinical, operational, and patient satisfaction metrics and data
What Can be Explored with the Healthcare Outsourcing Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Healthcare Outsourcing Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Healthcare Outsourcing
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Healthcare Outsourcing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Healthcare Outsourcing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Medical Devices Companies, Research and Development (R&D) Companies, Government Research Institutes, Academic Institutes and Universities, Vendors/Service Providers, Healthcare Service Providers, Health Insurance Companies, Business Research and Consulting Service Providers and Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.